- Basis of Industry (Mobile Catering, Airline Catering and event Catering), Application, Products & Services (Corporate Functions, Wedding Ceremonies, Private Events, and Others) and Geographical Analysis & Forecast 2014 - 2025
Catering is a service which provides food services to a location or an event. Catering services are dispensed on a per-person basis. A catering proposal will include rental, arrival time, staff arrival time, bar open and close time, meal timings, and rental pickups. There are different types of catering services such as mobile catering, airline catering, and event catering. As per the market report and the compound annual growth rate, the catering market can see a positive financial boost in the forecast period of 2017 to 2025.
There are several market dynamics that financially make or mar the market. Factors such as favorable government initiatives, food services in commercial establishments, and emerging markets are the important driving factors. Aspects such as logistics challenges, regulation challenges, menu choices, furniture, rentals, labor, and services charges can be a restraint. Opportunities can be seen in the form of high disposable income, advances in technology, increasing preferences for healthy food options, growth in the airline industry can help in the market growth.
The Porter’s Five Force analysis will help professionals identify the bargaining power of suppliers, buyers, threat from substitutes and the competitive scenario.
The catering services market is segmented on the basis of industry, application, products & services, and geography. On the basis of industry, the market segments include mobile catering, airline catering, and event catering. For products & services, the catering market tends to corporate functions, wedding ceremonies, private events, and others among the rest.
Geographically segmented, the smart buildings market is divided for Europe, Asia-Pacific, North America, and LAMEA. The report provides in-depth segmentation for each of the countries under these continents. The report includes key market trends, market size and forecast, growth factors and opportunities for each of the segmentation.
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