Product Code: 978-1-68038-841-1
Food Service Equipment Market Growth & Trends:
The global food service equipment market size is expected to reach USD 58.2 billion in 2030 and is projected to grow at a CAGR of 7.0% from 2025 to 2030 The increasing trade activities in the food & beverage industry, upsurge in travel & tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.
Equipment manufacturers are focusing on mergers & acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces.
The pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional Internet of Things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.
The COVID-19 pandemic and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market. Various industries such as food & beverage, travel & tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and take away from restaurants & hotels, resulting in some recovery of the food & beverage industry.
Food Service Equipment Market Report Highlights:
- The kitchen purpose equipment segment dominated the market and accounted for a revenue share of 40.6% in 2024.
- FSR (Full Service Restaurant) led the market and accounted for a revenue share of 43.4% in 2024 due to the emergence of digital dining trends
- The offline sector dominated the market and accounted for a revenue share of 68.8% in 2024, driven by the strong market capture of brick & mortar retailers across the global food service equipment industry
- The online sector is expected to grow at the fastest CAGR of 7.4% over the forecast period, aided by the major key players' increasing introduction of online retailing to customers
- Asia Pacific food service equipment market dominated the global market and accounted for the largest revenue share of 36.9% in 2024
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Research Methodology
- 1.3. Research Scope & Assumptions
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources & Third-Party Perspectives
- 1.4.4. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Food service equipment Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Business Environmental Tools Analysis: Food Service Equipment Market
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTLE Analysis
- 3.7. Economic Mega-Trend Analysis
Chapter 4. Food Service Equipment Market: Product Estimates & Trend Analysis
- 4.1. Food Service Equipment Market: Product Movement Analysis, 2023 & 2030
- 4.2. Kitchen Purpose Equipment
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2. Cooking Equipment
- 4.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2.2. Grills
- 4.2.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2.3. Fryers
- 4.2.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2.4. Ovens
- 4.2.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2.5. Toasters
- 4.2.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.2.6. Others
- 4.2.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3. Food & Beverage Preparation Equipment
- 4.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.2. Slicers & Peelers
- 4.2.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.3. Mixers & Grinders
- 4.2.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.4. Blenders
- 4.2.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.5. Juicers
- 4.2.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.6. Ice Crushers
- 4.2.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.3.7. Others
- 4.2.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Refrigeration Equipment
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Ware Washing Equipment
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Food Holding & Storing Equipment
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.6. Others
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Food service equipment Market: End-use Estimates & Trend Analysis
- 5.1. Food service equipment Market: End-use Movement Analysis, 2023 & 2030
- 5.2. Full Service Restaurant (FSR)
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Quick Service Restaurant (QSR)
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Institutional
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Food service equipment Market: Sales Channel Estimates & Trend Analysis
- 6.1. Food service equipment Market: Sales Channel Movement Analysis, 2023 & 2030
- 6.2. Online
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Offline
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Food service equipment Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. Food service equipment Market: Regional movement analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.3.4. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.3.5. U.S.
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.3.5.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.3.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.3.6. Canada
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.3.6.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.3.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.3.7. Mexico
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.7.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.3.7.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.3.7.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4. Europe
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.4. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4.5. Germany
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.5.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4.6. UK
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.6.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4.7. France
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.7.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.7.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4.8. Italy
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.8.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.8.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.4.9. Spain
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.9.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.4.9.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.4.9.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.4. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5.5. China
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.5.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.5.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5.6. India
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.6.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.6.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5.7. Japan
- 7.5.7.1. Key country dynamics
- 7.5.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.7.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.7.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.7.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5.8. Australia
- 7.5.8.1. Key country dynamics
- 7.5.8.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.8.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.8.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.8.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.5.9. South Korea
- 7.5.9.1. Key country dynamics
- 7.5.9.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.9.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.5.9.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.5.9.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.6.4. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.6.5. Brazil
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.5.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.6.5.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.6.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.6.6. Argentina
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.6.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.6.6.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.6.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.2. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.7.3. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.7.4. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.7.5. Saudi Arabia
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.5.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.7.5.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.7.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
- 7.7.6. South Africa
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.6.3. Market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- 7.7.6.4. Market estimates and forecasts by end-use, 2018 - 2030 (USD Billion)
- 7.7.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. AB Electrolux
- 8.6.1.1. Company overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Strategic initiatives
- 8.6.2. Ali Group S.r.L., a Socio Unico
- 8.6.2.1. Company overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Strategic initiatives
- 8.6.3. Dover Corporation
- 8.6.3.1. Company overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Strategic initiatives
- 8.6.4. Blue Star Limited
- 8.6.4.1. Company overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Strategic initiatives
- 8.6.5. Duke Manufacturing
- 8.6.5.1. Company overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Strategic initiatives
- 8.6.6. Fujimak Corporation
- 8.6.6.1. Company overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Strategic initiatives
- 8.6.7. Haier Group
- 8.6.7.1. Company overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Strategic initiatives
- 8.6.8. Hoshizaki Corporation
- 8.6.8.1. Company overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Strategic initiatives
- 8.6.9. Illinois Tool Works Inc.
- 8.6.9.1. Company overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Strategic initiatives
- 8.6.10. Rancilio Group
- 8.6.10.1. Company overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Strategic initiatives
- 8.6.11. Smeg S.p.A
- 8.6.11.1. Company overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Strategic initiatives
- 8.6.12. The Middleby Corporation
- 8.6.12.1. Company overview
- 8.6.12.2. Financial performance
- 8.6.12.3. Product benchmarking
- 8.6.12.4. Strategic initiatives
- 8.6.13. The Vollrath Company, Llc
- 8.6.13.1. Company overview
- 8.6.13.2. Financial performance
- 8.6.13.3. Product benchmarking
- 8.6.13.4. Strategic initiatives
- 8.6.14. Traulsen
- 8.6.14.1. Company overview
- 8.6.14.2. Financial performance
- 8.6.14.3. Product benchmarking
- 8.6.14.4. Strategic initiatives