Product Code: 978-1-68038-841-1
Food Service Equipment Market Growth & Trends:
The global food service equipment market size is estimated to reach USD 57.31 billion by 2030, registering an estimated CAGR of 6.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. 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 Asia Pacific region is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.9% from 2022 to 2030
- In terms of product, the kitchen purpose equipment segment dominated the market with a revenue share of over 38.3% of the overall market in 2021
- Expanding at a CAGR of around 5.5% from 2022 to 2030, the Full Service Restaurant (FSR) end-user segment is estimated to dominate the food service equipment industry over the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Purchased database
- 1.3.2 GVR's Internal database
- 1.3.3 Secondary sources & third party perspective
- 1.3.4 Primary research
- 1.4 Information Analysis
- 1.4.1 Data analysis models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Introduction
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.2 Market restraint/challenges analysis
- 3.3.3 Industry opportunities
- 3.4 Penetration & Growth Prospect Mapping
- 3.5 Business Environment Analysis Tools
- 3.5.1 Porter's five forces analysis
- 3.5.2 PEST analysis
Chapter 4 Product Estimates and Trend Analysis
- 4.1 Market Size Estimates & Forecasts and Trend Analysis, 2017 - 2030 (USD Billion)
- 4.2 Product Movement Analysis & Market Share, 2021 & 2030
- 4.3 Kitchen Purpose Equipment
- 4.3.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.3.2 Cooking equipment
- 4.3.2.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.3.3 Food & beverage preperation equipment
- 4.3.3.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.4 Refrigeration Equipment
- 4.4.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.5 Ware Washing Equipment
- 4.5.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.6 Food Holding & Storing Equipment
- 4.6.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.7 Others
- 4.7.1 market size estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 5 End-user Estimates and Trend Analysis
- 5.1 Market Size Estimates & Forecasts and Trend Analysis, 2017 - 2030 (USD Billion)
- 5.2 Product Movement Analysis & Market Share, 2021 & 2030
- 5.3 Full Service Restaurant (FSR)
- 5.3.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.4 Quick Service Restaurant (QSR)
- 5.4.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.5 Institutional
- 5.5.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.6 Others
- 5.6.1 Market size estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 6 Regional Estimates & Trend Analysis
- 6.1 Food Service Equipment Barket by Region, 2021 & 2030
- 6.2 Regional Movement Analysis & Market Share, 2021 & 2030
- 6.3 North America
- 6.3.1 North America food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.3.1.1. North America kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.3.2 North America food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.3.3 U.S.
- 6.3.3.1 U.S. food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.3.3.1.1 U.S. kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.3.3.2 U.S. food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.3.4 Canada
- 6.3.4.1 Canada food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.3.4.1.1 Canada kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.3.4.2 Canada food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.4 Europe
- 6.4.1 Europe food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.4.1.1 Europe kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.4.2 Europe food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.4.3 Germany
- 6.4.3.1 Germany food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.4.3.1.1 Germany kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.4.3.2 Germany food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.4.4 U.K.
- 6.4.4.1 U.K. food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.4.4.1.1 U.K. kitchen purpose equipment market for food service sector, 2017 - 2030 (USD Billion)
- 6.4.4.2 U.K. food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.5.1.1 Asia Pacific kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.5.2 Asia Pacific food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.5.3 China
- 6.5.3.1 China food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.5.3.1.1 China kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.5.3.2 China food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.5.4 India
- 6.5.4.1 India food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.5.4.1.1 India kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.5.4.2 India food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.5.5 Japan
- 6.5.5.1 Japan food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.5.5.1.1 Japan kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.5.5.2 Japan food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.6 Latin America
- 6.6.1 Latin America food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.6.1.1 Latin America kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.6.2 Latin America food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.6.3 Brazil
- 6.6.3.1 Brazil food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.6.3.1.1 Brazil kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.6.3.2 Brazil food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.6.4 Mexico
- 6.6.4.1 mexico food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.6.4.1.1 Mexico kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.6.4.2 Mexico food service equipment market by end-user, 2017 - 2030 (USD Billion)
- 6.7 Middle East & Africa (MEA)
- 6.7.1 MEA food service equipment market by product, 2017 - 2030 (USD Billion)
- 6.7.1.1 mea kitchen purpose equipment market for food service sector, by type, 2017 - 2030 (USD Billion)
- 6.7.2 mea food service equipment market by end-user, 2017 - 2030 (USD Billion)
Chapter 7 Competitive Analysis
- 7.1 Recent Developments And Impact Analysis, By Key Market Participants
- 7.2 Growing Focus On Mergers And Acquisitions (Impact - High)
- 7.3 Company Categorization
- 7.4 Company Market Positioning
- 7.5 Vendor Landscape
- 7.5.1 List of key distributors, channel partners & end users
- 7.5.2. Competitive dashboard analysis, private/public
- 7.6 Public Companies
- 7.6.1 Company market positioning analysis
- 7.6.2 Company ranking
- 7.6.3 Market differentiators
- 7.6.4 Swot analysis
- 7.7 Private Companies
- 7.7.1 List of key emerging companies/technology disruptors/innovators
- 7.7.2 Company geographical presence
Chapter 8 Competitive Landscape
- 8.1 Company Profiles - Food Service Equipment market
- 8.1.1 AB Electrolux
- 8.1.1.1 Company overview
- 8.1.1.2 Financial performance
- 8.1.1.3 Service benchmarking
- 8.1.1.4 Recent developments
- 8.1.2 Ali Group S.r.L., a Socio Unico
- 8.1.2.1 Company overview
- 8.1.2.2 Financial performance
- 8.1.2.3 Product benchmarking
- 8.1.2.4 Recent developments
- 8.1.3 Dover Corporation
- 8.1.3.1 Company overview
- 8.1.3.2 Financial performance
- 8.1.3.3 Product benchmarking
- 8.1.3.4 Recent developments
- 8.1.4 Blue Star Limited
- 8.1.4.1 Company overview
- 8.1.4.2 Financial performance
- 8.1.4.2 Product benchmarking
- 8.1.4.3 Recent developments
- 8.1.5 Duke Manufacturing
- 8.1.5.1 Company overview
- 8.1.5.2 Financial performance
- 8.1.5.3 Product benchmarking
- 8.1.5.4 Recent developments
- 8.1.6 Fujimak Corporation
- 8.1.6.1 Company overview
- 8.1.6.2 Financial performance
- 8.1.6.3 Product benchmarking
- 8.1.6.4 Recent developments
- 8.1.7 Haier Group
- 8.1.7.1 Company overview
- 8.1.7.2 Financial performance
- 8.1.7.3 Product benchmarking
- 8.1.7.4 Recent developments
- 8.1.8 Hoshizaki Corporation
- 8.1.8.1 Company overview
- 8.1.8.2 Financial performance
- 8.1.8.3 Product benchmarking
- 8.1.8.4 Recent developments
- 8.1.9 Illinois Tool Works Inc.
- 8.1.9.1 Company overview
- 8.1.9.2 Financial performance
- 8.1.9.3 Product benchmarking
- 8.1.9.4 Recent developments
- 8.1.10 Rancilio Group
- 8.1.10.1 Company overview
- 8.1.10.2 Financial performance
- 8.1.10.3 Product benchmarking
- 8.1.10.4 Recent developments
- 8.1.11 Smeg S.p.A
- 8.1.11.1 Company overview
- 8.1.11.2 Financial performance
- 8.1.11.3 Product benchmarking
- 8.1.11.4 Recent developments
- 8.1.12 The Middleby Corporation
- 8.1.12.1 Company overview
- 8.1.12.2 Financial performance
- 8.1.12.3 Product benchmarking
- 8.1.12.4 Recent developments
- 8.1.13 The Vollrath Company, Llc
- 8.1.13.1 Company overview
- 8.1.13.2 Financial performance
- 8.1.13.3 Product benchmarking
- 8.1.13.4 Recent developments
- 8.1.14 Traulsen
- 8.1.14.1 Company overview
- 8.1.14.2 Financial performance
- 8.1.14.3 Product benchmarking
- 8.1.14.4 Recent developments