How Much Is The Warewashing Professional Equipment Industry Worth? March 07, 2022
According to a new market report published by Transparency Market Research titled ‘Warewashing Professional Equipment Market [Product Type; Glasswashers, Dishwashers (Hood, Pot, Rack Conveyor, Flight Conveyor and others), and Others; End-user: Catering Industry (Hotels, Restaurants, Bars, and Others), Offices,
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Butcheries, Bakeries, and Others; Distribution Channel: Online Stores and O
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Stores (Specialty Stores, Departmental Stores, and Mega Retail Stores)] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027’.
The global warewashing professional equipment market was valued at US$ 5.3 Bn in 2019 and is expected to grow at a CAGR of 3.5% from 2019 to 2027. Rising disposable income, development of innovative products, and increasing penetration of IoT devices are also expected to boost the global market of warewashing professional equipment in the near future.
Overview
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The global warewashing professional equipment market was valued at US$ 5.3 Bn in 2019 and is expected to grow at a CAGR of 3.5% from 2019 to 2027. Rising disposable income, development of innovative products, and increasing penetration of IoT devices are also expected to boost the global market of warewashing professional equipment in the near future.
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Europe holds a major share of the global warewashing professional equipment market, followed by North America. Awareness about overall safety, sanitation, and hygiene among consumers and food service center owners has propelled the demand for warewashing professional equipment in these regions.
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The warewashing professional equipment market in Asia Pacific is likely to expand at a notable growth rate during the forecast period, due to expansion of the catering industry and strong product innovation among warewashing professional equipment manufacturers in the region.