The U.S. Market for Foodservice Equipment, a new, third edition report from SBI, provides insights into the U.S. market supply of foodservice equipment, which experienced 8% compounded annual growth in value between 2002 and 2006. Can the competitive foodservice equipment market, including food products preparation machinery, commercial and service industry machinery, commercial refrigeration and institutional furniture, sustain future growth? Rising costs of materials, increased energy costs, 2,000 competitors, the green trend and end user behavior all have an impact on this dynamic market. This report looks at other trends that may further affect the foodservice equipment market, such as the need to replace equipment, increased imports and, although not growing as rapidly in value, exports.
In the U.S. Market for Foodservice Equipment, SBI analyzes the overall market’s value, the various products that make up the market, along with economic, industry and product trends that will fuel future growth. SBI also takes a good look at consumer attitudes and behavior that ultimately drive foodservice equipment sales.
Scope and Methodology
This report data were obtained from government sources, trade associations, publications, business journals, company literature, and investment reports. The report covers the needs of the commercial foodservice equipment sector and also contains detailed demographic profiles of residential consumers in terms of foodservice, based on data provided by Simmons Market Research Bureau (SMRB), New York. The data was pulled from SMRB’s National Consumer Survey (NCS) Fall 2006.
Shipment statistics are derived from the U.S. Census of Manufacturers and the Annual Survey of Manufacturers, and is estimated and forecasted by SBI. Import and export data by major country of origin is derived from the U.S. Department of Commerce and the U.S. International Trade Commission. However, the U.S. International Trade Commission does not track the trade data for some specific commodities such as food products machinery and institutional furniture and this has not been included in the market size estimate. Historical data are provided for 2002 through 2006 (many 2006 shipments are estimates), with forecast data from 2007 to 2011.
Market size of foodservice equipment (market supply) is defined as the value of foodservice equipment supplied to the total U.S. marketplace, in a particular period. Therefore, market size is determined by supply rather than demand. The U.S. foodservice equipment supply was calculated from the Department of Commerce statistics by collecting data from domestic plant shipments, adding imports, and extracting exports. As such, the formula for determining the market size will be Production in the U.S. + Balance of Trade [i.e. Shipments + (Imports - Exports)].
Also, note that the values are in net selling values, i.e., free on board (f.o.b.) from the manufacturing plant, and not the retail/wholesale price sold to the end consumer.
What You’ll Get in this Report
The U.S. Market for Foodservice Equipment makes important predictions and recommendations regarding the future of this market to point out ways current and prospective marketers can capitalize on current trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that U.S. Market for Foodservice Equipment offers. The report addresses the following segments:
Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You Will Benefit from this Report
If your company is already competing in the food equipment industry, or uses these products, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for foodservice equipment, as well as projected market size and trends through 2011.
This report will help:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook