PUBLISHER: SkyQuest | PRODUCT CODE: 1871538
PUBLISHER: SkyQuest | PRODUCT CODE: 1871538
Global Used Restaurant Equipment Market size was valued at USD 5.6 billion in 2023 and is poised to grow from USD 6.22 billion in 2024 to USD 14.44 billion by 2032, growing at a CAGR of 11.1% during the forecast period (2025-2032).
The global used restaurant equipment market is experiencing significant growth driven by several factors. The surge in new restaurant openings and the increasing recognition of the advantages of pre-owned equipment are creating fresh opportunities. Culinary entrepreneurs, whether new or established, are prioritizing cost efficiency to enhance profitability, which boosts demand for used items. The market encompasses a diverse array of products, including cooking, refrigeration, food preparation, and dishwashing equipment. Additionally, the rise of ghost kitchens, food trucks, and independent restaurant startups is contributing notably to market expansion. Furthermore, the growing awareness of environmental sustainability is encouraging the adoption of high-quality refurbished equipment, helping to minimize waste in landfills and promoting eco-friendly practices within the industry.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Used Restaurant Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Used Restaurant Equipment Market Segments Analysis
Global Used Restaurant Equipment Market is segmented by Equipment Type, Refurbishment Level, Distribution Channel, End-User and region. Based on Equipment Type, the market is segmented into Kitchen Cooking Equipment, Refrigeration & Cold Storage Equipment, Warewashing & Dishwashing Equipment, Food Preparation & Beverage Equipment and Holding & Serving / Display Equipment. Based on Refurbishment Level, the market is segmented into Used / Pre-owned Equipment, Refurbished / Re-certified Equipment and Remanufactured / Upgraded Equipment. Based on Distribution Channel, the market is segmented into Online Marketplaces / Auctions, Dealers & Resellers and Direct Restaurant Liquidations. Based on End-User, the market is segmented into Full-Service Restaurants & Hotels, Quick-Service Restaurants (QSRs) & Cafes, Catering Firms & Institutional Kitchens and Small & Independent Food Operators. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Used Restaurant Equipment Market
The global foodservice sector is experiencing consistent growth with a diverse array of new establishments emerging, such as traditional restaurants, fast-food outlets, food trucks, and cloud kitchens. Each of these ventures necessitates a substantial investment in equipment to operate efficiently. The diverse needs of these burgeoning foodservice businesses are anticipated to drive continuous demand for used restaurant equipment, ensuring that sales remain robust as the industry evolves. This ongoing demand reflects the dynamic nature of the market and underscores the essential role that used equipment plays in supporting the operational requirements of new culinary enterprises worldwide.
Restraints in the Global Used Restaurant Equipment Market
The Global Used Restaurant Equipment market faces significant challenges due to concerns regarding inconsistent quality, reliability issues, and lack of warranty protections. Many businesses remain hesitant to invest in used equipment due to the potential risks associated with unanticipated breakdowns, increased maintenance expenses, and generally shorter operational lifespans. This reluctance can negatively affect revenue generation for industry players, as potential buyers weigh the benefits against potential pitfalls. As a result, the apprehension surrounding the condition and dependability of used equipment may continue to impede overall market growth and limit opportunities for expansion within the sector.
Market Trends of the Global Used Restaurant Equipment Market
The Global Used Restaurant Equipment market is witnessing a significant shift driven by the rise of cloud kitchens and budget restaurant models. As food delivery platforms gain traction, many emerging culinary ventures, including small cafes, food trucks, and home-run brands, are seeking cost-effective solutions to minimize startup expenses. This trend has led to a heightened demand for refurbished kitchen equipment, including ovens, freezers, and grills, as entrepreneurs prioritize affordability and sustainability. Consequently, the market for used restaurant equipment is projected to expand, offering operators a practical means to equip their businesses while managing financial constraints, and catering to the evolving landscape of dining experiences.