Global Food Service Equipment Market Growth (Status and Outlook) 2023-2029

Global Food Service Equipment Market Growth (Status and Outlook) 2023-2029

Food service equipment is a series of equipment used in Restaurants, Hotels, Pubs, Homes and other places for food service, such as food and drink preparation, cooking, heating and holding, and dishwashers, storage & handing equipment are also covered in this report.

LPI (LP Information)' newest research report, the “Food Service Equipment Industry Forecast” looks at past sales and reviews total world Food Service Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Food Service Equipment sales for 2023 through 2029. With Food Service Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Service Equipment industry.

This Insight Report provides a comprehensive analysis of the global Food Service Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Service Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food Service Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Service Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Service Equipment.

The global Food Service Equipment market size is projected to grow from US$ 43810 million in 2022 to US$ 61980 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.

Because of the high brand awareness, spacious factory and expensive equipment, the industry concentration is high and the competitive advantage of leading manufacturers is obvious. The revenue market share of Haier, Electrolux, Illinois Tool Works and Hoshizaki Corporation is about 58 percent of the world.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Service Equipment market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Food & Drink Preparation Equipment

Cooking Equipment

Heating and Holding Equipment

Storage & Handling Equipment

Warewashing Equipment

Others

Segmentation by application

Household

Commercial

Institutional

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Haier

AB Electrolux

Illinois Tool Works

Hoshizaki Corporation

Ali S.p.A

Welbilt

Dover Corporation

Middleby Corporation

Rational AG

Standex International Corporation

Fujimak Corporation

The Vollrath Company

Duke Manufacturing

Alto-Shaam

Boelter

Please note: The report will take approximately 2 business days to prepare and deliver.