Restaurant Equipment Market Size

Global Restaurant Equipment Market size was valued at USD 87.6 billion in 2023 and is poised to grow from USD 95.31 billion in 2024 to USD 187.14 billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032). 

The global restaurant equipment market growth is driven by technological advancements and shifting consumer preferences. The key drivers of the market are the increasing demand for automated and energy-efficient equipment, and the increasing popularity of online ordering and food delivery services.

Furthermore, the growth of online food delivery services and the increasing popularity of online ordering have significantly influenced the restaurant industry. To accommodate the growing need for takeaway and delivery orders, restaurants are significantly investing in equipment that allows them to fill orders and package food efficiently. Food warmers, delivery bags, and thermal packaging are specialized equipment that allows food to remain fresh and in a good state when being transported. Growing demand for food delivery and online ordering will be most predicted to continue to drive demand for restaurant equipment over the next few years.

• For instance, in May 2025, Uber announced it was buying an 85% stake in Trendyol Go, a popular Turkish food and grocery delivery company, for USD 700 million. Trendyol Go processed over 200 million orders in 2024, showing growing demand for food delivery services. The takeover emphasizes the importance of solid delivery infrastructure, and restaurants will make investments in devices like thermal packaging and efficient order management systems to deal with growing online orders.

How are IoT-Enabled Kitchens Revolutionizing Restaurant Operations?

By facilitating data-based energy efficiency, preemptive maintenance, and remote monitoring, internet-connected kitchen appliances are revolutionizing the global restaurant equipment industry. Smart ovens, refrigerators, grills, and dishwashers are examples of appliances that can track consumption trends, send out real-time alerts, and dynamically modify their performance in response to operational demands. By precisely controlling the temperature, intelligent systems increase food safety, save downtime, and increase energy efficiency. IoT technology has allowed restaurants to have better control over the efficiency of their kitchens, their maintenance schedules, and their overall cost-benefit analysis, which have increased both production and sustainability.

• For instance, in 2024, Middleby Corporation teamed up with several quick-service restaurant chains in the United States to roll out its Internet of Things-enabled ovens and fryers across various locations. The intelligent appliances enabled real-time reminders for equipment operation and maintenance needs. Over the six months since they deployed, a well-known burger firm witnessed a 12% cut in energy use and a 15% decrease in equipment downtime. The chain started rolling out these solutions chain-wide in early 2025, citing improved kitchen productivity, less food waste, and faster serving times.