Commercial Catering Equipment Market to Grow with a CAGR of 5.8% 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, “Commercial Catering Equipment Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, 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.

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.

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 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 & Competition, 2019-2029F", 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]