The global QSR food service equipment market size is expected to reach USD 19.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. The market growth is attributed to changing lifestyle and demand for fast foods, such as pizza, fries, pastries, and burgers. Furthermore, the usage of cooking, storage, and food preparation equipment, such as peelers, choppers, grater, ovens, refrigerators, fryers, and griddle, help in reducing the preparation and cooking time.
Rapid urbanization, sedentary lifestyle, and work-life imbalance has changed the way people consume food. Thus, lack of time due to busy schedules and quick access to fast foods provide potential growth opportunities to QSRs. Moreover, increased earning capacity has fueled the demand for fast foods thereby supporting market growth. According to the United States Department of Agriculture, the food choice and “Food Away From Home” (FAFH) share increased in the U.S. households as total food spending and budgets grew steadily.
The expansion of fast-food franchises from America to other parts of the world has had the most lasting impression on the changing scenario of the fast-food industry across the world. Furthermore, usage of different cooking equipment according to the local fast food is proliferating the growth of the market.
Request a free sample copy or view report summary: QSR Food Service Equipment Market Report
The cooking equipment type segment led the market in 2019 and is estimated to expand further at the fastest CAGR of 6.8% from 2020 to 2027
Increasing demand for cooking equipment for boiling, frying, and grilling frozen foods is expected to fuel the segment growth over the forecast period.
The storage & handling segment is anticipated to witness a steady growth over the forecast period
This growth is attributed to rising need for storing cooking supplies, utensils, and dry ingredients, such as spices, and flours
Grand View Research has segmented the global QSR food service equipment market on the basis of equipment type, cooking, warewashing, food & beverage preparation, refrigeration, serving, storage & handling, and region:
QSR Food Service Equipment Type Outlook (Revenue, USD Million, 2016 - 2027)
Food & Beverage Preparation
Storage and Handling
QSR Food Service Equipment Cooking Equipment Outlook (Revenue, USD Million, 2016 - 2027)
Braising Pans/Tilting Skillets
QSR Food Service Equipment Warewashing Equipment (Revenue, USD Million, 2016 - 2027)
Produce washer and Utensil Washer
QSR Food Service Equipment Food & Beverage Preparation Equipment (Revenue, USD Million, 2016 - 2027)
Choppers, Dicers, Graters, Peelers, Non-Bread Slicers
Juice Extractors/Juicing Equipment
Meat Processing Equipment
QSR Food Service Equipment Refrigeration Equipment (Revenue, USD Million, 2016 - 2027)
Ice-Making/Dispensing/Holding Equipment and Ice Cream Equipment
Water Filters & Water Filter Systems
QSR Food Service Equipment Serving Equipment (Revenue, USD Million, 2016 - 2027)
Beverage Dispensers/Soda Fountains & Equipment
Carving Stations/Meat-Serving Stations
Warmers (not Merchandisers)
Serving/Buffet Lines and Serving Carts
QSR Food Service Equipment Storage and Handling Equipment (Revenue, USD Million, 2016 - 2027)
Bus/Tote Boxes and Dispensers (Non-Food)
Carts and Conveyor
Food & Ingredient Canisters & Containers
QSR Food Service Equipment Regional Outlook (Revenue, USD Million 2016 - 2027)
List of Key Players of QSR Food Service Equipment Market
Kings Kitchen Solutions
Guangzhou Junjian Kitchen Appliances & Refrigeration Equipment Co., Ltd.
Taylor Commercial Foodservice, Inc.
Hoshizaki America, Inc.
The Vollrath Company, LLC
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."