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Warewashing Equipment Market size worth over $4bn by 2027
- Published Date: April 28, 2021
Warewashing Equipment Market size is set to surpass USD 4 billion by 2027, according to a new research report by Global Market Insights Inc.
The rising demand for technologically advanced machines for cleaning dishes across different end-use industries is one of the major factors driving the market growth. The companies are developing new and advanced machines to reduce the manual work. For instance, in September 2020, LG launched its new line of Wi-Fi-enabled, smart LG QuadWash dishwashers, integrated with LG’s ThinQ app, allowing users to monitor cycle time & status, remotely lock & unlock controls, and automatically reorder detergent. Industry players are focusing on enhancing the efficiency of their warewashing equipment models with smartphone applications, making it convenient for users to control and monitor the equipment.
Stringent regulations imposed by various governments will support the warewashing equipment market progression during the forecast timeline. Regulatory and standardization bodies, such as the Center for Disease Control and Prevention (CDC), National Sanitation Foundation (NSF), and the American National Standards Institute (ANSI), enforce stringent food safety guidelines in the U.S. These bodies have developed guidelines and a set of standards to be followed by commercial kitchens, fueling the warewashing equipment sales in the country.
One of the major factors hindering the industry growth is the high cost of equipment. The growing development of the warewashing equipment with integrated technologies and controls is increasing the overall cost of the equipment.
Heavy disruption in the food service industry due to COVID-19 across the globe has forced restaurant owners to postpone the purchase of high cost warewashing equipment for their kitchens, hampering the market value in 2020. The COVID-19 had also disrupted the overall supply chain, and implementation of lockdown by governments has shown a negative impact on the overall production of the warewashing equipment. However, the market is experiencing a gradual revival with the slow yet steady containment of the virus.
Rising labor cost is expected to increase the demand for dishwashers
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The dishwasher segment in the warewashing equipment market is anticipated to witness 6.5% growth rate till 2027 led by the ability of the dishwashers to clean large quantities of dishes, glassware, and utensils in a short amount of time. This allows the kitchen staff to focus on more important tasks in commercial kitchens, thereby influencing the overall productivity. Dishwashers also assist end users to comply with stringent food safety regulations by ensuring that the dishes & pots are clean and sanitized in-line with the regulations.
Browse key industry insights spread across 170 pages with 216 market data tables & 21 figures & charts from the report, “Warewashing Equipment Market Size, By Product (Boosters Heaters, Dishwashers, Glasswashers, Sinks, Conveyor Dishwashers), By Solution (Detergent, Rinse Aids, Sanitizer), By Sales Channel (Offline, Online), By End-Use (Full-Service Restaurant, Quick Service Restaurant, Hotels, Hospitals, Schools, College and University, Prison, Theme Park), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing preference of users toward physical check of the equipment is boosting the offline channel growth
The warewashing equipment market for offline sales channel segment is estimated to attain a CAGR of 4% by 2027 on account of the entry of several new local and global players. Consumers prefer offline shopping over online sales channels due to the availability of product testing before purchasing. Offline stores are modernizing and updating their websites, enabling customers to easily navigate products, which is driving the industry expansion.
Increasing demand for dish cleaning equipment from hospitals will fuel the segment growth
The hospital end-use segment in the warewashing equipment market exceeded USD 300 million in 2020. The importance of hygienic dishes, pans, and pots in hospitals to prevent the spread of infections among patients will provide new opportunities for the market demand. The onset of the COVID-19 pandemic in November 2019, propelled the expansion of hospitals and healthcare facilities across the globe, leading to increase in the demand for the warewashing equipment. Stringent precautions and protocols initiated by agencies, such as the FDA and CDC, have encouraged hospital authorities to install industry-grade dishwashing equipment to prevent the spreading of the virus, impelling the market revenue.
The rising demand for dishwashers in North America will foster the adoption of warewashing equipment
The North America warewashing equipment market is predicted to expand at a CAGR of over 4.5% through 2027. The presence of high cost labor in the region is one of the major factors spurring the market across the region. The growing market representation of the equipment in the North American countries including the U.S. and Canada will augment the industry demand. The increasing regulations associated with the ENERGY STAR products for low power consumption across the region are also poised to drive the industry progression.
The key players operating in the warewashing equipment market include AB Electrolux, Ali Group S.r.L., Dover Corporation, ECOLAB INC., Fujimak Corporation, Illinois Food Equipment Group., Jackson WWS, MEIKO, Miele, and The Middleby Corporation. Companies are focusing on new product launches and strategic partnerships to gain a competitive edge and enhance their business operations, boosting the market growth.
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