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The Commercial Cooking Equipment Market size is estimated to grow at a CAGR of 6.45% between 2022 and 2027 and the size of the market is forecast to increase by USD 4,476.56 million. The growth of the market depends on several factors, including an increasing number of food service establishments, the rising focus on commercial cooking equipment with improved features, and compliance with international safety standards.
This report extensively covers market segmentation by end-user (quick-service restaurants, full-service restaurants, and catering), product (cookers, ranges, fryers, ovens, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The rising focus on commercial cooking equipment with improved features is driving the growth of the market. There is a strong demand for commercial cooking equipment with more features that help operators to have a better time in the kitchen and get better results. Many vendors that offer cooking equipment are continuously evolving their product features to attract more customers. The possibility to use separate conveyor belts is provided for operators by the manufacturers of commercial conveyor ovens. To provide flexibility in the volume of production, commercial conveyor oven manufacturers are providing various belt-width ranges.
Moreover, Imperial Commercial Cooking Equipment provides the salamander broiler model ISB-36, which has an over-fired infrared heating element. This equipment shall consist of a dual exhaust burner system, allowing operators to choose between one-half and two broiler systems when the volume of production is low. Both halves can be switched on at peak production hours. This feature can minimize energy consumption when the volume of production is low, which will boost the growth of the global commercial cooking equipment market during the forecast period.
The use of sensors and controllers in commercial cooking equipment is a primary trend in the market. The commercial kitchen appliances vendors are working towards integrating new technology sensors and controls to assure the security of foodstuffs and operators. New sensors and controllers are being incorporated into commercial charbroilers to provide better cooking-energy efficiencies. It is also possible to use sensors in charbroilers, which will determine whether a flame has ignited during the cooking and thus trigger an automatic ignition.
However, these sensors can detect and automatically re-ignite a flame while a charbroiler is in use. Load sensors, which help in identifying the cooking and non-cooking periods, are yet another form of sensors being incorporated in advanced charbroilers. Rice cooker manufacturers also provide a variety of sensors and control devices to ensure that the quality of food is maintained. The increasing adoption of sensors to offer efficient and user-friendly cooking equipment will positively impact the growth of the global commercial cooking equipment market during the forecast period.
The increasing raw material prices of commercial cooking equipment are a major challenge in the commercial cooking equipment market. Stainless steel is one of the most important materials used in commercial cooking equipment production. Even end-users prefer cooking appliances that are made of steel as the metal is durable in comparison to other metals such as aluminum or non-metal elements such as plastic. The growing demand and supply gap are also adding to the rising cost of basic materials.
However, during the forecast period, the demand for steel is expected to increase in most regions worldwide. In China, for example, there was strong demand from the infrastructure and construction industry which might drive up steel prices in that country. Further, due to COVID-19, the supply chain of raw materials was affected, which led to an increase in their prices. This, in turn, is expected to limit the growth of the market in focus during the forecast period.
The quick-service restaurant segment will account for a major share of the market's growth during the forecast period. A quick-service restaurant (QSR) is a restaurant that serves certain food items that do not take long to prepare and are delivered through a quick service. QSRs generally offer fast food items on a limited menu because they can cook them quickly and with as few variations as possible. The global demand for QSRs is growing at a significant rate.
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The quick-service restaurant segment was valued at USD 5,277.95 million in 2017 and continued to grow until 2021. The affordable prices of fast foods are also contributing to the growth of the segment. Many health-conscious consumers are prevented from choosing fast foods by the use of a variety of unhealthy ingredients, which are added to food products in order to improve their taste and flavor. An increase in the demand for cooking equipment in fast-service settings will positively affect the growth of the global commercial equipment market during the forecast period.
A full-service restaurant is a restaurant where customers are primarily served meals individually by wait staff at their table. A fast food or drive-through establishment is not a full-service restaurant. A wide variety of meals, which require a lot of cooking equipment, is available from complete service restaurants. Moreover, such restaurants are most favored for family dinners, and the demand for commercial cooking equipment in full-service restaurants is estimated to be increased by corporate meals, which will drive the growth of the market in focus during the forecast period.
Based on product segment analysis, the market has been segmented into cookers, ranges, fryers, ovens, and others. The cookers segment will account for the largest share of this segment. The commercial cookers segment includes pasta cookers and rice cookers. These devices shall also constitute an integral part of the service establishments in which different food products, e.g. pasta and a wide variety of rice-based dishes are served. Vendors of commercial cookers, with advancements in various controls, are focusing on improving the technology used in commercial cookers to reduce energy and water consumption. In order to allow operators to use these appliances with care and ensure that they retain the food quality, suppliers of rice cookers also provide various safety sensors and controls. Wide usage of commercial kitchen appliances cookers is estimated to boost the growth of the cookers segment in the global commercial cooking equipment market during the forecast period.
Based on the placement style, commercial ranges can be broadly categorized into countertop ranges and free-standing models. One of the most common types of cooking equipment that can be used to fry, grill, bake, warm, and broil food is the Freestanding Commercial Cooking Equipment. Commercial ranges are equipped with stove burners, griddles, and ovens as per the requirements of end-users and generally have stainless steel bodies. A wide variety of commercial ranges fitting consumer choices is likely to boost the growth of commercial ranges in the global commercial cooking equipment market during the forecast period.
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APAC is estimated to contribute 41% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The commercial cooking equipment market in the region is significantly driven by the growth of the food service industry in the region. The APAC market for food services has been one of the largest regions, compared to others. With regard to taste, customer expectations in APAC have changed and the preference for where they dine is becoming more selective. Many food service establishments in the region are also expanding their menus and spending more on promotional activities to expand their consumer bases in the region.
In 2020, the outbreak of COVID-19 negatively impacted the overall trade and economy of APAC. However, due to the prolonged lockdown in APAC, several vendors of the regional market adopted effective techniques to promote commercial kitchen appliances online during the second half of 2020, helping the regional market cope with the negative impact of the pandemic by gaining traction. As a result of an extensive vaccination campaign in Asia and the Pacific regions, restrictions on lockdown were lifted in 2021. Due to this, in 2021 the demand for industrial cooking equipment was increased throughout Asia and the Pacific regions after the resumption of operations on Offline End User Facilities along with an online segment. The increasing expansion of restaurants demographically is expected to prompt the growth of the commercial cooking equipment market in APAC during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ali Group Srl - The company offers commercial cooking equipment such as Chilling equipment, Steam boiler, and Gas burne.
ATA Srl - The company offers commercial cooking equipment such as Multi cook ovens, Combi ovens, and Commercial smoker ovens.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The commercial cooking equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Commercial Cooking Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.45% |
Market growth 2023-2027 |
USD 4,476.56 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.37 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ali Group Srl, 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., The Vollrath Co. LLC, and Alto Shaam Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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