Food Service Equipment Market Research Report - Global Forecast till 2027

Food Service Equipment Market Research Report: By Product (Cooking Equipment, Storage & Handling Equipment, Ware Washing Equipment, Food Holding & Serving Equipment, and Others), Application (Full-Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Global Forecast till 2027

ID: MRFR/IA - E/2503-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Food Service Equipment Market Synopsis

Food service equipment are widely used for food handling and processing applications and are popular in full-service restaurants. The equipment plays a vital role in food service industry for preparing and serving a variety of food items.

Growing online food service sector globally, rising consumption of processed food, demand for quick service restaurants, and advanced kitchen equipment are the key factors driving the growth of this market.

The high price of food equipment and lack of skilled operators are hindering the market growth. The growing per capita income in emerging economies, rise in multi-function food appliances, growing number of Wi-Fi and Internet-enabled devices, and increasing trend of smart kitchen and connected equipment are providing growth opportunities for vendors operating in the market. Hence, the global food service equipment market is estimated to reach around USD 45 billion by 2025, registering a CAGR of ~5% during the forecast period.

Global Food Service Equipment Market Segmentation and Regional Analysis

According to MRFR analysis, the global food service equipment market has been segmented on the basis of product, application, and region. On the basis of product, the global market has been segmented into cooking equipment, storage & handling equipment, ware washing equipment, food holding & serving equipment, and others. The cooking equipment segment is anticipated to grow at a substantial rate during the forecast period due to growing demand for cooking and beverage preparation equipment from the residential and commercial sectors. On the basis of application, the global market has been segmented into full-service restaurants, quick service restaurants, caterers, hotels & clubs and others. The quick service restaurants segment is expected to grow at a substantial rate over the forecast period due to the growing number of collaborations of quick food delivery service companies such as Zomato and Foodpanda with the quick service restaurants.

Geographically, the global market of food service equipment has been segmented into Asia-Pacific, North America, Europe, and the rest of the world. The market in Asia-Pacific is expected to grow at a rapid pace in the food service equipment market due to growing food service centers, rising number of nuclear families, and changing lifestyle in China and India, among other developing nations.

The North American market is expected to register moderate growth over the forecast period. The wide adoption of technologically advanced products and growing adoption of these products are factors that are boosting the market growth in the region. The market in Europe is expected to grow at a phenomenal rate over the forecast period; the booming tourism industry and wide number of dining out options for consumers are expected to propel the market growth in the region. Whereas, rapid urbanization is likely to boost the growth of food service equipment industry in Middle East & Africa during the forecast period.

According to MRFR analysis, the major players in the global food service equipment  market are Meiko (Germany), Duke Manufacturing Co. Inc. (US), Tupperware Hobart Corporation (US), Ali Group SpA (Italy), Manitowoc Company Inc. (US), Hoshizaki Electric Co., Ltd (Japan), Fujimak Corporation (Japan), Dover Corporation (US), Brands Corporation (US), and Electrolux AB (Sweden).

The report for the global food service equipment market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Intended Audience:

  • Food service equipment manufacturers

  • Food service equipment distributors and suppliers

  • State and national regulatory authorities

  • Raw material suppliers

  • Investors/shareholders

  • Government and industry associations

  • State or government-owned corporations

  • Research organizations

Frequently Asked Questions (FAQ) :

The food service equipment market is poised to mark 5% CAGR.

By 2025, the expected valuation of the food service equipment market is supposed to reach USD 45 Bn.

The segments of the food service equipment market on the basis of food holding & serving equipment, product are cooking equipment, ware washing equipment, storage & handling equipment, and others.

The segments of the food service equipment market, by application, are full-service restaurants, caterers, quick service restaurants, hotels & clubs and others.

The major participants are Meiko (Germany), Tupperware Hobart Corporation (US), Duke Manufacturing Co. Inc. (US), Ali Group SpA (Italy), Hoshizaki Electric Co., Ltd (Japan), Manitowoc Company Inc. (US), Fujimak Corporation (Japan), Brands Corporation (US), Dover Corporation (US), and Electrolux AB (Sweden).