Restaurant Equipment Market Report 2026

The restaurant equipment market size has grown strongly in recent years. It will grow from $4.15 billion in 2025 to $4.47 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth of the food service industry, expansion of urban dining culture, increase in hotel and restaurant establishments, demand for standardized food preparation, rising consumer spending on eating out.

The restaurant equipment market size is expected to see strong growth in the next few years. It will grow to $6.02 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growth of fast food and quick service chains, rising adoption of smart kitchen solutions, increasing focus on sustainable food service operations, expansion of cloud kitchens, demand for labor-saving kitchen equipment. Major trends in the forecast period include rising adoption of energy-efficient kitchen equipment, growing demand for compact and modular equipment designs, increased focus on hygiene and food safety compliance, expansion of equipment for quick service restaurants, rising preference for multi-functional cooking appliances.

The rising demand for ready-to-eat meals is anticipated to drive the growth of the restaurant equipment market in the coming years. Ready-to-eat meals are food products that are fully cooked, prepared, and packaged so they can be consumed without additional cooking or preparation. Several factors, including convenience, busy lifestyles, time efficiency, and urbanization, are contributing to the growing demand for ready-to-eat meals. Restaurant equipment plays a crucial role in the preparation, cooking, and packaging of these meals to ensure high-quality and convenient food products. For example, in April 2024, data from the National Association of Convenience Stores (NACS), a US-based trade association, indicated that total industry foodservice sales accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022, with prepared food sales rising by 12.2% per store per month, making it the top in-store category. Consequently, the growing demand for ready-to-eat meals is fueling the expansion of the restaurant equipment market.

Key players in the restaurant equipment market are concentrating on developing advanced products, such as next-generation combi ovens, to improve cooking efficiency and versatility. These advanced kitchen appliances combine steam and convection cooking methods for enhanced efficiency, precision, and versatility. For instance, in November 2023, UNOX Inc., a US-based manufacturer of food machinery, introduced its X-Generation combi ovens. Designed to revolutionize the food service industry, these ovens feature advanced technology to improve cooking speed, uniformity, and energy efficiency. They also include food-load sensitivity and intelligent climate management. The X-Generation ovens boast a modern design characterized by verticality and symmetry and are constructed from durable, high-strength materials. They come with the new Digital.ID operating system for seamless interaction and control.

In April 2024, Joe Warren & Sons Co. Inc., a US-based food equipment service company, acquired Able Restaurant Equipment Service Inc. for an undisclosed amount. This acquisition allows Joe Warren & Sons to enhance its service offerings in New Hampshire by incorporating refrigeration services from Able's existing portfolio. It also helps Joe Warren & Sons to expand and strengthen its market presence in the state. Able Restaurant Equipment Service Inc. specializes in the sales, service, and maintenance of restaurant equipment.

Major companies operating in the restaurant equipment market are Hobart Corporation, Middleby Corporation, Ali Group S.r.l., Welbilt Inc., ITW Food Equipment Group, Electrolux Professional Group, Blodgett Oven Company, Vulcan Food Equipment, Rational AG, Henny Penny Corporation, Garland Group, Alto-Shaam Inc., Bakers Pride Oven Company, Manitowoc Foodservice, True Manufacturing Company, Victory Refrigeration, TurboChef Technologies, Frymaster LLC, Lincoln Foodservice Products, Merrychef Limited, Robot Coupe, FKI Group, Cleveland Range, Imperial Commercial Cooking Equipment.

North America was the largest region in the restaurant equipment market in 2025. The regions covered in the restaurant equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the restaurant equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The restaurant equipment market consists of sales of serving equipment, dishwashing equipment, commercial furniture, safety and cleaning equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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