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Global Food Service Equipment Market Size, Share, Analysis: By Product: Cooking Equipment, Storage and Handling Equipment, Warewashing Equipment, Food and Beverage Preparation Equipment, Serving Equipment; By End Use: Full-Service Restaurant and Hotel, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Food Service Equipment Market Size
The global food service equipment market reached USD 35.90 billion in 2023. The market is expected to grow at a CAGR of 5.7% between 2024 and 2032, reaching almost USD 59.13 million by 2032.
Key Takeaways:
- The National Restaurant Association forecasts the US food service sector to reach $1 trillion in sales by 2024, leading to increased global food service equipment market growth.
- Eurostat's 2020 report stated that 2,91,000 EU businesses processed food, employing 4.6 million, adding €227 billion, enhancing the global food service equipment market.
- Food service equipment includes diverse tools for storing, cooking, and serving food in commercial settings, including tableware and essential appliances.
Food service equipment encompasses a wide array of tools and machinery utilized for storing, preparing, and serving food in commercial establishments. This includes tableware like plates, cups, bowls, and cutlery, essential for presenting dishes. Additionally, it consists of various appliances such as microwaves, fryers, stoves, ovens, mixers, blenders, and steamers, each crucial for cooking at precise temperatures.
Cleaning setups such as dishwashers and garbage disposal units are also part of this equipment, ensuring cleanliness and waste management. Moreover, large storage units with efficient temperature controls help store perishable items, while maintaining proper airflow and cleanliness in the kitchen.
According to the National Restaurant Association in the USA, the food service industry is forecasted to reach $1 trillion in sales by 2024. Restaurants are actively hiring, with an expected rise of 200,000 jobs, increasing total industry employment to 15.7 million by the end of 2024. 45% of operators are looking to hire more staff to meet customer needs, thus contributing to the global food service equipment market growth.
Food Service Equipment Market Report Snapshots
Food Service Equipment Market Size
Food Service Equipment Market Trends
Food Service Equipment Market Regional Analysis
Food Service Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Food Service Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Food Service Equipment Historical Market (2018-2023)
8.3 Global Food Service Equipment Market Forecast (2024-2032)
8.4 Global Food Service Equipment Market by Product
8.4.1 Cooking Equipment
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.2.1 Grills
8.4.1.2.2 Fryers
8.4.1.2.3 Ovens
8.4.1.2.4 Cooking and Bakery Utensils
8.4.2 Storage and Handling Equipment
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.2.1 Refrigeration
8.4.2.2.2 Food bags and containers
8.4.2.2.3 Food Warmers
8.4.3 Warewashing Equipment
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.2.1 Utensil Washers
8.4.3.2.2 Dishwashers
8.4.3.2.3 Booster Heaters
8.4.3.2.4 Others
8.4.4 Food and Beverage Preparation Equipment
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.4.2.1 Slicers
8.4.4.2.2 Peelers
8.4.4.2.3 Mixers, Blenders, and Grinders
8.4.4.2.4 Food Processors and Juicers
8.4.4.2.5 Food Preparation Tools
8.4.5 Serving Equipment
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.5.2.1 Dinnerware
8.4.5.2.2 Glassware
8.5 Global Food Service Equipment Market by End Use
8.5.1 Full-Service Restaurant and Hotel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Quick Service Restaurant and Pub
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Catering
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Food Service Equipment Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Food Service Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Food Service Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Food Service Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Food Service Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Food Service Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ali Group S.R.L.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Alto-Shaam, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cambro Manufacturing
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Duke Manufacturing
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Comstock-Castle Stove Co. Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Falcon Food Service Equipment (AFE Group Ltd)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Bartscher GmbH
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sammic S.L.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Fagor Industrial, S.Coop
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Irinox S.p.A
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Food Service Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Food Service Equipment Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Food Service Equipment Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Food Service Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Food Service Equipment Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Food Service Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Food Service Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Food Service Equipment Market Structure
Key Questions Answered in the Report
The market was valued at USD 35.90 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The revenue generated from the food service equipment market is expected to reach USD 59.13 billion in 2032.
The food service equipment market grows with energy-efficient electronics, the food and beverage sector, technological advancements, and time-saving features.
The food service equipment market is categorised according to its product, which includes cooking equipment, storage, and handling equipment, warewashing equipment, food and beverage preparation equipment and serving equipment.
The major players in the market are Ali Group S.R.L, Alto-Shaam, Inc, Cambro Manufacturing, Duke Manufacturing, Comstock-Castle Stove Co. Inc., Falcon Food Service Equipment (AFE Group Ltd), Bartscher GmbH, Sammic S.L., Fagor Industrial, S.Coop, and Irinox S.p.A among others.
Based on the end use, the food service equipment market is divided into full-service restaurants and hotels, quick-service restaurants and pub and catering.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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