The rising number of restaurants, hotels and fast food joints will remain a primary driver to the global foodservice equipment market, according to a study released by Future Market Insights, Valley Cottage, N.Y.

The study, “Foodservice Equipment Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” reveals the global foodservice equipment market is projected to expand at a healthy CAGR of 4.7% in terms of value during the forecast period.