Commercial Catering Equipment Market to Grow with a CAGR of 5.8% Globally through 2029
The global commercial
catering equipment market is experiencing robust growth due to rising demand
from the hospitality sector. Innovations, energy efficiency, and expanding
foodservice industry contribute to market expansion.
According to
TechSci Research report, “Global Commercial Catering Equipment Market -
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029”, the Global Commercial Catering Equipment Market was valued at USD 11.7 billion in 2023 and is expected to reach USD 16.3 billion by 2029 with a CAGR of 5.8% during the forecast period. The global commercial catering equipment market is driven by the
expanding foodservice industry, technological innovations like smart kitchen
solutions, and a focus on energy efficiency and sustainability. Stringent
regulations regarding food safety and hygiene also propel market growth. The
industry adapts to changing foodservice models, integrates digital solutions
for supply chain management, and prioritizes customization to meet diverse
needs. However, challenges include economic uncertainties, rapid technological
advancements, environmental sustainability compliance, and supply chain
disruptions. Despite challenges, the market remains dynamic, responsive to
consumer preferences, and poised for sustained growth through innovation and
global market expansion.
Browse over xx market data Figures spread through xxx Pages and an in-depth TOC on
"Global Commercial Catering Equipment Market”
The global
commercial catering equipment market is fueled by a confluence of dynamic
drivers that collectively shape its trajectory, fostering innovation,
sustainability, and adaptability. At the heart of this growth is the expanding
foodservice industry, where a surge in dining-out preferences and the
proliferation of restaurants, cafes, and other commercial establishments drive
the demand for advanced kitchen solutions. Technological advancements serve as
a pivotal driver, with the integration of smart technologies, Internet of
Things (IoT) capabilities, and data analytics into catering equipment enhancing
functionality, efficiency, and kitchen management.
A key impetus
for innovation in the market is the relentless pursuit of energy efficiency and
sustainability. In response to growing environmental consciousness,
manufacturers are developing catering equipment that not only meets performance
expectations but also minimizes energy consumption and embraces eco-friendly
materials. This trend aligns with the broader industry movement towards
sustainability, reflecting a commitment to responsible business practices and
meeting the evolving expectations of environmentally conscious consumers.
Navigating the
intricacies of stringent regulations and standards is another significant
driver. The commercial catering equipment industry operates within a framework
that mandates adherence to specific guidelines related to food safety, hygiene,
and environmental impact. The need to comply with these regulations propels
ongoing research and development efforts, ensuring that equipment not only
meets but exceeds these standards. This commitment to compliance enhances the
overall quality and safety of food preparation processes, building trust among
consumers and regulatory authorities.
The global
expansion of emerging markets represents a transformative driver for the
industry. As developing economies experience rapid urbanization, rising
disposable incomes, and evolving lifestyles, the demand for commercial catering
services skyrockets. This surge is particularly pronounced in regions like Asia
and Latin America, where a burgeoning middle class is increasingly inclined
towards dining out and experiencing diverse culinary offerings. This global
expansion not only presents lucrative opportunities for market players but also
necessitates tailored solutions that cater to the unique preferences and
requirements of different cultural contexts.
The industry's
response to changing foodservice models is a driver that shapes product
development and market dynamics. The rise of quick-service restaurants, food
delivery services, and ghost kitchens has ushered in a demand for specialized
and adaptable catering equipment. Compact, versatile, and efficient solutions
are gaining prominence as businesses seek equipment that aligns with the space
constraints and operational demands of these evolving foodservice models. This
trend underscores the industry's agility in catering to the diverse needs of a
dynamic market.
The global commercial catering equipment market is segmented into product type, end user, distribution channel, regional, and company.
Based on end user, the market is segmented into food service sector, school & universities, hospitals, and other. The food service sector is increasingly recognized as a transformative segment within the commercial catering equipment industry. This emergence is driven by various factors that are reshaping how food is prepared, served, and consumed, leading to a significant impact on the demand for advanced and specialized catering equipment. The expansion of the food service industry, which includes restaurants, hotels, cafes, and catering services, is a major driver. The increasing number of food establishments has led to higher demand for commercial catering equipment that can handle large-scale food production and service efficiently. The integration of technology into commercial catering equipment is transforming the food service sector. Smart kitchen appliances, energy-efficient equipment, and automation are becoming essential in modern commercial kitchens. Stringent health and safety regulations in the food service sector are pushing the demand for equipment that meets high standards of hygiene and safety. This includes advanced refrigeration systems, sanitary food processing machines, and equipment that minimizes the risk of contamination. Sustainability is becoming a key consideration in the food service sector. There is growing demand for energy-efficient and environmentally friendly catering equipment as businesses seek to reduce their carbon footprint and operational costs. Equipment that uses less energy, produces less waste, and has a longer lifespan is becoming increasingly popular. Manufacturers are responding by offering products that not only meet these criteria but also offer innovative features like waste management systems and energy monitoring.
The surge in online food delivery services is also reshaping the commercial catering equipment market. Kitchens designed specifically for delivery, known as ghost kitchens or cloud kitchens, are becoming more common. These operations require specialized equipment that is compact, efficient, and capable of producing high volumes of food quickly. The demand for packaging equipment and storage solutions designed to keep food fresh during delivery is also on the rise, further driving innovation in the catering equipment industry. Globalization and the blending of culinary cultures are influencing the types of equipment needed in commercial kitchens. The ability to prepare diverse cuisines from around the world requires a variety of specialized equipment, from tandoor ovens for Indian cuisine to sushi machines for Japanese food. As food service establishments cater to increasingly diverse palates, the demand for a wide range of catering equipment is growing, encouraging manufacturers to expand their product offerings. The food service sector's rapid growth and evolving needs are significantly transforming the commercial catering equipment industry. As the sector continues to expand and innovate, the demand for advanced, efficient, and specialized equipment is set to increase, making it a key area of focus for manufacturers and suppliers.
Major companies
operating in global Commercial Catering Equipment market are:
- Duke
Manufacturing
- Electrolux
AB
- Dover
Corporation
- Illinois
Tool Works (ITW), Inc.
- Ali
Group S.r.l
- Fujimak
Corporation
- Eurotec FM Ltd.
- Alto-Shaam,
Inc.
- Atosa
USA, Inc.
- Comstock-Castle Stove Co., Inc.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The online
segment is revolutionizing the commercial catering equipment industry,
providing businesses with a convenient and efficient platform to source
essential kitchen solutions. This transformative force is driven by the
accessibility and diversity offered by online platforms, enabling businesses to
compare products, prices, and customer reviews with ease. As part of a broader
digitalization trend, the online segment connects a global network of suppliers
with businesses seeking catering equipment, streamlining procurement processes.
Accelerated by the COVID-19 pandemic, this growth reflects the industry's
adaptation to a digital landscape, positioning the online segment as a pivotal
and continually expanding aspect of the commercial catering equipment market.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Commercial Catering
Equipment Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Product Type (Ovens, Steamers, Kettles, Others), By End
User (Food Service Sector, School & Universities, Hospitals, Others), By
Distribution Channel (Online, Offline), By Region, By Competition, 2019-2029, has
evaluated the future growth potential of global Commercial Catering Equipment market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global Commercial Catering Equipment market.
Contact Us-
TechSci
Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com