Equipment market is set for steady growth

09 November 2006
Equipment market is set for steady growth

The UK catering equipment market will be worth more than £980m at present day prices in 2011, analysts have predicted.

Research company Market & Business Development's (MBD) latest study estimates the market will increase steadily from a current value of £907.8m to £981.6m in 2011.

But real-term growth over the next five years is expected to be slow and steady, at about 1-2% a year. Total growth in the market from 2002 to 2006 was 16%.

MBD expects cooking equipment sales to account for 33% of the total catering equipment market, as demand is fuelled by growth in the restaurant market and expansion in the catering sector.

Sales within the bar equipment sector are also expected to climb, up 8% to £181.8m in the five years to 2011.

A full copy of the report is available to buy for £550 at www.mbdltd.co.uk.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking