China & Hong Kong Food Service Equipment Market To Grow At A CAGR Of 7.3% (2017-2025)

China & Hong Kong Food Service Equipment Industry is Expected to Reach USD 20 Billion by 2025

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IEQ PLC

According to Goldstein Research, China & Hong Kong food service equipment market is expected to reach USD 20 billion by 2025, growing at a CAGR of 7.3% over the forecast period, 2017-2025. The rising number of food service outlets and restaurants and the growing consumers for dine-in or online deliveries, pushing for the use of advance equipment for timely execution of the orders are driving the growth in installation of food service equipment. China & Hong Kong food service equipment market segmentation has been done on the basis of equipment categories, distribution channel, end-user, and geography. Cooking Equipment accounted for the largest market share of 33.4% in 2017 of China & Hong Kong food service equipment market. Cooking equipment is closely followed by the refrigerators and chillers market share and is expected to grow at a CAGR of 7.0% over the forecast period.

China & Hong Kong Food service equipment market is dominated by China accounted for 73.1% market share in 2017, followed by Hong Kong, on the back of growing food service industry and the food service equipment manufacturers.

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Market Segmentation

On the basis of our in-depth analysis, China & Hong Kong Food Service Equipment Market can be segmented as follows:

By Equipment Categories

o          Food Preparation Equipment

o          Drink Preparation Equipment

o          Cooking Equipment

o          Refrigerators and Chillers

o          Wash Ware

By Distribution Channel

o          Online

o          Offline

By End-User

o          Full-Service Restaurants

o          Quick Service Restaurants

o          Hotels and Clubs

o          Caterers

By Geography

o          China {Market Share (%), Market Size (USD Billion)} Food Service Equipment Market

o          Hong Kong {Market Share (%), Market Size (USD Billion)} Food Service Equipment Market

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“China & Hong Kong Food Service Equipment Market Outlook 2024” contains a detailed overview of the China & Hong KongFood service equipment market.On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by equipment categories, distribution channel, and end-user.

Further, for the in-depth analysis, China & Hong Kong Food Service Equipment Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Illinois Tool Works Inc., Rational AG, Fujimak Corporation, AB Electrolux, Manitowac Company Inc., Hobart Corporation, Duke Manufacturing Co.Inc., Sia Huat, Town Food Service Equipment Co. Inc., New Asia FSE Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the China & Hong Kong Food service equipment market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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