Quick Service And Fast Casual Restaurants Propel Growth Of The Commercial Foodservice Equipment Market: A Key Factor Shaping the Future of the Commercial Foodservice Equipment Market in 2025

What combination of drivers is leading to accelerated growth in the commercial foodservice equipment market?
The ongoing expansion of quick service and fast casual restaurants is anticipated to accelerate the growth of the commercial foodservice equipment market. Quick-service restaurants (QSRs) offer fast food with limited table service, while fast casual restaurants provide higher-quality food with a more relaxed dining experience. The rise in these establishments is driven by consumer demand for convenient, high-quality dining options. Commercial foodservice equipment helps enhance efficiency and maintain food quality in these establishments. For instance, in June 2023, Aviko reported that the fast food industry in the UK grew from $26.57 million in 2022 to $28.41 million in 2023, with significant consumer engagement in fast food. This expansion of quick service and fast casual restaurants is boosting the commercial foodservice equipment market.

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What is the projected compound annual growth rate (CAGR) of the commercial foodservice equipment market from 2025 to 2034, and what factors influence it?
The commercial foodservice equipment market has grown substantially in recent years. It will rise from $33.28 billion in 2024 to $35.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. The growth is due to rising demand for quick-service restaurants, the growth of the food and beverage sector, increasing interest in healthier and gourmet food options, regulatory standards, and the growing need for equipment supporting food packaging and transportation.

The commercial foodservice equipment market is forecast to see steady growth, reaching $45.7 billion by 2029 with a CAGR of 6.5%. The growth is attributed to increasing urban populations, greater awareness of food safety, the expansion of global food chains, the rise of delivery and takeout services, and increased investment in culinary education. Trends include advanced technologies, digital ordering and payment system integration, remote monitoring, space-saving designs, and robotic automation.

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How are the latest trends influencing the growth of the commercial foodservice equipment market?
Companies in the commercial foodservice equipment market are focusing on developing products like combi ovens to improve cooking efficiency and versatility. Combi ovens combine steam and convection cooking for better precision and flexibility. For example, in November 2023, UNOX Inc. launched the CHEFTOP-X and BAKERTOP-X ovens, designed for gastronomy and bakery applications, respectively. These ovens feature intuitive interfaces, AI-enhanced connectivity, and voice operation to simplify cooking processes.

What are the major segments of the commercial foodservice equipment market and their role in driving growth?
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

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Which regions are key players in the growth of 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.

Who are the key firms paving the way for growth 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

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What Is Covered In The Commercial Foodservice Equipment Global Market Report?

•Market Size Forecast: Examine the commercial foodservice equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the commercial foodservice equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the commercial foodservice equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial foodservice equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the commercial foodservice equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial foodservice equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the commercial foodservice equipment market.
•Competitive Landscape: Review strategic developments in the commercial foodservice equipment market, including expansions, agreements, and new product launches.

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