Restaurant & Hotel Equipment Wholesaling in the US - Industry Market Research Report

Restaurant & Hotel Equipment Wholesaling in the US - Industry Market Research Report

Restaurant & Hotel Equipment Wholesaling in the US

A variety of factors, including the state of the economy and travel-related trends, drive the performance of the Restaurant and Hotel Equipment Wholesaling industry. Over the past five years, industry revenue expanded before declining in 2020, as downstream restaurants and hotels increased expenditures on capital improvements in light of improving consumer demand. However, the COVID-19 outbreak generated the industry's most significant revenue decline in recent years, contracting 9.5% in 2020 alone. Overall, industry revenue is expected to increase at a CAGR of 6.1% over the past five years, including growing 5.1% to an estimated $47.3 billion in 2023 alone. In line with revenue growth, profit will rise as coronavirus restrictions ease and more people get the vaccine.

Companies in this industry distribute, sell and repair commercial machines and equipment used in restaurants and hotels. These products include cooking equipment, dishwashing equipment, balances and scales, soda fountains and food service fixtures and signs. This industry excludes the wholesaling of refrigeration equipment, which is included in the Refrigeration Equipment Wholesaling industry (IBISWorld report 42374).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.