Canada Food Service Equipment Market Size & Outlook
Canada food service equipment market, 2018-2030 (US$M)
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Canada food service equipment market highlights
- The Canada food service equipment market generated a revenue of USD 958.6 million in 2023 and is expected to reach USD 1,517.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, kitchen purpose equipment was the largest revenue generating product in 2023.
- Kitchen Purpose Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Food service equipment market data book summary
| Market revenue in 2023 | USD 958.6 million |
| Market revenue in 2030 | USD 1,517.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Kitchen purpose equipment |
| Fastest growing segment | Kitchen Purpose Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kitchen Purpose Equipment, Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, Other Product |
| Key market players worldwide | Electrolux AB Class B, Dover Corp, Haier Smart Home Co Ltd ADR, Smeg, The Middleby Corp, Ali Group, Duke Manufacturing |
Other key industry trends
- In terms of revenue, Canada accounted for 2.7% of the global food service equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. food service equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,517.8 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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Canada 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 38.61% in 2023. Horizon Databook has segmented the Canada 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.
The growth of full-service restaurants in Canada is significantly boosting the food service equipment market. As these establishments aim to provide top-notch dining experiences, there is a rising demand for high-quality, efficient kitchen equipment.
From advanced ovens to innovative refrigeration solutions, restaurants are investing in state-of-the-art tools to enhance food preparation and storage. This trend toward high-quality food service delivery in the culinary industry is propelling the demand and innovation within the food service equipment sector, leading to market expansion.
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Target buyers of Canada 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 country-level data and insights on the Canada food service equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada food service equipment market size, by product, 2018-2030 (US$M)
Canada Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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