Food Service Equipment Market

Food Service Equipment Market Size

Product overview

Food Service Equipment Market size & share are estimated to reach USD 45.7 billion by 2030, growing at a CAGR of 6.80% during the forecast period 2020-2030.

Food Service Equipment is the equipment used for the storage and preparation of products for commercial usage. Cooking equipment, ware washing equipment, handling, and storage equipment, food, and beverage equipment, and serving equipment are included in the foodservice equipment market, which is used in hotels, restaurants, and other commercial industries.

Market Highlights

Food Service Equipment Market is expected to project a CAGR of 6.80% during the forecast period, 2020-2030

High-end technologies demand along with the expansion of the food industry is increasing the demand for the foodservice equipment market. Increased population with rising disposable income and their changing lifestyle also increase the market growth. 

Global Food Service Equipment Market: Segments

By Product

It can be further categorized as cooking equipment storage and handling equipment, ware washing equipment, food, and beverage preparation equipment, and serving equipment.

By End-use

It can be sub-segmented into full-service restaurants and hotels, quick-service restaurants and pubs, and catering. The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.

Market Dynamics

Drivers

Increase in the foodservice sector to propel the market growth

The increase in the growth of foodservice sectors globally and rising processed food consumption as well as the need for quick-service restaurants to drive the market growth. The foodservice equipment manufacturers aim to focus on the long-term cost-effective services that can be provided to improve food quality.

Global Food Service Equipment Market: Regions

APAC region is predicted to register the highest growth in the market due to the high standard of living of people in developing countries such as India, China, Japan, and the growth of hotels and restaurant businesses. An increased population is also a driving factor in the growth of the market in APAC. Ware washing has increased preference in MENA due to the changing consumer spending patterns and rapid urbanization.

Global Food Service Equipment Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – the United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Food Service Equipment Market: Key players

• Duke Manufacturing Co. Inc

Business Strategy, Key Product offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis, Alto-Shaam, Inc.

• Cambro Manufacturing Co. Inc.
• Castle Stove
• Dover Corporation
• Electrolux
• Illinois Tool Works Inc.
• Ali S.p.A
• Middleby Corporation
• Welbilt, Inc.

The global Food Service Equipment Market report also contains an analysis on:

Food Service Equipment Market segment

• By Product
  • Cooking Equipment
  • Storage and Handling Equipment
  • Ware washing Equipment
  • Food and Beverage Preparation Equipment
  • Serving Equipment 
• By End-use
  • Full-service Restaurants and Hotels
  • Quick-service Restaurants and Pubs
  • Caterings

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