Commercial Cooking Equipment Market by Product Type (Broilers, Grills & Griddles, Cook-chill System, Refrigerators, Ovens, Dishwashers, and Other Products), by Size (Small-scale Equipment, Medium-scale Equipment, and Large-scale Equipment), and by End-use

Commercial Cooking Equipment Market by Product Type (Broilers, Grills & Griddles, Cook-chill System, Refrigerators, Ovens, Dishwashers, and Other Products), by Size (Small-scale Equipment, Medium-scale Equipment, and Large-scale Equipment), and by End-user (Full-Service Restaurants, Quick Service Restaurants, Catering, Railway Dining, Resorts & Hotel, Hospitals, and Other End Users) – Global Opportunity Analysis and Industry Forecast 2024-2030

The Commercial Cooking Equipment Market size was valued at USD 12.9 billion in 2023, and is predicted to reach USD 18.8 billion by 2030, with a CAGR of 5.1% from 2024 to 2030.

The commercial cooking equipment market encompasses a diverse range of appliances and tools specifically designed for professional kitchens in restaurants, hotels, catering businesses, and other food service establishments. The growing number of tourists worldwide is significantly boosting the hospitality and food service industries. With the rapid expansion of the hospitality sector, including hotels, resorts, and vacation rentals, the demand for heavy-duty kitchen equipment is increasing to meet the culinary needs of travelers. According to the World Travel and Tourism Council, the Travel & Tourism sector contributed 9.1% to the global GDP in 2023, marking a notable increase of 23.2% compared to its contribution in 2022. As the tourism sector continues to flourish and play a significant role in the global economy, the market for commercial kitchen equipment is growing at a significant rate. This growth creates lucrative opportunities for manufacturers and suppliers to innovate and diversify their product offerings to meet the evolving requirements of the hospitality industry worldwide.

However, stringent regulations concerning food safety and emissions, such as the International Food Standards (IFS) and the Food Safety Modernization Act (FSMA), pose significant challenges for businesses considering investments in new commercial kitchen equipment. Compliance with these regulations, enforced by governmental agencies and industry associations, necessitates the implementation of specific protocols for handling, storing, and preparing food. Moreover, meeting emissions standards requires additional investments in ventilation and filtration systems, adding complexity and expenses to the equipment setup. These regulatory requirements, coupled with the financial strain of purchasing compliant equipment and ongoing maintenance costs, particularly impact small and medium-sized enterprises (SMEs). Consequently, these regulatory hurdles hinder the adoption of new cooking equipment, limiting market growth and expansion within the food service industry.

On the contrary, the integration of advanced technologies such as smart cooking appliances, IoT-enabled kitchen equipment, and automation solutions is set to drive a surge in demand for professional cooking equipment in the coming years. These technologies enable businesses to enhance their operations, making them more efficient, productive, and sustainable. Smart appliances, equipped with intelligent sensors and connectivity features, allow for precise monitoring and control, optimizing cooking processes and enhancing food quality. IoT-enabled equipment facilitates real-time data monitoring and analysis, empowering kitchen staff to make informed decisions and adjustments for improved performance. Automation solutions streamline repetitive tasks such as food preparation and cleaning, freeing up time for staff to focus on value-added activities. This integration not only streamlines operations but also reduces energy consumption and minimizes waste, aligning with the growing demand for sustainable practices in the food service industry.

Segment Overview

The commercial cooking equipment market is segmented on the basis of product type, size, end user, and region.
• By product type, the market is divided into broilers, grills & griddles, cook-chill system, refrigerators, ovens, dishwashers, and other products
• By size, the market is segmented into small-scale equipment, medium-scale equipment, and large-scale equipment.
• By end-user, the market is classified into full-service restaurants, quick service restaurants, catering, railway dining, resorts & hotel, hospitals, and other end users.
• Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world (RoW).

North America Dominates the Commercial Cooking Equipment Market

The rapidly growing demand and consumption of fast food in North America, driven by the fast-paced lifestyles of consumers and the presence of major QSR companies, is creating a lucrative growth opportunity for quick service restaurants in the region. For instance, the U.S. is one of the largest consumers of fast food, with average spending of approximately USD 1,200 annually on ready meals, amounting to approximately USD 110 billion nationwide. As the consumption and demand for fast food continue to increase, the demand for hospitality cooking appliances is poised to rise significantly in this region.

Moreover, the rising tourism industry is driving significant growth in the expansion of hotels and full-service restaurants in countries such as Canada and the U.S. For instance, Redberry Restaurants, a leading Canadian restaurant franchisee, added 27 new restaurants and renovated 20 others across Canada. Additionally, the company aims to build nearly 300 new Burger King and Taco Bell restaurants by 2031. Wyndham Hotels & Resorts, one of the largest hotel franchising companies, expanded its portfolio to include 265 hotels in the U.S. and Canada in 2023. With such rapid expansion of the hospitality industry in this region, the demand for commercial cooking equipment is anticipated to grow at a significant rate.

Key Market Players

The key players in the commercial cooking equipment market include:
• AB Electrolux
• Ali Group SRL
• Illinois Tool Works Inc (Vulcan)
• John Bean Technologies Corp
• The Middleby Corporation
• Haier Group
• Hoshizaki America Inc.
• Alto-Shaam Inc.
• Marmon Foodservice Technologies
• Duke Manufacturing Company

Recent Developments

April 2024

Hoshizaki acquired a major stake in Turkish food service equipment manufacturer Oztiryakiler. This acquisition is part of Hoshizaki's strategy to strengthen its global product supply capabilities and expand its presence in the European, Middle Eastern, African, and Asian markets.

March 2024

JBT launched the SeamTec 2 Evolute technology for infant formula powders to meet market demands and enhance efficiency. This new powder seamer aims to address the specific needs of the powder market, providing advanced technology for infant formula production.

September 2023

Big Red Rooster Flow, a provider of tech-enabled retail project and program management services from Marmon, has unveiled a new brand identity and website. This rebranding initiative highlights the importance of a strong brand identity in the commercial kitchen industry, where customized equipment and uniforms can enhance brand recognition, loyalty, and overall customer experience.

April 2023

Duke Manufacturing launched the Duke Waterless Hot Food Well cooking equipment which maintains a precise temperature control, keeping starchy foods such as rice and mashed potatoes hot without scorching. Additionally, it features a patent-pending removable non-stick liner for easy cleaning, reducing operational costs and increasing efficiency over time.

July 2022

Electrolux launched the GRO kitchen system concept, aimed at promoting more sustainable and plant-based eating habits. This innovative system features a series of interconnected modules equipped with sensors and AI technology. These modules provide users with personalized eating and nutrition recommendations, fostering healthier and more environmentally friendly dietary choices.

KEY BENEFITS
• The commercial cooking equipment market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the commercial cooking equipment market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the commercial cooking equipment market is provided in the report.
• The competitive analysis of the market players along with their market share is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.