Commercial Foodservice Equipment Market by Equipment Type (Food Preparation Equipment, Kitchen Cooking Equipment, Refrigeration Equipment), Distribution (Offline, Online), End-User - Global Forecast 2024-2030

Commercial Foodservice Equipment Market by Equipment Type (Food Preparation Equipment, Kitchen Cooking Equipment, Refrigeration Equipment), Distribution (Offline, Online), End-User - Global Forecast 2024-2030

The Commercial Foodservice Equipment Market size was estimated at USD 32.44 billion in 2023 and expected to reach USD 34.53 billion in 2024, at a CAGR 6.81% to reach USD 51.48 billion by 2030.

Commercial foodservice equipment encompasses many machines, tools, and appliances designed to facilitate various operations in establishments where food & beverages are prepared and served on a large scale. Commercial food service equipment is used in restaurants, cafeterias, hotels, and catering services. The primary purpose of such equipment is to ensure efficient, hygienic, and high-quality food preparation, cooking, storage, and service. Commercial foodservice equipment is built to withstand heavy usage and meet stringent health and safety standards, distinguishing it from equipment used in residential kitchens. Commercial foodservice equipment plays a critical role in the operational success of the food service industry by optimizing workflows, maintaining food safety, and enhancing the overall culinary experience. The commercial foodservice equipment market is primarily driven by the expanding global hospitality sector, alongside rising consumer inclination towards dining out and exploring diverse cuisines. The increasing emphasis on adopting energy-efficient and eco-friendly equipment due to growing environmental concerns also fuels the growth of the commercial foodservice equipment market. However, the complexity and cost associated with the maintenance and repair of high-end equipment hinder the adoption of commercial foodservice equipment. Innovations focused on automation, IoT integration, and energy efficiency present opportunities to cater to the evolving needs of the foodservice industry.

Regional Insights

The commercial foodservice equipment market in the Americas is experiencing steady growth, driven by the robust performance of the restaurant and hospitality sectors, especially in the United States and Canada. Innovations in energy-efficient and smart kitchen appliances are further fueling market expansion. The high demand for fast food and the quick-service restaurant (QSR) culture prevalent in the American region also significantly contribute to the market's growth. The Asia-Pacific region is witnessing a rapid surge in the commercial foodservice equipment market, with emerging economies including China and India. This growth is underpinned by a rising middle-class population, increasing disposable incomes, and a flourishing tourism industry. The market is characterized by a high demand for technologically advanced and automated equipment, aiming to enhance operational efficiency and reduce labor costs. Fast food chains and the rising trend of cloud kitchens are significantly driving demand in the Asia-Pacific region. The MEA region is witnessing growth in the hospitality and foodservice sectors, driven by tourism and an increasing population. In the Middle East, there is a significant investment in luxury and high-end foodservice establishments, fueling demand for premium, innovative kitchen equipment. The commercial foodservice equipment market in Europe is experiencing robust growth, driven by the rising trend of quick-service restaurants and technological advancements in equipment efficiency and sustainability. The African region showcases potential for growth in quick-service and casual dining formats, necessitating durable and cost-effective equipment solutions. Governments and private sector initiatives in the EMEA region increasingly focus on food safety standards and practices, influencing equipment purchasing decisions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Commercial Foodservice Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Adoption of processing equipment in commercial food processing operations
Ongoing expansion of quick service and fast casual restaurants
Growing emphasis on adopting energy-efficient and eco-friendly equipment

Market Restraints

High initial investment in advanced foodservice equipment

Market Opportunities

Development of cloud kitchens and food delivery services
Ongoing innovations in foodservice equipment with the incorporation of advanced technologies

Market Challenges

Complexity associated with the maintenance and repair of high-end equipment

Market Segmentation Analysis

Equipment Type: Increasing use of kitchen cooking equipment owing to the versatility and precision they offer
Distribution: Widening adoption of online distribution channels

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Commercial Foodservice Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Commercial Foodservice Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Lincoln Foodservice Equipment Established New U.S. Site In LA

Lincoln Foodservice Equipment established a new facility in Louisiana. The significant move marks the expansion of the company's manufacturing and logistics operations and underscores its commitment to catering to the growing demands of the foodservice industry with heightened efficiency and innovation. Situated in a key geographic location, the new site is poised to serve as a pivotal hub, optimizing supply chain logistics and ensuring the timely delivery of top-notch foodservice equipment to clients nationwide.

Sysco Announced Plans to Acquire Equipment & Supplies Distributor Edward Don & Company

Sysco Corporation announced plans to enhance its portfolio by strategically acquiring Edward Don & Company (DON). The acquisition positions Sysco to broaden its capabilities and offerings, establishing a specialized equipment and supplies platform. Sysco is poised to deliver enhanced selection and service to its customers, reinforcing its commitment to diversification and excellence in the foodservice industry.

Revalize Expands Foodservice Equipment & Supplies Portfolio with Latest Acquisition

Revalize expanded its portfolio through the strategic acquisition of KCL, the provider of design software for the foodservice equipment sector in North America and internationally. The acquisition enhances the design process for KCL's extensive user base, offering a seamless, integrated experience for designing and customizing kitchen layouts. The acquisition also signifies a significant step forward in simplifying and optimizing the design-to-purchase process for the commercial foodservice equipment industry, fostering closer collaboration between designers and manufacturers.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Commercial Foodservice Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Commercial Foodservice Equipment Market, highlighting leading vendors and their innovative profiles. These include Advance Tabco, Alto-Shaam, Inc., Amtekco Industries, Inc., Berjaya Steel Product Sdn. Bhd., Cambro Manufacturing, Dover Corporation, Edward Don & Company, Electrolux Professional Singapore Pte Ltd, Fujimak Corporation, Hoshizaki Group, ITW Food Equipment Group, MEIKO, Middleby Corporation, Moffat Group, National Refrigeration and Air Conditioning Products Inc., Pentair, Perlick Corporation, RATIONAL AG, Robot Coupe, Standex International Corporation, T&S Brass and Bronze Works, Inc., The Vollrath Company, LLC, True Manufacturing Co., Inc., UNOX S.p.A., and Welbilt, Inc. by Ali Group.

Market Segmentation & Coverage

This research report categorizes the Commercial Foodservice Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment Type
Food Preparation Equipment
Blenders
Food Processors
Mixers
Slicers
Kitchen Cooking Equipment
Fryers
Grills
Ovens
Ranges
Steamers
Refrigeration Equipment
Prep Tables
Reach-in Refrigerators & Freezers
Undercounter Refrigerators
Walk-in Refrigerators & Freezers
Washing and Sanitation Equipment
Dishwashers
Handwashing Stations
Three-Compartment Sinks
Distribution
Offline
Online
End-User
Food Production Facilities
Foodservice Outlets
Food Trucks
Full Service Restaurant
Quick Service Restaurant
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year