Global Commercial Foodservice Equipment Market Status and Industrial Chain: Market Scale is $39.12 Billion in 2024

Global Commercial Foodservice Equipment Market Overview

According to Global Market Monitor, the global commercial food service equipment market size will be $39.12 billion in 2024 with a CAGR of 4.16% from 2024 to 2029.

Commercial Food Service Equipment refers to a range of equipment used in restaurants or various types of food stores, including Baking Equipment, Cooking Equipment, Washing Equipment, Preparation Equipment, Holding and storing Equipment, Beverage Equipment, Ice, Refrigeration, and Others. The report mainly studies the global commercial food service equipment market.

Industrial Chain

The upstream industry is competitive. Usually, the basic raw materials and parts for the company's products can be adequately supplied through outsourcing and external processing. At present, the upstream industry is fully developed, and the technology is progressing rapidly, which is beneficial to its healthy development. Changes in the prices of raw materials and spare parts provided by the upstream industry will directly affect the purchasing cost of the industry, and their quality and delivery cycle will also affect the quality and delivery cycle of products produced by the industry. If the upstream industry's cost rises or its production capacity shrinks, it will lead to the industry's cost rise or affect the delivery cycle, thus affecting the industry's development.

The goal of equipment manufacturers is to focus on the cost-effective services that can be provided to improve the quality of food and services, which can be used for the preparation, service, and storage of food and beverage products. Commercial service equipment is widely used in Chinese food, western food, hotels, bakeries, bars, cafes, canteens, fast food restaurants, and other places. Compared with domestic food service equipment, there are more product specifications and types, and the scope of application is wider. In the current market situation, in the past few years, the turnover of customers to restaurants and catering service stores has remained stable or showed an upward trend. In addition, with the increasingly fierce competition in the catering industry and the increasing number of fast-food chain stores, people pay more and more attention to the efficient supply chain. The application of Commercial Foodservice Equipment can greatly improve efficiency and save labor cost. Therefore, the demand for Commercial Foodservice Equipment in the downstream market is growing steadily.

Market Drivers

The application of new technologies in the Commercial service equipment industry will be more and more extensive, and the speed of product renewal will be accelerated. It is the consensus of leading enterprises in the industry to introduce advanced equipment in time, update concepts and technologies, and introduce concepts such as intelligent manufacturing into production organization.

One of the latest trends driving the Commercial service equipment market is online shopping, which makes it easy for consumers to choose their favorite products. Traditional marketing methods usually rely on distributors and other channels. However, e-commerce allows companies to set up their websites or sell products on other major platforms. Because of convenience and diversity, consumers tend to shop online. Therefore, the integration of e-commerce undoubtedly expands the marketing and sales channels. This method can not only improve brand awareness but also bring extra profits to the company. The increase in smartphone usage, special applications, and new payment methods have promoted the whole online market, thus promoting the growth of the Commercial service equipment market.

Drivers	Demand in the downstream market is rising.
	New sales channels
	Technological updates are accelerating.
Restraints	Product homogenization
	Low-price vicious competition is serious.

For more industry information, please refer to our latest released "2023 Global Commercial Foodservice Equipment Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".