Published on : May 10, 2016
ALBANY, New York, May 10, 2016: According to the report, the U.S. food service equipment market is expected to witness healthy growth owing to the increasing urbanization, improved economic growth, and liberalization of global trade. Growing sanitation and hygiene standards are also promoting the foodservice equipment market in the U.S.
The foodservice equipment industry is one of the major segments of the foodservice industry. The growth in the number of restaurants, hotels, and fast food joints has increased and with it, the growth of the foodservices equipment market. Foodservice equipment helps in the maintenance of hygiene, which is an important factor today owing to the many food safety guidelines laid down by food regulatory bodies to maintain a standard hygiene level.
The foodservice equipment market in the U.S. is benefitted by the changing lifestyle of the people across the U.S. The rising tendency of people to eat out is fueling the foodservice equipment industry in the U.S. as is the rising population. An increase in the working population and rising number of working women are expected to boost the market. The launch of innovative food service equipment will also impact the market positively.
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Some of the challenges that the foodservice equipment market may face include the negative effect of seasonal changes, rising competition, and political instability. The risks associated with product development will also curb the growth of the market. The high operating costs and various labor issues also hamper the growth of the foodservice equipment market in the U.S. However, trends such as making products energy-efficient and introducing technologically advanced products in the market will help boost the foodservice equipment market. The rising trend of compact equipment will also boost the market for foodservice equipment in the U.S.
A business and financial overview of some of the major companies operating in the U.S. foodservice equipment market has been provided. Charts, graphs, statistics, and tables have been used wherever required. Some of the key players that have been profiled in the report are: Manitowoc Foodservice, Illinois Tool works (ITW) Middleby, and Rational. A detailed study of these companies including the strategies implemented by them, their challenges, and product specifications, has been included in the report. The in-depth study helps interested readers and enterprises to make smart and informed decisions with regards to investment in the foodservice equipment market in the U.S.
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