Commercial Cooking Equipment Manufacturing in the US - Industry Market Research Report

Commercial Cooking Equipment Manufacturing in the US - Industry Market Research Report

Commercial Cooking Equipment Manufacturing in the US

The Commercial Cooking Equipment Manufacturing industry has grown, despite volatility in recent years. Through 2019, rising consumer spending, spurred by greater per capita disposable income and increased aggregate private investment, supported downstream demand. As consumers spent more on dining experiences, restaurants and other food-service companies invested in commercial cooking equipment to fulfill demand and adapt to the evolution of the restaurant industry. However, the COVID-19 pandemic injected volatility into the industry, as downstream demand dissipated in 2020 amidst widespread shutdown to stem the spread of the pandemic. Consumers have since returned to restaurants as the pandemic has abated, while downstream clients have also increased investment. Consequently, revenue is forecast to increase at a CAGR of 1.2% to $6.2 billion over the five years to 2023, including growth of 1.1% during the current year.

This industry manufactures commercial cooking equipment for end customers, such as restaurants, hotels and military establishments. The industry manufactures products including coffee makers, fryers, microwaves, ovens and ranges, corn poppers, stoves, warmers, hot plates, steamers and water heaters. Enterprises that manufacture commercial dishwashers, refrigerators, laundry dryers and washing machines are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.