Food Service Equipment - Global Strategic Business Report

The global market for Food Service Equipment is estimated at US$32.0 Billion in 2023 and is projected to reach US$49.2 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the food service equipment market is driven by several factors. Rapid urbanization and changing consumer preferences are driving the proliferation of food service businesses, driving demand for food service equipment. In addition to the demand for equipment from new establishments, replacement demand also accounts for a significant share of the food service equipment market. The health scares in the recent past have driven the focus of regulators on food safety, necessitating investments in new and advanced equipment. In addition, the focus on energy efficiency to fight against greenhouse gas emissions is also driving replacement demand for food service equipment.  Technological advancements play a significant role, with innovations such as IoT-enabled devices and smart kitchen solutions enhancing operational efficiency and offering predictive maintenance capabilities. The increasing popularity of food delivery services and the proliferation of cloud kitchens necessitate specialized equipment designed for high-volume, rapid food preparation and delivery. Consumer behavior also influences market growth, as there is a rising preference for dining out and experiencing diverse culinary options, prompting restaurants to invest in advanced equipment to meet customer expectations. Furthermore, stringent food safety regulations and standards compel food service operators to upgrade to equipment that ensures compliance and enhances hygiene. These factors collectively contribute to the dynamic expansion of the food service equipment market, positioning it for continued growth and innovation.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Cooking Equipment segment, which is expected to reach US$15.9 Billion by 2030 with a CAGR of a 6.6%. The Storage & Handling Equipment segment is also set to grow at 7.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $9.6 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $8.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Food Service Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Food Service Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Food Service Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AB Electrolux, Dover Corporation, Duke Manufacturing Co., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 739 Featured):

• AB Electrolux
• Dover Corporation
• Duke Manufacturing Co.
• Fagor Industrial, S.Coop.
• Hubert Company, LLC
• Hoshizaki Corp.
• Kiremko BV
• Marel
• The Middleby Corporation
• Smeg S.p.A.