The global food service equipment market size is expected to
reach USD 44.66 billion by 2025, at a CAGR of 5.0% over the forecast period,
according to a new report by Grand View Research, Inc. Expansion of food
service industry and demand for high-end technologies is creating new growth avenues
for the market. Changing lifestyle of the working population coupled with high
demand for ready-to-cook food is boosting the sales of refrigeration equipment.
Moreover, increasing disposable income and the need to upgrade kitchen
equipment are also contributing to the growth.
The kitchen purpose segment led the market in
2018. The segment is further categorized into cooking equipment and food and
beverage preparation equipment. These equipment are an essential part of
producing food for a large number of customers. The equipment are used to carry
out different operation ranging from cooking, cutting, baking, and others to
improve the productivity of food production operation.
The market for quick service segment is
expected to expand at the highest CAGR over the forecast period and is expected
to reach over USD 13.17 billion by 2025. Food service equipment are extensively
used in restaurants for food processing and handling. Substantial growth of the
quick-service restaurant, especially in Asian Countries such as China and India
is expected to boost overall market growth in the forthcoming years.
For full research report on Food
Service Equipment Market visit here: https://www.grandviewresearch.com/industry-analysis/food-service-equipment-market
Further key
findings from the report suggest:
- Full service equipment emerged as the largest
segment in 2018 and is expected to expand at a CAGR of 4.4% over the
forecast period
- Cooking equipment is expected to expand at the
highest CAGR of 5.8% over the forecast period
- North America led the market in 2018.
Technological advancements in cooking processes is providing avenues for
new requirements and opportunities of restaurant equipment. The food
industry in this region is also witnessing an urgent need for increased
efficiency to deliver larger outputs along with lesser preparation cost
- Key players operating in the food service
equipment market include AB Electrolux; Ali Group; ITW; Middleby
Corporation; and Dover Corporation Manitowoc Company Inc. among others
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Grand
View Research has segmented the food service equipment market on the basis of
product, end-user, and region:
Food Service
Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)
- Kitchen Purpose
- Cooking Equipment
- Food & Beverage
Preparation Equipment
- Refrigeration
- Ware Washing
- Food Holding &
Storing
- Others
Food Service
Equipment End-user Outlook (Revenue, USD Million, 2015 - 2025)
- Full Service
Restaurant (FSR)
- Quick Service
Restaurant (QSR)
- Institutional
- Others
Food Service
Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Latin America
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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