|
Kitchen Equipment
Stretching horizons
The growth in medical and retail sectors is providing ample
opportunities for kitchen equipment players to find their footing in these sectors.
Sanjeev Bhar analyses the scope for suppliers and manufacturers to increase
their business horizon.
Kitchen
equipment, being an allied segment of hospitality sector, has always concentrated
on hotels and restaurants as its primary targets. But with the growing economy,
the equipment sector is finding opportunities in hospitals and the retail segment.
Today, real estate companies are etching out malls as an important part of their
retail expansion plans. As the retail sector grows, the scope of restaurants
and QSRs also increases. At the same time, similar developments are also visible
in medical field where good infrastructure facilities like kitchens required
for the patients' dietary needs are becoming vital. Modern medical infrastructure
has been perceived as a tool to promote medical tourism too. The rising scope
of medical facilities and the retail sector is also pushing the demand for kitchen
equipment. This is benefiting the allied sector as well.
Hospital, retail on radar
Of late, kitchen equipment manufacturers and suppliers have noticed an opportunity
in the medical and retail sectors. So much so, that the sector is keen to tap
hospitals and QSRs in food courts in smaller towns and cities. VK Wangnoo of
Wang Professionals feels, "The growth in the kitchen equipment sector has
been noticed for the past few years now and the same would continue in the coming
years as well. It is true that the focus has been on hotels and restaurants
owing to the growth witnessed in this sector but now, there is fair demand in
the retail segment too."
In the opinion of Rishi Dayal of Constellation Projects, there is a rise in
demand in specific areas too according to the change in foodservice. "For
example," he says, "show kitchens nowadays are a hit and therefore
equipment catering to show kitchens are in demand, which is not only for standalone
fine dine but for food courts as well. On the other hand, the need for hospitals
is different and there is an additional focus on the trolleys that can take
the food from the kitchen to patients' rooms. This is a fine example of how
the focus or requirement for each segment changes with distinctive needs."
The scope becomes even more apparent with hardly any difference
in the use of equipment. Rajesh Mohta, managing director of Mohta & Co Equipment,
that supplies hospital equipment says, "There are no specific features
for hospital kitchen equipment per se. The only concern of hospitals would be
equipment material i.e. food grade, which is anyway used in the hospitality
sector."
Small towns as target market
With developmental activities in retail and hospitals catching up with the hospitality
sector in smaller towns and cities, the potential for kitchen equipment here
is not going unnoticed. According to Wangnoo, "In the future we are going
to witness kitchen equipment demand in the tier II and III cities. This is the
time for small-scale companies to promote their products in a big way. The industry
is poised to see more growth with many of international brands pitching in."
There is also a keen desire to exhibit latest products in smaller cities. EV
Venugopal, CEO of Excel Refrigeration Company, Business Associate of Mittal
International India, puts forth that it is time hospitality exhibitions are
taken to various cities like Kochi in the south where the willingness to know
and purchase technologically-sound products exists.
V Shekhar, director of Rite Equipments, opines, "The newer technology used
by foreign brands is driving the domestic market to improve on their standards.
Following this, apart from greenfield projects, demand in existing operations
is also rising as they try to catch up with newer trends. Organisations are
understanding the effectiveness of using technologically-advanced kitchen equipment,
driving the scope to even smaller locations where hospitals and retail are flourishing."
|