Global Commercial Foodservice Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Commercial Foodservice Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Commercial Food Service Equipment refers to a range of equipment used in restaurants or in various types of food stores, including Baking Equipment, Cooking Equipment, Ware Washing Equipment, Preparation Equipment, Holding & Storing Equipment, Beverage Equipment, Ice, Refrigeration and Others. The report mainly studies the global commercial food service equipment market.

Market Overview:


The latest research study on the global Commercial Foodservice Equipment market finds that the global Commercial Foodservice Equipment market reached a value of USD 35081.08 million in 2022. It’s expected that the market will achieve USD 47787.5 million by 2028, exhibiting a CAGR of 5.29% during the forecast period.

The Covid-19 pandemic has brought challenges to the normal operation of the supply chain. In the current market economy, the upstream and downstream industrial chains have never been so closely linked. The Covid-19 pandemic has caused a large number of factories to stop production, staff isolation and transportation obstruction. This will affect the transportation of raw materials of Commercial Foodservice Equipment production companies. If the supply of raw materials is blocked, the normal production of equipment will also be affected. At the same time, products will be affected by transportation, which makes sales more troublesome. Therefore, dealing with the impact of Covid-19 on the supply chain will become one of the main problems that Commercial Foodservice Equipment manufacturers need to deal with.

In addition, the global catering industry has been hit hard by the epidemic. The phenomenon of going out to gather is reduced, because the activities in dining places usually involve the characteristics of a wide area, high density of people and great mobility of workers. In order to resolutely curb the spread of pneumonia in Covid-19 and ensure people's safety and health. Basically, the following measures have been taken in various regions to strictly strengthen prevention and control (strictly implement the management and control of restoration projects, strictly control the sales activities of the catering industry, and strictly protect on-site personnel), so as to avoid the risk of cross-infection caused by the concentration of personnel, resulting in the reduction of downstream catering activities and the reduction of the demand for Commercial Foodservice Equipment.

Technological updates are accelerating

The application of new technologies in the Commercial Foodservice Equipment industry will be more and more extensive, and the speed of product renewal will be accelerated. It is the consensus of leading enterprises in the industry to introduce advanced equipment in time, update concepts and technologies, and introduce concepts such as intelligent manufacturing into production organization.

Raw material risk

The upstream industry is a competitive industry. Usually, the basic raw materials and parts for the company's products can be adequately supplied through outsourcing and external processing. At present, the upstream industry is fully developed and the technology is progressing rapidly, which is beneficial to the healthy development of the industry.
Changes in the prices of raw materials and spare parts provided by the upstream industry will directly affect the purchasing cost of the industry, and their quality and delivery cycle will also affect the quality and delivery cycle of products produced by the industry. If the upstream industry's cost rises or its production capacity shrinks, it will lead to the industry's cost rise or affect the delivery cycle, thus affecting the development of the industry.

Region Overview:


In global comparison, a significant portion of the revenue was generated in North America (37.58% in 2021).

Company Overview:


Ali Group is one of the major players operating in the Commercial Foodservice Equipment market, holding a share of 10.93% in 2021.

Ali Group

Ali Group is the largest, most diversified global leader in the foodservice equipment industry. Ali Group designs, manufactures, markets and services a broad line of equipment used for commercial food cooking, preparation and processing.

ITW Food Equipment Group

ITW Food Equipment Group, a division of Illinois Tool Works, is the brand behind the brands found in commercial kitchens, bakeries, delis and groceries worldwide. An ENERGY STAR Partner of the Year since 2008, ITW Food Equipment Group embodies a family of premium brands including Hobart, Traulsen, Baxter, Vulcan, Wolf, Berkel, Stero, Somat and Gaylord among others worldwidecovering all your food equipment needs, from food preparation and refrigeration to cooking and baking to dishwashing and waste disposal to weighing and packaging.

Segmentation Overview:


Among different product types, Cooking Equipment segment is anticipated to contribute the largest market share in 2027.

These devices provide for the execution of specific processes or functions. With their help, the downstream business sector can provide faster and better services.

Application Overview:


The market's largest segment by application is the segment Full Service Restaurant (FSR), with a market share of 58.43% in 2021.

Full Service Restaurant (FSR)

Establishments with a relatively broad menu along with table, counter and/or booth service and a wait staff. These establishments offer meals and snacks for immediate consumption primarily on - premise, though they may also offer takeout service.

Quick Service Restaurant (QSR)

It is a restaurant that provides certain foods, which only need less preparation time and are delivered through quick service. Some straight-through restaurants do not provide any tables or seats, but collect orders and deliver them through a counter. Orders are usually prepared in advance, highly standardized, and there is no room for customization. These types of restaurants do not depend on the service profit, but on the frequency of passenger flow.

Key Companies in the global Commercial Foodservice Equipment market covered in Chapter 3:

Alto-Shaam
Middleby
Ali Group
Waring
fujimak corporation
Henny Penny
ITW Food Equipment Group
San Jamar
Duke Manufacturing
Electrolux
Hatco
Welbilt
The Vollrath Company
Cambro Manufacturing
Dover Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Commercial Foodservice Equipment market from 2018 to 2029 is primarily split into:

Baking Equipment
Cooking Equipment
Ware Washing Equipment
Preparation Equipment
Holding & Storing Equipment
Beverage Equipment
Ice
Refrigeration

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Commercial Foodservice Equipment market from 2018 to 2029 covers:

Full Service Restaurant (FSR)
Quick Service Restaurant (QSR)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)