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Global Food Service Equipment Market Size, Share & Trends Analysis Report by Product (Kitchen Purpose Equipment, Refrigeration Equipment, Food Holding & Storing Equipment), by End-user, by Region, and Segment Forecasts, 2021-2028

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  • 171 Pages
  • February 2021
  • Region: Global
  • Grand View Research
  • ID: 3736945
Description Jump to:
The global food service equipment market size is estimated to reach USD 50.01 billion by 2028. It is projected to expand at an estimated CAGR of 5.5% from 2021 to 2028. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.



Equipment manufacturers are focusing on mergers and acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces. Furthermore, the pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional internet of things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase the preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.

The COVID-19 breakout and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market for food service equipment. Various industries such as food and beverage, travel and tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and takeaway from restaurants and hotels, resulting in some recovery of the food and beverage industry.

Food Service Equipment Market Report Highlights

  • In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028
  • In terms of product, the kitchen purpose equipment segment dominated the market with a revenue share of over 35.0% of the overall market in 2020
  • Expanding at a CAGR around 5.0% from 2021 to 2028, the Full Service Restaurant (FSR) end-user segment is estimated to dominate the market over the forecast period


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Purchased database
1.3.2 Internal Database
1.3.3 Secondary sources & third party perspective
1.3.4 Primary research
1.4 Information Analysis
1.4.1 Data analysis models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Introduction
3.2 Industry Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.2 Market restraint/challenges analysis
3.3.3 Industry opportunities
3.4 Penetration & Growth Prospect Mapping
3.5 Business Environment Analysis Tools
3.5.1 Porter’s five forces analysis
3.5.2 PEST analysis
Chapter 4 Product Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
4.2 Product Movement Analysis & Market Share, 2020 & 2028
4.3 Kitchen Purpose Equipment
4.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.3.2 Cooking equipment
4.3.2.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.3.3 Food & beverage equipment
4.3.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.4 Refrigeration Equipment
4.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.5 Ware Washing Equipment
4.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.6 Food Holding & Storing Equipment
4.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.7 Others
4.7.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 5 End-user Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
5.2 Product Movement Analysis & Market Share, 2020 & 2028
5.3 Full Service Restaurant (FSR)
5.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.4 Quick Service Restaurant (QSR)
5.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.5 Institutional
5.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.6 Others
5.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 6 Regional Estimates & Trend Analysis
6.1 Food Service Equipment Barket by Region, 2020 & 2028
6.2 Regional Movement Analysis & Market Share, 2020 & 2028
6.3 North America
6.3.1 Market by product, 2016 - 2028 (USD Billion)
6.3.1.1. Market for food service sector, 2016 - 2028 (USD Billion)
6.3.2 Market by end-user, 2016 - 2028 (USD Billion)
6.3.3 U.S.
6.3.3.1 Market by product, 2016 - 2028 (USD Billion)
6.3.3.1.1 Market for food service sector, 2016 - 2028 (USD Billion)
6.3.3.2 Market by end-user, 2016 - 2028 (USD Billion)
6.3.4 Canada
6.3.4.1 Market by product, 2016 - 2028 (USD Billion)
6.3.4.1.1 Market for food service sector, 2016 - 2028 (USD Billion)
6.3.4.2 Market by end-user, 2016 - 2028 (USD Billion)
6.4 Europe
6.4.1 Market by product, 2016 - 2028 (USD Billion)
6.4.1.1 Market for food service sector, 2016 - 2028 (USD Billion)
6.4.2 Market by end-user, 2016 - 2028 (USD Billion)
6.4.3 Germany
6.4.3.1 Market by product, 2016 - 2028 (USD Billion)
6.4.3.1.1 Market for food service sector, 2016 - 2028 (USD Billion)
6.4.3.2 Market by end-user, 2016 - 2028 (USD Billion)
6.4.4 U.K.
6.4.4.1 Market by product, 2016 - 2028 (USD Billion)
6.4.4.1.1 Market for food service sector, 2016 - 2028 (USD Billion)
6.4.4.2 Market by end-user, 2016 - 2028 (USD Billion)
6.5 Asia Pacific
6.5.1 Market by product, 2016 - 2028 (USD Billion)
6.5.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.5.2 Market by end-user, 2016 - 2028 (USD Billion)
6.5.3 China
6.5.3.1 Market by product, 2016 - 2028 (USD Billion)
6.5.3.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.5.3.2 Market by end-user, 2016 - 2028 (USD Billion)
6.5.4 India
6.5.4.1 Market by product, 2016 - 2028 (USD Billion)
6.5.4.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.5.4.2 Market by end-user, 2016 - 2028 (USD Billion)
6.5.5 Japan
6.5.5.1 Market by product, 2016 - 2028 (USD Billion)
6.5.5.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.5.5.2 Market by end-user, 2016 - 2028 (USD Billion)
6.6 Latin America
6.6.1 Market by product, 2016 - 2028 (USD Billion)
6.6.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.6.2 Market by end-user, 2016 - 2028 (USD Billion)
6.6.3 Brazil
6.6.3.1 Market by product, 2016 - 2028 (USD Billion)
6.6.3.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.6.3.2 Market by end-user, 2016 - 2028 (USD Billion)
6.6.4 Mexico
6.6.4.1 Market by product, 2016 - 2028 (USD Billion)
6.6.4.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.6.4.2 Market by end-user, 2016 - 2028 (USD Billion)
6.7 Middle East & Africa (MEA)
6.7.1 Market by product, 2016 - 2028 (USD Billion)
6.7.1.1 Market for food service sector, by type, 2016 - 2028 (USD Billion)
6.7.2 Market by end-user, 2016 - 2028 (USD Billion)
Chapter 7 Competitive Analysis
7.1 Recent Developments And Impact Analysis, By Key Market Participants
7.2 Growing Focus On Mergers And Acquisitions (Impact – High)
7.3 Company Categorization
7.4 Company Market Positioning
7.5 Vendor Landscape
7.5.1 List of key distributors, channel partners & end users
7.5.2. Competitive dashboard analysis, private/public
7.6 Public Companies
7.6.1 Company market positioning analysis
7.6.2 Company ranking
7.6.3 Market differentiators
7.6.4 Swot analysis
7.7 Private Companies
7.7.1 List of key emerging companies/technology disruptors/innovators
7.7.2 Company geographical presence
Chapter 8 Competitive Landscape
8.1 Company Profiles - Food Service Equipment market
8.1.1 AB Electrolux
8.1.1.1 Company overview
8.1.1.2 Financial performance
8.1.1.3 Service benchmarking
8.1.1.4 Recent developments
8.1.2 Ali Group S.r.L., a Socio Unico
8.1.2.1 Company overview
8.1.2.2 Financial performance
8.1.2.3 Product benchmarking
8.1.2.4 Recent developments
8.1.3 Dover Corporation
8.1.3.1 Company overview
8.1.3.2 Financial performance
8.1.3.3 Product benchmarking
8.1.3.4 Recent developments
8.1.4 Blue Star Limited
8.1.4.1 Company overview
8.1.4.2 Financial performance
8.1.4.3 Product benchmarking
8.1.4.4 Recent developments
8.1.5 Duke Manufacturing
8.1.5.1 Company overview
8.1.5.2 Financial performance
8.1.5.3 Product benchmarking
8.1.5.4 Recent developments
8.1.6 Fujimak Corporation
8.1.6.1 Company overview
8.1.6.2 Financial performance
8.1.6.3 Product benchmarking
8.1.6.4 Recent developments
8.1.7 Haier Group
8.1.7.1 Company overview
8.1.7.2 Financial performance
8.1.7.3 Product benchmarking
8.1.7.4 Recent developments
8.1.8 Hoshizaki Corporation
8.1.8.1 Company overview
8.1.8.2 Financial performance
8.1.8.3 Product benchmarking
8.1.8.4 Recent developments
8.1.9 Illinois Tool Works Inc.
8.1.9.1 Company overview
8.1.9.2 Financial performance
8.1.9.3 Product benchmarking
8.1.9.4 Recent developments
8.1.10 Rancilio Group
8.1.10.1 Company overview
8.1.10.2 Financial performance
8.1.10.3 Product benchmarking
8.1.10.4 Recent developments
8.1.11 Smeg S.p.A
8.1.11.1 Company overview
8.1.11.2 Financial performance
8.1.11.3 Product benchmarking
8.1.11.4 Recent developments
8.1.12 The Middleby Corporation
8.1.12.1 Company overview
8.1.12.2 Financial performance
8.1.12.3 Product benchmarking
8.1.12.4 Recent developments
8.1.13 The Vollrath Company, Llc
8.1.13.1 Company overview
8.1.13.2 Financial performance
8.1.13.3 Product benchmarking
8.1.13.4 Recent developments
8.1.14 Traulsen
8.1.14.1 Company overview
8.1.14.2 Financial performance
8.1.14.3 Product benchmarking
8.1.14.4 Recent developments
List of Tables
Table 1 Key market driver impact
Table 2 Key market restraint impact
Table 3 Kitchen purpose equipment market for food service sector, by region, 2016 - 2028 (USD billion)
Table 4 Food service cooking equipment market, by region, 2016 - 2028 (USD billion)
Table 5 Food & beverage equipment market for food service sector, by region, 2016 - 2028 (USD billion)
Table 6 Food service refrigeration equipment market for sector by region, 2016 - 2028 (USD billion)
Table 7 Food service ware washing equipment market, by region, 2016 - 2028 (USD billion)
Table 8 Food holding & storing equipment, by region, 2016 - 2028 (USD billion)
Table 9 Other food service equipment market, by region, 2016 - 2028 (USD billion)
Table 10 Food service equipment market for full service restaurants, by region, 2016 - 2028 (USD billion)
Table 11 Food service equipment market for quick service restaurants, by region, 2016 - 2028 (USD billion)
Table 12 Food service equipment market for institutions, by region, 2016 - 2028 (USD billion)
Table 13 Food service equipment market for others, by region, 2016 - 2028 (USD billion)
Table 14 North America food service equipment market, by product, 2016 - 2028 (USD billion)
Table 15 North America kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 16 North America food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 17 U.S. food service equipment market, by product, 2016 - 2028 (USD billion)
Table 18 U.S. kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 19 U.S. food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 20 Canada food service equipment market, by product, 2016 - 2028 (USD billion)
Table 21 Canada kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 22 Canada food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 23 Europe food service equipment market, by product, 2016 - 2028 (USD billion)
Table 24 Europe kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 25 Europe food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 26 U.K. food service equipment market, by product, 2016 - 2028 (USD billion)
Table 27 U.K. kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 28 U.K. food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 29 Germany food service equipment market, by product, 2016 - 2028 (USD billion)
Table 30 Germany kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 31 Germany food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 32 Asia Pacific food service equipment market, by product, 2016 - 2028 (USD billion)
Table 33 Asia Pacific kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 34 Asia Pacific food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 35 China food service equipment market, by product, 2016 - 2028 (USD billion)
Table 36 China kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 37 China food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 38 India food service equipment market, by product, 2016 - 2028 (USD billion)
Table 39 India kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 40 India food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 41 Japan food service equipment market, by product, 2016 - 2028 (USD billion)
Table 42 Japan kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 43 Japan food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 44 Latin America food service equipment market, by product, 2016 - 2028 (USD billion)
Table 45 Latin America kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 46 Latin America food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 47 Brazil food service equipment market, by product, 2016 - 2028 (USD billion)
Table 48 Brazil kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 49 Brazil food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 50 Mexico food service equipment market, by product, 2016 - 2028 (USD billion)
Table 51 Mexico kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 52 Mexico food service equipment market, by end-user, 2016 - 2028 (USD billion)
Table 53 MEA food service equipment market, by product, 2016 - 2028 (USD billion)
Table 54 MEA kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Table 55 MEA food service equipment market, by end-user, 2016 - 2028 (USD billion)
List of Figures
Fig. 1 Market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Market formulation and data visualization
Fig. 6 Food service equipment market snapshot
Fig. 7 Global food service equipment market revenue, 2016 - 2028 (USD billion)
Fig. 8 Food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 9 Kitchen service equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 10 Food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 11 Food service equipment market, by region, 2016 - 2028 (USD billion)
Fig. 12 Food Se service rvice equipment market: Value chain analysis
Fig. 13 Food service equipment market: PEST analysis
Fig. 14 Food service equipment market: Porters analysis
Fig. 15 Food service equipment market: Penetration & growth prospect mapping
Fig. 16 Food service equipment product market size estimates & forecasts and trend analysis, 2016 - 2028 Revenue (USD billion)
Fig. 17 Food service equipment product movement analysis & market share, 2020 & 2028
Fig. 18 Food service equipment end-user market size estimates & forecasts and trend analysis, 2016 - 2028 Revenue (USD billion)
Fig. 19 Food service equipment end-user movement analysis & market share, 2020 & 2028
Fig. 20 Regional market size estimates & forecasts and trend analysis, 2016 - 2028 (USD billion)
Fig. 21 Food service equipment regional movement analysis & market share, 2020 & 2028
Fig. 22 North America food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 23 North America kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 24 North America food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 25 U.S. food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 26 U.S. kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 27 U.S. food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 28 Canada food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 29 Canada kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 30 Canada food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 31 Europe food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 32 Europe kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 33 Europe food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 34 U.K. food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 35 U.K. kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 36 U.K. food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 37 Germany food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 38 Germany kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 39 Germany food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 40 Asia Pacific food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 41 Asia Pacific kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 42 Asia Pacific food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 43 China food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 44 China kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 45 China food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 46 India food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 47 India kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 48 India food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 49 Japan food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 50 Japan kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 51 Japan food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 52 Latin America food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 53 Latin America kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 54 Latin America food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 55 Brazil food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 56 Brazil kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 57 Brazil food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 58 Mexico food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 59 Mexico kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 60 Mexico food service equipment market, by end-user, 2016 - 2028 (USD billion)
Fig. 61 MEA food service equipment market, by product, 2016 - 2028 (USD billion)
Fig. 62 MEA kitchen purpose equipment market for food service sector, by type, 2016 - 2028 (USD billion)
Fig. 63 MEA food service equipment market, by end-user, 2016 - 2028 (USD billion)

Companies Mentioned

  • AB Electrolux
  • Ali Group S.r.L., a Socio Unico
  • Dover Corporation
  • Blue Star Limited
  • Duke Manufacturing
  • Fujimak Corporation
  • Haier Group
  • Hoshizaki Corporation
  • Illinois Tool Works Inc.
  • Rancilio Group
  • Smeg S.p.A
  • The Middleby Corporation
  • The Vollrath Company, Llc
  • Traulsen

Methodology

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Table Information

Report AttributeDetails
No. of Pages171
PublishedFebruary 2021
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 34.49 Billion
Forecasted Market Value ( USD ) by 2028 $ 34.68 Billion
Compound Annual Growth Rate0.1%
Regions CoveredGlobal
No. of Companies Mentioned14

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