Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What are the Food Service Equipment Market Growth Projections?
The food service equipment market size has seen significant growth in recent years. It grew from $38.98 billion in 2024 to $41.45 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. This historic period growth can be attributed to factors including the growth in the foodservice and hospitality industry, expansion of quick service and fast-casual restaurants, an increase in consumer preference for dining out and takeout, and a focus on sustainability and energy efficiency in commercial kitchens.
The food service equipment market size is expected to continue its growth trajectory, and it is forecasted to reach $54.92 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The forecasted growth can be attributed to the adoption of smart and IoT-enabled kitchen appliances, customization of equipment for unique culinary concepts, integration of contactless and touchless technology in food service, demand for compact and space-saving kitchen equipment, and research and development in next-generation food service equipment.
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What is Driving the Food Service Equipment Market Growth?
The growing online food service sector is significantly contributing to the growth of the food service equipment market. The convenience, accessibility, and expansive choices offered by online food services have seen an increase in demand, especially during the COVID-19 pandemic. As regulations required social distancing and safety guidelines, customers started ordering online more frequently, reducing physical interaction and increasing the demand for food service equipment.
How is the Food Service Equipment Market Segmented?
– By Equipment: Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers, Ware Washing Equipment, Other F&B Service Equipment
– By Distribution Channel: Online, Offline
– By End-User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other End-Users
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Who Are the Key Players in the Food Service Equipment Market?
Major companies operating in the food service equipment market include AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group Corporation, Smeg S.p.A., The Middleby Corporation, Meiko Maschinenbau GmbH & Co. KG, Hoshizaki Electric Co. Ltd., Fujimak Corporation, among others.
What Emerging Trends Are Shaping The Food Service Equipment Market Landscape?
Technological advancement is a key trend gaining popularity in the food service equipment market. The market is seeing the integration of advanced technologies such as automation, virtual control systems, sensory systems, and robots to enable more efficient operations of food service equipment.
Which Is the Fastest Growing Region in the Food Service Equipment Market?
Asia-Pacific was the largest region in the food service equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Food Service Equipment Market Report 2025 Offer?
Food service equipment refers to all tools and equipment such as utensils, crockery, and cutlery used to prepare and cook, store, serve, and wash food and beverage products. These come in multiple modes such as hand-operated, semi-automatic, and fully automatic. These aim to provide the correct quantity of food served at optimal temperature, ensuring higher end-user productivity levels. The Food Service Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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