How Has the Commercial Foodservice Equipment Market Evolved Historically and What is its Current Size?
The commercial foodservice equipment market has seen considerable growth due to a variety of factors.
• The commercial foodservice equipment market has expanded considerably in recent years. It is expected to grow from $33.28 billion in 2024 to $35.53 billion in 2025, at a compound annual growth rate (CAGR) of 6.8%.
The historical growth is driven by the rising demand for quick-service restaurants, the growth of the food and beverage industry, an increasing interest in healthier and gourmet food options, regulatory standards, and the need for equipment supporting food packaging and transportation.
What is the Forecasted Market Size and CAGR for the Commercial Foodservice Equipment Market?
The commercial foodservice equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The commercial foodservice equipment market is anticipated to grow to $45.7 billion by 2029, at a CAGR of 6.5%.
The growth is attributed to increasing urban populations, greater awareness of food safety, global food chain expansion, the popularity of delivery and takeout services, and investments in culinary education. Trends include advanced technology adoption, digital ordering and payment systems, remote monitoring, compact designs, and automation.
What Key Factors and Trends Are Driving The Growth Commercial Foodservice Equipment Market?
The expansion of quick-service and fast-casual restaurants is expected to propel the commercial foodservice equipment market. These types of restaurants are growing due to the consumer demand for convenient and high-quality food. Commercial foodservice equipment helps improve food preparation efficiency and ensures food safety in these establishments. For example, Aviko reported that the fast-food industry in the UK grew by 5.7% from 2022 to 2023, which indicates an increase in demand for foodservice equipment in the sector.
What Are The Market Segments In The Commercial Foodservice Equipment Market?
The commercial foodservice equipment market covered in this report is segmented –
1) By Type: Baking Equipment, Cooking Equipment, Ware Washing Equipment, Preparation Equipment, Holding And Storing Equipment, Beverage Equipment, Ice, Refrigeration
2) By Distribution: Offline, Online
3) By End-User: Food Production Facilities, Foodservice Outlets
Subsegments:
1) By Baking Equipment: Ovens (Convection, Deck, Rotary), Mixers, Proofers, Dough Sheeters, Baking Pans And Racks
2) By Cooking Equipment: Ranges (Gas, Electric), Griddles, Fryers, Broilers, Steamers, Pressure Cookers
3) By Ware Washing Equipment: Dishwashers (Undercounter, Conveyor), Glass Washers, Commercial Sinks, Sanitizing Equipment
4) By Preparation Equipment: Food Processors, Mixers, Slicers, Cutters, Blenders, Grinders
5) By Holding And Storing Equipment: Warmers (Bain-Marie, Heated Shelves), Food Warmer Cabinets, Holding Cabinets, Food Storage Containers, Carts And Racks
6) By Beverage Equipment: Coffee Machines (Brewers, Espresso), Beverage Dispensers, Smoothie Makers, Commercial Blenders, Tea Brewers
7) By Ice: Ice Makers (Modular, Self-Contained), Ice Dispensers, Ice Storage Bins, Ice Crushers
8) By Refrigeration: Commercial Refrigerators, Freezers (Reach-In, Chest Freezers), Refrigerated Prep Tables, Blast Chillers, Walk-In Coolers
Pre-Book The Commercial Foodservice Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Commercial Foodservice Equipment Market?
In the commercial foodservice equipment market, companies are introducing advanced products like combi ovens to enhance cooking efficiency. UNOX Inc. launched the CHEFTOP-X and BAKERTOP-X ovens in November 2023, both featuring AI-enhanced connectivity and advanced user interfaces for superior cooking results in gastronomy and bakery applications.
Who Are the Key Players In The Commercial Foodservice Equipment Market?
Major companies operating in the commercial foodservice equipment market are:
• Libbey Inc.
• Cambro Manufacturing Co
• The Vollrath Company LLC
• Tundra Restaurant Supply
• Provisur Technologies Inc.
• Broaster Company
• Blodgett Oven Company
• Hatco Corporation
• Falcon Foodservice Equipment ltd
• Chefs'Toys
• Victory Refrigeration
• Energy Star
• AMTek Microwaves
• Adexa Direct
• Riddhi Display Equipments Pvt Ltd
• TAG Catering Equipment UK Ltd
• Bakers Pride
• Kitchenrama
• Hobart Food Equipment
• Roundstone Catering Equipment Ltd
• Cater-kwik Ltd
• Target Catering Equipment
• Canadian Restaurant Supply
• Permul Ltd
What Are The Regional Insights Into The Commercial Foodservice Equipment Market?
North America was the largest region in the commercial foodservice equipment market in 2023. The regions covered in the commercial foodservice equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
