The global QSR Food Service Equipment market size is expected to be worth around US$ 19.5 billion by 2027, according to a new report by Vision Research Reports.
The global QSR Food Service Equipment market size was valued at US$ 12.7 billion in 2019 and is anticipated to grow at a CAGR of 5.4% during forecast period 2020 to 2027.
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The market growth is attributed to changing lifestyle and demand for fast foods, such as pizza, fries, pastries, and burgers. Furthermore, the usage of cooking, storage, and food preparation equipment, such as peelers, choppers, grater, ovens, refrigerators, fryers, and griddle, help in reducing the preparation and cooking time.
The changing lifestyle and food preferences along with rapid urbanization have led to an increase in the number of Quick Services Restaurants (QSR), thereby driving the demand for various types of food service equipment. The initial inclination of urban youth towards processed fast food led to the establishment of multiple fast food serving restaurants. However, the inclusion of healthier food in various QSRs, such as Chipotle Mexican Grill, KFC, and Subway, has also proved to be vital in the market growth over the past few years.
- The cooking equipment type segment led the market in 2019 and is estimated to expand further at the fastest CAGR of 6.8% from 2020 to 2027
- Increasing demand for cooking equipment for boiling, frying, and grilling frozen foods is expected to fuel the segment growth over the forecast period.
- The storage & handling segment is anticipated to witness a steady growth over the forecast period
- This growth is attributed to rising need for storing cooking supplies, utensils, and dry ingredients, such as spices, and flours
- Asia Pacific is expected to dominate in the market during the forecast period owing to the emergence of QSRs as a result of changing lifestyles in countries like India and Chin.
- Kings Kitchen Solutions
- Guangzhou Junjian Kitchen Appliances & Refrigeration Equipment Co., Ltd.
- Taylor Commercial Foodservice, Inc.
- Alto-Shaam, Inc.
- Hoshizaki America, Inc.
- The Vollrath Company, LLC
- Hatco Corp.
- LIBBEY Inc.
QSR Food Service Equipment Type Outlook
- Food & Beverage Preparation
- Storage and Handling
QSR Food Service Equipment Cooking Equipment Outlook
- Braising Pans/Tilting Skillets
QSR Food Service Equipment Warewashing Equipment
- Dish washer
- Booster Heaters
- Produce washer and Utensil Washer
QSR Food Service Equipment Food & Beverage Preparation Equipment
- Choppers, Dicers, Graters, Peelers, Non-Bread Slicers
- Juice Extractors/Juicing Equipment
- Meat Processing Equipment
QSR Food Service Equipment Refrigeration Equipment
- Blast Chillers
- Ice-Making/Dispensing/Holding Equipment and Ice Cream Equipment
- Water Filters & Water Filter Systems
QSR Food Service Equipment Serving Equipment
- Beverage Dispensers/Soda Fountains & Equipment
- Carving Stations/Meat-Serving Stations
- Coffee Equipment
- Warmers (not Merchandisers)
- Serving/Buffet Lines and Serving Carts
QSR Food Service Equipment Storage and Handling Equipment
- Bus/Tote Boxes and Dispensers (Non-Food)
- Carts and Conveyor
- Food & Ingredient Canisters & Containers
QSR Food Service Equipment Regional Outlook
- North America
- Asia Pacific
- Latin America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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