Latest News- Commercial Kitchen Equipment Market: Oven is expected to lead the Product segment during 2025-2029

The Commercial Kitchen Equipment Market is being driven by Expansion of foodservice industry in emerging economies

The Commercial Kitchen Equipment Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 41815 million. The global commercial kitchen equipment market is experiencing a notable trend towards the development and adoption of innovative solutions, aimed at improving efficiency, consistency, and speed in food preparation and service. This trend is fueled by the increasing demands of the food service sector, which necessitates advanced equipment to manage large-scale operations and maintain superior food quality. On February 27, 2024, RATIONAL announced the launch of the iHexagon, an advanced piece of commercial kitchen equipment that seamlessly integrates steam, hot air, and microwave technologies. This groundbreaking combination enables food preparation with optimal quality in minimal time. The iHexagon boasts the iClimateBoost cooking assistant, which intelligently adjusts heat levels to ensure uniform cooking results across all six racks. This cutting-edge technology is set to revolutionize commercial kitchen operations, providing significant advantages to food service providers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Oven
  • Refrigerator
  • Dishwasher and dryer
  • Grilling equipment
  • Others
• End-user
  • Food service
  • Hotels and resorts
  • Institutional kitchens
  • Food and beverage retail
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expansion of foodservice industry in emerging economies
• Impact of urbanization and lifestyle changes
• Boost in tourism and hospitality sector

However, the market also witnesses some limitations, which are as follows:

• Concerns for vendors over product recalls
• Regulatory compliance
• Rising costs of raw material

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Market Scope in Commercial Kitchen Equipment Market Research Report

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Research Analysis Overview

The Commercial Kitchen Equipment Market caters to various industries, including restaurants, hotels, catering, quick service restaurants, cafes, travel and tourism, and food service. High-capacity and energy-efficient appliances such as ovens, refrigeration equipment, dishwashers, beverage dispensers, and specialized appliances like broilers, fryers, cookers, ranges, kettles, steamers, are in high demand. Cloud and ghost kitchens, delivery-only restaurants, and the rise of consumer habits towards packaged food and instant meals also influence the market. Commercial cooking equipment includes high-volume cooking appliances for fast food and catering services.

Market Research Overview

The commercial kitchen equipment market encompasses revenue generation for manufacturers supplying appliances and related products to commercial food service establishments. This sector focuses on high-performance equipment for industries such as travel and tourism, hospitality, and food service. Key product categories include high-capacity appliances, energy-efficient solutions, dishwashers, ovens, refrigeration equipment, and beverage dispensers. Notably, the market distinguishes itself from the broader household appliances industry, which includes power and hand tools, and is further segmented into major and small household appliances, hand tools, power tools, and garden improvement tools. It's important to clarify that commercial kitchen equipment is distinct from televisions, audio and video products, personal computers, machine tools, and agriculture equipment, which are classified under different market categories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/