Global Food Service Equipment Market 2023-2027

The food service equipment market is forecasted to grow by USD 12,347.24 million during 2022-2027, accelerating at a CAGR of 6.09% during the forecast period. The report on the food service equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the shift toward energy-efficient food service equipment, growth in the food service industry, and high demand for mechanical equipment.

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	5.02%
CAGR	6.09%
Incremental Value	$12347.24mn

Technavio's food service equipment market is segmented as below:

By Distribution Channel

Offline
Online

By Product

Cooking and preparation equipment
Refrigeration equipment
Ware washing equipment
Storage and handling equipment
Others

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increasing focus on proper food storage as one of the prime reasons driving the food service equipment market growth during the next few years. Also, robust demand for automatic food service equipment and energy-efficient equipment gaining traction will lead to sizable demand in the market.

The report on the food service equipment market covers the following areas:

Food service equipment market sizing
Food service equipment market forecast
Food service equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food service equipment market vendors that include 3M Co., Ali Group Srl, Cambro Manufacturing Co., Duke Manufacturing, Electrolux Professional AB, Haier Smart Home Co. Ltd., Illinois Tool Works Inc., Koninklijke Philips NV, LG Electronics Inc., MEIKO Maschinenbau GmbH and Co. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Selecta Group BV, The Middleby Corp., and RATIONAL Group. Also, the food service equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR75857

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary €" Chart on Market Overview
Exhibit 02: Executive Summary €" Data Table on Market Overview
Exhibit 03: Executive Summary €" Chart on Global Market Characteristics
Exhibit 04: Executive Summary €" Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary €" Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary €" Chart on Market Segmentation by Product
Exhibit 07: Executive Summary €" Chart on Incremental Growth
Exhibit 08: Executive Summary €" Data Table on Incremental Growth
Exhibit 09: Executive Summary €" Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global food service equipment market 2017 - 2021
Exhibit 18: Historic Market Size €" Data Table on global food service equipment market 2017 - 2021 ($ million)
4.2 Distribution Channel Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size €" Distribution Channel Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size €" Product Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size €" Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size €" Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers €" Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers €" Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants €" Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes €" Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry €" Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2022-2027
Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
6.4 Online - Market size and forecast 2022-2027
Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ million)
Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 44: Chart on Product - Market share 2022-2027 (%)
Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 46: Chart on Comparison by Product
Exhibit 47: Data Table on Comparison by Product
7.3 Cooking and preparation equipment - Market size and forecast 2022-2027
Exhibit 48: Chart on Cooking and preparation equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Cooking and preparation equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Cooking and preparation equipment - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Cooking and preparation equipment - Year-over-year growth 2022-2027 (%)
7.4 Refrigeration equipment - Market size and forecast 2022-2027
Exhibit 52: Chart on Refrigeration equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Refrigeration equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Refrigeration equipment - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Refrigeration equipment - Year-over-year growth 2022-2027 (%)
7.5 Ware washing equipment - Market size and forecast 2022-2027
Exhibit 56: Chart on Ware washing equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Ware washing equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Ware washing equipment - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Ware washing equipment - Year-over-year growth 2022-2027 (%)
7.6 Storage and handling equipment - Market size and forecast 2022-2027
Exhibit 60: Chart on Storage and handling equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Storage and handling equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Storage and handling equipment - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Storage and handling equipment - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Product
Exhibit 68: Market opportunity by Product ($ million)
Exhibit 69: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 3M Co.
Exhibit 123: 3M Co. - Overview
Exhibit 124: 3M Co. - Business segments
Exhibit 125: 3M Co. - Key news
Exhibit 126: 3M Co. - Key offerings
Exhibit 127: 3M Co. - Segment focus
12.4 Ali Group Srl
Exhibit 128: Ali Group Srl - Overview
Exhibit 129: Ali Group Srl - Product / Service
Exhibit 130: Ali Group Srl - Key news
Exhibit 131: Ali Group Srl - Key offerings
12.5 Duke Manufacturing
Exhibit 132: Duke Manufacturing - Overview
Exhibit 133: Duke Manufacturing - Product / Service
Exhibit 134: Duke Manufacturing - Key offerings
12.6 Electrolux Professional AB
Exhibit 135: Electrolux Professional AB - Overview
Exhibit 136: Electrolux Professional AB - Business segments
Exhibit 137: Electrolux Professional AB - Key news
Exhibit 138: Electrolux Professional AB - Key offerings
Exhibit 139: Electrolux Professional AB - Segment focus
12.7 Haier Smart Home Co. Ltd.
Exhibit 140: Haier Smart Home Co. Ltd. - Overview
Exhibit 141: Haier Smart Home Co. Ltd. - Business segments
Exhibit 142: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 143: Haier Smart Home Co. Ltd. - Segment focus
12.8 Illinois Tool Works Inc.
Exhibit 144: Illinois Tool Works Inc. - Overview
Exhibit 145: Illinois Tool Works Inc. - Business segments
Exhibit 146: Illinois Tool Works Inc. - Key news
Exhibit 147: Illinois Tool Works Inc. - Key offerings
Exhibit 148: Illinois Tool Works Inc. - Segment focus
12.9 Koninklijke Philips NV
Exhibit 149: Koninklijke Philips NV - Overview
Exhibit 150: Koninklijke Philips NV - Business segments
Exhibit 151: Koninklijke Philips NV - Key news
Exhibit 152: Koninklijke Philips NV - Key offerings
Exhibit 153: Koninklijke Philips NV - Segment focus
12.10 LG Electronics Inc.
Exhibit 154: LG Electronics Inc. - Overview
Exhibit 155: LG Electronics Inc. - Product / Service
Exhibit 156: LG Electronics Inc. - Key offerings
12.11 MEIKO Maschinenbau GmbH and Co. KG
Exhibit 157: MEIKO Maschinenbau GmbH and Co. KG - Overview
Exhibit 158: MEIKO Maschinenbau GmbH and Co. KG - Product / Service
Exhibit 159: MEIKO Maschinenbau GmbH and Co. KG - Key offerings
12.12 Panasonic Holdings Corp.
Exhibit 160: Panasonic Holdings Corp. - Overview
Exhibit 161: Panasonic Holdings Corp. - Business segments
Exhibit 162: Panasonic Holdings Corp. - Key news
Exhibit 163: Panasonic Holdings Corp. - Key offerings
Exhibit 164: Panasonic Holdings Corp. - Segment focus
12.13 RATIONAL Group
Exhibit 165: RATIONAL Group - Overview
Exhibit 166: RATIONAL Group - Business segments
Exhibit 167: RATIONAL Group - Key offerings
Exhibit 168: RATIONAL Group - Segment focus
12.14 Robert Bosch GmbH
Exhibit 169: Robert Bosch GmbH - Overview
Exhibit 170: Robert Bosch GmbH - Business segments
Exhibit 171: Robert Bosch GmbH - Key news
Exhibit 172: Robert Bosch GmbH - Key offerings
Exhibit 173: Robert Bosch GmbH - Segment focus
12.15 Samsung Electronics Co. Ltd.
Exhibit 174: Samsung Electronics Co. Ltd. - Overview
Exhibit 175: Samsung Electronics Co. Ltd. - Business segments
Exhibit 176: Samsung Electronics Co. Ltd. - Key news
Exhibit 177: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 178: Samsung Electronics Co. Ltd. - Segment focus
12.16 Selecta Group BV
Exhibit 179: Selecta Group BV - Overview
Exhibit 180: Selecta Group BV - Business segments
Exhibit 181: Selecta Group BV - Key offerings
Exhibit 182: Selecta Group BV - Segment focus
12.17 The Middleby Corp.
Exhibit 183: The Middleby Corp. - Overview
Exhibit 184: The Middleby Corp. - Business segments
Exhibit 185: The Middleby Corp. - Key offerings
Exhibit 186: The Middleby Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 187: Inclusions checklist
Exhibit 188: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 189: Currency conversion rates for US$
13.4 Research methodology
Exhibit 190: Research methodology
Exhibit 191: Validation techniques employed for market sizing
Exhibit 192: Information sources
13.5 List of abbreviations
Exhibit 193: List of abbreviations