The Food Service Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Food Service Equipment Market?
The Food Service Equipment Global Market has seen considerable growth in the past. The market size has expanded from $38.98 billion in 2024 to $41.45 billion in 2025. This signifies a compound annual growth rate (CAGR) of 6.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Food Service Equipment Industry?
The market size for food service equipment is projected to reach $54.92 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.3%.
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What are the Key Growth Drivers Fueling the Food Service Equipment Market?
The key drivers in the food service equipment market are:
• Adoption of smart and IoT-enabled kitchen appliances
• Customization of equipment key to unique culinary concepts
• Integration of contactless and touchless technology in food service equipment
• Demand for compact, space-saving kitchen equipment and research and development into next generation food service equipment.
Global Market Segmentation: Identifying Major Food Service Equipment Industry Segments
The food service equipment market covered in this report is segmented –
1) By Equipment: Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers, Ware Washing Equipment, Other F&B Service Equipment
2) By Distribution Channel: Online, Offline
3) By End-User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other End-Users
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What are the Emerging Trends Shaping the Future of the Food Service Equipment Market?
The key trends in the remote weapon station market are:
• Adoption of smart and IoT-enabled kitchen appliances is emerging as a key trend.
• There is a growing preference for equipment customization to fit unique culinary concepts.
• The integration of contactless and touchless technology is becoming more prevalent in food service.
• Compact and space-saving kitchen equipment is in high demand.
Who Are the Top Competitors & Leading Players in the Food Service Equipment Market?
Major companies in the food service equipment market are:
• AB Electrolux
• Ali Group Srl a Socio Unico
• Dover Corporation
• Duke Manufacturing
• Haier Group Corporation
• Smeg S.p.A.
• The Middleby Corporation
• Meiko Maschinenbau GmbH & Co. KG
• Hoshizaki Electric Co. Ltd.
• Fujimak Corporation
• Tupperware Brands Corporation
• Hobart Corporation
• Manitowoc Company Inc.
• Cambro Manufacturing Co. Inc.
• Welbilt Inc.
• ITW Food Equipment Group
• Standex International Corporation
• The Vollrath Company LLC
• The Vollrath Company
• Rational AG
• Hatco Corporation
• Waring Commercial Inc.
• Robot Coupe USA Inc.
Regional Dominance: Which Area Leads the Global Food Service Equipment Market?
Asia-Pacific was the largest region in the food service equipment market in 2024
