NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global commercial cooking equipment market size is
estimated to grow by USD 4.32 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of over 5.97% during the forecast period.
Increasing number of food service establishments is driving
market growth, with a trend towards focus on improving
new technologies. However, increasing raw material prices of
commercial cooking equipment poses a challenge. Key market
players include Ali Group S.r.l. A Socio Unico, Alto Shaam Inc.,
ATA Srl, ATOSA USA, Bidvest Group
Ltd., BSH Hausgerate GmbH, Comstock Castle Stove Co. Inc., Dover
Corp., Duke Manufacturing, Edward
Don and Co., Electrolux Professional AB, FUJIMAK Corp.,
Hatco Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Manitowoc
Ice, PARAMOUNT INDUSTRIES, Sri Sakthi Innovations, The Middleby
Corp., and The Vollrath Co. LLC.
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Commercial Cooking
Equipment Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.97%
|
Market growth
2024-2028
|
USD 4323.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.28
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 37%
|
Key
countries
|
US, China, Germany,
Japan, and UK
|
Key companies
profiled
|
Ali Group S.r.l. A
Socio Unico, Alto Shaam Inc., ATA Srl, ATOSA USA, Bidvest Group
Ltd., BSH Hausgerate GmbH, Comstock Castle Stove Co. Inc., Dover
Corp., Duke Manufacturing, Edward Don and Co., Electrolux
Professional AB, FUJIMAK Corp., Hatco Corp., HOSHIZAKI Corp.,
Illinois Tool Works Inc., Manitowoc Ice, PARAMOUNT INDUSTRIES, Sri
Sakthi Innovations, The Middleby Corp., and The Vollrath Co.
LLC
|
Market Driver
The commercial cooking equipment market is witnessing
significant advancements in technology, revolutionizing the way
food is prepared on a large scale. Manufacturers are focusing on
enhancing cooking technology to cater to the evolving needs of
end-users. For instance, conveyor oven technology is improving with
innovations like variable airflow impingement, which breaks the
cold air halo around food, enabling even cooking and reducing
preparation time by up to 30%. Garland Group's electric griddles
offer pre-programmed menu upload and advanced diagnostics for
operator convenience. Similarly, commercial fryers are introducing
new technologies, contributing to market growth. These advancements
streamline the cooking process, increasing efficiency and
productivity.
The Commercial Cooking Equipment Market is experiencing notable
trends in 2021. Parts Town's after-sales services continue to gain
traction, offering investment opportunities for entrepreneurs.
Small cafés and restaurants are prioritizing cleanliness, hygiene,
and safety, driving demand for energy-efficient equipment.
Government support for the culinary industries is fostering growth
in full-service restaurants and modular kitchens. High-tech
features, such as cloud kitchens and custom units, are popular
among food service businesses. Covid-19 impacted the market with
lockdowns, home delivery, social distancing, and dark kitchens
becoming the new norm. Commercial cooking equipment essentials like
broilers, cook-chill systems, fryers, ovens, cookers, ranges,
kettles, steamers, and various kitchen appliances remain in high
demand for restaurants, hotels, catering, quick service
restaurants, and fast foods.
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Market Challenges
• Commercial
cooking equipment is primarily manufactured using stainless steel
due to its durability compared to other metals and non-metal
elements. However, the price volatility of stainless steel, as it
is a commodity, poses a challenge for both manufacturers and
end-users. The expanding demand-supply gap and the robust demand
from industries like infrastructure and construction in regions
such as China are expected to
increase steel prices. Additionally, COVID-19 disruptions in raw
material supply chains have further increased their prices. These
factors may limit the growth of the commercial cooking equipment
market during the forecast period.
• The commercial
cooking equipment market faces several challenges in the food
service industry. For short-order meals like burgers, chicken,
pizza, sandwiches, and other quick-served dishes, multi-functional
and space-saving equipment is essential. Emerging nations present
opportunities but also require cost-effective and energy-efficient
solutions. Artificial intelligence (AI) and the Internet of Things
(IoT) are transforming commercial kitchens with advanced
technology, yet high maintenance costs and energy crisis are
concerns. Brainy Insights identifies durability, functionality,
safety, and hygienic regulations as key factors. Bakeries,
cafeterias, grills, stoves, and HVAC systems are in demand.
Distributors like Marcone offer a range of products, from cook
chill systems to catering equipment, and even home appliances. The
fast-food industry thrives on time-saving equipment, while takeaway
meals and eateries/cafés prioritize energy savings. The hospitality
sector and quick-service restaurants require efficient and
cost-effective solutions. Low-income regions may need compact
products. Hygienic and safety regulations are non-negotiable.
Product types include cook chill systems, catering equipment, and
HVAC. Plumbing repairs are also necessary for maintaining optimal
kitchen performance.
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Segment Overview
This commercial cooking equipment market report extensively
covers market segmentation by
- End-user
- 1.1 Quick-service restaurants
- 1.2 Full-service restaurants
- 1.3 Catering
- Product
- 2.1 Cookers
- 2.2 Ranges
- 2.3 Fryers
- 2.4 Ovens
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Quick-service restaurants- The quick-service
restaurant (QSR) segment is experiencing notable growth due to
increasing consumer preference for convenient, ready-to-eat food
options. With busy lifestyles becoming the norm, QSRs catering to
fast food items with limited menus and quick preparation times are
in high demand. The global market for commercial cooking equipment
is poised to benefit from this trend, as QSRs require specialized
equipment to efficiently produce food items in large quantities.
Despite facing competition from unorganized vendors and health
concerns surrounding fast food, the affordable pricing and
widespread availability of QSRs continue to drive demand. As a
result, the global commercial cooking equipment market is
anticipated to expand steadily during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global commercial kitchen market is experiencing significant
growth, driven by increasing demand for energy-efficient appliances
and the rise of cloud kitchens. The market is projected to expand
further due to advancements in smart kitchen technologies. Within
this space, the global commercial combi ovens market is gaining
traction, as these versatile appliances combine steam and
convection cooking, enhancing efficiency and food quality. Key
players are focusing on innovation and sustainability, meeting the
evolving needs of the foodservice industry across various
regions.
Research Analysis
The commercial cooking equipment market caters to various
foodservice establishments, including bakeries, cafeterias, cafes,
full-service restaurants, brainy insights, brasseries, fast-food
chains, and cloud kitchens. Equipment offerings range from broilers
and fryers to ovens, cookers, ranges, kettles, steamers, grills,
stoves, and custom units. Durability and functionality are key
considerations, with high-tech features and energy-efficient
products increasingly in demand. Commercial kitchens require
versatile equipment to prepare a wide range of dishes, from
sandwiches to complex meals. Brands offer modular kitchen solutions
to accommodate varying space requirements and cooking styles. The
market continues to evolve, with innovation driving the development
of advanced cooking technologies and solutions.
Market Research Overview
The commercial cooking equipment market encompasses a wide range
of products designed for food service industries, including
broilers, cook-chill systems, fryers, ovens, cookers, ranges,
kettles, steamers, and more. These equipments cater to various
sectors such as restaurants, hotels, catering, quick service
restaurants, fast foods, bakeries, cafeterias, and cafes. Emerging
nations are witnessing significant growth in this market due to the
increasing demand for food service establishments. Advanced
technology, such as artificial intelligence (AI) and the Internet
of Things (IoT), is transforming commercial cooking equipment with
multi-functional, space-saving, and time-saving solutions. The
hospitality sector and quick-service restaurants are major
consumers of these advanced products. The market faces challenges
like high maintenance costs, energy crisis, and safety and hygiene
regulations. Brainy Insights anticipates investment opportunities
in compact, cost-effective, and energy-efficient products for small
cafes and restaurants. Product types include cook chill systems,
catering equipment, and various types of ovens, fryers, grills,
stoves, and kettles. The fast-food industry and takeaway meals are
driving demand for advanced technology and custom units. The
Covid-19 pandemic has accelerated the trend towards cloud kitchens
and home delivery. Major players distribute through channels such
as home appliance stores, HVAC, plumbing repairs, and parts
suppliers. Government support and investment opportunities exist
for sustainable and energy-efficient equipment. The market also
offers opportunities for manufacturers of braising pans, modular
kitchens, and full-service restaurants. Cleanliness, hygiene, and
safety are paramount in commercial kitchens, and efficiency and
energy savings are crucial for profitability. The market is
expected to grow steadily, driven by the increasing demand for
convenience and affordability in the food service industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Quick-service Restaurants
- Full-service Restaurants
- Catering
- Product
-
- Cookers
- Ranges
- Fryers
- Ovens
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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