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August 18, 2022

The rise in popularity of creative cooking and baking has led to a variety of dining out options for consumers

POTLAND, USA, August 16, 2022 / – According to a new report published by Allied Market Research, titled “Food Service Equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2021–2027” of the global restaurant equipment market was valued at $ 34,252.0 million in 2019 and is expected to reach $ 44,810.8 million by 2027, posting a CAGR of 5.7% from 2021 to 2027. Catering facilities also offer the ease of food preparation to food safety in commercial kitchens. Products such as refrigerators and amp; freezers, display cabinets, cutlery and ovens for baked goods are offered by leading companies, guaranteeing premium quality and low maintenance costs. Furthermore, these equipments are needed to provide food and food; beverage services by commercial kitchens including fast service restaurants, hotels and restaurants. This in turn has fueled the market demand for food service equipment in terms of value sales.

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The COVID-19 outbreak has severely hampered the growth of the catering equipment market. This is attributed to the fact that the food service equipment industry largely depends on the hospitality sector for its revenue generation. The recent declaration relating to the closure of a substantial portion of the hospitality sector, including restaurants, pubs and full service restaurants; fast-service bars and restaurants have significantly hindered the sale of catering equipment.

The development of the hospitality sector is expected to drive the growth of the catering equipment market. In addition, the increase in business travel, the increase in urban population and the increase in the number of food and beverage outlets such as hotels and restaurants are fueling the growth of the hospitality industry, thus driving the growth of the catering equipment market. . Changing eating habits and the hectic lifestyle of consumers have led to an increase in demand for ready meals. Rapid changes in supporting factors such as disposable income, consumer preferences, the increase in the female working population and digitalization have led to an increase in the number of fast, pop and amp services. shop and other types of restaurants.

Furthermore, changes in food consumption trends and the growing need to reduce food waste have led to the development of innovative kitchen equipment. These factors are expected to drive the growth of the catering equipment market during the forecast period.

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In addition, the continuous developments in cooling technologies and favorable government regulations to promote the production of refrigerators and amp; Ovens are expected to open new avenues for catering equipment manufacturers. However, higher installation costs are expected to limit its take-up, particularly in developing regions. In addition, the increased demand for visually appealing catering equipment among restaurants and hotels is fueling the growth of the catering equipment market.

In addition, catering equipment such as fast cooking ovens that have different cooking methods to prepare a variety of foods are in trend. For example, TurboChef’s ventless double batch impact oven consists of two independently controlled high-speed ovens with oscillating grids, which reduce cooking times and facilitate the preparation of more foods. In addition, each oven can be controlled with a split-screen touch controller connected to Wi-Fi. Therefore, making these multifunctional IOT equipments popular in the restaurant industry.

In addition, the demand for catering equipment such as automated cooking & amp; beverage systems, non-contact dispensing & amp; Delivery equipment, cloud-based IoT solution and other equipment addressing the evolving food service environment are increasing significantly, which, in turn, should drive market growth.

The global catering equipment market segments are categorized by product type, end use, and region. By product type, it is classified into kitchen equipment, storage and amp; handling equipment, dishwashing equipment and service equipment. For end use, it is divided into full service restaurants and hotels, fast service restaurants and catering. As for the region, the market is analyzed in North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain and rest of Europe), Asia-Pacific (China, India, Australia , Japan, and the rest of Asia-Pacific) and LAMEA (Brazil, United Arab Emirates, South Africa and the rest of LAMEA).

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Some of the major players in the global food service equipment industry analyzed in this report include Duke Manufacturing Co. Inc., Electrolux, Dover Corporation, Illinois Tool Works (ITW), Inc., Ali Group S.r.l. a Sole Shareholder, Welbilt, Inc., Middleby Corporation, Alto-Shaam, Inc., Comstock-Castle Stove Co., Inc. and Cambro Manufacturing Co. Inc.

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David Correa

Allied Analytics LLP