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 2023-2028″, the global catering equipment market is projected to grow at a CAGR of 5.40% between 2023 and 2028. Aided by the rising demand for efficient foodservice operations and the escalating growth of the hospitality sector, the market is expected to grow significantly by 2028.
Catering equipment comprises various appliances and accessories that are integral to the foodservice industry, including cooking, preparation, serving, and cleaning equipment. These tools play a pivotal role in enhancing the efficiency, productivity, and quality of food preparation and delivery. From commercial kitchens in restaurants and hotels to mobile catering services, this equipment is omnipresent in any setup where food is prepared and served to a large number of people.
The accelerating demand for efficient and fast foodservice operations is driving the global catering equipment market growth. With consumers becoming increasingly time-conscious, the emphasis on quick and efficient food preparation and service is paramount. This is causing a surge in demand for advanced catering equipment that can reduce cooking time and increase productivity. In addition, the growing trend of dining out, coupled with the rising disposable incomes, has led to a significant expansion of the restaurant and hospitality sector, further bolstering the market growth.
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The expanding applications of catering equipment across different sectors also contribute significantly to the catering equipment market expansion. In the hospitality industry, high-quality catering equipment is essential for delivering exceptional foodservice in hotels, resorts, and cruise ships. In the healthcare sector, catering equipment is utilised in hospital kitchens to prepare meals for patients. The corporate sector also employs catering services for various events and meetings, while educational institutions rely on such equipment for their cafeteria operations.
Furthermore, technological advancements and innovation in the catering equipment industry are boosting the catering equipment market development. The advent of smart and energy-efficient equipment, such as programmable ovens and eco-friendly refrigeration units, are gaining traction among foodservice providers. These appliances not only increase operational efficiency but also help in reducing energy costs and environmental impact, aligning with the increasing emphasis on sustainability in the foodservice industry.
The rise of mobile and event catering services also presents an increased demand for portable and compact catering equipment. From food trucks to wedding caterers, these services require equipment that is adaptable, space-efficient, and easy to transport, thereby further fuelling the catering equipment market growth.
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Global Catering Equipment Market Segmentation
The market can be divided based on type, end use, distribution channel, 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 Channel
- 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 acquisitions and mergers, among other major developments, of the global catering equipment companies. Some of the major key 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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