Global Food Service Equipment Market Size Study, By Product (Kitchen Purpose Equipment, Refrigeration Equipment), By End Use (Full Service Restaurant, Quick Service Restaurant, Institutional), By Sales Channel (Online, Offline) and Regional Forecasts 2022-2032
The global food service equipment market is valued at USD 36.54 billion in 2023 and is anticipated to grow with a healthy growth rate of 7.0% over the forecast period 2024-2032. The increasing demand for energy-efficient and technologically advanced kitchen solutions, along with the expansion of the food service industry, is fueling market growth. The rising number of restaurants, cafes, hotels, cloud kitchens, and institutional food services is significantly driving the need for innovative, high-performance kitchen and refrigeration equipment. Additionally, sustainability trends, evolving consumer preferences, and government regulations concerning food safety and energy consumption are key factors shaping the market.
The industry is undergoing a technological transformation with the adoption of IoT-enabled and smart kitchen appliances that enhance operational efficiency, improve food quality, and optimize energy usage. Moreover, the rising labor shortages in food service establishments are driving the adoption of automated and multi-functional kitchen equipment, which minimizes human intervention while maintaining food quality and efficiency. The growing influence of food delivery services, quick-service restaurants (QSRs), and cloud kitchens is further creating demand for highly durable, energy-efficient, and high-speed cooking and refrigeration solutions.
The expansion of food service chains globally is a crucial growth driver for this market. The QSR segment is expected to exhibit the fastest CAGR of 27.2%, fueled by increased demand for ready-to-eat meals, fast food, and online food delivery services. Additionally, the institutional food service sector, including hospitals, schools, and corporate cafeterias, is adopting advanced food preparation and storage equipment to ensure high efficiency and regulatory compliance.
The Asia-Pacific region dominated the food service equipment market in 2024, accounting for the largest revenue share of 36.9%, primarily due to the westernization of dining habits, rapid urbanization, and growth in tourism-driven food services in China, India, Indonesia, and Australia. Meanwhile, North America and Europe continue to be lucrative markets, driven by technological innovation, stringent food safety norms, and high consumer spending on food services. Latin America and the Middle East & Africa are witnessing steady market expansion, owing to increased disposable incomes, changing lifestyles, and a growing inclination towards dining out.
Major Market Players Included in this Report:
By Product:
North America
The industry is undergoing a technological transformation with the adoption of IoT-enabled and smart kitchen appliances that enhance operational efficiency, improve food quality, and optimize energy usage. Moreover, the rising labor shortages in food service establishments are driving the adoption of automated and multi-functional kitchen equipment, which minimizes human intervention while maintaining food quality and efficiency. The growing influence of food delivery services, quick-service restaurants (QSRs), and cloud kitchens is further creating demand for highly durable, energy-efficient, and high-speed cooking and refrigeration solutions.
The expansion of food service chains globally is a crucial growth driver for this market. The QSR segment is expected to exhibit the fastest CAGR of 27.2%, fueled by increased demand for ready-to-eat meals, fast food, and online food delivery services. Additionally, the institutional food service sector, including hospitals, schools, and corporate cafeterias, is adopting advanced food preparation and storage equipment to ensure high efficiency and regulatory compliance.
The Asia-Pacific region dominated the food service equipment market in 2024, accounting for the largest revenue share of 36.9%, primarily due to the westernization of dining habits, rapid urbanization, and growth in tourism-driven food services in China, India, Indonesia, and Australia. Meanwhile, North America and Europe continue to be lucrative markets, driven by technological innovation, stringent food safety norms, and high consumer spending on food services. Latin America and the Middle East & Africa are witnessing steady market expansion, owing to increased disposable incomes, changing lifestyles, and a growing inclination towards dining out.
Major Market Players Included in this Report:
- Electrolux
- Welbilt
- Duke Manufacturing
- MEIKO Maschinenbau GmbH & Co. KG
- The Middleby Corporation
- HOSHIZAKI CORPORATION
- Hobart
- RATIONAL
- BUNN
- Cambro
- Ali Group
- ITW Food Equipment Group
- Vollrath Company
- Standex International Corporation
- Manitowoc Foodservice
By Product:
- Kitchen Purpose Equipment
- Cooking Equipment (Grills, Fryers, Ovens, Toasters, Others)
- Food & Beverage Preparation Equipment (Slicers, Mixers, Blenders, Juicers, Ice Crushers, Others)
- Refrigeration Equipment
- Ware Washing Equipment
- Food Holding & Storing Equipment
- Others
- Full Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
- Institutional Food Services
- Others
- Online
- Offline
North America
- U.S.
- Canada
- Mexico
- UK
- Germany
- France
- Italy
- Spain
- China
- India
- Japan
- South Korea
- Australia
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024 to 2032
- Market Estimates & Forecasts for 10 years (2022-2032)
- Annualized revenues and regional-level analysis for each market segment
- Detailed analysis of geographical landscape with country-level breakdown
- Competitive landscape with insights on major players and their strategies
- Key investment opportunities and future market trends
- Demand-side and supply-side market analysis
CHAPTER 1. GLOBAL FOOD SERVICE EQUIPMENT MARKET EXECUTIVE SUMMARY
1.1. Global Food Service Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By End-Use
1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL FOOD SERVICE EQUIPMENT MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL FOOD SERVICE EQUIPMENT MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Growth of the food service industry and increasing QSR penetration
3.1.2. Rising adoption of IoT-enabled and energy-efficient kitchen equipment
3.1.3. Expansion of cloud kitchens and online food delivery services
3.2. Market Challenges
3.2.1. High initial investment and operational costs
3.2.2. Regulatory compliance and stringent safety norms
3.2.3. Impact of fluctuating raw material prices on equipment manufacturing
3.3. Market Opportunities
3.3.1. Technological advancements and automation in commercial kitchens
3.3.2. Increasing demand for modular, multi-functional food service equipment
3.3.3. Growth of sustainable and eco-friendly food service appliances
CHAPTER 4. GLOBAL FOOD SERVICE EQUIPMENT MARKET INDUSTRY ANALYSIS
4.1. Porter’s Five Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s Five Force Model
4.1.7. Porter’s Five Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in the Food Service Equipment Industry
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY PRODUCT (2022-2032)
5.1. Segment Dashboard
5.2. Global Food Service Equipment Market by Product Revenue Trend Analysis (USD Million/Billion)
5.2.1. Kitchen Purpose Equipment
5.2.1.1. Cooking Equipment
5.2.1.2. Grills
5.2.1.3. Fryers
5.2.1.4. Ovens
5.2.1.5. Toasters
5.2.1.6. Others
5.2.2. Food & Beverage Preparation Equipment
5.2.2.1. Slicers & Peelers
5.2.2.2. Mixers & Grinders
5.2.2.3. Blenders
5.2.2.4. Juicers
5.2.2.5. Ice Crushers
5.2.2.6. Others
5.2.3. Refrigeration Equipment
5.2.4. Ware Washing Equipment
5.2.5. Food Holding & Storing Equipment
5.2.6. Others
CHAPTER 6. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY END USE (2022-2032)
6.1. Segment Dashboard
6.2. Global Food Service Equipment Market by End-Use Revenue Trend Analysis (USD Million/Billion)
6.2.1. Full Service Restaurant (FSR)
6.2.2. Quick Service Restaurant (QSR)
6.2.3. Institutional Food Services
6.2.4. Others
CHAPTER 7. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY SALES CHANNEL (2022-2032)
7.1. Segment Dashboard
7.2. Global Food Service Equipment Market by Sales Channel Revenue Trend Analysis (USD Million/Billion)
7.2.1. Online
7.2.2. Offline
CHAPTER 8. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY REGION (2022-2032)
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. UK
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.3. Asia Pacific
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.4. Latin America
8.4.1. Brazil
8.4.2. Argentina
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. South Africa
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Electrolux
9.1.2. Welbilt
9.1.3. The Middleby Corporation
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Electrolux
9.3.2. Welbilt
9.3.3. Duke Manufacturing
9.3.4. MEIKO Maschinenbau GmbH & Co. KG
9.3.5. The Middleby Corporation
9.3.6. HOSHIZAKI CORPORATION
9.3.7. Hobart
9.3.8. RATIONAL
9.3.9. BUNN
9.3.10. Cambro
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
1.1. Global Food Service Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By End-Use
1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL FOOD SERVICE EQUIPMENT MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL FOOD SERVICE EQUIPMENT MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Growth of the food service industry and increasing QSR penetration
3.1.2. Rising adoption of IoT-enabled and energy-efficient kitchen equipment
3.1.3. Expansion of cloud kitchens and online food delivery services
3.2. Market Challenges
3.2.1. High initial investment and operational costs
3.2.2. Regulatory compliance and stringent safety norms
3.2.3. Impact of fluctuating raw material prices on equipment manufacturing
3.3. Market Opportunities
3.3.1. Technological advancements and automation in commercial kitchens
3.3.2. Increasing demand for modular, multi-functional food service equipment
3.3.3. Growth of sustainable and eco-friendly food service appliances
CHAPTER 4. GLOBAL FOOD SERVICE EQUIPMENT MARKET INDUSTRY ANALYSIS
4.1. Porter’s Five Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s Five Force Model
4.1.7. Porter’s Five Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in the Food Service Equipment Industry
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY PRODUCT (2022-2032)
5.1. Segment Dashboard
5.2. Global Food Service Equipment Market by Product Revenue Trend Analysis (USD Million/Billion)
5.2.1. Kitchen Purpose Equipment
5.2.1.1. Cooking Equipment
5.2.1.2. Grills
5.2.1.3. Fryers
5.2.1.4. Ovens
5.2.1.5. Toasters
5.2.1.6. Others
5.2.2. Food & Beverage Preparation Equipment
5.2.2.1. Slicers & Peelers
5.2.2.2. Mixers & Grinders
5.2.2.3. Blenders
5.2.2.4. Juicers
5.2.2.5. Ice Crushers
5.2.2.6. Others
5.2.3. Refrigeration Equipment
5.2.4. Ware Washing Equipment
5.2.5. Food Holding & Storing Equipment
5.2.6. Others
CHAPTER 6. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY END USE (2022-2032)
6.1. Segment Dashboard
6.2. Global Food Service Equipment Market by End-Use Revenue Trend Analysis (USD Million/Billion)
6.2.1. Full Service Restaurant (FSR)
6.2.2. Quick Service Restaurant (QSR)
6.2.3. Institutional Food Services
6.2.4. Others
CHAPTER 7. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY SALES CHANNEL (2022-2032)
7.1. Segment Dashboard
7.2. Global Food Service Equipment Market by Sales Channel Revenue Trend Analysis (USD Million/Billion)
7.2.1. Online
7.2.2. Offline
CHAPTER 8. GLOBAL FOOD SERVICE EQUIPMENT MARKET SIZE & FORECAST BY REGION (2022-2032)
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. UK
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.3. Asia Pacific
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.4. Latin America
8.4.1. Brazil
8.4.2. Argentina
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. South Africa
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Electrolux
9.1.2. Welbilt
9.1.3. The Middleby Corporation
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Electrolux
9.3.2. Welbilt
9.3.3. Duke Manufacturing
9.3.4. MEIKO Maschinenbau GmbH & Co. KG
9.3.5. The Middleby Corporation
9.3.6. HOSHIZAKI CORPORATION
9.3.7. Hobart
9.3.8. RATIONAL
9.3.9. BUNN
9.3.10. Cambro
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
LIST OF TABLES
• Global Food Service Equipment Market Scope and Definition
• Global Food Service Equipment Market Estimates & Forecast by Region (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by Product (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by End Use (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by Sales Channel (2022-2032)
• North America Food Service Equipment Market Estimates & Forecast (2022-2032)
• Europe Food Service Equipment Market Estimates & Forecast (2022-2032)
• Asia Pacific Food Service Equipment Market Estimates & Forecast (2022-2032)
• Latin America Food Service Equipment Market Estimates & Forecast (2022-2032)
• Middle East & Africa Food Service Equipment Market Estimates & Forecast (2022-2032)
• U.S. Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Canada Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• UK Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Germany Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• China Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Japan Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Brazil Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Saudi Arabia Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Key Market Players and Their Market Share in the Food Service Equipment Industry
• Competitive Landscape: Product Offerings and Key Strategies of Leading Market Players
• Global Food Service Equipment Market Scope and Definition
• Global Food Service Equipment Market Estimates & Forecast by Region (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by Product (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by End Use (2022-2032)
• Global Food Service Equipment Market Estimates & Forecast by Sales Channel (2022-2032)
• North America Food Service Equipment Market Estimates & Forecast (2022-2032)
• Europe Food Service Equipment Market Estimates & Forecast (2022-2032)
• Asia Pacific Food Service Equipment Market Estimates & Forecast (2022-2032)
• Latin America Food Service Equipment Market Estimates & Forecast (2022-2032)
• Middle East & Africa Food Service Equipment Market Estimates & Forecast (2022-2032)
• U.S. Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Canada Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• UK Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Germany Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• China Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Japan Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Brazil Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Saudi Arabia Food Service Equipment Market Estimates & Forecast by Segment (2022-2032)
• Key Market Players and Their Market Share in the Food Service Equipment Industry
• Competitive Landscape: Product Offerings and Key Strategies of Leading Market Players
LIST OF FIGURES
• Global Food Service Equipment Market Research Methodology
• Global Food Service Equipment Market Estimation Techniques
• Global Market Size Estimates & Forecast Methods
• Global Food Service Equipment Market, Key Trends (2024)
• Global Food Service Equipment Market Growth Prospects (2022-2032)
• Global Food Service Equipment Market: Porter’s Five Forces Model
• Global Food Service Equipment Market: PESTEL Analysis
• Global Food Service Equipment Market Value Chain Analysis
• Global Food Service Equipment Market Revenue by Region (2022 & 2032)
• North America Food Service Equipment Market Growth (2022-2032)
• Europe Food Service Equipment Market Growth (2022-2032)
• Asia-Pacific Food Service Equipment Market Growth (2022-2032)
• Latin America Food Service Equipment Market Growth (2022-2032)
• Middle East & Africa Food Service Equipment Market Growth (2022-2032)
• Market Share Analysis of Key Companies in the Global Food Service Equipment Market (2024)
• Competitive Benchmarking: Key Players in the Food Service Equipment Industry
• Impact of Technological Advancements on the Food Service Equipment Market
• Revenue Contribution of Different Sales Channels in the Food Service Equipment Market
• Growth of QSR (Quick Service Restaurant) Segment in the Food Service Equipment Industry
• Impact of Regulations and Sustainability Initiatives on the Market
• Global Food Service Equipment Market Research Methodology
• Global Food Service Equipment Market Estimation Techniques
• Global Market Size Estimates & Forecast Methods
• Global Food Service Equipment Market, Key Trends (2024)
• Global Food Service Equipment Market Growth Prospects (2022-2032)
• Global Food Service Equipment Market: Porter’s Five Forces Model
• Global Food Service Equipment Market: PESTEL Analysis
• Global Food Service Equipment Market Value Chain Analysis
• Global Food Service Equipment Market Revenue by Region (2022 & 2032)
• North America Food Service Equipment Market Growth (2022-2032)
• Europe Food Service Equipment Market Growth (2022-2032)
• Asia-Pacific Food Service Equipment Market Growth (2022-2032)
• Latin America Food Service Equipment Market Growth (2022-2032)
• Middle East & Africa Food Service Equipment Market Growth (2022-2032)
• Market Share Analysis of Key Companies in the Global Food Service Equipment Market (2024)
• Competitive Benchmarking: Key Players in the Food Service Equipment Industry
• Impact of Technological Advancements on the Food Service Equipment Market
• Revenue Contribution of Different Sales Channels in the Food Service Equipment Market
• Growth of QSR (Quick Service Restaurant) Segment in the Food Service Equipment Industry
• Impact of Regulations and Sustainability Initiatives on the Market
