Hospital Foodservice Equipment Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR46461
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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.

What will the Hospital Foodservice Equipment Market Size be in 2021?

Hospital-Foodservice-Equipment-Market-Market-Size-2020-2025

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Hospital Foodservice Equipment Market: Key Drivers and Trends

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.

  • The expansions, upgrades, and renovations in hospitals are key drivers augmenting the hospital foodservice equipment market growth.
  • Many hospitals are planning to expand and renovate their infrastructure to meet the healthcare needs of the growing community.
  • Hospitals focus more on serving the best food to the patients and employees of the hospitals, along with providing treatment.
  • The number of hospitals is increasing worldwide, which will drive the demand for hospital foodservice equipment, as these hospitals need to provide food to the patients and staff. 
  • Increasing focus on healthier and nutritious food is another important driver boosting the hospital foodservice equipment market growth.
  • The hospitals and healthcare systems around the globe are trying to promote healthy lifestyles by revamping their food offerings.
  • Nutrition is an integral part that would enhance the experience of the patients. The hospitals are aiming at improving the food quality that is being served to patients. This will lead to an increase in demand for foodservice equipment during the forecast period. 

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.

Who are the Major Hospital Foodservice Equipment Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Vanya Industrial Equipment

 

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. 

Which are the Key Regions for Hospital Foodservice Equipment Market?

Hospital-Foodservice-Equipment-Market-Market-Share-by-Region-2020-2025

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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.

What are the Revenue-generating Product Segments in the Hospital Foodservice Equipment Market?

Hospital-Foodservice-Equipment-Market-Market-Share-by-Product-2020-2025

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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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What are the Key Factors Covered in this Hospital Foodservice Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hospital foodservice equipment market growth during the next five years
  • Precise estimation of the hospital foodservice equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hospital foodservice equipment market industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hospital foodservice equipment market vendors

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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.

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Executive Summary

  • Market Overview
  • Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Primary cooking equipment - Market size and forecast 2020-2025
  • Refrigeration - Market size and forecast 2020-2025
  • Food preparation equipment - Market size and forecast 2020-2025
  • Food holding and serving - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • Vanya Industrial Equipment

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hospital foodservice equipment market growth will increase by $128.26 million during 2019-2024.
The hospital foodservice equipment market is expected to grow at a CAGR of 0.28% during 2019-2024.
Technavio has segmented the hospital foodservice equipment market by product (Primary cooking equipment, Refrigeration, Food preparation equipment, Food holding and serving, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
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, Vanya Industrial Equipment are a few of the key vendors in the hospital foodservice equipment market.
APAC will register the highest growth rate of 51.82% among the other regions. Therefore, the hospital foodservice equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the hospital foodservice equipment market growth are:
  • Expansions, upgrades, and renovations in hospital
The hospital foodservice equipment market vendors should focus on grabbing business opportunities from the primary cooking equipment segment as it accounted for the largest market share in the base year.
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