PUBLISHER: IMARC | PRODUCT CODE: 1390514
PUBLISHER: IMARC | PRODUCT CODE: 1390514
Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global food service equipment market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.33% during 2022-2028. The rising utilization of multifunctioning, time-efficient, and cost-effective cooking equipment; increasing demand in restaurants, hotels, and bars; and the growing number of catering businesses and cloud kitchens offering flavorful dishes represent some of the key factors driving the market.
Food service equipment refers to a wide variety of tools, utensils, machines, and storage units utilized for storing, preparing, and serving food items. It comprises various tableware and cutlery items, such as plates, cups, bowls, colanders, glasses, woks, pots, pans, ladles, spoons, forks, knives, and whisks, which are utilized for preparing different dishes and presenting them in commercial eateries. It also consists of a wide variety of tools and machines, such as microwaves, deep fryers, gas stoves, ovens, mixers and grinders, blenders, juicers, steamers, and boilers, to cook food properly at different heat settings. Food service equipment includes cleaning and washing and garbage disposal setups like pot washing units, drain boards, drainage pipes, sinks, dishwashing machines, wash nozzles, garbage bins, and incinerators to dispose waste materials and keep the kitchen area clean properly. It also helps store and increase the shelf life of various perishable items in massive storage units integrated with efficient temperature control and insulation. Furthermore, it assists in maintaining proper airflow in the cooking area and keeping it odor and grease free.
Food Service Equipment Market Trends:
At present, the increasing demand for food service equipment in various hotels, restaurants, and bars to prepare food and serve it to customers efficiently represents one of the key factors supporting the market growth. Besides this, the rising utilization of multifunctioning, time-efficient, and cost-effective cooking equipment to prepare numerous dishes is propelling the growth of the market. Additionally, the growing number of catering businesses and cloud kitchens offering flavorful dishes at affordable prices is offering a favorable market outlook. Apart from this, the rising demand for eco-friendly and energy-efficient electronic appliances in the food and beverage (F&B) industry due to the increasing environmental awareness among the masses is contributing to the growth of the market. In addition, key market players are manufacturing technologically advanced food service equipment with enhanced functionalities that are supported by artificial intelligence (AI) and the internet of things (IoT). Moreover, the increasing preferences of food outlet owners to maintain food safety and follow proper sanitization protocols are bolstering the market growth. Furthermore, the rising utilization of cloud connectivity by restaurant businesses to construct efficient smart kitchens is strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food service equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end use.
Product Type Insights:
Cooking Equipment
Storage and Handling Equipment
Warewashing Equipment
Food and Beverage Preparation Equipment
Serving Equipment
The report has provided a detailed breakup and analysis of the food service equipment market based on the product type. This includes cooking equipment, storage and handling equipment, warewashing equipment, food and beverage preparation equipment, and serving equipment. According to the report, cooking equipment represented the largest segment.
Distribution Channel Insights:
Online
Offline
A detailed breakup and analysis of the food service equipment market based on the distribution channel has also been provided in the report. This includes online and offline. According to the report, offline accounted for the largest market share.
End Use Insights:
Full-service Restaurants and Hotels
Quick-service Restaurants and Pubs
Catering
A detailed breakup and analysis of the food service equipment market based on the end use has also been provided in the report. This includes full-service restaurants and hotels, quick-service restaurants and pubs, and catering. According to the report, full-service restaurants and hotels accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for food service equipment. Some of the factors driving the North America food service equipment market included the growing number of eateries, increasing demand for modern refrigeration technology, rising utilization of innovative commercial ovens, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global food service equipment market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have also been provided. Some of the companies covered include AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation, Welbilt, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global food service equipment market in 2022?
- 2. What is the expected growth rate of the global food service equipment market during 2023-2028?
- 3. What are the key factors driving the global food service equipment market?
- 4. What has been the impact of COVID-19 on the global food service equipment market?
- 5. What is the breakup of the global food service equipment market based on the product type?
- 6. What is the breakup of the global food service equipment market based on the distribution channel?
- 7. What is the breakup of the global food service equipment market based on end use?
- 8. What are the key regions in the global food service equipment market?
- 9. Who are the key players/companies in the global food service equipment market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Food Service Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Cooking Equipment
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Storage and Handling Equipment
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Warewashing Equipment
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Food and Beverage Preparation Equipment
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Serving Equipment
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Full-service Restaurants and Hotels
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Quick-service Restaurants and Pubs
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Catering
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB Electrolux
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Ali group s.r.l. a socio unico
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Alto-Shaam Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cambro Manufacturing
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Comstock-Castle Stove Co. Inc
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Dover Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Duke Manufacturing
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Illinois Tool Works Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 The Middleby Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Welbilt
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 AB Electrolux
List of Figures
- Figure 1: Global: Food Service Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Food Service Equipment Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Food Service Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Food Service Equipment Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Food Service Equipment Market: Breakup by Distribution Channel (in %), 2022
- Figure 6: Global: Food Service Equipment Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Food Service Equipment Market: Breakup by Region (in %), 2022
- Figure 8: Global: Food Service Equipment (Cooking Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Food Service Equipment (Cooking Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Food Service Equipment (Storage and Handling Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Food Service Equipment (Storage and Handling Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Food Service Equipment (Warewashing Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Food Service Equipment (Warewashing Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Food Service Equipment (Food and Beverage Preparation Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Food Service Equipment (Food and Beverage Preparation Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Food Service Equipment (Serving Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Food Service Equipment (Serving Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Food Service Equipment (Online) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Food Service Equipment (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Food Service Equipment (Offline) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Food Service Equipment (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Food Service Equipment (Full-service Restaurants and Hotels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Food Service Equipment (Full-service Restaurants and Hotels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Food Service Equipment (Quick-service Restaurants and Pubs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Food Service Equipment (Quick-service Restaurants and Pubs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Food Service Equipment (Catering) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Food Service Equipment (Catering) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Food Service Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Food Service Equipment Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Food Service Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Food Service Equipment Industry: SWOT Analysis
- Figure 78: Global: Food Service Equipment Industry: Value Chain Analysis
- Figure 79: Global: Food Service Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Food Service Equipment Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Food Service Equipment Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Food Service Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: Global: Food Service Equipment Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 5: Global: Food Service Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Food Service Equipment Market: Competitive Structure
- Table 7: Global: Food Service Equipment Market: Key Players
