Global Food Service Equipment Market Size, Trends and Growth opportunity, By Product Type (Cooking Equipment, Storage and Handling Equipment, Ware washing Equipment, Food and Beverage Preparation Equipment, Serving Equipment and Others), End User (Full Service Restaurant, Quick Service Restaurant, Institutional, Hotels and Clubs, Caterers and Other), Distribution Channel (Online and Offline), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR1001953 | Industries : Healthcare | Published On :June 2024 | Page Count : 178
Global Food Service Equipment Market Size, Trends and Growth opportunity, By Product Type (Cooking Equipment, Storage and Handling Equipment, Ware washing Equipment, Food and Beverage Preparation Equipment, Serving Equipment and Others), End User (Full Service Restaurant, Quick Service Restaurant, Institutional, Hotels and Clubs, Caterers and Other), Distribution Channel (Online and Offline), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Food Service Equipment Market
Global Food Service Equipment Market was valued at USD 6.2 billion in 2021 and is expected to reach USD 19.4 billion by 2027, at a CAGR 15.32% from 2022-2027.
Equipment for the food service industry is used to prepare and store food goods for commercial usage. These appliances include cooking appliances, storage and handling appliances, dishwashing appliances, food and beverage preparation appliances, and serving appliances. The food service sector, including restaurants, hotels, and other commercial kitchens, uses this equipment. There is a broad variety of food service equipment available in terms of size, shape, and material. The most important element for the food and beverage industry is food service equipment.
Market Drivers
Some of the key market drivers are rising takeaway demand, changing food consumption patterns, and the expanding hotel sector. Furthermore, due to factors including advancing digitization, the demand for environmentally friendly and sustainable equipment, and tight consumer safety requirements, the market is predicted to have substantial development opportunities in the near future. Due to customers' evolving needs for kitchen furniture, the market has fast altered.
Additionally, the expansion of the food service sector and the rising demand for equipment that is multifunctional, effective, space and time efficient, and requires less labour fuel the market growth.
Market Restraints
The complexity of some equipment's applications will pose a significant obstacle to the market's expansion. The market for food service equipment will have less room to grow as a result of high equipment costs. The market growth rate for food service equipment will also be hampered by high energy consumption and a shortage of experienced operators.
Market Segmentation
Global Food Service Equipment Market is segmented into Product Type, End User, and Distribution Channel.
Based on Product Type the market is segmented into Cooking Equipment, Storage and Handling Equipment, Ware washing Equipment, Food and Beverage Preparation Equipment, Serving Equipment and Others.
Based on End User the market is divided into Full Service Restaurant, Quick Service Restaurant, Institutional, Hotels and Clubs, Caterers and Other.
Based on Distribution Channel the market is segmented into Online and Offline
Regional Analysis
Global Food Service Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia-Pacific is estimated to grow at highest CAGR during the projected period, which is expected to experience significant gains. This is a result of the food and beverage industries' exponential development and expansion, globalisation, westernisation, changing lifestyles, and rising personal disposable income. Rising travel, tourism, and hospitality will all help the market expand.
Also, restaurants are including a variety of cuisines on their menus since more and more patrons are trying new meals and developing a taste for various cuisines. In addition, it is anticipated that the Asia Pacific area will experience a surge in demand for these appliances because to the growing consumption of processed foods.
Key Players
Various key players are discussed into the Global Food Service Equipment Market Report including: Welbilt, Dover Corporation, Smeg S.p.A, Electrolux, Ali Group S.r.l. a Socio Unico, Duke Manufacturing., Haier lnc.,, FUJIMAK CORPORATION., ITW Food Equipment Group, The Middleby Corporation, Manitowoc Foodservice, The Vollrath Company, LLC, Wipro Digital, Kitchenrama, Berjaya Steel Product Sdn. Bhd,, and Shreemanek.
Market Taxonomy
By Product Type
• Cooking Equipment
• Storage and Handling Equipment
• Ware washing Equipment
• Food and Beverage Preparation Equipment
• Serving Equipment
• Other
By End User
• Full Service Restaurant
• Quick Service Restaurant
• Institutional
• Hotels and Clubs
• Caterers
• Other
By Distribution Channel
• Online
• Offline
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Food Service Equipment Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Food Service Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Food Service Equipment Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Food Service Equipment Market Share Analysis, By Product Type
5.3 Global Food Service Equipment Market Size and Forecast, By Product Type
5.3.1. Cooking Equipment
5.3.2. Storage and Handling Equipment
5.3.3. Ware washing Equipment
5.3.4. Food and Beverage Preparation Equipment
5.3.5. Serving Equipment
5.3.6. Others
6 Global Food Service Equipment Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Food Service Equipment Market Share Analysis, By End User
6.3 Global Food Service Equipment Market Size and Forecast, By End User
6.3.1 Full Service Restaurant
6.3.2. Quick Service Restaurant
6.3.3. Institutional
6.3.4. Hotels and Clubs
6.3.5. Caterers
6.3.6. Others
7 Global Food Service Equipment Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Food Service Equipment Market Share Analysis, By Distribution Channel
7.3 Global Food Service Equipment Market Size and Forecast, By Distribution Channel
7.3.1. Online
7.3.2. Offline
8 Global Food Service Equipment Market, By Region
8.1 Global Food Service Equipment Market Share Analysis, By Region
8.2 Global Food Service Equipment Market Size and Forecast, By Region
9 North America Fluid Management Devices Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Fluid Management Devices Market Share Analysis, By Product Type
9.3 North America Fluid Management Devices Market Size and Forecast, By End User
9.4 North America Fluid Management Devices Market Size and Forecast, By Distribution Channel
9.5 North America Fluid Management Devices Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Fluid Management Devices Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Fluid Management Devices Market Share Analysis, By Product Type
10.3 Europe Fluid Management Devices Market Size and Forecast, By End User
10.4 Europe Fluid Management Devices Market Size and Forecast, By Distribution Channel
10.5 Europe Fluid Management Devices Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Fluid Management Devices Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Fluid Management Devices Market Share Analysis, By Product Type
11.3 Asia Pacific Fluid Management Devices Market Size and Forecast, By End User
11.4 Asia Pacific Fluid Management Devices Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Fluid Management Devices Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Fluid Management Devices Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Fluid Management Devices Market Share Analysis, By Product Type
12.3 Latin America Fluid Management Devices Market Size and Forecast, By End User
12.4 Latin America Fluid Management Devices Market Size and Forecast, By Distribution Channel
12.5 Latin America Fluid Management Devices Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Fluid Management Devices Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Fluid Management Devices Market Share Analysis, By Product Type
13.3 Middle East Fluid Management Devices Market Size and Forecast, By End User
13.4 Middle East Fluid Management Devices Market Size and Forecast, By Distribution Channel
13.5 Middle East Fluid Management Devices Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Welbilt
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Dover Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Smeg S.p.A
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Electrolux
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Ali Group S.r.l. a Socio Unico
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Duke Manufacturing
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Haier lnc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 FUJIMAK CORPORATION
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 ITW Food Equipment Group
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 The Middleby Corporation
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Wipro Digital
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 The Vollrath Company, LLC.
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies