Global Food Service Equipment Market Size & Outlook
Global food service equipment market, 2018-2030 (US$M)
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Global food service equipment market highlights
- The global food service equipment market generated a revenue of USD 35,973.4 million in 2023 and is expected to reach USD 56,903.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, kitchen purpose equipment accounted for a revenue of USD 14,144.8 million in 2023.
- Kitchen Purpose Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 35,973.4 million |
| Market revenue in 2030 | USD 56,903.7 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Kitchen purpose equipment |
| Fastest growing segment | Kitchen Purpose Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kitchen Purpose Equipment, Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, Other Product |
Other key industry trends
- In terms of revenue, the North America accounted for 21.9% of the global food service equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 9,208.6 million by 2030.
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Food Service Equipment Market Scope
Food Service Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global food service equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food service equipment market will help companies and investors design strategic landscapes.
Kitchen purpose equipment was the largest segment with a revenue share of 39.32% in 2023. Horizon Databook has segmented the Global food service equipment market based on kitchen purpose equipment, refrigeration equipment, ware washing equipment, food holding & storing equipment, other product covering the revenue growth of each sub-segment from 2018 to 2030.
Governments across the globe are becoming increasingly aware of the risks associated with fossil fuels and are adopting environment-friendly options. As construction sector accounted for around 40% of the greenhouse emissions in 2019, several guidelines are now being implemented to reduce the environmental footprint of construction sector. Few mandatory requirements in the U.S. are voluntary certification of LEED and EDGE and adhering to emissions reduction law. Since the COVID-19 outbreak, the demand for green/sustainable buildings and good indoor air quality has been rising.
As a result, the Occupational Safety and Health Administration (OSHA) and American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) have provided detailed guidelines to make buildings COVID-19 resilient and incorporate green technologies for space heating/cooling requirements. Improving energy efficiency across industries has become one of the prime objectives of governments across the world.
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Target buyers of Global food service equipment market databook
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Our clientele includes a mix of food service equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global food service equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global food service equipment market size, by region, 2018-2030 (US$M)
Top 10 countries: Food service equipment market size, 2023 (US$M)
Global food service equipment market share, by product, 2023 & 2030 (%, US$M)
Food service equipment market: Opportunity assessment by country
Global food service equipment market, by region, 2023 (US$M)
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