Global Soft Serve Freezer Market was 687.15 USD Million in 2017
Monday, 15 Oct, 2018
The Worldwide Soft Serve Freezer market is well diversified across USA, APAC, Europe and Other region. USA has the highest market share and dominates the Soft Serve Freezer market, and China is the next big market following USA. The growth of Soft Serve Freezer business is expected to grow at a moderate pace. Countries such as the Italy, France and UK, which are the leading countries in this region, are likely to register a positive growth.
The market for Soft Serve Freezer was 687.15 USD Million in 2017 and is projected to register a CAGR of 3.88% between 2017 and 2023 to reach 863.7 USD Million by 2023.
North America plays an important role in global Soft Serve Freezer market, with a market share of 27.11% in 2017 and is expected to show a similar trend during the forecast period, especially in United States, it has great influence on the development of Soft Serve Freezer.
The Europe market is mature and developed stably in the past few years and will keep the trend in the next years, it was 173.16 USD Million in 2017 and will reach 210.3 USD million in 2023, with a CAGR of 3.29% between 2017 and 2023. But in the changing times, Europe is also full of much uncertainty, from political elections, trade policy and historical problems.
The Asia-Pacific will take an increasing significant part in global Soft Serve Freezer market, due to the strong demand from China, Japan. It was 241.33 USD million in 2017 in Asia-Pacific, and it is predicted that the market size will reach 325.32 USD million in 2023, with a market share of 37.67% in global Soft Serve Freezer market.
The Soft Serve Freezer industry is characterized by several large international suppliers and many smaller suppliers. The top three largest operators account for about 49.88% of global volume in 2017 Key market players include Taylor, Carpigiani, Nissei, Electro Freeze, Stoelting, ICETRO, Spaceman, Gel Matic, etc..
Catering Industry covered over 36.35% of global market share in 2017, and is projected to dominate the market over the estimated period. This sector is likely to rise at a CAGR of 6.4% from 2017 to 2023.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.