Europe Food Service Equipment Market Size & Outlook
Europe food service equipment market, 2018-2030 (US$M)
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Europe food service equipment market highlights
- The Europe food service equipment market generated a revenue of USD 8,777.5 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 8,777.5 million |
| Market revenue in 2030 | USD 13,087.8 million |
| Growth rate | 5.9% (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 |
| 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, Europe region accounted for 24.4% of the global food service equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,778.5 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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Europe 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 39.16% in 2023. Horizon Databook has segmented the Europe 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 increasing focus on food safety and hygiene standards in Europe is significantly influencing the food service equipment market. As European regulatory bodies implement stricter guidelines to ensure food safety, businesses across the restaurant and catering industries are investing in new and advanced food handling equipment.
This investment in modern equipment is fostering the demand for advanced, hygienic food service equipment designed to meet the high standards for cleanliness, temperature control, and cross-contamination prevention.
For instance, the EU’s general food law regulation (EC) No 178/2002 provides the foundation for food safety management systems, which include the requirement for high-quality food service equipment to ensure consumer health and safety.
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Target buyers of Europe 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 continent-level data and insights on the Europe food service equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe food service equipment market size, by country, 2018-2030 (US$M)
Europe Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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