Used Restaurant Equipment Market Report 2024

This Used Restaurant Equipment market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The used restaurant equipment market size has grown strongly in recent years. It will grow from $5.9 billion in 2023 to $6.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth during the historic period can be attributed to several factors, the appeal of cost-effective solutions, high turnover rates in the restaurant industry, a focus on minimizing startup costs, increased awareness and emphasis on sustainability, and changes in industry regulations and compliance standards.

The used restaurant equipment market size is expected to see strong growth in the next few years. It will grow to $8.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast period can be attributed to the availability of high-quality alternatives at lower costs, the presence of high-end brands in the market, the rise of online marketplaces, increasing demand for customization, and economic downturns and uncertainties. Key trends expected to drive growth include technological advancements, a greater emphasis on equipment longevity, innovations in the refurbishment process, a rise in the adoption of leasing models, and improved transparency in equipment sourcing and sales.

The growth of the used restaurant equipment market is expected to be driven by the increasing number of food establishments. This rise is fueled by growing consumer demand for diverse dining options and convenience. Used restaurant equipment offers a cost-effective way for food establishments to obtain the necessary tools and appliances without substantial capital investment. For example, in July 2024, the Bureau of Labor Statistics reported that the number of food services and drinking place establishments in the US reached 711,159 in the fourth quarter of 2023, up from 695,817 in the first quarter of 2023. This growing number of food establishments is boosting the used restaurant equipment market.

Key players in the used restaurant equipment market are focusing on innovative products, such as green lean cleaning machines, to promote sustainability and reduce operational costs. A green lean cleaning machine is an environmentally friendly, highly efficient device designed to clean using minimal resources and sustainable practices to cut waste and energy consumption. For instance, in March 2021, Winterhalter, a Germany-based company known for professional ware washing equipment, launched the CTR Energy Conveyor Dishwasher. This machine is designed to minimize energy, water, and chemical use while improving kitchen hygiene and efficiency. It operates steam-free and recycles exhaust air heat to pre-heat cold inlet water, thus reducing energy consumption and operating costs. This advancement supports sustainability in the used restaurant equipment market, influences consumer preferences, and helps with regulatory compliance.

In April 2024, Joe Warren & Sons Co. Inc., a US-based food equipment service company, acquired Able Restaurant Equipment Service Inc. for an undisclosed amount. This acquisition allows Joe Warren & Sons to enhance its service offerings in New Hampshire by integrating refrigeration services from Able’s existing portfolio. It also helps Joe Warren & Sons expand and strengthen its market presence in the state. Able Restaurant Equipment Service Inc., based in the US, specializes in the sales, service, and maintenance of restaurant equipment.

Major companies operating in the used restaurant equipment market are eBay Inc., OLX Group, IndiaMART, WebstaurantStore, Central Restaurant Products, SilverChef, Federal Hospitality Equipment, ExportersIndia, ACityDiscount Restaurant Equipment, Machineseeker Group, Rose's Equipment & Supply, Dine Company, Quikr, Lauro Restaurant Equipment, Bid on Equipment, Jeans Restaurant Supply, Gillette Restaurant Equipment, The Kitchen Spot, Kitchen Guys, City Restaurant Supply, Aimco Equipment Company LLC, Southeast Restaurant Equipment, iFoodEquipment.ca., Texas Restaurant Supply, Alternative Sales Corp.

North America was the largest region in the used restaurant equipment market in 2023. The regions covered in the used restaurant equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the used restaurant equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Used restaurant equipment refers to kitchen appliances, furnishings, and tools that have been previously owned, refurbished, and resold for use in food service establishments. This equipment is employed by restaurants, cafes, and other food service businesses to furnish their kitchens and dining areas with cost-effective and often high-quality items.

The primary types of used restaurant equipment include kitchen purpose equipment, cooking equipment, food and beverage preparation equipment, refrigeration equipment, ware washing equipment, food holding and storing equipment, and other categories. Kitchen purpose equipment consists of appliances and tools specifically designed for food preparation, cooking, and storage. This equipment is available through both online and offline channels and is utilized by various end-users, including full-service restaurants, hotels, quick-service restaurants, pubs, catering services, and other food service businesses.

The used restaurant equipment market research report is one of a series of new reports that provides used restaurant equipment market statistics, including the used restaurant equipment industry's global market size, regional shares, competitors with a used restaurant equipment market share, detailed used restaurant equipment market segments, market trends and opportunities, and any further data you may need to thrive in the used restaurant equipment industry. This used restaurant equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The used restaurant equipment market consists of sales of bakery equipment, commercial dishwashers, bar and beverage equipment, ice machines, furniture, and fixtures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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