LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the commercial foodservices equipment (CFSE) market in the US is expected to reach USD 108.4 billion by 2021, growing at a CAGR of almost 6%.
This research report titled ‘CSFE Market in the US 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The growth of CSFE market in the US is driven by the growth of the foodservice market coupled with the strategic alliance between vendors. For instance, in November 2015, Blendtec entered a partnership with Jamba Juice, a leading juice bar chain based in the US, to improve its operational efficiency and enhance customer experience.
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Technavio’s analysts categorize the CSFE market in the US into seven major segments by product. They are:
- Primary cooking equipment
- Food preparation equipment
- Refrigeration and ice machines
- Foodservices disposables and gloves
- Ware washing
- Storage and handling equipment
- Food holding and serving equipment
The top three product segments for the CSFE market in the US market are discussed below:
Primary cooking equipment
The primary cooking equipment segment consists of broilers, braising pans, char broilers, fryers, cook-chill systems, oil filtration systems, griddles, grills, ovens, pasta cookers, panini grills, ranges, rice cookers, steamers, smokers, tilting skillets, and toasters.
According to Manu Gupta, a lead food service research analyst from Technavio, “Primary cooking equipment are popular among full-service restaurants, hotels, and catering companies. Foodservice establishments that offer fine dining and those that serve fried, baked, and grilled food use the primary cooking equipment.”
Food preparation equipment
The food preparation equipment segment includes breading machines, blenders, bread-slicers, dough preparation equipment, food processors, juicers and mixers, meat processers, salad/vegetable washers and dryers, scales, and slicers. These are widely used in all end-user segments.
In conventional beverage blenders, regular cleaning and rinsing lead to the wastage of water. It also accounts for nearly 10% ingredient wastage. To overcome these challenges, manufacturers are coming up with technologically advanced commercial beverage blenders that automate production.
Refrigeration and ice machine
“Commercial refrigerators and ice machines are a significant part of commercial kitchens. The refrigeration and ice machine segment is expected to grow at a CAGR of over 6% during the forecast period,” adds Manu.
Refrigerators are mostly used in commercial kitchens to store raw materials, prepared food, and cold beverages. For instance, cold display cases are used in bakeries and retail stores where various types of cold food and beverages such as cakes, pastries, ice creams, and other desserts need to be displayed.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Manitowoc Foodservice
- Illinois Tool Works
- Middleby
- Standex International
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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