Restaurant Equipment Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to restaurant equipment market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Restaurant Equipment Market News

in Restaurant Equipment Market
  • Welbilt introduced their cloud-based kitchen operating system in July 2024, combining automatic cooking, electronic monitoring, and real-time intelligence on equipment performance. The digital platform may help restaurant operators lower operating costs and enhance efficiency in food preparation by maximizing the use of energy and optimizing the flow of kitchens.
  • The IoT-enabled modular cooking platforms for peak performance and energy efficiency were launched by Electrolux in June 2024. The platforms are expandable and flexible, enabling restaurant operators to design equipment layouts according to their requirements and maximize kitchen productivity.
  • Hoshizaki's eco-friendly refrigeration systems with smart temperature controls and energy-saving compressors were launched for the first time in April 2024. These products address the increasing demand for sustainable solutions in the restaurant equipment industry by helping reduce energy consumption while maintaining optimum cooling performance.
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Global Restaurant Equipment Market size was valued at USD 86.46 Billion in 2023 and is poised to grow from USD 92.89 Billion in 2024 to USD 174.47 Billion by 2032, growing at a CAGR of 7.5% in the forecast period (2025-2032).

Multinational companies and innovative startups are competing for market share in the competitive restaurant equipment market. The companies are using market diversification, strategic collaboration, and product innovation as strategies. Companies such as Rational AG and Middleby Corporation specialize in developing intelligent kitchen technology, while others are targeting growth markets. To comply with legal requirements and consumer expectations for sustainability, top companies also employ energy-efficient technology. 'Middleby Corporation', 'Rational AG', 'Electrolux Professional', 'Welbilt, Inc.', 'Hoshizaki Corporation', 'Meiko', 'Turbo Air Inc.', 'KitchenAid Commercial', 'Foster Refrigerator', 'Lincoln Foodservice Products', 'Fagor Industrial', 'Ali Group', 'Lincat Ltd.', 'Enodis Plc', 'Cleveland Range'

Restaurant business is being revolutionized by intelligent kitchen technology, including AI-based solutions and IoT-based devices. They enhance food quality, operational efficiency, and waste minimization by making energy optimization data-driven, predictive maintenance possible, and enabling remote monitoring. Induction cooktops and combi ovens, for instance, are increasingly being utilized in the majority of kitchens as a result of their improved energy efficiency, consistency, and performance.

Integration of IoT and Smart Kitchens: Restaurant operations are evolving due to the increased adoption of smart kitchens and the integration of IoT-capable gadgets. Interconnected ovens, refrigerators, and dishwashers are some of the appliances that provide predictive maintenance, energy efficiency, and real-time equipment monitoring. By 2025, most restaurants in developed nations will utilize these technologies to meet operational and sustainability objectives by enhancing food safety, reducing downtime, and maximizing kitchen efficiency.

Why North America Leads in Smart Kitchen Equipment Adoption?

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Global Restaurant Equipment Market
Restaurant Equipment Market

Report ID: SQMIG20E2121

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