Food Service Equipment Market to Reach USD 59.6 Billion by 2033, Driven by Quick Service Restaurant Expansion and Smart Kitchen Solutions

Market Overview:

According to IMARC Group's latest research publication, "Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033" The global food service equipment market size reached USD 40.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 59.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Food Service Equipment Market

• AI is enabling predictive maintenance by analyzing equipment data, which helps to prevent breakdowns and reduce downtime by up to 25%.
• AI-driven systems are optimizing inventory management and predicting demand, which helps to reduce food waste and improve supply chain efficiency.
• AI-powered automation is ensuring consistent food quality and cooking precision by adjusting settings in real-time, which reduces human error.
• AI is enhancing food safety by monitoring temperatures and detecting contamination risks, which ensures compliance with strict hygiene standards.
• AI-enabled analytics are helping to optimize kitchen layouts and workflows, which helps businesses to improve productivity and save on labor costs.

Receive Your "Food Service Equipment Market" Report Sample PDF – Click to Get Started

Key Trends in the Food Service Equipment Market

• Rise of automation and robotics: The market is seeing a major trend of incorporating robots and automated systems for tasks like food preparation and order fulfillment. This is driven by labor shortages and the need for greater efficiency, with one report noting that automation is key to addressing rising operational costs.
• Emphasis on energy efficiency and sustainability: There is a strong trend toward eco-friendly and energy-efficient equipment. The adoption of products with certifications like ENERGY STAR is on the rise, as businesses aim to lower utility costs and reduce their environmental footprint, with the Australian government launching a National Food Waste Strategy to help achieve a 50% reduction by 2030.
• Focus on smart kitchens and IoT integration: The market is trending toward connected equipment with IoT sensors and digital controls. This allows for real-time monitoring, predictive maintenance, and remote management, which helps to optimize kitchen operations and reduce costly downtime. The global IoT market was valued at $64.8 billion in 2024, highlighting the scale of this trend.
• Demand for multi-functional and compact equipment: As kitchens in urban areas become smaller, there's a growing need for versatile equipment that saves space. Manufacturers are developing multi-functional ovens and stackable refrigeration units to help food service operators maximize their limited space while maintaining high performance.
• Increased importance of food safety and hygiene: Post-pandemic concerns have made food safety a top priority. The market is responding with innovations like self-cleaning ovens, touchless faucets, and antimicrobial surfaces to reduce contamination and ensure compliance with health and safety regulations.

Growth Factors in the Food Service Equipment Market

• Increasing consumer preference for dining out: Changing lifestyles and rising disposable incomes are leading to more people eating out. This boosts the demand for new and more efficient food service equipment, with the global food service market size reaching $3.48 trillion in 2024.
• Technological advancements in kitchen equipment: The continuous evolution of technology, including smart kitchen systems and robotics, is a huge catalyst. These innovations are making equipment more efficient, user-friendly, and cost-effective, encouraging businesses to upgrade their kitchens.
• Rapid growth of quick-service restaurants (QSRs): The popularity of quick and convenient meals is a significant driver. QSRs rely on high-speed and efficient equipment to handle large volumes of orders, which is fueling the demand for specialized equipment.
• The rise of cloud kitchens: The boom in online food delivery services has led to the emergence of cloud kitchens. These kitchens require compact, high-performance equipment to operate efficiently in a delivery-only model, which is creating a new segment of demand.

Unlock the Full Report Now at a Special Discount!

Leading Companies Operating in the Global Food Service Equipment Industry:

• AB Electrolux
• Ali group s.r.l. a socio unico
• Alto-Shaam Inc.
• Cambro Manufacturing
• Comstock-Castle Stove Co. Inc
• Dover Corporation
• Duke Manufacturing
• Illinois Tool Works Inc.
• The Middleby Corporation
• Welbilt

Food Service Equipment Market Report Segmentation:

Breakup By Product Type:

• Cooking Equipment
• Storage and Handling Equipment
• Warewashing Equipment
• Food and Beverage Preparation Equipment
• Serving Equipment

Cooking equipment represents the largest segment due to the indispensable role of cooking in food service operations.

Breakup By Distribution Channel:

• Online
• Offline

Offline holds the biggest market share owing to its extensive reach, wide product selection, and competitive pricing.

Breakup By End Use:

• Full-service Restaurants and Hotels
• Quick-service Restaurants and Pubs
• Catering

Full-service restaurants and hotels exhibit a clear dominance in the market, as these establishments cater to a broad spectrum of people, ranging from individuals seeking fine dining experiences to corporate clients hosting events or conferences.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys the leading position in the food service equipment market on account of a thriving foodservice industry characterized by a diverse array of restaurants, cafes, hotels, and other establishments.

Recent News and Developments in Food Service Equipment Market

• October 2024: A notable development is the launch of a new food quality visualization solution by Hitachi. This innovation features time-temperature sensing ink that changes color to indicate food freshness without power, which helps monitor product quality in the supply chain and reduces waste.
• December 2024: LG Electronics announced new AI-enabled smart kitchen appliances, including a microwave with three built-in cameras. This new technology allows users to check on food without opening the door and losing heat, highlighting a growing trend of integrating AI for convenience and efficiency.
• September 2024: Parts Town, a leader in OEM parts distribution, launched Part Predictor, an AI-powered digital tool designed to streamline repairs. This innovation helps technicians quickly identify the correct parts needed, reducing equipment downtime and improving service efficiency in commercial kitchens.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States:+1–201971–6302