Warewashing Equipment Market Projected to Reach Higher Growth Rate by 2027
A report published by the GMI, suggests the warewashing equipment market share is expected to be over USD 4 billion by 2027. Burgeoning demand for cleanliness products across the commercial sector will enhance the warewashing equipment industry growth. The need to comply with stern kitchen hygiene & food safety has led to an accelerated adoption and installation of warewashing equipment across hotels and restaurants in regions like North America and Europe.
Sustainability, cost, and ease of use are the vital factors considered when it comes to choosing a warewashing equipment. Businesses like hotels, healthcare facilities, or foodservice establishments rely on warewashing equipment to meet appropriate sanitation codes. With rising norms and regulations imposed by governments, especially since the COVID-19 pandemic, it has become necessary for businesses in the commercial sector to maintain proper hygiene and safety for workers and consumers.
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Here are few of the factors that may incite warewashing equipment market:
Major influence of the COVID-19 pandemic
The COVID-19 pandemic has impacted the sales of warewashing equipment severely during the first half of 2020. Strict lockdowns and trade bans were imposed by governments worldwide for controlling the spread of the hazardous disease. This has resulted in a significant decline in the sales of warewashing equipment. However, as things are getting back to normalcy and governments are focusing on vaccination drives, the market is anticipated to witness a slow growth by 2021 depending on the economic revival and containment of the virus.
Rising demand for commercial dishwashers in Europe
The warewashing equipment market of Europe will showcase lucrative growth by 2027. This growth will be majorly be attributed to the rising demand for dishwashers in the region. The food and hospitality sector is expanding across counties like Germany, France, Spain, Italy, and the UK. Rising tourism and hospitality industries are expected to positively impact the warewashing equipment industry size in the coming years.
New product developments
Few of the key players operating in the warewashing industry are Fujimak Corporation, Jackson WWS, Ali Group S.r.L., The Middleby Corporation, AB Electrolux, Miele, MEIKO, ECOLAB INC., Illinois Food Equipment Group., and Dover Corporation. Companies operating in the market are constantly focusing on adopting organic strategies for staying competitive in the market and enhancing their business position. In May 2019, MEIKO launched its new product, M-I CLEAN U dishwasher which possesses a better speed for drying and washing than its previous models. The latest dishwasher model also consists of advanced GIO modules, private label options and heat recovery.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.1 Definitions
1.1.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Warewashing equipment market 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Solution trends
2.1.4 End-Use trends
2.1.5 Sales channel trends
2.1.6 Regional trends
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