Market Overview:
The global food service equipment market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, rising disposable income, changing lifestyle and growing demand for processed and ready-to-eat food products. The food preparation equipment segment is expected to dominate the global food service equipment market during the forecast period 2018-2030. This can be attributed to increasing demand for convenience foods which require minimal preparation time. The cooking equipment segment is projected to grow at a highest CAGR during the forecast period owing to rising trend of home cooked meals and growing popularity of barbecue cuisine across regions. In terms of application, restaurants are expected to dominate the global food service equipment market followed by hotels & pubs segments respectively during the forecast period 2018-2030. Rising number of standalone restaurants coupled with increasing preference for eating out among millennials is driving growth in this segment across regions.
Product Definition:
Food service equipment is any equipment used to store, prepare or serve food. This includes refrigerators, ovens, stoves, dishwashers and slicers. Food service equipment is important because it allows restaurants to store and prepare food efficiently.
Food Preparation Equipment:
Food preparation equipment is used in food service industry to cook and preserve the raw materials into finished goods. Food preparation equipment includes cooking & heating appliances, freezers, coolers, dry & wet storage equipment and other processing tools. The global food preparation equipment market size was valued at USD 13.5 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2024.
Drink Preparation Equipment:
Drink preparation equipment is used in food service industry to make various types of beverages such as juices, milk shakes, smoothies and other frozen drinks. The market for drink preparation equipment is expected to witness significant growth over the forecast period owing to increasing demand for healthy drinks among consumers across the globe.
Global Drink Preparation Equipment.
Application Insights:
The restaurants segment accounted for the largest share of more than 40.0% in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing number of fine dines and casual restaurants across the globe. Moreover, development in online food ordering system has increased customer's access to information about new menus, which has positively influenced industry growth.
Hotels are anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for specialty drinks with different flavors.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding food wastage, rising demand for fast food and changing eating habits of consumers in this region. Moreover, presence of a large number of quick service restaurants such as McDonald’s, Burger King Corporation and KFC Corporation is anticipated to boost the growth further.
Asia Pacific is projected to witness significant growth over the forecast period owing to increasing disposable income coupled with growing population especially in China and India which has resulted into increased demand for catering services at corporate places as well as household levels thereby boosting overall industry growth over the next eight years from 2018 to 2030 time span.
Growth Factors:
- Increasing demand for food service equipment from the hospitality sector
- Growing popularity of food trucks and small restaurants
- Rising disposable income of consumers in developing countries
- Proliferation of new technology-enabled equipment that improve efficiency and productivity
- Emergence of smart kitchens that integrate multiple appliances into a single unit
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Service Equipment Market Research Report
By Type
Food Preparation Equipment, Drink Preparation Equipment, Cooking Equipment, Heating And Holding Equipment
By Application
Restaurants, Hotels, Pubs, Household, Catering, Institutional
By Companies
Haier, Electrolux, Hoshizaki, Illinois Tool Works, Ali, Welbilt, Dover, Middleby, Rational, Standex International, Fujimak, The Vollrath Company, Duke Manufacturing, Alto-Shaam, Boelter
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Food Service Equipment Market Report Segments:
The global Food Service Equipment market is segmented on the basis of:
Types
Food Preparation Equipment, Drink Preparation Equipment, Cooking Equipment, Heating And Holding Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurants, Hotels, Pubs, Household, Catering, Institutional
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haier
- Electrolux
- Hoshizaki
- Illinois Tool Works
- Ali
- Welbilt
- Dover
- Middleby
- Rational
- Standex International
- Fujimak
- The Vollrath Company
- Duke Manufacturing
- Alto-Shaam
- Boelter
Highlights of The Food Service Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Preparation Equipment
- Drink Preparation Equipment
- Cooking Equipment
- Heating And Holding Equipment
- By Application:
- Restaurants
- Hotels
- Pubs
- Household
- Catering
- Institutional
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Service Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food service equipment is any piece of equipment used in the food industry to prepare, serve, or store food. This can include items such as ovens, refrigerators, microwaves, dishwashers and more.
Some of the key players operating in the food service equipment market are Haier, Electrolux, Hoshizaki, Illinois Tool Works, Ali, Welbilt, Dover, Middleby, Rational, Standex International, Fujimak, The Vollrath Company, Duke Manufacturing, Alto-Shaam, Boelter.
The food service equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Service Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Service Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Service Equipment Market - Supply Chain
4.5. Global Food Service Equipment Market Forecast
4.5.1. Food Service Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Service Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Food Service Equipment Market Absolute $ Opportunity
5. Global Food Service Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Food Service Equipment Market Size and Volume Forecast by Type
5.3.1. Food Preparation Equipment
5.3.2. Drink Preparation Equipment
5.3.3. Cooking Equipment
5.3.4. Heating And Holding Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Food Service Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Food Service Equipment Market Size and Volume Forecast by Application
6.3.1. Restaurants
6.3.2. Hotels
6.3.3. Pubs
6.3.4. Household
6.3.5. Catering
6.3.6. Institutional
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Food Service Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Food Service Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Food Service Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Food Service Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Food Service Equipment Demand Share Forecast, 2019-2026
9. North America Food Service Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Food Service Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Food Service Equipment Market Size and Volume Forecast by Application
9.4.1. Restaurants
9.4.2. Hotels
9.4.3. Pubs
9.4.4. Household
9.4.5. Catering
9.4.6. Institutional
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Food Service Equipment Market Size and Volume Forecast by Type
9.7.1. Food Preparation Equipment
9.7.2. Drink Preparation Equipment
9.7.3. Cooking Equipment
9.7.4. Heating And Holding Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Food Service Equipment Demand Share Forecast, 2019-2026
10. Latin America Food Service Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Food Service Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Food Service Equipment Market Size and Volume Forecast by Application
10.4.1. Restaurants
10.4.2. Hotels
10.4.3. Pubs
10.4.4. Household
10.4.5. Catering
10.4.6. Institutional
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Food Service Equipment Market Size and Volume Forecast by Type
10.7.1. Food Preparation Equipment
10.7.2. Drink Preparation Equipment
10.7.3. Cooking Equipment
10.7.4. Heating And Holding Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Food Service Equipment Demand Share Forecast, 2019-2026
11. Europe Food Service Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Food Service Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Food Service Equipment Market Size and Volume Forecast by Application
11.4.1. Restaurants
11.4.2. Hotels
11.4.3. Pubs
11.4.4. Household
11.4.5. Catering
11.4.6. Institutional
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Food Service Equipment Market Size and Volume Forecast by Type
11.7.1. Food Preparation Equipment
11.7.2. Drink Preparation Equipment 11.7.3. Cooking Equipment
11.7.4. Heating And Holding Equipment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Food Service Equipment Demand Share, 2019-2026
12. Asia Pacific Food Service Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Food Service Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Food Service Equipment Market Size and Volume Forecast by Application
12.4.1. Restaurants
12.4.2. Hotels
12.4.3. Pubs
12.4.4. Household
12.4.5. Catering
12.4.6. Institutional
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Food Service Equipment Market Size and Volume Forecast by Type
12.7.1. Food Preparation Equipment
12.7.2. Drink Preparation Equipment
12.7.3. Cooking Equipment
12.7.4. Heating And Holding Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Food Service Equipment Demand Share, 2019-2026
13. Middle East & Africa Food Service Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Food Service Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Food Service Equipment Market Size and Volume Forecast by Application
13.4.1. Restaurants
13.4.2. Hotels
13.4.3. Pubs
13.4.4. Household
13.4.5. Catering
13.4.6. Institutional
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Food Service Equipment Market Size and Volume Forecast by Type
13.7.1. Food Preparation Equipment
13.7.2. Drink Preparation Equipment
13.7.3. Cooking Equipment
13.7.4. Heating And Holding Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Food Service Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Food Service Equipment Market: Market Share Analysis
14.2. Food Service Equipment Distributors and Customers
14.3. Food Service Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Electrolux
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hoshizaki
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Illinois Tool Works
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ali
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Welbilt
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dover
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Middleby
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rational
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Standex International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fujimak
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. The Vollrath Company
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Duke Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Alto-Shaam
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Boelter
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
