The foodservice and hospitality equipment industry has experienced a remarkable surge, expected to reach a valuation of USD 55 billion by 2028, with a CAGR of 5.8% during 2023-2028. This growth is fuelled by several pivotal factors, such as:
- Technological Advancements: Integration of smart technologies and IoT solutions to enhance operational efficiency and streamline processes.
- Sustainability Initiatives: Rising focus on eco-friendly and energy-efficient equipment to reduce carbon footprints and operational costs.
- Demand from Emerging Markets: The increasing number of hotels, restaurants, and catering services in developing regions amplifies the need for quality foodservice equipment.
Key categories include:
- Food Preparation and Cooking Equipment
- Beverage and Dispensing Machines
- Service and Counter Equipment
- Catering and Foodservice Equipment
- Hygiene and Maintenance
- Logistics and Storage
- Specialised Equipment