Commercial Cooking Equipment Market Size to grow by USD 4323.5 million between 2024-2028
According to a research report “ Commercial Cooking Equipment Market” by 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)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4323.5 million, at a CAGR of over 5.97% during the forecast period. Commercial cooking equipment plays a pivotal role in food service establishments that prepare and serve fresh food items. The global expansion of such businesses, such as Food Service India Pvt Ltd in the HORECA sector, targeting the Indian diaspora in the US, Europe, and the Middle East, and Tim Hortons' partnership with AG Cafe in India, with plans to open over 300 restaurants, signifies significant growth in the market for commercial cooking equipment. These expansions underscore the increasing demand for advanced and efficient cooking solutions to cater to the growing customer base.
Browse market data tables, figures, and in-depth TOC on “Commercial Cooking Equipment Market” by 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) Global Forecast to 2028. Download Free Sample
By End-user, the Quick-service restaurants segment is projected to dominate the market size in 2024
The commercial cooking equipment market encompasses specialized appliances such as pasta cookers and rice cookers, which are indispensable in food service establishments catering to a diverse range of pasta and rice-based dishes. Vendors in this sector are innovating by integrating advanced controls to enhance the technology of commercial cookers. For instance, AB Electrolux's pasta cooker model 900XP features distinct baskets for menu differentiation and an automatic basket lifting system, enabling the preparation of various types of pasta, including dry, frozen, and fresh, at different temperatures and cooking times in each basket. This technological advancement not only streamlines the cooking process but also reduces energy and water consumption.
By Product, Cookers segment is expected to hold the largest market size for the year 2024
The global market for commercial cooking equipment experiences robust growth due to the increasing popularity of quick-service restaurants (QSRs). QSRs cater to consumers' demand for convenient, ready-to-eat food options, particularly among time-pressed individuals. With a limited menu featuring fast food items that can be prepared quickly and consistently, QSRs offer affordable prices that attract a large customer base. This trend is expected to continue as consumers' lifestyles become increasingly hectic, making the QSR segment a significant growth driver for the commercial cooking equipment industry.
APAC is forecasted to hold the largest market size by region in 2024
The Commercial Cooking Equipment Market represents a significant business sector, characterized by continuous growth and innovation. Key players in this industry invest heavily in research and development to introduce advanced technologies and energy-efficient solutions. The market's sizeable revenue potential is driven by increasing demand from the foodservice industry, particularly in the hospitality and food retail sectors. Market trends include the integration of automation and IoT technologies, customization, and sustainability.
The Commercial Cooking Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Commercial Cooking Equipment Market encompasses a wide range of products used in various foodservice establishments, including sandwiches shops, fast-food chains, cafés, and full-service restaurants. Key players in this market include manufacturers of custom units for cloud kitchens and modular kitchens, as well as suppliers of energy-efficient products with high-tech features. Stoves, grills, steamers, kettles, ranges, cookers, ovens, fryers, braising pans, broilers, and cook-chill systems are among the most common types of commercial cooking equipment. Functionality and durability are crucial factors in the selection of commercial cooking equipment for cafeterias, bakeries, and other foodservice establishments. Brainy Insights projects that the global commercial cooking equipment market size will reach USD 35.5 billion by 2027, growing at a CAGR of 5.3% during the forecast period. The increasing demand for energy-efficient products and the rise of fast-food chains and cafés are driving the growth of this market. Additionally, the adoption of advanced technologies, such as automation and IoT, is expected to further boost market growth. Overall, the commercial cooking equipment market offers significant opportunities for manufacturers and suppliers in the foodservice industry.
Market Research Overview
The Commercial Cooking Equipment Market has experienced significant changes due to the Covid-19 pandemic, with the rise of dark kitchens, cloud kitchens, and home delivery becoming the new norm. Dark kitchens, which are commercial kitchens without a dining area, have gained popularity as they allow for social distancing and reduced operational costs. The home delivery segment has also seen a surge, leading to an increased demand for energy-efficient and high-tech commercial cooking equipment. Custom units, modular kitchens, and cook-chill systems have become popular choices for small restaurants, cafés, and eateries due to their functionality, durability, and cost-effectiveness. The catering segment, including hotels and full-service restaurants, continues to invest in advanced technology such as energy savings, efficiency, and hygienic regulations. The market for commercial cooking equipment includes a wide range of products, from stoves, grills, and ovens to steamers, kettles, and fryers. Brands like Marcone and Parts Town offer distributor services for commercial kitchen equipment, providing repairs and maintenance for plumbing, HVAC, and home appliances. The fast-food industry, including fast-food chains and quick-service restaurants, continues to innovate with time-saving and space-saving equipment, as well as multi-functional equipment and artificial intelligence (AI) integration. Emerging nations and low-income regions are also seeing investment opportunities in commercial cooking equipment, with a focus on energy crisis solutions and cost-effective, compact products. The food service industry is adapting to the changing landscape, with a focus on safety, hygiene, and cleanliness. The market for commercial cooking equipment is expected to continue growing, with a focus on energy savings, efficiency, and advanced technology.
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