In 2013, the UK catering equipment market was estimated to have grown in value by 2.1%, continuing its recovery from the depression exhibited during the 2008/2009 recessionary period.
The UK catering equipment market produces and supplies a wide a range of products, many of which are essential to the hospitality and foodservice market. For the purposes of this report, the catering equipment market is segmented into five sectors: cooking equipment; food-handling equipment; refrigeration equipment; food-preparation equipment, and other catering equipment.
Following a significant drop in demand during 2008 and 2009, the market for catering equipment has continued to exhibit year-on-year growth. However, following strong growth in 2010 and 2011 as demand recovered from the depression of the recessionary period, growth has once again been strained, with fragile economic growth and continued weak consumer expenditure impacting across the foodservice market, limiting significant investment in new equipment.
Another major trend affecting catering equipment manufacturers and suppliers across the UK is the increasing focus on energy efficiency and wastage throughout the hospitality and foodservice industry. With numerous Government-backed and publicly-funded schemes to encourage the uptake of qualifying ‘green’ equipment, new product development (NPD) in catering equipment is increasingly dominated by the trend toward energy efficiency and ‘green’ features.
Of particular importance...