Global QSR Food Service Equipment Market Projected to Exceed $25.6 Billion by 2030, MarkWide Research Reports
According to a new report published by MarkWide Research, titled, “Global QSR Food Service Equipment Market,” the global market for Quick Service Restaurant (QSR) food service equipment is projected to exceed $25.6 billion by 2030, displaying a robust CAGR of 5.8% during the forecast period from 2023 to 2030.
QSR food service equipment is critical to the efficient and hygienic preparation of food in the fast-food and restaurant industry. The market’s growth is driven by the expansion of QSR chains, increasing demand for convenience dining, and the need for modernized kitchen equipment.
Key findings from the report:
- QSR Industry Growth: The rapid expansion of QSR chains and the popularity of fast-casual dining drive the demand for food service equipment.
- Kitchen Efficiency: Modern equipment enhances kitchen efficiency, reducing wait times and ensuring food quality.
- Technological Advancements: Integration of smart technologies, automation, and energy-efficient equipment are key trends in the market.
- Hygiene and Safety: Equipment that ensures food safety and hygiene remains a top priority for QSR operators.
- Global Food Trends: The adaptation of global food trends in QSR menus requires versatile food service equipment.
- Market Competitors: Leading players in the QSR food service equipment market include Middleby Corporation, Rational AG, and Welbilt Inc., who continually innovate to meet evolving industry demands.
The report predicts substantial growth in the global QSR food service equipment market as consumers continue to favor quick and convenient dining options. MarkWide Research’s comprehensive analysis provides insights into the market’s current landscape and future trends, empowering industry stakeholders to make informed decisions and capitalize on opportunities in the QSR food service equipment market.
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