Technological Advancement in Food Service Equipment Drives Demand
The advancement in refrigeration technologies over the last few years has also helped the global commercial refrigeration market immensely. The cost-effectiveness of food service equipment has become increasingly important for the hospitality industry due to its direct impact on the company’s profit margins, driving the demand for advanced commercial refrigeration products.
Research Report: http://www.transparencymarketresearch.com/food-service-equipment.html
High Installation Costs Restrict Use of Food Service Equipment
Walk Ins Dominate Global Commercial Refrigeration Market
Walk ins held the largest share in the revenue of the global food service equipment market in 2014. Walk ins are preferred by vendors due to the higher convenience they provide to customers and accounted for close to one million commercial refrigeration units in 2013. Even though walk ins are expected to remain the leading segment of the global commercial refrigeration equipment market till 2020, the beverage dispensers segment is likely to exhibit the highest growth rate of all product segments. Other major product types in the global commercial refrigeration market include ice machines, glass door merchandisers, refrigerated vending machines, commercial fridges/freezers, ice cream cabinets, and blast freezers.