Food Service Equipment Market To Reach $66.2 Billion by 2033

The report “Food Service Equipment Market by Equipment Type (Cooking & Preparation Equipment, Refrigeration Equipment, Ware washing Equipment, Others), By Sales Channel (Online, Offline), By End-User (Full-Service Restaurant, Quick Service Restaurant, Hotels & Pub Bar Clubs, Others)” is expected to reach USD 66.2 billion by 2033, registering a CAGR of 7.50% from 2026 to 2033, according to a new report by Transpire Insight.

The market for food service equipment is increasing steadily, fueled by a combination of factors like changes in consumption patterns, an increase in the scope of the food service business, and improvements in technology. The rising level of activities like rapid urbanization, coupled with increased hectic lifestyles, is compelling consumers to adopt a dining-out approach, thereby helping non-home-based, quick-service restaurants, cafes, cloud kitchens, etc., to obtain efficient kitchen-based equipment. Increases in the level of consumption for QSRs, cafes, and other similar restaurants have helped the market to rise steadily, owing to large-scale equipment needs like high-capacity preparation devices, storage apparatus, etc. Along with these factors, increased levels of consumption have also fueled upgrading activities, like increases in the level of spending on dining, helping various eateries to increase their avenues through efficient devices like kitchen equipment. Rapidity in activities like the need to adopt strict regulations regarding food safety, hygiene, etc., is helping increase the level of consumption, owing to the need to obtain technology-based kitchen equipment like touchless devices, self-cleaning ovens, etc. Cloud kitchens, being an increasing phenomenon, is helping raise the level of consumption for compact, space-saving, high-performance-based devices like kitchen equipment for SMEs.

The Cooking & Preparation Equipment segment is projected to witness the highest CAGR in the Sensor-based Ore Sorting Market during the forecast period.

Based on the analysis related to the market scenario of the “food service equipment market,” it has been observed that the “cooking equipment” segment has the largest market share, as this type of equipment has different types of items such as “ovens,” “ranges,” “fryers,” “grills,” “cook tops,” etc., which are necessary apparatus for food preparation in different types of dishes. Apart from this, the importance of the “cooking process,” which is essential in “food service,” has shown a positive impact regarding the growth of this market, as such a process needs efficiency, reliability, and food safety standards as a prerequisite. Besides this, the increased demand for “specialized ethnic cuisine cookware,” signifying the “food trends,” has increased significantly, affecting the revenue generated in the “food service equipment market,” as such a demand has been a part of people’s “appétitivement”.

The Offline segment is projected to witness the highest CAGR in the Sensor-based Ore Sorting Market during the forecast period.

According to the market forecast and trends in the food service equipment market, offline channels held the highest share. They comprised brick-and-mortar stores like specialty shops selling commercial kitchen equipment, wholesale distributors, and direct sales through manufacturers. The considerable value and technical nature of the equipment is encouraging customers to visit the stores and have on-site consultations and product demonstrations to ensure compatibility with the operation requirements. In addition, installation, after-sales service, and maintenance are some value-added services offered by different retailers and wholesale distributors, which are crucial for view equipment functionality.

The Full-Service Restaurant segment is projected to witness the highest CAGR in the Sensor-based Ore Sorting Market during the forecast period.

However, as per the food service equipment market overview as well as the report, the segment of full-service restaurants/hotels has developed as the largest segment in the industry, given the high demand in such establishments that have a high number of requirements related to high-grade as well as high-sturdy foodservice equipment that handle a number of requirements in the food industry, which are increasing at a rapid pace in such establishments that demand a comprehensive number of equipment, such as high-grade as well as high-sturdy equipment, in order to ensure the high efficiency in the operation of such establishments as well as customer satisfaction, which has been acting as a driver in the food service equipment industry as a result of the competitive nature of such establishments in the industry, which demand a number of upgrades as well as technological upgrades in the equipment in order to ensure high efficiency in the operation as well as customer satisfaction.

The North America region is projected to witness the highest CAGR in the Sensor-based Ore Sorting Market during the forecast period.

According to the "Food Service Equipment Market - Industry Segment Analysis, Regional Outlook, Trends and Forecasts to 2019," based upon the segmentation and analysis, it was concluded that the food service equipment market in North America had the largest share with a sound food service infrastructure in place, marked by quality, safety, and efficiency standards. In addition to this, there are a large number of major players in the food equipment manufacturing segment and a growing culture of "dining out"; therefore, the growth in the use of technological advancements in kitchen appliances and meal preparation will add to the growth in this market. In addition to this, the demand for quality and new equipment to meet up with changing consumer patterns about "healthy food and gourmet style cooking" will boost the growth in this segment. Moreover, the implementation of stringent and quality food safety regulations, emphasizing the need for "new and modern equipment to comply with these regulations," will positively influence the recent growth in the food service equipment segment.

Key Players

The top 15 players in the Food Service Equipment Market include Electrolux AB, Winston Foodservice, Duke Manufacturing, MEIKO Maschinenbau GmbH & C0. KG, The Middleby Corporation, HOSHIZAKI CORPORATION, Hobart, RATIONAL, BUNN, Cambro, Ali Group Worldwide, SMEG S.p.A., AK Service & Food Equipment, The Vollrath Co., L.L.C., GE Appliances.

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