Key Takeaways
- The global restaurant equipment market was valued at approximately $14.6 billion in 2022 and is projected to reach $20.8 billion by 2030, growing at a CAGR of 4.5%.
- U.S. commercial cooking equipment manufacturing industry revenue reached $3.2 billion in 2023, up 2.8% from the previous year.
- The North American restaurant equipment market is expected to grow from $5.1 billion in 2023 to $7.2 billion by 2028 at a CAGR of 7.1%.
- Cooking equipment sales in U.S. restaurants totaled 45% of all equipment purchases in 2023, with ovens leading at 22% share.
- Refrigeration units accounted for 28% of global restaurant equipment sales volume in 2022, over 2.5 million units shipped.
- Commercial dishwashers represented 15% of U.S. foodservice equipment revenue in 2023, $1.9 billion.
- U.S. quick-service restaurants spent $4.5 billion on cooking equipment in 2023.
- Global restaurant equipment e-commerce sales reached $2.8 billion in 2023, up 22% YoY.
- Average revenue per U.S. restaurant equipment dealer $3.2 million in 2023.
- 65% of U.S. restaurants adopted energy-efficient equipment by 2023.
- IoT integration in kitchen equipment rose 45% YoY to 28% adoption globally 2023.
- 72% of new restaurants installing combi-ovens over traditional in 2023 Europe.
- Global restaurant equipment supply chain disruptions affected 42% of manufacturers in 2022 due to chip shortages.
- 55% of U.S. restaurant equipment imported from China in 2023.
- Steel prices rose 28% impacting equipment costs globally 2023.
The global restaurant equipment market is steadily growing and diversifying across regions and segments.
Equipment Types and Sales
- Cooking equipment sales in U.S. restaurants totaled 45% of all equipment purchases in 2023, with ovens leading at 22% share.
- Refrigeration units accounted for 28% of global restaurant equipment sales volume in 2022, over 2.5 million units shipped.
- Commercial dishwashers represented 15% of U.S. foodservice equipment revenue in 2023, $1.9 billion.
- Fryers held 12% market share in European restaurant equipment sales in 2023, with gas models at 60% preference.
- Prep tables and worktables sales grew 8% in North America, comprising 10% of total equipment buys in 2023.
- Pizza ovens sales volume reached 150,000 units globally in 2022, deck ovens 55% of that.
- Ventilation hoods accounted for 7% of Asia-Pacific restaurant equipment expenditures in 2023.
- Beverage dispensers sales in U.S. quick-service restaurants hit 120,000 units in 2023.
- Steamers and combi-ovens made up 18% of premium equipment sales in full-service restaurants worldwide, 2023.
- Sinks and faucets represented 5% of total equipment installations in new U.S. restaurants, 45,000 units in 2023.
- Grills and griddles sales volume 1.2 million units globally in 2022, electric 40% share.
- Ice makers sold 900,000 units in U.S. hospitality sector 2023, modular types 65%.
- Food processors and mixers accounted for 9% of smallware sales in restaurants, $750 million globally 2023.
- Walk-in refrigerators installations 250,000 in Europe 2022, energy-efficient models 70%.
- Convection ovens sales grew 10% YoY to 800,000 units worldwide 2023.
- Bar equipment like blenders and shakers $400 million sales in U.S. 2023.
- Shelving and storage units 1.5 million units sold in North America restaurants 2023.
- Toasters and warmers 600,000 units in quick-service chains globally 2022.
- Range sales dominated cooking category at 25% share, 1.8 million units U.S. 2023.
- Undercounter refrigerators 400,000 units shipped Europe 2023, 55% stainless steel.
- Broilers sales $350 million in premium steakhouse segment worldwide 2023.
- Cutlery and utensils smallwares $1.2 billion annual sales globally 2023.
- Holding cabinets 300,000 units in fast-casual restaurants U.S. 2023.
- Slicer machines 150,000 units sold worldwide delis 2022.
- Proofers and retarders $250 million market in bakery cafes 2023.
- Espresso machines 500,000 units in coffee shops globally 2023.
Equipment Types and Sales Interpretation
Market Size and Growth
- The global restaurant equipment market was valued at approximately $14.6 billion in 2022 and is projected to reach $20.8 billion by 2030, growing at a CAGR of 4.5%.
- U.S. commercial cooking equipment manufacturing industry revenue reached $3.2 billion in 2023, up 2.8% from the previous year.
- The North American restaurant equipment market is expected to grow from $5.1 billion in 2023 to $7.2 billion by 2028 at a CAGR of 7.1%.
- Asia-Pacific restaurant equipment market accounted for 38% of global share in 2022, valued at $5.5 billion.
- European commercial kitchen appliances market size was $4.2 billion in 2023, projected CAGR of 4.8% through 2030.
- U.S. foodservice equipment market grew by 6.3% YoY in 2023 to $12.4 billion.
- Global refrigeration equipment for restaurants segment was $3.8 billion in 2022, CAGR 5.1% to 2030.
- Latin America restaurant equipment market expected to hit $1.9 billion by 2027, CAGR 5.4%.
- Middle East & Africa commercial kitchen market valued at $1.2 billion in 2023, growth rate 6.2%.
- Cloud kitchen equipment market globally reached $2.1 billion in 2023, projected $4.5 billion by 2030.
- U.S. restaurant equipment aftermarket services generated $1.8 billion in revenue in 2023.
- Indian restaurant equipment market size $850 million in 2022, CAGR 9.2% to 2028.
- Global smart kitchen equipment for restaurants market $1.1 billion in 2023, CAGR 12.5%.
- Australia foodservice equipment market $650 million in 2023, growth 4.9% annually.
- China commercial cooking equipment market $2.4 billion in 2022, CAGR 7.8%.
- UK restaurant equipment leasing market $420 million in 2023.
- Global used restaurant equipment market $900 million in 2023, up 15% YoY.
- Canada foodservice disposables and equipment market $1.5 billion in 2023.
- Southeast Asia restaurant equipment imports totaled $1.2 billion in 2022.
- Brazil commercial kitchen market $750 million in 2023, CAGR 6.1%.
- Global HVAC equipment for restaurants $2.3 billion in 2022, CAGR 5.3%.
- South Korea restaurant equipment market $550 million in 2023.
- Russia foodservice equipment sector $400 million pre-2022, recovering at 3% CAGR.
- Global pizza oven market for restaurants $450 million in 2023.
- U.S. walk-in cooler market $1.2 billion in 2023.
- Japan commercial dishwasher market $300 million in 2022.
- Global fryer equipment market $1.8 billion in 2023, CAGR 4.2%.
- Mexico restaurant equipment market $600 million in 2023.
- Turkey foodservice equipment imports $250 million in 2022.
- Worldwide conveyor oven market $350 million in 2023.
- U.S. ice machine market for hospitality $850 million in 2023.
Market Size and Growth Interpretation
Sales and Revenue Stats
- U.S. quick-service restaurants spent $4.5 billion on cooking equipment in 2023.
- Global restaurant equipment e-commerce sales reached $2.8 billion in 2023, up 22% YoY.
- Average revenue per U.S. restaurant equipment dealer $3.2 million in 2023.
- Refrigeration equipment generated $3.1 billion in sales for top 10 manufacturers 2022.
- Leasing accounted for 35% of total equipment acquisition revenue $5.6 billion U.S. 2023.
- Aftermarket parts sales $2.4 billion globally for restaurant equipment 2023.
- U.S. full-service restaurants equipment capex $6.8 billion in 2023.
- Online B2B sales of smallwares $900 million worldwide 2023.
- Dishwasher sales revenue $1.7 billion Europe 2023, rack type 60%.
- Used equipment resale market $1.1 billion U.S. 2023, auctions 40% share.
- OEM parts revenue $1.5 billion for cooking appliances globally 2022.
- Fast-casual segment equipment spend $3.4 billion North America 2023.
- Energy Star certified equipment sales $4.2 billion U.S. 2023.
- Installation services revenue $850 million attached to equipment sales U.S. 2023.
- Rental equipment market $650 million globally for events and pop-ups 2023.
- HVAC systems for kitchens $1.9 billion sales worldwide 2023.
- Maintenance contracts $1.2 billion annual revenue U.S. restaurants 2023.
- Custom fabrication equipment orders $750 million Europe 2023.
- Digital signage and POS integrated equipment $400 million sales 2023.
- Buffet serving equipment $550 million global sales 2023.
- Fryer oil management systems $250 million revenue 2023.
- Conveyor dishwasher leases $300 million U.S. 2023.
- Ventilation service contracts $450 million attached sales 2023.
- Small kitchen appliance bundles $600 million QSR sales 2023.
- IoT-enabled equipment sales $800 million globally 2023.
- Warewashing chemicals tied to equipment $350 million 2023.
Sales and Revenue Stats Interpretation
Supply Chain and Sustainability
- Global restaurant equipment supply chain disruptions affected 42% of manufacturers in 2022 due to chip shortages.
- 55% of U.S. restaurant equipment imported from China in 2023.
- Steel prices rose 28% impacting equipment costs globally 2023.
- Recycling rate of old restaurant equipment reached 78% in EU 2023.
- Lead time for refrigeration units averaged 16 weeks U.S. 2023.
- 62% of manufacturers shifted to sustainable packaging by 2023.
- Copper shortages delayed HVAC installs by 25% worldwide 2023.
- Local sourcing increased 35% post-pandemic for equipment parts U.S.
- Carbon footprint of cooking equipment production down 22% since 2019.
- 48% of suppliers adopted blockchain traceability 2023 premium segment.
- Freight costs up 40% for equipment shipping Europe-Asia 2023.
- Water usage in manufacturing reduced 30% industry average 2023.
- 70% of stainless steel equipment now recycled content globally.
- Vendor consolidation reduced supplier count by 20% for chains 2023.
- Rare earth magnets shortage hit induction cookers 15% production drop.
- Energy consumption of new equipment down 35% vs 10-year-old models.
- 52% manufacturers certified ISO 14001 for sustainability 2023.
- Aluminum pricing volatility affected fryer baskets 18% cost hike 2023.
- Reverse logistics for returns optimized 25% efficiency U.S. 2023.
- Solar-powered manufacturing facilities 12% of top suppliers 2023.
- Labor shortages in assembly lines 33% vacancy rate Asia 2023.
- Refrigerant regulations phased out HFCs in 65% new units EU.
- Digital twin tech for supply forecasting adopted by 28% firms.
- Waste reduction in production 45% target met by leaders 2023.
- Tariff impacts added 12% cost on imports from Mexico U.S. 2023.
- Biodiversity sourcing for wood components 40% certified sustainable.
Supply Chain and Sustainability Interpretation
Trends and Innovations
- 65% of U.S. restaurants adopted energy-efficient equipment by 2023.
- IoT integration in kitchen equipment rose 45% YoY to 28% adoption globally 2023.
- 72% of new restaurants installing combi-ovens over traditional in 2023 Europe.
- Automation in dishwashing adopted by 55% of large chains U.S. 2023.
- Sustainability drove 40% of equipment purchase decisions worldwide 2023.
- Touchless faucets and dispensers in 62% of renovated U.S. restaurants 2023.
- Cloud-connected refrigeration monitoring used in 35% of operations 2023.
- Modular kitchen designs preferred by 78% of new builds Asia-Pacific 2023.
- AI predictive maintenance adopted by 22% of enterprise restaurants 2023.
- Electric cooking equipment preference up 50% since 2020 in Europe.
- UV sanitation tech in 41% of post-pandemic equipment buys U.S. 2023.
- Energy recovery ventilators installed in 30% of large kitchens 2023.
- Voice-activated controls in 15% of high-end restaurant bars 2023.
- Biodegradable smallware usage up 60% in sustainable chains 2023.
- Robotic food prep arms in 12% of fast-casual pilots 2023.
- LED lighting retrofits in 75% of U.S. restaurant equipment upgrades 2023.
- Blockchain for supply chain tracking in 8% of premium equipment 2023.
- Hybrid gas-electric ranges adopted by 48% of new installs 2023.
- App-based inventory management tied to equipment in 52% ops 2023.
- Water-saving dishwashers 68% preference in drought areas 2023.
- 3D printed custom parts used in 5% of repairs 2023 globally.
- AR design tools for kitchen layouts by 25% of architects 2023.
- Low-NOx burners mandated and adopted 100% in California restaurants 2023.
- Plant-based cooking equipment adaptations in 33% vegan menus 2023.
- Wireless temp sensors in 44% of fridges U.S. chains 2023.
- Zero-waste composters integrated in 19% eco-restaurants 2023.
- NFC payment dispensers in 27% self-service setups 2023.
- CO2 heat pump systems 16% adoption Europe cold storage 2023.
- VR training for equipment use in 10% corporate chains 2023.
- Antimicrobial surfaces standard in 70% new countertops 2023.
Trends and Innovations Interpretation
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