Foodservice Equipment Market

2019 Analysis and Review of Foodservice Equipment Market by Equipment - Food Preparation Equipment, Drink Preparation Equipment, Cooking Equipment, Heating & Holding Equipment, Refrigerators & Chillers, Baking Equipment, Merchandisers, Dishwashers, and Other F&B Service Equipment for 2019 - 2029

  • 2020-01-14
  • REP-GB-1578
  • 85 Tables
  • 158 Figures
  • 340 pages
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Foodservice Equipment Sales Set to Hit US$ 37 Bn by 2019 End

Breakneck competitiveness of the HoReCa (Hotel, Restaurant, and Café) sector remains a key factor boosting the need for multi-functional and technologically advanced foodservice equipment. With this, being among the important trends, the global market for foodservice equipment would hit a valuation of US$ 37 Bn by the end of 2019. This study has projected a promising CAGR for the foodservice equipment sales, through 2029. Smart foodservice equipment is currently capturing strategic interests of leading market players, with visual appeal and compact design as the key parameters associated with new launches.

Key Growth Influencers - Foodservice Equipment Market

Multifunctional Cooking Equipment Acting as Product Differentiators

Growing integration of automation in the food service industry is anticipated to create demand for advanced and cost-effective products. Substantial investments are made by manufacturers to develop advanced equipment with visual appeal and multi-functional cooking features in line with the open kitchen concept.

Foodservice operators are shifting towards the open kitchen concept so as to capitalize on the trend of clean menus with natural ingredients. Customers want to know the origin of the food that they consume and be a part of the whole experience; hence, restaurants, hotels, and resorts are shifting their preference towards visually-appealing cooking and foodservice equipment.

Energy-efficient Equipment More Relevant

By virtue of high efficiency, demand for technological advancements in foodservice equipment such as combi-ovens and blast chillers, is anticipated to gain more relevance. These devices are inexpensive and labor saving. Combi ovens are capable of producing both convection and steam heat, by switching between the two automatically throughout the cooking process. These can roast, bake, braise, grill, steam, blanch, and poach at the same time, saving large amount of time and labor.

Along with increased cooking speed, many units have self-cleaning features. Saving energy, labor cost, water, kitchen space, water, and expansion of the menu are well worth the price of one of these units. The convenience, along with reduced cost, offered by these equipment is anticipated to propel the demand for technologically-advanced foodservice equipment.

Expansion of QSR Sector

Foodservice operators across Asia Pacific, Latin America, and the Middle East and Africa will be witnessing the entry of new participants in these regional markets. Rapid increase in the number of quick service restaurants (QSRs) and rising frequency of establishment of new delivery units, especially for grab and go food products, will hold a significant impact on the foodservice equipment market.

global foodservice equipment market

Foodservice Equipment Market Structure Analysis

  • The presence of multiple service providers, installers, and integrators makes the foodservice equipment market fragmented.
  • Tier I players such as Middleby Corporation, Welbilt, Ali Group S.r.l., ITW Food Equipment Group, AB Electrolux, Hoshizaki Electric Co., Ltd, Qingdao Haier Co., Ltd, and Rational AG, together are anticipated to account for approximately 30 percent of the global market share.
  • Key manufacturers of foodservice equipment will continue to rely on methods such as launch of technologically-enhanced foodservice equipment for a stronger foothold in target markets.

FAQ About the Market

Market outlook for foodservice equipment in the future?

Flourishing food and tourism industry is expected to boost demand for foodservice equipment in the near future. Incorporation of advanced technologies and smaller-size equipment designs with embedded multi-functional cooking features to boost product demand.

Will foodservice equipment price restrain growth?

Foodservice equipment are expensive in nature, which may slightly impact their product growth. The price of these products tends to reduce with advancements in technology and better innovation. However, several smart features and cost-cutting benefits such as reduced time requirement, low labor cost and water consumption will drive market growth.

Which end-use industry holds potential growth opportunities for foodservice equipment market players?

While full service restaurant & bars hold huge growth potential, increasing use of technology in the retail space has spurred business, leading to quick service and fast casual chains. The need to integrate and manage disparate technologies is expected to open new growth opportunities.

Which region will lead the global sales of foodservice equipment?

North America is projected to lead sales of foodservice equipment, owing to rising awareness of health & food safety in the region. Major population of the region prefers eating outside of the home, and the global food chain is becoming increasingly complex. Thus, managing food safety and quality has become a major task for food providers, thereby demanding greater number of foodservice equipment. Beside, Europe holds huge growth potential due to increasing travel and tourism activities in the region.

Cooking Equipment Make up for 1/3rd of Total Sales

Being among the indispensable component in commercial kitchens, cooking equipment remain the top selling category in foodservice equipment market. Though cooking equipment bear a significant share in the equipment costs for the foodservice industry, they will continue to make up for a leading share of over 32% in the market. A mounting number of cooking equipment manufacturers are entering the market with a wider range of more affordable yet efficient models, thereby targeting small and medium scale facilities with a budget constraint. Demand for food and drink preparation equipment integrated with next-generation technological features would also mark an emerging trend in the foodservice equipment market.

Opportunities Abound in Developed Countries

While the foodservice industry and HoReCa sector continue to flourish in both developed and developing regional economies, adoption of high-tech food processing and foodservice equipment has remained significant in the former. The latter have been showcasing more preference for traditional cooking equipment at most commercial kitchens, which limits the scope for innovation and sales, for foodservice equipment manufacturers. Leading market players in North America and Europe are targeting these regions for expansion by acquiring small players.

The Future Looks Energy-efficient and Sustainable

Foodservice equipment market players are zooming in their focus on sustainable and energy-efficient foodservice equipment, as buyers are considering the significant savings on fuel bills, which ultimately adds to the whole life-cost calculations vis-à-vis the equipment. A strong shift in purchase attitudes and knowledge surrounding the environmental as well as economic benefits are expected to reflect in the rising adoption of sustainable technologies such as induction technology, in the manufacturing of modern foodservice equipment.

Cooking equipment remains top selling category

Demand for food preparation equipment surging

 

Full service restaurants & bars on target

Adoption soars in quick service restaurants

 

Online sales to heighten

Demand in physical stores grows steadily

 

How Growth will Unfold

The number of stakeholders in the foodservice equipment market is increasing, leading to stiff competition. Companies are prioritizing full service restaurants and bars as their target customers, as they account for more than 60% of the total demand for foodservice equipment in the global market. Introduction of state-of-the-art foodservice equipment would remain a key strategy to target busy commercial kitchens at full service restaurants and bars. Moreover, as the possible equipment failure remains a challenge, companies are also introducing repair and maintenance services as an add-on.

Foodservice Equipment Market Value (US$ Mn) - By End Use

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Foodservice Equipment Market Analysis 2019-2029

A recent market study published by FMI on the foodservice equipment market includes the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The market study summarizes the trends, drivers, and other factors impacting the growth of the foodservice equipment market. After conducting thorough research on the historical as well as current growth parameters of the foodservice equipment market, the growth prospects of the market are obtained with maximum precision.

Foodservice Equipment Market Taxonomy

The global foodservice equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Equipment

  • Food Preparation Equipment
    • Slicers & Peelers
    • Mixers & Grinders
    • Food Blenders
    • Processors
    • Others
  • Drink Preparation Equipment
    • Drink Blenders
    • Juicers
    • Ice Crushers
    • Others
  • Cooking Equipment
    • Grills
    • Fryers
    • Ovens
    • Toasters
    • Others
  • Heating & Holding Equipment
    • Warmers
    • Merchandisers
    • Sauce Dispensers
    • Others
  • Refrigerators & Chillers
  • Baking Equipment
  • Merchandisers
  • Dishwashers
    • Semi-integrated
    • Fully-integrated
    • Countertops/Benchtop & Portables
  • Other F&B Service Equipment

End Use

  • Full Service Restaurant & Bars
  • Quick Service Restaurant
  • Indoor and Outdoor Caterers
  • Hotels & Resorts
  • Club Restaurants
  • Commercial Canteens
    • Institutions & Offices
    • Hospitals
  • Transportation
    • Airways
    • Ships
    • Railways

Sales Channel

  • Physical Stores
  • Online Platforms

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

What's Included

The report initiates with the executive summary of the foodservice equipment market, which includes a summary of the key findings and statistics, technology roadmap, analysis & recommendations along with demand & supply-side trends pertaining to the foodservice equipment market.

In this chapter, readers can find the definition and a detailed taxonomy of the foodservice equipment market, which will help them understand basic information about the market. Along with this, comprehensive information about foodservice equipment such as market definition, scope, and limitations are provided in this section.

This chapter explains key market trends that are expected to influence the growth of the foodservice equipment market during the forecast period. Along with key market trends, this section also highlights product innovations and ongoing development trends in the foodservice equipment market.

This section explains key success factors contributing to global growth of the foodservice equipment market in the forecast period of 2019- 2029.

This section explains global standards and regulations incorporated by government organizations, which are mandatory during installation of foodservice equipment.

This section explains the global market volume analysis and forecast for the foodservice equipment market in the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical foodservice equipment market, along with current and future market volume projections and y-o-y growth trend analysis.

This section explains the regional pricing analysis by equipment type and global average pricing analysis benchmark for the foodservice equipment market for the forecast period 2019-2029.

This section explains the global market value analysis and forecast for the foodservice equipment market in the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical foodservice equipment market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).

This chapter explains key macro-economic factors that are expected to influence the growth of the foodservice equipment market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain analysis, parent market, and forecast factors for the foodservice equipment market. Moreover, in-depth information about market dynamics and their impact analysis has been provided in the section.

This chapter includes introduction/key findings along with historical market size (US$ Mn) and volume analysis by equipment type for 2014 – 2018. The market is segmented into food preparation equipment, drink preparation equipment, cooking equipment, heating & holding equipment, refrigerators & chillers, baking equipment, merchandisers, dishwashers and other F&B service equipment. Food preparation equipment is further segmented into slicers & peelers, mixers & grinders, food blenders, processors, and others. Drink preparation equipment is further segmented into drink blenders, juicers, ice crushers and others. Cooking equipment is segmented into grills, fryers, ovens, toasters and others. Heating & holding equipment is further segmented into warmers, merchandisers, sauce dispensers, and others. Dishwashers is further segmented into semi-integrated, fully-integrated, and countertops/benchtop & portables.

This chapter includes introduction/key findings along with historical market size (US$ Mn) and volume analysis by end use, 2014 – 2018. The market is segmented into full service restaurant & bars, quick service restaurant, indoor and outdoor caterers, hotels & resorts, club restaurants, commercial canteens, and transportation. Commercial canteens is further segmented into institutions & offices and hospitals. Transportation is further segmented to airways, ships, and railways.

This chapter includes introduction/key findings along with historical market size (US$ Mn) and volume analysis by sales channel, 2014 – 2018. The market is segmented into physical stores and online platforms.

This chapter explains how the foodservice equipment market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

This chapter includes a detailed analysis of the North America foodservice equipment market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find market growth along with impact analysis of drivers and restraints. Moreover, in-depth information about the market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the Latin America foodservice equipment market, along with a country-wise assessment that includes Brazil, Mexico, and Rest of Latin America. Readers can also find market growth along with impact analysis of drivers and restraints. Moreover, in-depth information about the market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the Europe foodservice equipment market, along with a country-wise assessment that includes Germany, Italy, France, the U.K., Spain, BENELUX, Russia, and Rest of Europe. Readers can also find market growth along with impact analysis of drivers and restraints for the regions here. Moreover, in-depth information about market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the South Asia foodservice equipment market, along with a country-wise assessment that includes India, Thailand, Indonesia, Malaysia, Singapore, Philippines, and Rest of South Asia. Readers can also find market growth along with impact analysis of drivers and restraints for the region here. Moreover, in-depth information about market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the East Asia foodservice equipment market, along with a country-wise assessment that includes China, Japan, and South Korea. Readers can also find market growth along with impact analysis of drivers and restraints for the region here. Moreover, in-depth information about the market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the Oceania foodservice equipment market, along with a country-wise assessment that includes Australia and New Zealand. Readers can also find the market growth along with impact analysis of drivers and restraints for the region here. Moreover, in-depth information about the market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of the Middle East & Africa foodservice equipment market, along with a country-wise assessment that includes GCC Countries, Turkey, Northern Africa, South Africa, and the Rest of Middle East and Africa. Readers can also find the market growth along with impact analysis of drivers and restraints for the region here. Moreover, in-depth information about market attractiveness on the basis of equipment type, end use, and sales channel segments has been provided in the section.

This chapter includes a detailed analysis of emerging economies for foodservice equipment market, along with a country-wise assessment that includes China, France, and Turkey. Readers can also find market value proportion analysis by market taxonomy, market volume and value analysis, and forecast for the region here.

In this chapter, readers can find market analysis by tier of companies, market concentration, market share analysis of top players and market presence analysis on the basis of regional, channel, and product footprints.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the foodservice equipment market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the foodservice equipment market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the foodservice equipment market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • Operators
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
  • Industry Associations
    • International Trade Association
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits foodservice equipment market designations

Primary Interview Splits foodservice equipment market stakeholders

To Learn More About our Comprehensive Perspective on Foodservice Equipment Market,

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Global Head - Business Development

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Client Partner - Global Business Development

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