1 Global Commercial Foodservice Equipment Market Size (Revenue) and CAGR (2024-2033)
Global Commercial Foodservice Equipment market generated revenue of USD 26478.9 Million in 2024 with a CAGR of 5.93% during 2024 to 2033.
The commercial foodservice equipment market has been experiencing steady growth, driven by several key factors. One of the primary drivers is the increasing demand from the hospitality and foodservice sectors. As the global population continues to grow and urbanization accelerates, there is a rising need for efficient and high-quality foodservice equipment in restaurants, hotels, and other foodservice establishments.
Technological advancements have also played a significant role in shaping the market. Innovations in equipment design and functionality have led to more efficient and sustainable solutions. For instance, there is a growing emphasis on energy-efficient and environmentally friendly equipment, which not only reduces operational costs but also aligns with the increasing focus on sustainability.
Moreover, the market has been influenced by the expansion of the middle class in emerging markets. As incomes rise, there is a greater demand for dining out and higher-quality foodservice experiences. This has led to increased investments in commercial foodservice equipment to meet the evolving needs of consumers.
Figure Global Commercial Foodservice Equipment Market Size (M USD) Outlook (2024-2033)
2 Commercial Foodservice Equipment Market Drivers
Table Market Drivers
Market Drivers | Description |
Demand in the downstream market is rising | The goal of equipment manufacturers is to focus on the cost-effective services that can be provided to improve the quality of food and services, which can be used for the preparation, service and storage of food and beverage products. Commercial Foodservice Equipment is widely used in Chinese food, western food, hotels, bakeries, bars, cafes, canteens, fast food restaurants and other places. Compared with domestic foodservice equipment, there are more product specifications and types, and the scope of application is wider. In the current market situation, in the past few years, the turnover of customers to restaurants and catering service stores has remained stable or showed an upward trend. In addition, with the increasingly fierce competition in the catering industry and the increasing number of fast food chain stores, people pay more and more attention to the efficient supply chain. The application of Commercial Foodservice Equipment can greatly improve efficiency and save labor cost. Therefore, the demand for Commercial Foodservice Equipment in the downstream market is growing steadily. |
New sales channels | Agent sales is one of the important modes of Commercial Foodservice Equipment. The advantage of agency sales is that the sales network expands rapidly, the labor cost and time cost are relatively small, and it quickly occupies the market. However, too many intermediate links further reduce the operating costs of enterprises and improve the profitability of Commercial Foodservice Equipment enterprises. One of the latest trends driving the Commercial Foodservice Equipment market is online shopping, which makes it easy for consumers to choose their favorite products. Traditional marketing methods usually rely on distributors and other channels. However, e-commerce allows companies to set up their own websites or sell products on other major platforms. Because of convenience and diversity, consumers tend to shop online. Therefore, the integration of e-commerce undoubtedly expands the marketing and sales channels. This method can not only improve brand awareness, but also bring extra profits to the company. The increase of smartphone usage, special applications and new payment methods have promoted the whole online market, thus promoting the growth of the Commercial Foodservice Equipment market. |
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. |
3 Global Commercial Foodservice Equipment Market by Type in 2024
In 2024, the commercial foodservice equipment market showcased a diverse range of product types, each catering to specific needs within the foodservice industry.
Baking Equipment
Baking equipment encompasses a variety of tools and machinery used for preparing baked goods. This category includes ovens, proofers, mixers, and other specialized equipment designed to handle the unique requirements of baking processes. In 2024, the baking equipment segment accounted for a significant portion of the market, driven by the growing demand for baked goods in restaurants, bakeries, and other foodservice establishments. The market size for baking equipment reached 5,980.3 million USD, representing a substantial share of the overall commercial foodservice equipment market. However, while it maintained a steady growth rate, it was not the fastest-growing segment.
Cooking Equipment
Cooking equipment is a broad category that includes a wide range of appliances used for preparing various types of food. This segment encompasses equipment such as ranges, griddles, fryers, and ovens, which are essential in commercial kitchens. In 2024, cooking equipment held the largest market share, with a value of 8,335.3 million USD. This dominance can be attributed to the fundamental role of cooking equipment in food preparation across all types of foodservice operations. The segment also experienced a robust growth rate, reflecting the ongoing expansion of the foodservice industry and the need for more efficient and versatile cooking solutions.
Ware Washing Equipment
Ware washing equipment includes dishwashers, glass washers, and other cleaning appliances used to maintain hygiene and cleanliness in commercial kitchens. In 2024, the market size for ware washing equipment was 3,131.1 million USD. While this segment did not have the largest market share, it played a crucial role in supporting the operations of foodservice establishments. The growth rate for ware washing equipment was steady, driven by the increasing emphasis on food safety and hygiene standards.
Preparation Equipment
Preparation equipment consists of tools and machinery used for food preparation tasks such as slicing, chopping, and mixing. This category includes equipment like food processors, slicers, and prep tables. In 2024, the preparation equipment market was valued at 5,445.9 million USD. This segment experienced a notable growth rate, primarily due to the rising demand for efficient food preparation solutions in the foodservice industry. The need for automation and increased productivity in food preparation processes contributed to the growth of this segment.
Holding & Storing Equipment
Holding and storing equipment includes refrigeration units, freezers, and other appliances used for preserving and storing food. In 2024, the market size for holding and storing equipment was 7,996.1 million USD. This segment was the second-largest in terms of market share, reflecting the critical role of food preservation in the foodservice industry. The growth rate for holding and storing equipment was also significant, driven by advancements in refrigeration technology and the need for more efficient food storage solutions.
In 2024, the commercial foodservice equipment market was characterized by a diverse range of product types, each with its unique applications and growth dynamics. While cooking equipment held the largest market share, preparation equipment experienced the fastest growth rate. Understanding these trends provides valuable insights for industry stakeholders, enabling them to make informed decisions and capitalize on emerging opportunities in the market.
Table Global Commercial Foodservice Equipment Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share |
|---|---|---|
Cooking Equipment | 8,335.3 | 22.55% |
Baking Equipment | 5,980.3 | 16.18% |
Ware Washing Equipment | 3,131.1 | 8.47% |
Preparation Equipment | 5,445.9 | 14.73% |
Holding & Storing Equipment | 7,996.1 | 21.63% |
Others | 6,075.5 | 16.44% |
Total | 36,964.2 | 100.00% |
4 Global Commercial Foodservice Equipment Market by Application in 2024
The commercial foodservice equipment market in 2024 was driven by various applications, each contributing significantly to the overall market size and growth.
Full Service Restaurant (FSR)
Full service restaurants (FSRs) are establishments that offer a broad menu and provide table service, counter service, or booth service. In 2024, FSRs accounted for the largest market share of the commercial foodservice equipment market, with a value of 21,075.9 million USD. This dominance can be attributed to the comprehensive range of equipment required to support the diverse food preparation and service needs of FSRs. The growth rate for FSR applications was steady, reflecting the ongoing expansion of the full service restaurant sector and the need for high-quality equipment to enhance customer experiences.
Quick Service Restaurant (QSR)
Quick service restaurants (QSRs) are characterized by their fast-paced operations and limited menu offerings. In 2024, the QSR segment had a market size of 10,690.6 million USD. While it did not have the largest market share, QSRs experienced a significant growth rate. This growth can be attributed to the increasing popularity of fast food and the expansion of QSR chains globally. The demand for efficient and reliable equipment to support high-volume food production and service contributed to the growth of this segment.
Among the different applications, quick service restaurants (QSRs) emerged as the fastest-growing segment in 2024. The rapid expansion of QSR chains and the increasing consumer preference for convenient and affordable dining options have driven the demand for commercial foodservice equipment in this sector. As QSRs continue to innovate and expand their offerings, the need for efficient and reliable equipment remains a key factor in their success.
Table Global Commercial Foodservice Equipment Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share |
|---|---|---|
Full Service Restaurant (FSR) | 21,075.9 | 57.02% |
Quick Service Restaurant (QSR) | 10,690.6 | 28.92% |
Others | 5,197.7 | 14.06% |
Total | 36,964.2 | 100.00% |
5 Global Commercial Foodservice Equipment Market by Region in 2024
In 2024, the global commercial foodservice equipment market exhibited significant growth across various regions, driven by the expanding foodservice industry and increasing demand for efficient and advanced equipment.
North America
North America remained the largest regional market for commercial foodservice equipment in 2024, with a revenue of 13,752.4 million USD. This dominance can be attributed to the well-established foodservice industry in the United States and Canada, characterized by a high number of full service and quick service restaurants. The region’s strong economy and consumer spending power also contributed to the robust demand for high-quality foodservice equipment. Additionally, North America’s focus on innovation and technological advancements in equipment design and functionality further bolstered its market position.
Europe
Europe was the second-largest regional market in 2024, with a revenue of 10,723.9 million USD. The region’s diverse food culture and thriving hospitality industry, particularly in countries like the United Kingdom, France, and Germany, drove the demand for commercial foodservice equipment. Europe’s emphasis on sustainability and energy efficiency also influenced the market, as many establishments sought equipment that aligned with their environmental goals. The region’s growth was steady, reflecting its established foodservice infrastructure and ongoing investments in modernizing equipment.
Asia Pacific
The Asia Pacific region experienced significant growth in 2024, with a revenue of 9,988.5 million USD. This growth can be attributed to the rapid expansion of the foodservice industry in emerging markets such as China, Japan, and South Korea. The increasing urbanization and rising middle class in these countries led to a surge in demand for dining out and high-quality foodservice equipment. Additionally, the region’s growing population and expanding tourism sector further fueled the market. Asia Pacific emerged as the fastest-growing region, driven by its dynamic economy and the increasing adoption of advanced foodservice equipment to meet the evolving needs of consumers.
South America
South America’s commercial foodservice equipment market reached a revenue of 1,352.6 million USD in 2024. The region’s growth was driven by the expansion of the foodservice industry in countries like Brazil and Argentina. The increasing popularity of local and international cuisines, as well as the growth of tourism, contributed to the demand for commercial foodservice equipment. However, compared to other regions, South America’s market share was relatively smaller, reflecting its current stage of development and the potential for further growth.
Middle East and Africa
The Middle East and Africa region had a revenue of 1,146.9 million USD in 2024. The region’s market was influenced by factors such as the growing population, increasing urbanization, and expanding tourism sector. The Middle East, in particular, saw significant investments in the hospitality industry, driven by its strategic location and efforts to diversify its economy. Africa, with its vast potential, also experienced growth in the foodservice equipment market, although at a slower pace compared to other regions.
In 2024, North America was the largest regional market for commercial foodservice equipment by revenue, while Asia Pacific emerged as the fastest-growing region. These trends highlight the diverse dynamics of the global market, influenced by factors such as economic development, consumer preferences, and technological advancements. Understanding the regional market sizes and shares provides valuable insights for industry stakeholders, enabling them to tailor their strategies and capitalize on emerging opportunities.
Table Global Commercial Foodservice Equipment Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share |
|---|---|---|
North America | 13,752.4 | 37.20% |
Europe | 10,723.9 | 29.01% |
Asia Pacific | 9,988.5 | 27.02% |
South America | 1,352.6 | 3.66% |
Middle East and Africa | 1,146.9 | 3.10% |
Total | 36,964.2 | 100.00% |
Figure Global Commercial Foodservice Equipment Revenue Market Share by Region in 2024
6 Global Commercial Foodservice Equipment Market Top 3 Players
Company Introduction and Business Overview: Ali Group, established in 1963 and headquartered in Italy, is a global leader in the foodservice equipment industry. The company designs, manufactures, markets, and services a broad range of equipment used for commercial food cooking, preparation, and processing. Ali Group’s diverse product portfolio and commitment to innovation have enabled it to maintain a strong market position.
Products Offered: Ali Group offers a comprehensive range of products, including baking equipment, cooking equipment, ware washing equipment, preparation equipment, and holding & storing equipment. Notable products include the ALPHATECH line of combi and convection ovens, which are designed for various cooking and baking needs.
Revenue in 2021: In 2021, Ali Group’s revenue was 2,435.5 million USD. This growth can be attributed to the company’s strategic focus on expanding its product offerings and entering new markets, as well as its strong brand reputation and customer loyalty.
Company Introduction and Business Overview: ITW Food Equipment Group, a division of Illinois Tool Works, is a prominent player in the commercial foodservice equipment market. Established in 1912 and headquartered in the United States, the company is known for its premium brands such as Hobart, Traulsen, and Vulcan. ITW Food Equipment Group provides a wide range of equipment for commercial kitchens, bakeries, delis, and groceries.
Products Offered: The company offers a diverse product portfolio, including convection ovens, griddles, fryers, refrigeration units, and dishwashers. One of its popular products is the VC4 convection oven, known for its high volume output and versatility.
Revenue in 2021: In 2021, ITW Food Equipment Group’s revenue was 2,049.5 million USD. The company’s growth can be attributed to its strong brand portfolio, innovative product offerings, and strategic partnerships with key industry players.
Company Introduction and Business Overview: Middleby Corporation, founded in 1888 and headquartered in the United States, is a leading designer and manufacturer of commercial foodservice equipment. The company offers a wide range of products for cooking, food preparation, and foodservice operations, catering to various market segments.
Products Offered: SUEZ offers a comprehensive range of hydrogen sulfide scavenger solutions, including ProSweet H2S scavengers. These products are designed to minimize H2S levels, thereby increasing worker safety and reducing odors in hydrocarbon processing facilities. ProSweet scavengers are effective in addressing water-related odor problems caused by the release of hydrogen sulfide, mercaptans, and other volatile organics. The company’s products are known for their non-toxic and non-corrosive properties, making them an ideal choice for various industrial applications.
Revenue in 2021: In 2021, Middleby Corporation’s revenue was 1,698.1 million USD. The company’s growth can be attributed to its continuous innovation and focus on providing high-quality, reliable equipment solutions to its customers.
Table Global Commercial Foodservice Equipment Revenue of Top3 Players in 2021
Company |
|
Ali Group | 2435.5 |
ITW Food Equipment Group | 2049.5 |
Middleby Corporation | 1698.1 |