U.S. Food Service Equipment Market Size & Outlook
U.S. food service equipment market, 2018-2030 (US$M)
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U.S. food service equipment market highlights
- The U.S. food service equipment market generated a revenue of USD 6,905.2 million in 2023 and is expected to reach USD 9,208.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 6,905.2 million |
| Market revenue in 2030 | USD 9,208.6 million |
| Growth rate | 4.2% (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, U.S. accounted for 19.2% 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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U.S. 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 37.68% in 2023. Horizon Databook has segmented the U.S. 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 rising demand for QSRs and the growth of fast food chains in the U.S. are significantly driving the food service equipment market. QSRs require advanced, efficient kitchen tools to meet the fast-paced, high volume demands of their operations while adapting to technological advancements and the changing dietary preferences of consumers.
In addition, QSRs are growing in the U.S. due to their ability to offer fast, convenient, and affordable meal options that cater to the busy and diverse lifestyles of Americans. Moreover, the incorporation of digital, prompt service delivery measures by the QSRs is helping them further develop and expand their presence in the U.S.
The fast food chain intends to enhance its unparalleled expansion rate by establishing an additional 1,000 restaurants in the U.S. by the end of 2027. This initiative is set to represent the most rapid expansion phase in the company’s history.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. food service equipment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. food service equipment market size, by product, 2018-2030 (US$M)
U.S. Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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