The commercial food service equipment industry in Saudi Arabia (KSA) was valued at USD 622.3 million in 2023, with demand expected to grow at a CAGR of 5.9% over the forecast period. The total industry value is projected to rise from USD 652.6 million in 2024 to USD 1,159.4 million by 2034.
Central Saudi Arabia is anticipated to maintain its dominant position in the KSA market, with an expected share of around 33% by 2034. The franchising potential for foreign food service brands in KSA is also projected to be significant through 2034. Equipment manufacturers are likely to introduce innovative features in their existing models, with several companies planning substantial investments in research and development to create state-of-the-art equipment.
The influence of Saudi Vision 2030 on the KSA commercial food service industry is expected to be positive, as various government initiatives are driving demand for new food service equipment alongside the growth of the tourism sector. The increasing number of tourists in the region is prompting companies to invest in modern equipment to enhance diverse culinary experiences.
Restaurants are striving to improve their operations by adopting smart food service equipment. A number of establishments in KSA are expected to leverage cloud technology for enterprise-level location management, real-time data analysis to make informed decisions, and advanced security protocols to safeguard operational and consumer data. The rising use of technology has facilitated the rapid introduction of various new equipment types.
Key Takeaways from the Industry Report
- Commercial food service equipment sales in KSA grew at a CAGR of 2.4% between 2019 and 2023.
- Commercial food service equipment sales in Central Saudi Arabia are projected to soar at a CAGR of around 6.8% during the assessment period.
- Northern Saudi Arabia’s commercial food service equipment industry size is projected to reach USD 956.5 million by 2034.
- Based on end-users, the full-service restaurants segment is set to exhibit a CAGR of 6.1% during the forecast period.
- By equipment type, the cooking equipment segment is forecast to thrive at 5.9% CAGR between 2024 and 2034.
Competitive Landscape
The KSA commercial food service equipment industry is consolidated, with leading players accounting for about 29% to 35% share.
- Panasonic Holding Corporation,
- Electrolux AB,
- The Middleby Corporation,
- Dover Corporation,
- ITW,
- Haier Smart Home Co., LTD.,
- Well-built Inc.,
- Marmon Holdings, Inc.,
- Rational AG
Key Segments of Industry Report
By Equipment Type:
Key equipment types include food preparation, cooking, beverage preparation, refrigeration, warewashing, and heating/holding equipment. Food prep includes slicers, mixers, grinders, blenders, and processors. Cooking covers grills, fryers, ovens, and toasters. Beverage prep involves blenders, juicers, dispensers, and ice crushers. Warewashing consists of semi-integrated, fully integrated, and portable models. Refrigeration includes fridges, walk-in coolers/freezers, and display cases. Heating/holding features warmers and sauce dispensers.
By Sales Channels:
The two leading sales channels include online and offline. The offline channel is divided into hypermarkets/supermarkets, multi-brand outlets, and specialty/company outlets.
By End-user:
Full-service restaurants, quick-service restaurants, caterers, hotels and clubs, commercial canteens, and transportation are a few of the key end-users.
By Sub-region:
Information about leading regions of KSA, such as Central Saudi Arabia, Eastern Saudi Arabia, Western Saudi Arabia, Northern Saudi Arabia, and Southern Saudi Arabia, is provided.
Report Preview: https://www.futuremarketinsights.com/reports/commercial-food-service-equipment-industry-analysis-in-ksa
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