Global Foodservice Equipment Market Outlook to 2026 – Smartphone Penetration and Internet Connectivity Fuel Online Food Delivery Services – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–“Food Service Equipment – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

The global catering equipment market, estimated at US$28.2 billion in 2020, is expected to reach a revised size of US$38.6 billion by 2026, growing at a CAGR of 5.4% on the period of analysis.

Kitchen equipment, one of the segments analyzed in the report, is expected to register a CAGR of 5.7% and reach US$13.1 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the storage and material handling equipment segment is readjusted at a revised CAGR of 6% for the next 7-year period.

The US market is estimated at $8.7 billion in 2021, while China is expected to reach $6.2 billion by 2026

The catering equipment market in the United States is estimated to be worth US$8.7 billion in 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$6.2 billion by 2026 , with a CAGR of 7.4% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 3.8% and 5% respectively over the analysis period. In Europe, Germany is expected to grow around 4.2% CAGR.

Dishwashing Equipment Segment to Reach US$6.6 Billion by 2026

In the global warewashing equipment segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 4.9% for this segment. These regional markets representing a combined market size of US$4 billion in 2020 will reach a projected size of US$5.5 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets.

Select competitors (total of 739 featured) –

  • Ali Group Srl

  • Alto-Shaam Inc.

  • Cambro Manufacturing Co. Inc.

  • Comstock-Castle Stove Co., Inc.

  • Dover Corporation

  • Duke Manufacturing Co.

  • Electrolux Professional, Inc.

  • Fujimak Company

  • Hoshizaki Company

  • Hubert Company, LLC

  • Illinois Tool Works Inc.

  • Middleby Company

  • Smeg Spa

  • Vollrath, LLC

  • Welbilt Corporation

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • Impact of Covid-19 and a looming global recession

  • World economic growth projections (real GDP, % annual change) for 2019, 2020 and 2021

  • Impact on the restaurant industry

  • The restaurant industry is hard hit by the COVID-19 pandemic: annual variation (in %) of the number of diners seated daily in the restaurant due to the epidemic from February to July 2020

  • The pandemic is driving massive shifts in consumer dining preferences

  • Foodservice operators are adapting to changing consumer behaviors

  • Catering Equipment: Overview and Perspectives

  • Global Foodservice Equipment Market by Product Segment (2020 & 2027): Revenue Percentage Breakdown of Cooking Equipment, Storage & Handling Equipment, Dishwashing Equipment, Food & Beverage Preparation Equipment and other products

  • COVID-19 affects demand for catering equipment

  • Analysis by end use: quick service restaurants and pubs will show the fastest growth

  • Global Foodservice Equipment Market by End-Use (2020 & 2027): Percentage Breakdown of Full-Service Restaurants & Hotels, Quick-Service Restaurants & Pubs, and Other End-Uses Revenue

  • Regional analysis: the United States is the largest region

  • Global Foodservice Equipment Market by Region (2020 and 2027): Revenue Percentage Breakdown for Developed and Developing Regions

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Foodservice industry trends potentially influencing the equipment market

  • Compact and customizable equipment on demand

  • Energy efficiency and sustainability become more relevant

  • Equipment with training functions

  • Emergence of single-serve coffee makers and display cases

  • Innovative contactless options

  • Growth of quick-service restaurants drives demand

  • Global fast food and quick service restaurants market size (in billion US$) for 2019, 2022 and 2025

  • The dynamics of food outlets and restaurants increase the market outlook

  • Changing eating habits and the tendency to eat out bodes well

  • World population (in thousands) by geographical region for the years 2019, 2030, 2050, 2100

  • Healthy gains in third-party online food delivery services and mobile apps drive demand

  • Global online food delivery services market size (in billion US$) for 2019, 2021, 2023 and 2025

  • Global online food delivery market breakdown by platform-to-consumer delivery and restaurant-to-consumer delivery for 2017 and 2020

  • The advantage of online food delivery

  • Smartphone penetration and internet connectivity are fueling online food delivery services

  • Global smartphone market in billions (2016-2021)

  • Number of Internet users (in billions) and Internet penetration rate (in %) for the years 2015 to 2019

  • Food safety management systems are gaining ground

  • Automated and robotic equipment for an incursion into the catering sector

  • IoT seeks a role in the restaurant industry

  • Kitchen display systems come to the fore

  • Smart ovens and Cook & Hold ovens to make money

  • Common problems associated with food grade equipment

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/wa1u50