Global Commercial Cooking Equipment Market Size, Trends, and Growth Opportunity, By Types (Braising Pans/Tilting Skillets, Broilers/Char Broilers/Grills/Griddles, Cook-chill Systems, Fryers, Ovens, Cookers, Ranges, Kettles, Steamers, Others), By End User (Full-Service Restaurant & Hotels, Quick Service, Catering Service), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Commercial Cooking Equipment Market
The global Commercial Cooking Equipment market was valued at USD 11601.00 Billion in 2022 and is expected to expand to USD 23054.00 Billion in 2030 at a CAGR of 7.69% during the forecast period 2023- 2030.
Equipment that is used for cooking and commercial cooking (applies to any business which prepares food for the purpose of public consumption) is referred to as Commercial Cooking Equipment.
Market Drivers
The major driving factors that drive the market are the development of the food service industry and the increase in the number of Quick-Service Restaurants as more public is eating out and there are more hotels and restaurants and more business trips.
Moreover, the rising popularity of artistic cooking and baking amongst customers is likely to create more acceptance of commercial cooking equipment.
Additionally, the growing acceptance of commercial cooking equipment in the restaurant business to train chefs is boosting market growth.
Market Restraints
The main restraining factors that hamper the market growth are variations in raw material costs and massive capital investment for setting up manufacturing plants.
Market Segmentation
The global Commercial Cooking Equipment market is segmented based on Types, End Users, and regions. On the basis of Types, it is segmented into Braising Pans/Tilting Skillets, Broilers/Char Broilers/Grills/Griddles, Cook-chill Systems, Fryers, Ovens, Cookers, Ranges, Kettles, Steamers, and Others. Based on End Users, it is segmented into Full-Service Restaurants & Hotels, Quick Service, and Catering Service. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
North American region is expected to dominate the market owing to the growing number of hotels, restaurants, and food businesses in this region and the acceptance of technologically advanced products and equipment in the kitchen.
Asia Pacific is likely to witness lucrative growth as Asia-Pacific is one of the top places to sell commercial cooking equipment because China and India are growing economies, and commercial kitchens are becoming more automated.
Key Players
Various key players are listed in this report such as Illinois Tool Works (ITW), Middleby, Welbilt, AB Electrolux, Alto-Shaam, Avantco Equipment, Duke Manufacturing, FUJIMAK Corporation, Standex International, The Vollrath Company.
Market Taxonomy
By Types
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