Published in its outlook survey, it found that nearly 80% of businesses are expected to grow this year.
Adam Lawrence, marketing manager of CESA said: “Brexit looms large over the answers. It’s causing business uncertainty and weakening the economy.
“However, the survey underlines that the foodservice equipment industry is tackling the challenges through a variety of innovations, such as developing new products and technologies, exploring new markets and investigating new ways to reach their established customer bases.”
According to the latest CESA business survey most companies reported a sales increase in comparison to the previous 12 months. The most important drivers for growth over the next 12 months are predicted to be increased sales with new and existing customers and product innovation.
Of the respondents, 39% were UK manufacturers, 39% were distributors of products manufactured outside of the UK, 8% were service companies and the remainder included businesses such as equipment resellers.
CESA Outlook is available to download for free from the CESA News page at cesa.org.uk.