The global food service equipment market size was US$ 22.8 billion in 2021. The global food service equipment market is forecast to grow to US$ 45.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.

Food service equipment offers ease of food preparation and food safety, majorly in commercial kitchens. Food service equipment includes cookware and washes ware, and other equipment.

Factors Influencing the Market

The rapidly growing travel and hospitality industry is forecast to fuel the growth of the global food service equipment market. In addition, the rising demand for refrigerated food products will contribute to the growth of the global food service equipment market during the study period.

The increasing demand for modular kitchens having advanced features will propel the cooking food service equipment forward. In addition, the increasing range of cafs & restaurants globally will also escalate the demand for efficient, multi-functional, space & time-saving equipment.

Stringent regulations by government bodies related to refrigerant leakages and emissions will benefit the market. Furthermore, the growing number of working women and digitization will accelerate the growth of the global food service equipment market.

COVID-19 Impact on the Global Food Service Equipment

COVID-19, a global health emergency, restricted travel activities all across the world. Thus, it limited the growth of the hospitality segment. In addition, it also disrupted the growth of the global food service equipment market. Furthermore, other factors like supply chain disruptions and income limitations further hampered the growth of the market. However, the demand for frozen food increased abruptly, which has been a significant benefit for the global food service equipment market.

Regional Analysis

The Asia-Pacific food service equipment is forecast to witness a significant jump in terms of revenue. It is due to the growing automation in commercial kitchens. In addition, the growing number of technological advancements and the introduction of new business models will contribute to the growth of the market.

The growing population and rising household income will benefit the regional food service equipment market. In addition, the growing middle-class population and the presence of stringent government regulations, such as Hazard Analysis Critical Control Point (HACCP) certifications and NSF international certifications, will surge the demand for global standard food service equipment in hotels and restaurants in the coming years. Thus, all of these factors will drive the Asia-Pacific food service equipment market forward.

Competitors in the Market

Duke Manufacturing Co. Inc.
Illinois Tool Works (ITW), Inc.
Electrolux
Dover Corporation
Welbilt, Inc.
Middleby Corporation
Ali Group S.r.l. a Socio Unico
Alto-Shaam, Inc.
Comstock-Castle Stove Co., Inc.
Alto-Shaam, Inc.
Cambro Manufacturing Co. Inc.
Other Prominent Players
Market Segmentation

The global food service equipment market segmentation focuses on Product, End-Use, and Region.

By Product Type Outlook

Cooking Equipment
Storage & Handling Equipment
Warewashing Equipment
Food & Beverage Preparation Equipment
Serving Equipment
By End-Use Outlook

Full-service Restaurants & Hotels
Quick Service Restaurants & Pubs
Catering
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America