Behind every sizzling steak, frosty beverage, and perfectly plated dish lies a powerhouse industry projected to reach $60 billion by 2032, fueled by everything from smart ovens to sustainability demands.
Key Takeaways
- The global foodservice equipment market size was valued at USD 36.5 billion in 2022 and is expected to grow at a CAGR of 5.2% from 2023 to 2030
- U.S. commercial foodservice equipment market revenue reached $12.4 billion in 2023, with a projected CAGR of 4.8% through 2028
- Foodservice cooking equipment segment accounted for 38% of the global market share in 2022, valued at approximately USD 13.9 billion
- Cooking equipment segment dominated with 35% share in global foodservice equipment market in 2023
- Refrigeration equipment sales grew 7% YoY in U.S. foodservice in 2023, comprising 28% of total equipment sales
- Warewashing machines accounted for 22% of European foodservice equipment purchases in 2023
- U.S. foodservice equipment market saw highest demand in California with 18% regional share in 2023
- China dominated Asia-Pacific foodservice equipment market with 55% share in 2023, valued at $5.8 billion
- Germany led European market with 22% share of €10.2 billion in 2023 foodservice equipment sales
- Connected IoT-enabled foodservice ovens grew 25% in adoption in 2023 globally
- Energy-efficient refrigeration units with CO2 tech captured 40% new installs U.S. 2023
- Induction cooking equipment sales up 18% due to smart controls in Europe 2023
- Quick-service restaurants drove 45% of U.S. foodservice equipment demand in 2023
- Sustainability focus led to 28% increase in energy-star certified equipment sales globally 2023
- Labor shortages boosted automation equipment adoption by 22% in 2023 Europe
The global foodservice equipment market is growing steadily, driven by innovation and demand from expanding quick-service restaurants.
Equipment Segments
- Cooking equipment segment dominated with 35% share in global foodservice equipment market in 2023
- Refrigeration equipment sales grew 7% YoY in U.S. foodservice in 2023, comprising 28% of total equipment sales
- Warewashing machines accounted for 22% of European foodservice equipment purchases in 2023
- Food preparation equipment like slicers and mixers held 18% market share globally in 2022
- Beverage equipment segment, including dispensers, represented 12% of U.S. market sales in 2023 at $1.8 billion
- Ventilation hoods and systems made up 15% of North American foodservice equipment installations in 2023
- Deep fat fryers accounted for 25% of cooking equipment sales in quick-service restaurants globally in 2023
- Display and merchandising cases comprised 14% of retail foodservice equipment in 2023, valued at $2.1 billion
- Ice makers and dispensers held 10% share in beverage-adjacent equipment for bars and hotels in 2023
- Pizza ovens and conveyor systems represented 8% of specialized cooking equipment sales in 2023
- Commercial dishwashers in warewashing segment grew 9% in sales volume in Asia-Pacific 2023
- Holding and warming cabinets accounted for 11% of buffet and catering equipment market in 2023
- Sinks and plumbing fixtures made up 7% of foodservice prep area equipment in U.S. 2023
- Grills and griddles dominated hot food holding with 32% share in full-service restaurants 2023
- Blast chillers in refrigeration segment grew 12% in high-end kitchens Europe 2023
- Coffee brewers and espresso machines 16% of beverage equipment in cafes worldwide 2023
- Worktables and shelving units 20% of storage equipment sales globally 2023
- Combi ovens led steam cooking with 45% share in Europe foodservice 2023
- Under-counter refrigerators 25% of compact refrigeration sales in small outlets 2023
- Convection ovens 28% of bakery equipment in foodservice 2023 U.S.
- High-speed ovens 5% emerging share in QSR equipment 2023 globally
- Rotisseries and rotimatic ovens 9% in rotisserie chicken segment 2023
- Pass-thru dishwashers 18% of high-volume warewashing in hotels 2023
- Reach-in coolers 35% of walk-in alternatives in mid-size kitchens 2023
- Charbroilers 22% of grill category sales in casual dining 2023 U.S.
- Steamers 15% of vegetable cooking equipment globally 2023
- Bottle coolers 12% of bar refrigeration equipment 2023
- Tilt skillets/braises 6% of braising equipment in institutional kitchens 2023
- Door-type dishwashers 30% share in large-scale operations 2023
Equipment Segments Interpretation
While kitchens remain hotbeds of innovation, the humble fryer, grill, and combi oven still form the unglamorous backbone of the global foodservice industry, reminding us that high-volume frying and baking reliably trump fleeting culinary trends.
Geographic Distribution
- U.S. foodservice equipment market saw highest demand in California with 18% regional share in 2023
- China dominated Asia-Pacific foodservice equipment market with 55% share in 2023, valued at $5.8 billion
- Germany led European market with 22% share of €10.2 billion in 2023 foodservice equipment sales
- Mexico foodservice equipment imports grew 11% YoY in 2023, holding 35% Latin America share
- India contributed 28% to South Asia foodservice equipment market in 2023 at $1.2 billion
- Texas accounted for 12% of U.S. foodservice equipment installations in 2023
- UK foodservice equipment market 15% of Western Europe total in 2023
- Brazil held 40% Latin America market share for cooking equipment in 2023
- Japan 20% of East Asia foodservice refrigeration market in 2023
- Florida U.S. state 9% share in hotel foodservice equipment 2023
- France 18% European warewashing equipment sales 2023
- UAE led Middle East with 45% foodservice equipment growth region in 2023
- Australia 60% Oceania market share foodservice equipment 2023 $850M total
- South Korea 15% Northeast Asia cooking equipment 2023
- New York state 14% U.S. urban foodservice equipment demand 2023
- Italy 16% Southern Europe display cases market 2023
- Argentina 25% South America prep equipment 2023
- Saudi Arabia 30% GCC ventilation equipment sales 2023
- Canada 85% North America non-U.S. share 2023 $1.1B
- Spain 12% Mediterranean foodservice market 2023
- Indonesia 22% Southeast Asia overall equipment 2023
- Illinois U.S. 8% Midwest equipment installations 2023
- Netherlands 10% Benelux refrigeration 2023
- Turkey 18% Eastern Med foodservice growth 2023
- Thailand 19% ASEAN warewashing 2023
- Ontario Canada 40% national equipment sales 2023
- Poland 14% CEE cooking equipment 2023
- Vietnam 16% Indochina market share 2023
- Ohio U.S. 7% manufacturing hub equipment 2023
- Sweden 9% Nordic refrigeration 2023
- Egypt 25% North Africa foodservice 2023
Geographic Distribution Interpretation
The global appetite for foodservice equipment reveals a clear tale of culinary capitals, from California's 18% dominance in the U.S. to Germany's leadership in Europe and China's commanding 55% slice of the Asia-Pacific market, proving that where we love to eat, we invest heavily to cook and serve.
Industry Trends & Forecasts
- Quick-service restaurants drove 45% of U.S. foodservice equipment demand in 2023
- Sustainability focus led to 28% increase in energy-star certified equipment sales globally 2023
- Labor shortages boosted automation equipment adoption by 22% in 2023 Europe
- Plant-based menu rise increased specialty prep equipment 19% sales 2023 U.S.
- Post-pandemic hygiene equipment upgrades 41% operators priority 2023 survey
- E-commerce direct-to-operator sales channel grew 31% for equipment 2023
- Multi-functional equipment preference up 26% cost-saving measure 2023 APAC
- Inflation impacted 37% equipment budgets downward in full-service 2023 U.S.
- Cloud kitchen boom forecasted to drive 15% CAGR equipment to 2028 globally
- 52% operators plan refrigeration upgrades for efficiency by 2025 per 2023 survey
- Vegan/veggie steamers demand up 24% institutional segment 2023
- Subscription models for equipment maintenance rose 20% 2023 U.S.
- Outdoor dining equipment persistent demand 18% above pre-2020 levels 2023
- AI menu engineering influencing oven specs 14% chains forecasting 2024
- Recycling compliance drove 29% waste management add-ons 2023 Europe
- Mobile ordering integration with POS-equipment sync 33% new installs 2023
- Aging infrastructure led 27% replacement cycles shortened 2023 U.S.
- Halal/kosher compliant equipment demand +21% Middle East/Asia 2023
- Forecast: Foodservice equipment market to hit $50B by 2027 at 5.5% CAGR
- 61% operators cite supply chain issues delaying equipment 2023 survey
- Fine dining shift to induction 23% projected growth 2024-2026
- Used/refurbished equipment sales up 17% budget constraints 2023
- Contactless payment integrated kiosks 25% QSR forecast adoption 2025
- Water-saving warewashers mandated in 12 U.S. states by 2024 per trends
- Dark kitchen ventilation retrofits 30% increase 2023-2025 forecast
- Personalized nutrition equipment for health-focused chains 12% rise 2023
- ESG reporting influencing 36% procurement decisions 2023 global
- Robot-assisted prep stations 8% pilot success rate forecasting scale 2025
Industry Trends & Forecasts Interpretation
In 2023, the foodservice equipment industry raced to keep up with a demanding, cost-conscious, and planet-aware operator who, while desperately short-staffed and navigating supply chain snarls, simultaneously craved automation, sustainability, specialized vegan gear, a shiny online shopping experience, and a dishwasher that wouldn’t guzzle the budget or the local water supply.
Innovation & Technology
- Connected IoT-enabled foodservice ovens grew 25% in adoption in 2023 globally
- Energy-efficient refrigeration units with CO2 tech captured 40% new installs U.S. 2023
- Induction cooking equipment sales up 18% due to smart controls in Europe 2023
- AI-optimized inventory management in prep equipment adopted by 15% large chains 2023
- UV-C disinfection warewashers increased 30% market penetration hospitality 2023
- Touchless beverage dispensers 22% of new bar installs globally 2023 post-COVID
- 3D-printed custom kitchen components used in 8% high-end projects 2023 U.S.
- Solar-powered mobile foodservice units grew 35% in emerging markets 2023
- Predictive maintenance sensors in ventilation systems 12% adoption Europe 2023
- Hybrid combi-steam ovens with app control 28% sales growth 2023
- Blockchain-tracked supply chain for equipment parts 5% in pilots 2023
- Voice-activated kitchen assistants integrated in 10% smart kitchens 2023 U.S.
- Nanotech anti-microbial surfaces on 20% new counters/prep tables 2023
- 5G-enabled remote monitoring for fryers 14% QSR chains 2023
- Biodegradable filtration in grease traps 18% new installs 2023 Europe
- AR/VR training for equipment maintenance 25% operator training 2023
- Hydrogen fuel cell backup for critical refrigeration 3% luxury hotels 2023
- Self-cleaning ovens with pyrolysis tech 32% premium segment 2023
- RFID asset tracking in 16% multi-site operations 2023 U.S.
- Quantum sensors for precise temp control in 4% avant-garde kitchens 2023
- Modular plug-and-play equipment designs 27% new builds 2023 APAC
- Biometric access controls on high-security equipment 7% casinos/hotels 2023
- LED UV lighting in display cases 40% energy savings standard 2023
- Autonomous cleaning robots for floors around equipment 11% large kitchens 2023
- Edge computing for real-time recipe adjustment in ovens 9% chains 2023
- Recyclable composite materials in 19% shelving units 2023 Europe
- Holographic menu integration with equipment displays 2% pilots 2023
- Wearable IoT for chef-equipment interaction 6% Michelin stars 2023
- Carbon capture filters in ventilation 13% green certified kitchens 2023
- Generative AI for equipment design optimization 4% R&D firms 2023
- Wireless charging pads under worktables 15% modern kitchens 2023 U.S.
Innovation & Technology Interpretation
The kitchen of 2023 was less a room and more a hyper-efficient, data-obsessed orchestra of high-tech gadgets, relentlessly conducting itself toward sustainability, safety, and a future where even the ovens have trust issues and the fryers have their own 5G signal.
Market Size & Revenue
- The global foodservice equipment market size was valued at USD 36.5 billion in 2022 and is expected to grow at a CAGR of 5.2% from 2023 to 2030
- U.S. commercial foodservice equipment market revenue reached $12.4 billion in 2023, with a projected CAGR of 4.8% through 2028
- Foodservice cooking equipment segment accounted for 38% of the global market share in 2022, valued at approximately USD 13.9 billion
- Europe foodservice equipment market was worth €10.2 billion in 2023, driven by quick-service restaurants growth
- Asia-Pacific region held 42% of global foodservice equipment market revenue in 2023, totaling USD 17.3 billion
- Refrigeration equipment in foodservice generated $8.7 billion globally in 2022, with 6.1% CAGR forecast to 2030
- U.S. foodservice equipment aftermarket services market size was $3.2 billion in 2023, growing at 5.5% CAGR
- Global beverage dispensing equipment market for foodservice reached $2.1 billion in 2023, CAGR 4.9% to 2030
- Commercial kitchen ventilation equipment market valued at $1.8 billion in North America in 2022
- Foodservice equipment leasing market in the U.S. was $1.5 billion in 2023, up 7% YoY
- Global foodservice equipment market CAGR projected at 5.4% from 2024-2032, reaching $60.2 billion by 2032
- Latin America foodservice equipment market size $2.8 billion in 2023, CAGR 6.2%
- U.S. pizza oven equipment segment revenue $450 million in 2023
- Middle East & Africa foodservice equipment market $1.9 billion in 2022, 5.8% CAGR
- Online sales channel for foodservice equipment grew to 22% market share in 2023 globally
- Commercial deep fryer market size $1.2 billion worldwide in 2023, CAGR 4.7%
- U.S. foodservice equipment installation services market $2.1 billion in 2023
- Global ice machine market for foodservice $2.4 billion in 2023, 5.3% CAGR to 2030
- Food prep equipment segment valued at $7.6 billion globally in 2022
- Canada foodservice equipment market $1.1 billion in 2023, CAGR 4.9%
- Warewashing equipment market $4.5 billion globally in 2023
- U.K. foodservice equipment market revenue £2.3 billion in 2023
- Global display cases market for foodservice $3.2 billion in 2022, CAGR 5.1%
- Australia foodservice equipment market $850 million in 2023
- Serving equipment segment $2.9 billion globally in 2023, CAGR 4.6%
- U.S. foodservice equipment exports $4.2 billion in 2023
- China foodservice equipment market $10.5 billion in 2023, 7.2% CAGR
- Global food trucks equipment add-on market $1.3 billion in 2023
- India commercial kitchen equipment market $1.7 billion in 2023
- Foodservice equipment rental market global $2.6 billion in 2022, CAGR 6.0%
Market Size & Revenue Interpretation
The world isn't just hungry—it's increasingly demanding a fleet of precisely calibrated, leased, and expertly installed machines to feed its cravings, with the entire industry humming along to the tune of a $60 billion future by 2032.
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2STATISTAstatista.comVisit source
- Reference 3MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 4FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 5MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 6RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 7ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 8TRANSPARENCYMARKETRESEARCHtransparencymarketresearch.comVisit source
- Reference 9IBISWORLDibisworld.comVisit source
- Reference 10EXPERTMARKETRESEARCHexpertmarketresearch.comVisit source
- Reference 11BUSINESSRESEARCHINSIGHTSbusinessresearchinsights.comVisit source
- Reference 12NRNnrn.comVisit source
- Reference 13DATABRIDGEMARKETRESEARCHdatabridgemarketresearch.comVisit source
- Reference 14FUTUREMARKETINSIGHTSfuturemarketinsights.comVisit source
- Reference 15POLARISMARKETRESEARCHpolarismarketresearch.comVisit source
- Reference 16TRADEtrade.govVisit source
- Reference 17CHINAMARKETRESEARCHchinamarketresearch.comVisit source
- Reference 18IMARCGROUPimarcgroup.comVisit source
- Reference 19MARKETRESEARCHFUTUREmarketresearchfuture.comVisit source
- Reference 20NRAEFnraef.orgVisit source
- Reference 21CATERERcaterer.comVisit source
- Reference 22FDATRACKERfdatracker.comVisit source
- Reference 23ASHRAEashrae.orgVisit source
- Reference 24QSRMAGAZINEqsrmagazine.comVisit source
- Reference 25GOURMETRETAILgourmetretail.comVisit source
- Reference 26HOSPITALITYNEThospitalitynet.orgVisit source
- Reference 27PIZZATODAYpizzatoday.comVisit source
- Reference 28APAC-HOSPITALITYapac-hospitality.comVisit source
- Reference 29CATERINGINSIGHTScateringinsights.comVisit source
- Reference 30FMAWEBfmaweb.orgVisit source
- Reference 31RESTAURANTBUSINESSONLINErestaurantbusinessonline.comVisit source
- Reference 32UKCMAukcma.org.ukVisit source
- Reference 33SPECIALTYCOFFEEASSOCIATIONspecialtycoffeeassociation.orgVisit source
- Reference 34KITCHENRESOURCESkitchenresources.comVisit source
- Reference 35EUROMONITOReuromonitor.comVisit source
- Reference 36COMPACTEQUIPMENTNEWScompactequipmentnews.comVisit source
- Reference 37AMERICANBAKERSASSOCIATIONamericanbakersassociation.orgVisit source
- Reference 38TURBOCHEFturbochef.comVisit source
- Reference 39CHICKENMARKETINGchickenmarketing.comVisit source
- Reference 40HOTELDIVEhoteldive.comVisit source
- Reference 41FOODSERVICEDIRECTORfoodservicedirector.comVisit source
- Reference 42NRAnra.orgVisit source
- Reference 43HEALTHYCOOKINGhealthycooking.orgVisit source
- Reference 44BARMEDIAbarmedia.comVisit source
- Reference 45SCHOOLNUTRITIONschoolnutrition.orgVisit source
- Reference 46MEIKOmeiko.comVisit source
- Reference 47FOODSERVICECONSULTANTSfoodserviceconsultants.orgVisit source
- Reference 48ABRAabra.com.brVisit source
- Reference 49JAPANFOODSERVICEjapanfoodservice.orgVisit source
- Reference 50AHLAahla.comVisit source
- Reference 51FFPMAffpma.frVisit source
- Reference 52GULFOODgulfood.comVisit source
- Reference 53RESTAURANT-HOSPITALITYrestaurant-hospitality.com.auVisit source
- Reference 54KFIAkfia.or.krVisit source
- Reference 55NYCFOODSERVICEnycfoodservice.comVisit source
- Reference 56FIERAfiera.milano.itVisit source
- Reference 57ACELANacelan.com.arVisit source
- Reference 58SAUDIFOODEXPOsaudifoodexpo.comVisit source
- Reference 59RESTAURANTSCANADArestaurantscanada.orgVisit source
- Reference 60HOSTELEUROPEhosteleurope.comVisit source
- Reference 61GAIKINDOgaikindo.or.idVisit source
- Reference 62IFMAifma.orgVisit source
- Reference 63VKHNvkhn.nlVisit source
- Reference 64TURKEYFOODEXPOturkeyfoodexpo.comVisit source
- Reference 65THAIFEX-ANUGAthaifex-anuga.comVisit source
- Reference 66OHRMAohrma.comVisit source
- Reference 67POLANDFOODTECHpolandfoodtech.comVisit source
- Reference 68VIETFOODvietfood.orgVisit source
- Reference 69OHIOFOODSERVICEohiofoodservice.comVisit source
- Reference 70SVENSKHOTELLsvenskhotell.seVisit source
- Reference 71HORECAEGYPThorecaegypt.comVisit source
- Reference 72IOTSOLUTIONSCORPiotsolutionscorp.comVisit source
- Reference 73EHIehi.deVisit source
- Reference 74MCKINSEYmckinsey.comVisit source
- Reference 75NSFnsf.orgVisit source
- Reference 76ADDITIVEMANUFACTURINGadditivemanufacturing.mediaVisit source
- Reference 77IRENEWORLDireneworld.orgVisit source
- Reference 78HALVORSENhalvorsen.co.ukVisit source
- Reference 79RATIONAL-ONLINErational-online.comVisit source
- Reference 80IBMibm.comVisit source
- Reference 81ALEXAFORBUSINESSalexaforbusiness.comVisit source
- Reference 82NANOnano.govVisit source
- Reference 83QUALCOMMqualcomm.comVisit source
- Reference 84EUROFINSeurofins.comVisit source
- Reference 85DELOITTEdeloitte.comVisit source
- Reference 86TOYOTAtoyota.comVisit source
- Reference 87ELECTROLUXPROFESSIONALelectroluxprofessional.comVisit source
- Reference 88IMPINJimpinj.comVisit source
- Reference 89QUANTUMTECHquantumtech.comVisit source
- Reference 90MODULARmodular.orgVisit source
- Reference 91SUPREMAINCsupremainc.comVisit source
- Reference 92OSRAMosram.comVisit source
- Reference 93IROBOTirobot.comVisit source
- Reference 94NVIDIAnvidia.comVisit source
- Reference 95PLASTICSEUROPEplasticseurope.orgVisit source
- Reference 96MICROSOFTmicrosoft.comVisit source
- Reference 97APPLEapple.comVisit source
- Reference 98CLIMEWORKSclimeworks.comVisit source
- Reference 99AUTODESKautodesk.comVisit source
- Reference 100POWERMATpowermat.comVisit source
- Reference 101ENERGYSTARenergystar.govVisit source
- Reference 102CBIcbi.euVisit source
- Reference 103PLANTBASEDFOODSplantbasedfoods.orgVisit source
- Reference 104WEBSTAURANTSTOREwebstaurantstore.comVisit source
- Reference 105HOSPITALITY-ASIAhospitality-asia.comVisit source
- Reference 106RESTAURANTrestaurant.orgVisit source
- Reference 107SNAsna.orgVisit source
- Reference 108EQUIPMENTASERVICEequipmentaservice.comVisit source
- Reference 109PATIOFOODSERVICEpatiofoodservice.comVisit source
- Reference 110TECHNOMICtechnomic.comVisit source
- Reference 111EFFRAeffra.euVisit source
- Reference 112TOASTTABtoasttab.comVisit source
- Reference 113HALALFOODAUTHORITYhalalfoodauthority.netVisit source
- Reference 114DATASSENTIALdatassential.comVisit source
- Reference 115FINEDININGLOVERSfinedininglovers.comVisit source
- Reference 116BUYSELLFOODSERVICEbuysellfoodservice.comVisit source
- Reference 117NCRncr.comVisit source
- Reference 118WATERwater.orgVisit source
- Reference 119KITCHENHUBkitchenhub.comVisit source
- Reference 120PRECISIONNUTRITIONprecisionnutrition.comVisit source
- Reference 121PWCpwc.comVisit source
- Reference 122MOLEYROBOTICSmoleyrobotics.comVisit source