Global Catering Equipment Market Outlook
According to a new report by Expert Market Research titled “Global Catering Equipment Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global catering equipment market is projected to grow at a CAGR of 5.40% between 2024 and 2032. Aided by the growing number of restaurants and hotels across the globe, the market is expected to grow significantly by 2032.
Catering equipment encompasses a wide range of tools and machinery used in food preparation, cooking, and presentation, primarily in commercial settings like hotels, restaurants, and events. The array includes cooking equipment, refrigeration units, dishwashing machines, and utensils, among others. These tools are essential for efficient and quality service delivery in the catering industry.
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Several factors contribute to the catering equipment market growth. First, the increasing number of restaurants and hotels globally, driven by the rising tourism industry and changing dining preferences, has significantly boosted the demand for advanced and efficient catering equipment. Furthermore, the growing inclination towards automated and energy-efficient appliances for cost-effectiveness and environmental sustainability is propelling market growth.
Technological advancements play a pivotal role in shaping the market. The integration of smart technology and IoT (Internet of Things) in kitchen appliances has led to the emergence of ‘smart kitchens’, enhancing operational efficiency and precision in food service. Additionally, the rising trend of modular kitchen equipment, offering customisation and space optimisation, is gaining traction in the market.
The catering equipment market demand is witnessing significant growth across various regions, with notable developments in North America and Europe, attributed to their well-established hospitality sectors. The Asia-Pacific region is also emerging as a key player due to rapid urbanisation and the growing hospitality industry in countries like China and India.
Looking ahead, the market is set to undergo further evolution with an emphasis on sustainable and eco-friendly products. The rising awareness about environmental conservation is encouraging manufacturers to design equipment that reduces energy consumption and carbon footprint.
The global catering equipment market outlook is being influenced by various reasons. The market’s expansion is underpinned by technological advancements, rising global tourism, and evolving consumer preferences. As the industry adapts to changing market dynamics, catering equipment manufacturers and suppliers are expected to witness lucrative opportunities for growth and innovation.
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Global Catering Equipment Market Segmentation
The market can be divided based on type, end use, distribution channels, and region.
Market Breakup by Type
- Food Handling Equipment
- Food Containers
- Food Conveyors
- Cabinets
- Trolleys
- Others
- Cleaning Equipment
- Catering Accessories
- Others
Market Breakup by End Use
- Full-Service Restaurants and Hotels
- Quick-Service Restaurants
- Caterers
- Others
Market Breakup by Distribution Channels
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global catering equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
- ITW Food Equipment Group
- Welbilt, Inc.
- RATIONAL Aktiengesellschaft
- Lincat Limited
- Winterhalter Gastronom GmbH
- Hoshizaki Corporation
- Jestic Limited
- MEIKO Maschinenbau GmbH & Co KG
- Sammic S.L.
- Maxima – Spangenberg International B.V.
- Others
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