PUBLISHER: Grand View Research | PRODUCT CODE: 1751305
PUBLISHER: Grand View Research | PRODUCT CODE: 1751305
The North America food service equipment market size is anticipated to reach USD 12,767.0 million by 2030 and is projected to grow at a CAGR of 3.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Shifting food consumption habits, rising demand for takeout services, and the growth of the hospitality sector are key drivers of the North American food service equipment industry. Furthermore, rising investments in digital kitchen technologies, growing emphasis on energy-efficient and eco-friendly equipment, and stricter food safety and hygiene regulations are expected to create strong growth opportunities for equipment manufacturers and service providers across the region.
The growing preference for Quick Service Restaurants (QSRs) is a key driver for the expansion of the North American foodservice equipment industry. As consumers continue to prioritize speed, convenience, and affordability, QSRs have become increasingly popular. With the rise of busy lifestyles and a demand for fast yet quality dining options, QSRs are seeing a surge in foot traffic, prompting the need for advanced equipment to manage high volumes and deliver quick service without compromising on quality. For example, automated cooking equipment like high-capacity fryers, griddles, and fast food ovens are becoming essential in QSR kitchens to ensure quick turnaround times and meet the growing demand for fast food.
The hotel industry across North America, including Mexico, the U.S., and Canada, is poised for steady growth of approximately 2% in 2025, driven by factors such as the dominance of urban markets, rising travel demand, and upcoming global events. This growth is significantly impacting the demand for foodservice equipment, as hotels look to elevate their food & beverage offerings to meet the evolving expectations of guests. Many hotels are expanding their services by adding in-house restaurants, cafes, and bars to cater not only to guests but also to the local community. This shift toward more diverse and elevated dining experiences is spurring the need for specialized foodservice equipment such as commercial ovens, grills, induction cookers, and refrigeration systems.
The rising demand for advanced refrigeration systems is creating significant opportunities for growth in the North American foodservice equipment industry. As the foodservice industry becomes more focused on food safety, sustainability, and energy efficiency, businesses are increasingly seeking refrigeration solutions that not only preserve food at optimal temperatures but also reduce energy consumption. For example, energy-efficient refrigerators and freezers that incorporate variable-speed compressors and smart temperature control are gaining popularity among restaurants, grocery stores, and hotels. These systems help reduce electricity costs while maintaining consistent temperature levels, directly contributing to lower operational expenses and longer shelf life for perishable goods.