Abstract
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:
- The Market (including historical and current market size and
composition, and projected market growth)
- Competitive Profiles (of the mainstream players, specialists and
up-and-coming niche players, and analyses of the products they market)
- Trends
- Distribution and Promotion
- End Users (both operators and the ultimate end user, the consumer)
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:
- Marketing Managers identify market opportunities and develop
targeted promotion plans for foodservice equipment.
- Research and development professionals stay on top of competitor
initiatives and explore demand for foodservice equipment.
- Advertising agencies working with clients in the foodservice
industry understand the product buyer to develop messages and images that
compel foodservice operators to purchase these products.
- Business development executives understand the dynamics of the
market and identify possible partnerships.
- Information and research center librarians provide market
researchers, brand and product managers and other colleagues with the vital
information they need to do their jobs more effectively.
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