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Purchase ReportMarket Size & Trends
The size of the North America foodservice industry equipment services and leasing services market was USD 25,804.3 million in 2024 and is anticipated to grow at a CAGR of 4.1% during the forecasting period from 2025 to 2030.
North America Equipment Services And Leasing Services Market
Size, byProduct, 2024 - 2032{USD Million}
North America foodservice industry equipment services and leasing services market size is anticipated to grow at a CAGR of 4.1% during the forecasting period from 2025 to 2030. request a free sample copy
The market for equipment service and leasing services is developing due to the increasing requirement for operational efficiency, food safety compliance, and equipment durability in all forms of foodservice operations. With restaurants, cafes, hotels, and institutional kitchens expanding across North America, there is a growing reliance on professional services for the installation, preventive maintenance, and timely repair of critical kitchen equipment.
The market is driven by mounting capital expenditure restrictions for small and medium-sized foodservice operators, making leasing a financially viable option compared to outright buyouts. In addition, the necessity of periodic equipment renewal to meet changing health and safety measures promotes service contracts and leasing arrangements. Moreover, sustainability efforts are compelling operators to invest in energy-efficient equipment, frequently accessed via leasing to minimize initial costs and facilitate technology refreshes.
Market Concentration & Characteristics
North America food service equipment services and leasing services market is moderately concentrated in nature. There are few major companies that occupy large market shares and dictate industry trends. The market is dominated mostly by big, quick-service restaurant chains and fast-food operators that need efficient, high-performance kitchen equipment to satisfy their operational needs.
Whilst various well-established producers mainly dominate the market, there are still opportunities for regionals and new entrants, ensuring a competitive environment. Regional players and new entrants can coexist while leading producers are able to influence standards and lead innovation alongside creating a dynamic ecosystem with continuous competition and room for development.
The North American market for foodservice equipment services and leasing is fueled by technologies that make kitchens more efficient through intelligent, connected solutions. Firms advance energy-conserving and green designs to meet government rules and consumer expectations for sustainability. Connectivity and automation simplify operations and enhance cooking process management. The market also emphasizes flexible and customized equipment to accommodate varied foodservice requirements. These combined influences enhance responsiveness and productivity in different kitchen settings.
The North America foodservice leasing services and equipment services market is driven by a number of significant factors that affect its evolution and growth. Quick expansion by quick service restaurants (QSRs) and fast foods is one of the significant drivers, as such operations need to use efficient and technologically advanced kitchen equipment for high capacity and fast turnaround. Shifts in consumer lifestyle, such as more dining out and urbanization, increase demand for easy-to-consume, high-quality foodservice.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Drivers, Opportunities & Restraints
The fast pace of growth in fast-food restaurants and quick service is driving up the demand for effective kitchen equipment. Leasing services provide access to sophisticated, energy-saving appliances at a low cost without the capital requirement, allowing companies to meet environmental regulations. The high rate of growth foreseen in the North American foodservice industry drives up the demand for leasing solutions and equipment services to facilitate fast, effective, and affordable dining experiences in limited-service and full-service restaurants.
The increasing use of equipment services and leasing services within the foodservice market allows operators to regularly upgrade their kitchen equipment, keeping up with swift technological upgrades and changing operating requirements. This mobility is especially beneficial for new foodservice formats like cloud kitchens and delivery-only outlets, which require flexible and flexible leasing arrangements to effectively scale and adapt to dynamic market conditions.
The industry is challenged by the fact that the foodservice industry is highly fragmented, with numerous small or independent operators who may not have access to leasing schemes or would rather buy equipment outright. Economic uncertainty and shifts in interest rates can impact leasing charges and make businesses less inclined to commit to long-term leases. Adherence to increasingly stringent equipment rules and environmental requirements can raise operational costs to leasing firms, which in turn could be passed through to customers.
Product Insights
The refrigeration equipment segment led the market in 2024 with a share of 36.6%. The critical requirement for temperature-controlled storage solutions in high-volume restaurants, institutional kitchens, and convenience-oriented formats such as meal prep services fuels the demand. These operators depend significantly on refrigeration equipment to ensure product quality and safety. Leasing energy-efficient and space-saving refrigeration systems enables businesses to expand their operations while staying current with technological developments.
The foodservice sector is propelling long-term growth in the kitchen equipment services and leasing services market, spurred by the explosive spread of fast-food chains, quick-service restaurants (QSRs), and the surging need for internet food delivery. While operators aim to keep up with evolving consumer tastes, most notably the move toward healthier, freshly-prepared foods, there is a growing requirement for state-of-the-art, high-performance kitchen equipment that can deliver both efficiency and consistency.
Service Insights
The equipment service segment led the market in 2024 with a share of 86.0%. The need for equipment services in the North America equipment services and leasing services market is increasing at a fast pace, as operators in many sectors attempt to maximize the performance and life of their leased appliances. As operational efficiency and cost management become more of a priority, foodservice operations are increasingly using maintenance, repair, and equipment upgrade service packages. These services provide assurance that leased equipment, e.g., ovens, refrigerators, and dishwashers, will remain at maximum performance, keeping downtime low and food safety and quality standards high.
The increase in leasing services is one of the prime drivers fueling the need for North America equipment services and leasing services market in the foodservice sector. With restaurants, institutional kitchens, and corporate food operations looking to be flexible in a cost-conscious and competitive environment, leasing has been a favored model for procuring necessary kitchen equipment. Leasing not only saves initial capital outlay but also provides foodservice operators with access to new, energy-efficient equipment with the option to upgrade as technology continues to change. This phenomenon is most notable in small-to-mid-sized operators, who appreciate consistent monthly payments and packaged services such as maintenance, repairs, and installation—offering a total solution that minimizes financial and operational risk.
End Use Insights
Independent restaurant segment ruled the market during 2024 by holding a share of 40.0%. Independent restaurants in North America are finding more uses for foodservice equipment leasing to deal with the high price of good-quality kitchen appliances. Leasing enables them to get access to high-end equipment without huge initial costs, thus protecting cash flow. This strategy also allows for flexibility to maintain smooth running operations with the newest cooking, refrigerator, and dishwashing appliances without incurring the expense of costly maintenance and repair charges.
The quick service restaurant (QSR) market is fueled by growing changes in consumer behavior that value convenience, speed, and affordability. With growing urbanization and busy lives, increasing numbers of people like quick and easy meals that can be accommodated by their busy lifestyles. The growth of dual-income households and eating-out consumption patterns also fuel this trend.
Country Insights
U.S. Equipment Services And Leasing Services Market In Foodservice Industry Trends
U.S. equipment services and leasing services market in the foodservice industry is witnessing strong growth as demand for flexible, service-supported solutions enabling food operators to expand rapidly while maintaining costs rises. Restaurants, cafeterias, healthcare, and institutional foodservice operations more commonly take on leasing instead of purchasing to circumvent heavy initial capital outlays and acquire access to bundled services such as installation, maintenance, repairs, and equipment upgrades. Such practice is especially prevalent with QSRs, ghost kitchens, and independent operators, who place high value on efficiency, speed, and uptime.
Mexico Equipment Services And Leasing Services Market In Foodservice Industry Trends
Mexico foodservice equipment services and leasing services market is growing quickly at a CAGR of 5.4% with rising demand for flexible financing options and requirements for energy-efficient, sustainable equipment. With growth in Mexico's foodservice industry, especially in urban regions, companies are increasingly implementing equipment leasing models to manage cash flow and remain competitive.
Key North America Equipment Services And Leasing Services Market In Foodservice Industry Company Insights
Some of the prominent market players include Lowe Rental and The WEBstaurant Store, LLC among others.
Lowe Rental is a company that deals in long-term catering equipment rental and refrigeration. Over its more than 40 years of operation, the company has developed from its initial days serving the UK to now having operations in 44 countries with 12 permanent offices worldwide, including principal centers in U.S., UK, Middle East, Asia, and Europe. Lowe Rental offers to a broad variety of industries such as retail, events, exhibitions, food and beverage production, and special projects, offering a broad variety of temporary kitchens and commercial refrigeration units.
The WEBstaurant Store, LLC is an online restaurant supply store that boasts a wide variety of over 420,000 products from commercial kitchen equipment to restaurant supplies, foodservice essentials, janitorial supplies, and disposables, catering to businesses worldwide. The firm typically offers a 12-month financing and leasing option with Credit Key as well as direct buy options. The firm operates multiple warehouses across the U.S. to enable quick shipment and competitive costs. It also benefits numerous industries such as healthcare, hospitality, and foodservice.
Key North America Equipment Services And Leasing Services Market In Foodservice Industry Companies
- Polar Leasing, Inc.
- WEBstaurant Store, LLC
- Lowe Rental
- Lane & McClain Distributors
- Tundra Restaurant Supply
- The Cook’s Mate
- Hobart Food Equipment Canada
- Babak Food Equipment
- JFS Restaurant Equipment Ltd
- Russell Hendrix Foodservice Equipment
Recent Developments
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In 2024, Lane & McClain Distributors joined forces with ICETRO in 2024 to become the sole distributor of ICETRO's soft serve ice cream equipment in North Texas. The agreement adds Lane & McClain's product lines, now including ICETRO's line of ice machines as well.
Webstaurant Store, LLC rented a 1.2 million-square-foot building at the newly finished Currwood Logistics Center in Hagerstown, Maryland, in February 2024. Strategically positioned close to Interstates 70 and 81, this center will be the hub of WebstaurantStore's northeast distribution system, supplementing its distribution centers across the country. The building will allow the company to offer two-day shipping to 96% of the U.S. population. The company will invest tens of millions of dollars in advanced material handling and automated storage and retrieval systems to facilitate smooth operations and quick order fulfillment.
North America Equipment Services And Leasing Services Market In Foodservice Industry Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 26,663.3 million |
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Revenue forecast in 2030 |
USD 32,554.8 million |
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Growth rate |
CAGR of 4.1% from 2025 to 2030 |
|
Base year for estimation |
2024 |
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Historical data |
2018 - 2023 |
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Forecast period |
2025 - 2030 |
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Quantitative units |
Revenue in USD million & CAGR from 2025 to 2030 |
|
Report coverage |
Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends |
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Segments covered |
Product, end use, service, country |
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Country Scope |
U.S.; Canada; Mexico |
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Key companies profiled |
Polar Leasing, Inc.; WEBstaurant Store, LLC; Lowe Rental; Lane & McClain Distributors; Tundra Restaurant Supply; The Cook’s Mate; Hobart Food Equipment Canada; Babak Food Equipment; JFS Restaurant Equipment Ltd; Russell Hendrix Foodservice Equipment. |
|
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
North America Equipment Services And Leasing Services Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, MIR has segmented the North America equipment services and leasing services market in foodservice industry on basis of product, end use, service, and country
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End Use Outlook (Revenue, USD Million, 2018 - 2030)
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Full-Service Restaurants (FSR)
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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Quick Service Restaurants (QSR)
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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-
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Independent Restaurants
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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-
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Institutional
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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-
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Others
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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Service Outlook (Revenue, USD Million, 2018 - 2030)
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Equipment Service
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Installation
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Maintenance
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Repair
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Leasing Service
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Lease/Rent
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Lease to Purchase
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-
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Product Outlook (Revenue, USD Million, 2018 - 2030)
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Kitchen Purpose Equipment
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Cooking Equipment
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Grills
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Fryers
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Ovens
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Toasters
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Others
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Food & Beverage Preparation Equipment
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Slicers & Peelers
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Mixers & Grinders
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Blenders
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Juicers
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Ice Crushers
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Others
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Refrigeration Equipment
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Ware Washing Equipment
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Food Handling & Storing Equipment
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Others
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-
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Country Outlook (Revenue, USD Million, 2018 - 2030)
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U.S.
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Canada
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Mexico
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Frequently Asked Questions
The North America equipment services and leasing services in foodservice industry was estimated at USD 25,804.3 million in 2024 and is expected to reach USD 26,663.3 million in 2025.
The North America equipment services and leasing services in foodservice industry, in terms of revenue, is expected to grow at a compound annual growth rate of 4.1% from 2025 to 2030 to reach USD 32,554.8 million by 2030.
b.The independent restaurant segment dominated the market in 2024 by accounting for a share of 40.0%. Independent restaurants in North America are increasingly using foodservice equipment leasing to manage the high costs of quality kitchen appliances.The independent restaurant segment dominated the market in 2024 by accounting for a share of 40.0%. Independent restaurants in North America are increasingly using foodservice equipment leasing to manage the high costs of quality kitchen appliances.
The independent restaurant segment dominated the market in 2024 by accounting for a share of 40.0%. Independent restaurants in North America are increasingly using foodservice equipment leasing to manage the high costs of quality kitchen appliances.
Some of the key players operating in the market are Polar Leasing, Inc.; WEBstaurant Store, LLC; Lowe Rental; Lane & McClain Distributors; Tundra Restaurant Supply; The Cook’s Mate; Hobart Food Equipment Canada; Babak Food Equipment; JFS Restaurant Equipment Ltd; Russell Hendrix Foodservice Equipment.
Key factors driving the North America equipment services and leasing services in foodservice industry market include the rapid growth of quick-service restaurants requiring advanced kitchen equipment. Increasing adoption of automation and digital technologies enhances operational efficiency and cost-effectiveness.