Commercial Cooking Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Braising Pans/Tilting Skillets, Broilers/Char Broilers/Grills/Griddles, Cook-Chill Systems, Fryers, Cookers, Ranges, Kettles, Steamers, Ovens, Others), By End Use (Full-service Restaurants, Quick-Service Restaurants, Catering, Hotels, Others), By Region & Competition, 2019-2029F

Market Overview

Global Commercial Cooking Equipment Market was valued at USD 11.91 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.46% through 2029. The global commercial cooking equipment market is a dynamic and thriving sector that encompasses a wide range of products used in commercial kitchens, including restaurants, hotels, cafeterias, and food service establishments. This market has seen steady growth in recent years, driven by various factors such as the expanding foodservice industry, changing consumer preferences, and technological advancements.

One key driver of market growth is the increasing demand for efficient and high-capacity cooking equipment to meet the rising consumer expectations for quality and speed of service. Additionally, health and safety regulations have prompted businesses to invest in modern cooking equipment that complies with these standards.

The market offers a diverse range of products, including ovens, fryers, grills, stoves, and refrigeration equipment. Manufacturers are constantly innovating to improve energy efficiency, reduce operating costs, and enhance cooking equipment performance. Moreover, the adoption of smart and connected cooking equipment is on the rise, providing operators with data-driven insights to optimize their kitchen operations and reduce wastage. The market also witnesses a growing focus on sustainability, with an emphasis on energy-efficient and eco-friendly cooking solutions.

Overall, the global commercial cooking equipment market is expected to continue expanding as the foodservice industry evolves and consumer preferences change, making it an exciting and competitive segment within the broader foodservice equipment industry.

Key Market Drivers

Expanding Foodservice Industry

The rapid growth of the foodservice industry is a primary driver of the global commercial cooking equipment market. This industry encompasses a wide range of businesses, including restaurants, hotels, cafeterias, catering services, and food trucks. As urbanization and disposable incomes continue to rise worldwide, more people are dining out, ordering takeout, or utilizing food delivery services. This trend has led to increased demand for commercial kitchens and cooking equipment to meet the growing needs of the foodservice sector.

Restaurants, in particular, are a significant driver of the market, as they require a diverse range of cooking equipment, such as ovens, stoves, grills, and fryers, to prepare a variety of dishes efficiently. Additionally, the emergence of cloud kitchens and ghost kitchens, which focus on food delivery and takeout, has further driven the demand for commercial cooking equipment. As the foodservice industry continues to expand and innovate, the market for cooking equipment is expected to grow in parallel.

Evolving Consumer Preferences

Changing consumer preferences and demands have a profound impact on the commercial cooking equipment market. Today's consumers have become more health-conscious and have diverse dietary requirements, leading to increased demand for specialized cooking equipment. For instance, there is a growing need for equipment that supports healthier cooking methods, like grilling and steaming, which require specific appliances.

Furthermore, as consumers become more environmentally aware, there is a push for energy-efficient and eco-friendly cooking equipment. This driver has led to the development of equipment that reduces energy consumption and lowers operating costs while still providing high-quality results. Manufacturers are investing in research and development to design equipment that aligns with these changing preferences, ensuring that businesses can cater to the evolving needs of their customer base.

Technological Advancements

Technological innovation is a major driver of growth in the global commercial cooking equipment market. Manufacturers are continually developing cutting-edge equipment that not only improves cooking performance but also enhances efficiency and safety. One significant trend is the integration of digital and smart technologies into commercial cooking equipment. These innovations enable operators to monitor and control cooking processes more accurately, reducing the risk of human error and ensuring consistent quality in the dishes they prepare.

Connected cooking equipment often comes with features like touchscreen interfaces, automated timers, and remote monitoring capabilities. These technological advancements lead to higher productivity in commercial kitchens and a reduction in labor costs. Additionally, smart equipment can collect and analyze data, providing valuable insights into usage patterns, maintenance needs, and energy consumption, which further benefits businesses.

Another technological driver is the development of equipment that caters to specific culinary techniques and styles, such as sous-vide cooking, precision grilling, and rapid-cooking technologies. These innovations offer chefs and kitchen staff the tools they need to create unique and high-quality dishes, catering to the evolving tastes and preferences of consumers.

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Key Market Challenges

High Initial Costs

One of the significant challenges in the commercial cooking equipment market is the high initial capital investment required for purchasing and installing commercial-grade cooking equipment. These appliances, including industrial ovens, stoves, grills, and deep fryers, are typically expensive due to their larger size, higher production capacities, and specialized features. Businesses, especially small and startup foodservice establishments, may struggle to afford these high upfront costs.

The cost of infrastructure modifications to accommodate commercial kitchen equipment, such as ventilation systems, fire suppression systems, and electrical upgrades, can further strain the budget. As a result, many businesses may choose to opt for lower-quality or second-hand equipment, which can lead to maintenance issues and higher operating costs in the long run. Manufacturers and suppliers in the industry need to find ways to address these cost challenges, such as offering more cost-effective and energy-efficient solutions or providing financing options to help businesses acquire the necessary equipment without significant financial strain.

Rapid Technological Obsolescence

The commercial cooking equipment market is highly technology-driven, with constant innovation aimed at improving efficiency, safety, and user-friendliness. While technological advancements can be a driver for the market, they also pose a challenge in terms of rapid obsolescence. Newer and more advanced cooking equipment is regularly introduced to the market, making existing models quickly outdated.

This presents a challenge for businesses that have invested in commercial cooking equipment, as they may face difficulties in staying competitive or ensuring their equipment complies with evolving regulatory standards. The constant need for upgrades or replacements can strain their budgets and operational efficiency. Manufacturers must find ways to address this challenge by providing equipment that can be easily updated or retrofitted with new technology, extending the life of existing equipment.

Energy Efficiency and Sustainability

Energy efficiency and sustainability have become increasingly important in the commercial cooking equipment market, as businesses seek to reduce their environmental impact and operating costs. However, achieving high levels of energy efficiency in cooking equipment can be a challenge, as these appliances often require substantial amounts of energy to operate, particularly in high-demand commercial kitchens.

Manufacturers are under pressure to develop equipment that minimizes energy consumption while still delivering optimal cooking results. While energy-efficient solutions are available, they may come at a higher upfront cost, which can deter budget-conscious businesses. Moreover, there is a need for consistent industry standards and certifications related to energy efficiency and sustainability, which can vary by region, making it challenging for businesses and consumers to make informed choices.

Sustainability concerns extend beyond energy usage to issues like materials sourcing and waste disposal. The disposal of old cooking equipment can be an environmental challenge, especially if it contains non-recyclable or hazardous materials. As environmental regulations tighten, manufacturers and businesses must consider end-of-life disposal challenges and promote more sustainable practices.

Key Market Trends

Integration of Smart and Connected Technologies

One of the prominent trends in the commercial cooking equipment market is the integration of smart and connected technologies. These innovations involve the incorporation of sensors, touchscreens, automation, and connectivity features into commercial kitchen equipment. The aim is to enhance functionality, efficiency, and safety while providing operators with valuable data and insights for better decision-making.

Smart cooking equipment allows for precise monitoring and control of cooking processes. For example, ovens and ranges equipped with digital controls and sensors can maintain consistent cooking temperatures, ensuring the quality and consistency of dishes. Additionally, these connected appliances often feature remote monitoring and diagnostics, enabling kitchen staff and managers to keep tabs on equipment performance and detect issues in real time.

Data-driven insights from smart cooking equipment can optimize kitchen operations, reduce energy consumption, and improve food safety. Businesses can also use this data to track usage patterns, plan maintenance, and enhance menu planning. As connectivity becomes increasingly integral to commercial kitchens, manufacturers continue to develop and innovate smart cooking equipment to meet the demands of the modern foodservice industry.

Emphasis on Energy Efficiency and Sustainability

Sustainability and energy efficiency are key trends in the commercial cooking equipment market. With growing concerns about environmental impact and rising energy costs, businesses and consumers are seeking equipment that minimizes energy consumption and reduces the carbon footprint.

Manufacturers are responding by developing energy-efficient appliances that meet or exceed industry standards and regulations. Examples of this trend include the design of induction cooktops, which use magnetic fields to heat cookware directly, providing rapid and efficient heating while reducing energy waste. Moreover, high-efficiency ovens and grills are becoming more prevalent, allowing businesses to cook food more quickly and with lower energy consumption.

Another aspect of sustainability is the use of eco-friendly materials and manufacturing processes. Manufacturers are focusing on reducing waste, recycling materials, and using non-toxic coatings and finishes. Businesses are increasingly looking for equipment with energy-saving certifications and those that minimize water usage, further demonstrating their commitment to environmental responsibility.

Customization and Specialization

The trend of customization and specialization in commercial cooking equipment reflects the need for versatile and unique solutions in the foodservice industry. Businesses are seeking equipment that can cater to their specific menu offerings and operational requirements. As a result, manufacturers are producing a wide range of specialized equipment to meet these demands.

For example, some commercial kitchens require specialized appliances like high-speed ovens for fast-casual dining, combi-ovens for precise steam and convection cooking, or sous-vide machines for precise temperature control. These specialized devices enable chefs to create unique and high-quality dishes while optimizing efficiency in the kitchen.

Customization trends have extended to equipment size, configuration, and aesthetics. Manufacturers now offer the ability to tailor cooking equipment to fit kitchen layouts and design preferences. Customization options can include specific finishes, colors, and branding elements, allowing businesses to create a cohesive and unique culinary identity.

Segmental Insights

Type Insights

Broilers, char broilers, grills, and griddles have emerged as a growing segment in the global commercial cooking equipment market. These versatile appliances are essential for cooking a wide range of menu items, making them increasingly popular in various foodservice establishments, including restaurants, cafes, and food trucks.

The growing consumer demand for flame-grilled, seared, or griddled dishes has fueled the adoption of these equipment. Broilers and char broilers provide a high-heat, open-flame cooking method that imparts a unique flavor and texture to foods, making them ideal for steaks, burgers, and kebabs. Grills offer a similar cooking style, using grates to create those signature grill marks, while griddles are excellent for cooking pancakes, sandwiches, and other flat items.

As the foodservice industry evolves to cater to changing tastes and preferences, the demand for broilers, char broilers, grills, and griddles is expected to continue to rise, contributing to the growth of this segment in the global commercial cooking equipment market.

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Regional Insights

North America stand out as the dominated region in the Global Commercial Cooking Equipment Market. This dominance is a result of several key factors. North America boasts a strong and well-established jewelry and watch market, with a significant number of consumers who appreciate high-quality accessories. The region's affinity for luxury items has created a robust demand for efficient and effective cleaning solutions to maintain the brilliance of their jewelry and watches.

The consumers tend to be early adopters of innovative technologies, and they value convenience and time-saving solutions. The rise of online retail and e-commerce has further accelerated the awareness and accessibility of steam cleaners for jewelry and watches in the region. Additionally, stringent environmental regulations and the growing emphasis on sustainable practices have made eco-friendly cleaning options more appealing to North American consumers, aligning with the eco-conscious trend in steam cleaning. These factors, combined with the region's economic strength and consumer preferences, make North America the dominant market for Commercial Cooking Equipment.

Recent Developments

• In January 2024, Henny Penny Corporation introduced a strategic distribution alliance with The Best Company, an agile and forward-thinking enterprise headquartered in Vietnam. This collaboration aims to fortify Henny Penny's footprint and elevate service standards within the Vietnamese market.
• In October 2023, Usha International announced its entry into the premium kitchen appliances market with the introduction of the iChef range. This new product line comprises five initial offerings: the iChef Steam Oven, iChef Heater Blender, iChef Smart Air Fryer 5.5L, iChef Smart Air Fryer – Digital 5L, and iChef Programmable Kettle. These products will be exclusively distributed through designated Reliance Digital stores across India.

Key Market Players

• Middleby Corporation
• Illinois Tool Works Inc.
• Alto-Shaam, Inc.
• Duke Manufacturing Co. Inc
• Ali Group S.r.l.
• AB Electrolux 
• Dover Corporation
• Henny Penny Corporation
• Comstock-Castle Stove Co., Inc
• Atosa USA, Inc

Report Scope:

In this report, the Global Commercial Cooking Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Commercial Cooking Equipment Market, By Type :

o   Braising Pans/Tilting Skillets

o   Broilers/Char Broilers/Grills/Griddles

o   Cook-Chill Systems

o   Fryers

o   Cookers

o   Ranges

o   Kettles

o   Steamers

o   Ovens

o   Others

• Commercial Cooking Equipment Market, By End Use:

o   Full-service Restaurants

o   Quick-Service Restaurants

o   Catering

o   Hotels

o   Others

• Commercial Cooking Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Argentina

§  Colombia

§  Brazil

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Commercial Cooking Equipment Market.

Available Customizations:

Global Commercial Cooking Equipment market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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