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Global Food Service Equipment Market: By Product: Cooking Equipment, Storage and Handling Equipment, Warewashing Equipment, Food and Beverage Preparation Equipment, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Food Service Equipment Market Outlook
The global food service equipment market attained a value of about USD 30.4 billion in 2020. The market is further expected to grow at a CAGR of 5.7% during the forecast period of 2023-2028 to reach USD 42.40 billion by 2026.
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Surge in the Working Population is Bolstering the Food Service Equipment Industry Growth
The food service equipment industry is being driven by the rising trends of outdoor and take-away dining. As the trend can be attributed to the growing working population and home-cooked meals, the demand for swift delivery of food products in restaurants and eating outlets is surging, thus increasing the demand for food service equipment. With rapidly booming industrial growth, the income levels of the working population are rising with a simultaneous increase in spending capacity, which is leading to a surge in dining in hotels, full-service restaurants, and pubs, among others, therefore aiding the growth of the food service equipment industry. In addition, the growing willingness of people to spend on household kitchen equipment like fryers, ovens, and dishwashers, which reduce time and manual labour, is further adding to the industry growth. Moreover, the emergence of casual dining in quick service restaurants, especially among the teenage and young population, is augmenting the market growth. The rising trend of consumption of finger and fast foods due to the hectic and busy lifestyles of the millennial and Gen-Z population is further surging the demand for food service equipment, hence driving the market for food service equipment.
Food Service Equipment: Market Segmentation
Food service equipment are pieces of equipment used in the food and beverage industry for storage and preparation purposes. They are deployed in restaurants and commercial kitchens and also find extensive use in household kitchens. These equipment aid in the cooking, storage, and handling of food items efficiently and add to the productivity of the user.
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Based on product, the market can be segmented into:
- Cooking Equipment
- Grills
- Fryers
- Ovens
- Cooking and Bakery Utensils
- Storage and Handling Equipment
- Refrigeration
- Food Bags and Containers
- Food Warmers
- Ware Washing Equipment
- Utensil Washers
- Dishwashers
- Booster Heaters
- Others
- Food and Beverage Preparation Equipment
- Slicers
- Peelers
- Mixers, Blenders, and Grinders
- Food Processors and Juicers
- Food Preparation Tools
- Serving Equipment
- Dinnerware
- Glassware
On the basis of end use, the market can be broadly categorised into:
- Full-Service Restaurant and Hotel
- Quick Service Restaurant and Pub
- Catering
The EMR report looks into the regional markets of food service equipment like North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.
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Integration of the Internet of Things (IoT) and Sensor Technology in Food Service Equipment to Accelerate the Market Growth
The food service equipment industry is projected to witness a robust growth in the forecast period owing to the integration of technologies such as machine learning and artificial intelligence (AI) in food service equipment to develop smart equipment that can reduce labour and food waste and optimise kitchen storage. Moreover, the rising deployment of the Internet of things (IoT) in foodservice equipment like refrigerators, freezers, ovens, and cooktops with integrated sensors to monitor temperature, humidity and voltage in full-service restaurants and hotels is estimated to fuel the industry growth. In addition, extensive applications of the IoT in ventilation systems to monitor fire hazards and fryers that can change their own oil is estimated to aid the market growth. Further, the deployment of the latest technologies in ovens and refrigerators is further anticipated to provide growth opportunities to the market. The rising technological advancements anticipated to be integrated with various kitchen equipment like dishwashers are also projected to aid the market growth. Hence, the integration of technology in food service equipment is anticipated to drive the industry growth in the coming years.
Key Industry Players in the Global Food Service Equipment Market
The report presents a detailed analysis of the following key players in the global food service equipment market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Ali Group S.R.L. a Socio Unico
- Alto-Shaam, Inc
- Cambro Manufacturing Company Inc
- Duke Manufacturing Co.
- Comstock-Castle Stove Co. Inc.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, End Use, Region |
| Breakup by Product | Cooking Equipment, Storage and Handling Equipment, Warewashing Equipment, Food and Beverage Preparation Equipment, Serving Equipment |
| Breakup by End Use | Full-Service Restaurant and Hotel, Quick Service Restaurant and Pub, Catering |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ali Group S.R.L. a Socio Unico, Alto-Shaam, Inc, Cambro Manufacturing Company Inc, Duke Manufacturing Co., Comstock-Castle Stove Co. Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 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 (2018-2022)
8.3 Global Food Service Equipment Market Forecast (2023-2028)
8.4 Global Food Service Equipment Market by Product
8.4.1 Cooking Equipment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.3.1 Grills
8.4.1.3.2 Fryers
8.4.1.3.3 Ovens
8.4.1.3.4 Cooking and Bakery Utensils
8.4.2 Storage and Handling Equipment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.3.1 Refrigeration
8.4.2.3.2 Food bags and containers
8.4.2.3.3 Food Warmers
8.4.3 Warewashing Equipment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.3.3.1 Utensil Washers
8.4.3.3.2 Dishwashers
8.4.3.3.3 Booster Heaters
8.4.3.3.4 Others
8.4.4 Food and Beverage Preparation Equipment
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.4.3.1 Slicers
8.4.4.3.2 Peelers
8.4.4.3.3 Mixers, Blenders, and Grinders
8.4.4.3.4 Food Processors and Juicers
8.4.4.3.5 Food Preparation Tools
8.4.5 Serving Equipment
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.5.3.1 Dinnerware
8.4.5.3.2 Glassware
8.5 Global Food Service Equipment Market by End Use
8.5.1 Full-Service Restaurant and Hotel
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Quick Service Restaurant and Pub
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Catering
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Food Service Equipment Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Food Service Equipment Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Food Service Equipment Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Food Service Equipment Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Food Service Equipment Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Food Service Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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. a Socio Unico
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 Company Inc
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 Co.
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 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 2028
2. Global Food Service Equipment Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Food Service Equipment Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Food Service Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Food Service Equipment Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Food Service Equipment Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Food Service Equipment Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Food Service Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Food Service Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Food Service Equipment Market Structure
Key Questions Answered in the Report
The food service equipment market attained a value of nearly USD 30.4 billion in 2020.
The market is projected to grow at a CAGR of 5.7% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 42.40 billion by 2026.
The industry is being driven by the rising working-class population and the robust growth of quick service restaurants.
The integration of technology like internet of things (IoT) to reduce labour and boost productivity is anticipated to drive the market growth in the forecast period.
The major regional markets for food service equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading products in the industry are cooking equipment, storage and handling equipment, ware washing equipment, food and beverage preparation equipment, and serving equipment.
The significant end uses of food service equipment are full-service restaurant and hotel, quick service restaurant and pub, and catering.
The major players in the industry are Ali Group S.R.L a Socio Unico, Alto-Shaam, Inc, Cambro Manufacturing Company Inc, Duke Manufacturing Co., and Comstock-Castle Stove Co. Inc., among others.
Analyst Review
The global food service equipment market attained a value of about USD 30.4 billion, driven by the rapid emergence of quick service restaurants. Aided by technological integration to optimise productivity, the market is expected to grow at a CAGR of 5.7% in the forecast period of 2023-2028 to reach USD 42.40 billion by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of product, the market can be divided into cooking equipment, storage and handling equipment, ware washing equipment, food and beverage preparation equipment, and serving equipment. Based on end use, the market can be broadly categorised into full-service restaurant and hotel, quick service restaurant and pub, and catering. The major regional markets for food service equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Ali Group S.R.L a Socio Unico, Alto-Shaam, Inc, Cambro Manufacturing Company Inc, Duke Manufacturing Co., and Comstock-Castle Stove Co. Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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