Global Catering Equipment Market Report and Forecast 2024-2032

Global Catering Equipment Market Size

The global catering equipment market is projected to grow by 5.40% between 2024 and 2032.

Catering Equipment Market Outlook

• The California Restaurant Association emphasizes restaurants' economic role in the Far West, creating jobs and advancing careers across 83,501 establishments.

• The National Restaurant Association predicts the food service industry will achieve $1 trillion in sales by 2024, stimulating the market's demand.

• The USDA reports Australia has 65,866 independent and chain restaurants, providing a diverse consumer foodservice landscape.

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Catering Equipment Market Growth Rate

Catering equipment is crucial for the efficient and effective preparation, cooking, and serving of food in various settings, from large-scale events to intimate gatherings. The catering equipment market has been driven by its use in weddings, gatherings, full-service restaurants and hotels, and others. The use of catering equipment streamlines the process of managing food for events, ensuring operational efficiency, safety, and quality from preparation through to service.

By utilizing this equipment, catering teams deliver high-quality food and service at weddings, ensuring that all culinary aspects of the event are handled professionally, efficiently, and safely. The US marriage rate increased to 6.0 per 1,000 in 2021, up from 5.1 per 1,000 in 2020, consequently driving higher demand in the catering equipment market.

Key Trends and Developments

Rapid developments in restaurant chains and hotels, rising demand for premium dining accessories, increasing modularity, and innovative catering equipment are the major trends impacting global catering equipment market growth.

February 2, 2024

Bristol's Nisbets plans to launch a modular kitchen range with 8,500 items in 2024. They will broaden their range, focusing on in-house brands like Polar, Buffalo, Olympia, Vogue, Bolero, Fiesta and Hygiplas.

November 1, 2023

Rational is set to unveil a novel appliance category promising unparalleled cooking speed and food quality. Developed to complement its current offerings, it caters to the specific needs of targeted businesses.

August 2, 2023

Toast, a restaurant-focused technology platform, has introduced Toast Catering & Events, integrated with its POS system. This new product aids restaurants in handling sizable catering orders and event planning efficiently.

March 24, 2023

Orange Spectrum provider of catering equipment unveiled its extensive food catering services in India. The company now offers hotel kitchen equipment supplies, hotel kitchen setup, crockery storage solutions, and catering equipment specifically in Ahmedabad.

Increasing modularity

Increasing demand for compact kitchens drives the popularity of modular, space-saving catering equipment like stackable appliances and multifunctional stations, maximizing efficiency and scalability in commercial kitchens.

Rapid development in restaurant chains and hotels

Restaurants and hotels expand their operations and investments creating a need for additional modern and efficient catering equipment to support increased food production, storage, and service capacities while enhancing productivity and streamlining operations.

Innovative catering equipments

The advancements in catering equipment often integrate smart technologies and automation features that streamline operational processes empowering businesses to operate more efficiently.

Rising demand for premium dining accessories

There is a growing demand for high-quality and aesthetically pleasing tableware, glassware, and serving utensils leading to necessitating investments in high-quality equipment to meet elevating consumer preferences.

Catering Equipment Market Trends

The growing developments in restaurant chains and hotels drive demand for modern, efficient equipment, enhancing productivity and scalability while creating a demand for modular catering equipment that meets the demand for compact kitchens, with stackable appliances and multifunctional stations optimizing space and efficiency.

Catering equipment manufacturers prioritize energy efficiency and eco-friendliness, utilizing energy-efficient cooking appliances, waste reduction tech, and sustainable materials. This focus aims to minimize environmental impact while lowering operating costs, aligning with sustainability goals in the food service industry.

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Catering Equipment Industry Segmentation

“Catering Equipment Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Food Handling Equipment
  • Food Containers
  • Food Conveyors
  • Cabinets
  • Trolleys
  • Others
• Cleaning Equipment

• Catering Accessories

• Others

Market Breakup by End Use

• Full-Service Restaurants and Hotels

• Quick-Service Restaurants

• Caterers

• Others

Market Breakup by Distribution Channels

• Offline

• Online

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Catering Equipment Market Share

Food handling equipment is widely used as it plays a fundamental role in maintaining food safety, operational efficiency, and customer satisfaction in catering and food service businesses.

It ensures food safety by meeting hygiene standards, enhancing efficiency in preparation and storage, and aiding compliance with regulations. It preserves food quality, boosts customer satisfaction, and offers versatility for various operations while providing streamlined workflows to maintain freshness.

The rapid expansion of quick-service restaurants and high-end restaurant chains is significantly contributing to the catering equipment market growth.

The expansion of catering services can be linked to the advancement in living standards and fast urbanization, particularly in emerging economies. The market is expected to experience growth in the forecast period due to a surge in the demand for visually appealing catering equipment for family gatherings and festive occasions. This trend is driving the popularity of innovative catering accessories crafted from materials like ceramics.

The increasing dine-out activities in hotels, pubs, bars, and restaurants are driving the demand for catering equipment, further fueling the market growth. Moreover, the market is likely to benefit from the increasing accessibility of high-quality catering equipment through online platforms.

Leading Manufacturers in the Catering Equipment Market

The company designs, manufactures, and provides food service equipment such as commercial and industrial kitchen equipment for commercial kitchens, bakeries, delis, and grocery stores around the globe.

ITW Food Equipment Group: Founded in 1912, with its headquarters in the United States, ITW Food Equipment Group provides its products to commercial kitchens, bakeries, delis, and grocery stores around the globe.

Welbilt, Inc.: Founded in 1864, with its headquarters in the United States, Welbilt, Inc. designs, manufactures, and provides food service equipment for the global commercial food service market.

RATIONAL Aktiengesellschaft: Founded in 1973, with its headquarters in Germany, Rational AG, specializes in the production and sale of commercial and industrial kitchen equipment designed for thermal food preparation.

Lincat Limited: Founded in 1971, with its headquarters in the United Kingdom, Lincat stands as a premier global provider of commercial catering equipment, renowned for its comprehensive range of products catering to cooking, holding, and display needs.

Other global catering equipment market key players are Winterhalter Gastronom GmbH, Hoshizaki Corporation, Jestic Limited, MEIKO Maschinenbau GmbH & Co KG, Sammic S.L., and Maxima - Spangenberg International B.V., among others.

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Catering Equipment Market Analysis by Region

The market in the Asia Pacific is being propelled by the swift expansion of restaurant chains and hotels in the region. This growth is due to significant investments in enhancing infrastructure within the hospitality sector, driven by a robust economy, increasing population, and rising disposable incomes. Catering accessories such as holding cabinets, chafing dishes, food pan carriers, catering carts, hot/cold beverage bins, and insulated beverage carriers, among others, are utilised extensively in the food and hospitality industry.

Additionally, the increasing adoption of catering equipment by street food stalls, snack vans, and roadside food shops in the region is expected to further support market growth during the forecast period.

Key Highlights of the Report

Catering Equipment Market Report Snapshots

Catering Equipment Market Size

Catering Equipment Market Growth

Catering Equipment Market Trends

Catering Equipment Market Share

Catering Equipment Manufacturers

Catering Equipment Market Regional Analysis