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The global food service equipment market size reached US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Food service equipment refers to tools, utensils, crockery, and cutlery that assist in preparing, storing and serving food. It is available in several types according to different food service areas. For instance, trolleys, storage racks, weighing scales, and measuring cups and spoons are used for food storage purposes. Moreover, modular gas, fryers, wet grinders, and molding machines are utilized to prepare and cook food items. Nowadays, automated multi-use equipment finds extensive application for preparing food at home or restaurants as it reduces human efforts and time.
The rising consumption of fast food on account of rapid urbanization, changing dietary patterns, inflating income levels, and busy schedules represents one of the major factors creating a favorable outlook for the market. Moreover, commercial food service establishments, such as cafes and restaurants, are introducing healthy meal options and focusing on improving food safety. This, along with the increasingly health-conscious population, is fueling the growth of the market. In addition, governing agencies of numerous countries are establishing stringent food control standards, which is catalyzing the demand for advanced food service equipment. Apart from this, the growing popularity of food tourism and luxury hotels is contributing to market growth. The rising number of bars and restaurants is also impelling the market growth. Furthermore, the leading market players are integrating advanced technologies, such as the internet of things (IoT) and big data, to enable remote maintenance and self-diagnosis features. In confluence with this, a significant rise in the adoption of smart equipment that aids restaurants in cutting down wastage, improving traceability, and reducing costs are positively influencing the market across the globe.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food service equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end use.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Distribution Channel, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global food service equipment market was valued at US$ 34.3 Billion in 2021.
We expect the global food service equipment market to exhibit a CAGR of 5.4% during 2022-2027.
The rising popularity of automated multi-use food service equipment across food joints, restaurants,
cafes, etc., to reduce human involvement and serve numerous customers at a time, is primarily driving
the global food service equipment market.
The sudden outbreak of the COVID-19 pandemic has led to the growing integration of various advanced
technologies, such as IoT and Big Data with food service equipment, to facilitate remote maintenance
and minimize human involvement during food preparation.
Based on the product type, the global food service equipment market can be segmented into cooking
equipment, storage and handling equipment, warewashing equipment, food and beverage preparation
equipment, and serving equipment. Among these, cooking equipment holds the majority of the total
Based on the distribution channel, the global food service equipment market has been divided into
online and offline. Currently, offline channel exhibits a clear dominance in the market.
Based on the end use, the global food service equipment market can be categorized into full-service
restaurants and hotels, quick-service restaurants and pubs, and catering. Among these, full-service
restaurants and hotels account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global food service equipment market include AB Electrolux, Ali group
s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover
Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation, and Welbilt.
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