Restaurant & Hotel Equipment Wholesaling in Canada - Industry Market Research Report

Restaurant & Hotel Equipment Wholesaling in Canada - Industry Market Research Report

Restaurant & Hotel Equipment Wholesaling in Canada

Restaurant and hotel equipment wholesalers distribute commercial cooking, dishwashing and food service equipment to downstream buyers in the hospitality sector. Wholesalers' relationship with restaurants and hotels exposes them to fluctuations in consumer spending and economic conditions. Still, while strong economic performance in Canada has benefited restaurants and hotels in recent years, wholesalers haven't enjoyed the same luck. A competitive industry has made it difficult for wholesalers to gain a hold on the market, with e-commerce sales providing an opportunity for wholesalers to expand but bolstering competition from leading wholesalers and manufacturers. The COVID-19 pandemic exacerbated a challenging operating environment as unprecedented hospitality sector disruptions flooded the wholesale industry. While initial pandemic disruptions have waned, elevated interest rates and uncertain economic conditions are straining wholesalers' recovery. In all, industry-wide revenue has been declining at a CAGR of 2.7% over the past five years – totaling an estimated $2.9 billion in 2023 – when revenue will fall an expected 0.2%.

The Restaurant and Hotel Equipment Wholesaling industry in Canada distributes, sells and repairs commercial machines and equipment used in restaurants, hotels and stores. Products include balances and scales, cooking equipment and dishwashing equipment.

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."