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Global Prepared Food Equipment Market Size is Projected to Reach 11.23 Billion USD by 2023

Author: QYResearch | Publish date: 2018-06-03 | Views: 186
The Prepared Food Equipment industry was 7.96 Billion USD in 2017 and is projected to reach 11.23 Billion USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 5.95% between 2017 and 2023. The market is driven by various end-user industries, such as Snack & Savory Products, Ready-to-eat Products.


The industry is less concentration, the key brand include GEA Group (Germany), Alfa Laval (Sweden), The Middleby Corporation (US), Marel (Iceland), and Buhler (Germany). Other players in the industry include Welbilt (US), Hughes Equipment Company (US), Heat and Control Inc. (US), Bigtem Makine (Turkey), and Hup Sheng Machinery & Industry (Malaysia).


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Prepared Food Equipment Market Research Report 2018 report released by QYResearch provides a basic overview of the Pallet Conveyor industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Prepared Food Equipment industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report TOC, figure and tables


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