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The global food service equipment market was valued at US$35.40 Bn in 2020 and expected to reach US$46.38 Bn by 2027 and is expanding at a CAGR of 4.1% during the forecast period.

Most of the food and beverage companies are entering the segment of ghost kitchen owing to the rising rents and shrinking margin levels where cutting off the excess space for dining can provide a growth opportunity. The concept of ghost kitchen has transformed the phase of the hospitality and restaurant industry.

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Food Service Equipment Market Analysis 2017-2027 by Size, Share, Types, Application, Trends, Industry Overview with Top Company Profiles - ResearchCMFE

global foodservice equipment market was valued at US$ 35.40 Bn in 2020 is expected to reach US$ 46.38 Bn by 2027, with a growing CAGR of 4.1% during the forecast period (2021-2027).