IMARC Group’s report titled “Food Service Equipment Market Report by Product Type (Cooking Equipment, Storage and Handling Equipment, Warewashing Equipment, Food and Beverage Preparation Equipment, Serving Equipment), Distribution Channel (Online, Offline), End Use (Full-service Restaurants and Hotels, Quick-service Restaurants and Pubs, Catering), and Region 2025-2033”, The global food service equipment market size reached USD 40.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 59.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033.
Factors Affecting the Growth of the Food Service Equipment Industry:
Growing Demand for Energy-Efficient Equipment:
The food service equipment market is shifting toward saving energy and cutting costs. With energy prices rising and climate change a big concern, businesses are looking for smarter solutions. Restaurants, hotels, and cafés are switching to appliances like ovens, refrigerators, and dishwashers that use less energy but still work well. These machines help lower bills and are better for the environment. Governments are also encouraging energy-saving choices with rules and incentives. As manufacturers introduce newer, more efficient equipment, upgrading to eco-friendly options has become easier and more appealing.
Increasing Focus on Automation and Smart Technology:
Automation and smart technology are changing how food businesses operate, making work faster and easier. With fewer workers available, many restaurants are using smart tools like automated ovens, fryers, and inventory systems. These devices deliver consistent results and save time. Smart tech, like sensors and the Internet of Things (IoT), helps keep track of equipment, spotting problems early to avoid breakdowns. This improves food safety and saves money. As demand for these tools grows, manufacturers are creating more advanced options to help businesses stay efficient and reliable.
Rising Demand for Healthier and Sustainable Options:
More customers want healthy and eco-friendly food, and businesses are adapting to meet this demand. Restaurants are using fresh, organic, and local ingredients. To support this, they rely on tools like steamers, sous-vide machines, and induction cooktops for better cooking methods.
At the same time, businesses are finding ways to reduce waste with composting systems and energy-saving equipment. These changes align with customer preferences for healthy and sustainable options. Companies are coming up with new tools to keep up with this growing trend.
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Leading Companies Operating in the Global Food Service Equipment Industry:
AB Electrolux
Ali group s.r.l. a socio unico
Alto-Shaam Inc.
Cambro Manufacturing
Comstock-Castle Stove Co. Inc
Dover Corporation
Duke Manufacturing
Illinois Tool Works Inc.
The Middleby Corporation
Welbilt
Food Service Equipment Market Report Segmentation:
Breakup By Product Type:
Cooking Equipment
Storage and Handling Equipment
Warewashing Equipment
Food and Beverage Preparation Equipment
Serving Equipment
Breakup By Distribution Channel:
Online
Offline
Breakup By End Use:
Full-service Restaurants and Hotels
Quick-service Restaurants and Pubs
Catering
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Food Service Equipment Market Trends:
The food service equipment market is growing to meet new needs. In 2024, businesses will focus more on tools that support sustainability and healthy cooking. As more people choose plant-based and organic food, the need for special cooking equipment will rise. Smart technology will make it easier for businesses to manage their tools and operations. Automation will continue to help with labor shortages and improve efficiency. Energy-saving appliances will remain important for cutting costs and waste. As the market evolves, businesses will adapt and create better experiences for their customers.
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