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Food Service Equipment Market in 2025 : Competitive Analysis and Industry Forecast | At a CAGR of 6.3% from 2024 to 2035
Food service equipment market was valued at $35.8 billion in 2023, and is estimated to reach $74.4 billion by 2035, growing at a CAGR of 6.3% from 2024 to 2035.Food Service Equipment Market is driven by Shift Toward Energy-Efficient Equipment, Changing Food Consumption Patterns, and rise in Operational Efficiency.
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Food service equipment refers to a wide array of appliances, tools, and machinery specifically designed for use in the food service industry. These items are essential for key operations such as food preparation, cooking, storage, transportation, serving, and cleaning.
The category includes everything from commercial ovens, refrigerators, and freezers to grills, fryers, dishwashers, food processors, mixers, slicers, and serving carts. Designed for durability and efficiency, this equipment is built to handle the demands of high-volume environments such as restaurants, catering services, cafeterias, hotels, and institutional kitchens.
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Commercial food service equipment is also engineered to comply with rigorous health, safety, and sanitation standards, ensuring smooth, safe, and hygienic food handling and kitchen operations.
The global food service equipment market segments are categorized into product type, end use, and region. By product type, it is classified into cooking equipment, storage & handling equipment, food & beverage preparation equipment, ware washing equipment, and serving equipment. Among these, cooking equipment segment occupied the major food service equipment market share in 2023 and is anticipated to maintain its dominance during the forecast period. By employing food service equipment lowers labor costs, enhances food safety, and saves operating expenses. Due to the influence of outside food and changes in lifestyle, restaurants are becoming more and more popular.
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According to food service equipment market analysis, early automation adoption in commercial kitchens is the primary driver of the food service equipment market's growth in North America. The food service equipment industry's accessibility to reasonably priced, safe, and well-made equipment enables small businesses to experiment with and adopt kitchen solutions for a range of uses. Additionally, businesses embrace food service equipment due to the rising cost of professional labor.
The major players profiled in the food service equipment market report include Duke Manufacturing Co. Inc., Electrolux, Dover Corporation, Illinois Tool Works (ITW), Inc., Ali Group S.r.l. a Socio Unico, Welbilt, Inc., Middleby Corporation, Alto-Shaam, Inc., Comstock-Castle Stove Co., Inc., and Cambro Manufacturing Co. Inc.
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