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The hospital foodservice equipment market has the potential to grow by USD 1.65 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.14%.
This hospital foodservice equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (primary cooking equipment, refrigeration, food preparation equipment, food holding and serving, and others) and geography (North America, APAC, Europe, South America, and MEA). The hospital foodservice equipment market report also offers information on several market vendors, including Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Duke Manufacturing, FUJIMAK Corp., HOSHIZAKI Corp., ITW Food Equipment Group, The Middleby Corp., The Vollrath Co. LLC, and Vanya Industrial Equipment among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The expansions, upgrades, and renovations in hospital is notably driving the hospital foodservice equipment market growth, although factors such as concerns related to food safety may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospital foodservice equipment market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This hospital foodservice equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the hospital foodservice equipment market encompasses successful business strategies deployed by the key vendors. The hospital foodservice equipment market is fragmented and the vendors are deploying growth strategies such as providing innovative technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hospital foodservice equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hospital foodservice equipment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising number of hospitals, growing healthcare expenditure, and the presence of a huge patient pool in the region will facilitate the hospital foodservice equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The hospital foodservice equipment market share growth by the primary cooking equipment segment will be significant during the forecast period. The need for preparation and cooking of a variety of food items in hospitals while fulfilling the nutritional needs of patients is one of the key drivers for the primary cooking equipment segment's growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hospital foodservice equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Hospital Foodservice Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2021-2025 |
$ 1.65 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.26 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Duke Manufacturing, FUJIMAK Corp., HOSHIZAKI Corp., ITW Food Equipment Group, The Middleby Corp., The Vollrath Co. LLC, and Vanya Industrial Equipment |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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