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Commercial Cooking Equipment Market Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Overview:

The global commercial cooking equipment market is anticipated to register strong growth in the coming years due to increasing need for energy-efficient and certified cooking equipment. Commercial cooking equipment are primarily used in hotels, restaurants and other commercial kitchens for aiding staff in easy food preparation.  Growing popularity of Quick Service Restaurants (QSRs) among youths, rise in working population worldwide, and expanding tourism are the major factors driving the commercial cooking appliances market. Furthermore, unprecedented growth in the hospitality industry and growing concerns over food safety bodes well for the market growth. 

Commercial cooking equipment plays a significant role in the food service & processing industry as it reduces labor and operational costs. Growing trend towards creative cooking, varied eating habits of people, and multi-cultural environment has given rise to variety of cuisines for consumers’ worldwide. With the growing temptation among consumers for experimenting different international cuisines, there exist tremendous scope for QSR food chains to expand globally in the near future. This, in turn is expected to boost demand for commercial cooking equipment worldwide during the forecast period from 2018 to 2026.

Food service establishments across the globe are focusing on purchasing certified commercial cooking equipment to ensure food and equipment safety. Manufacturers, on the other hand, are required to gain certifications for their products from concerned authorities and companies like NSF International and UL Company. NSF certifies the commercial equipment for the safety of food and UL Company certifies product safety dealing with equipment design, electrical components and manufacturing. Certifications have positive influence on the consumer perception, thereby stimulating market demand.

The commercial cooking equipment market is also driven by strong replacement demand, especially in developed countries. High replacement demand has compelled manufacturers to concentrate on product enhancement. On the other hand, need for significant capital investment for setting up a new manufacturing facility and substantial expenditure required for product enhancement are some of the factors hindering the entry of small players in the market. Perpetually growing technology penetration in the food service industry such as introduction of energy efficient and cost-effective cooking equipment are expected to create numerous growth opportunities for the commercial cooking equipment manufacturers in the coming years.

The global commercial cooking equipment market is segmented on following basis:

  • Product Type
    • Cooking Appliances
      • Cooktop & Cooking Range
      • Ovens
      • Rice Cooker
      • Fryers
      • Char Boilers
    • Refrigerator
    • Dishwasher
    • Others (Steamers, Kettles, etc.)        
  • End users
    • Full-service Restaurants & Hotels
    • Quick Service Restaurants
    • Railway Dining
    • Ferry & Cruise
    • Others (Hospitals, Institutional Canteens, etc.)
  • Geography
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East & Africa
      • Latin America

Key players identified in the global commercial cooking equipment market include, but are not limited to:

Ali Group S.r.l., Alto-Shaam, Inc., Duke Manufacturing, Illinois Tool Works, Inc., Middleby Corporation, Edward Don & Company, Fujimak Corporation, WELBILT Inc., Electrolux AB, Rational AG, and The Manitowoc Company, Inc. among others.

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