The global commercial cooking equipment market is on a trajectory of significant growth, projected to surge from US$ 11,631.0 Million in 2023 to a staggering US$ 23,094.7 Million by 2033, marking a robust 7.1% CAGR over the forecast period (2023-2033). This surge is primarily attributed to the rapid expansion witnessed in the HoReCa (Hotel, Restaurant, and Catering) sector worldwide.
Commercial cooking equipment encompasses a diverse range of machines and tools essential for food preparation in commercial kitchens, including broilers, cook-chill systems, fryers, ovens, cookers, ranges, kettles, and steamers, among others.
These equipment play a pivotal role across various segments of the food service industry, such as restaurants, hotels, and catering services. They enable quick-service establishments to efficiently cater to customer demands while optimizing space utilization to mitigate escalating operational, food, labor, and real estate costs. Consequently, the burgeoning growth of these sectors is poised to propel the global commercial cooking equipment market during the forecast period.
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Growth Factors
The escalating preference for fast foods such as burgers, chicken, pizza, sandwiches, and quick-service meals, which do not necessitate table service, is poised to significantly propel the demand for commercial cooking equipment over the forthcoming decade.
Moreover, the considerable advancement in the commercial utilization of cooking equipment, particularly within emerging economies, is anticipated to fuel the expansion of the global commercial cooking equipment market.
Additionally, the ongoing development of innovative commercial cooking equipment is expected to unlock lucrative growth opportunities for the market in the ensuing decade.
Recent Developments
In 2021, Marra Forni, an esteemed American manufacturer renowned for its Italian-inspired brick ovens, unveiled its latest offerings, the ELECTRO Series Models ELST5532-1 through ELST5532-4.
In a strategic move aimed at expanding its commercial footprint and capturing the Pacific market, Alto Shaam Inc. initiated its expansion into Australia and New Zealand in January 2022.
Middleby Corporation made significant strides in February 2022, introducing a new addition to its Char-Griller lineup while also announcing the acquisition of Kamado Joe and Masterbuilt, further solidifying its market presence.
Blodgett Corporation made waves in February 2021 with the introduction of its cutting-edge freestanding vent hood convection oven featuring touch controls, catering to the needs of fast-casual restaurants, institutional kitchens, hospitals, and various other food service establishments.
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Key Companies
- Ali S.p.A
- Illinois Tool Works Inc.
- Duke Manufacturing Co. Inc.
- The Middleby Corporation
- Alto-Shaam, Inc.
- Edward Don & Company
- Fujimak Corporation
- Manitowac Company Inc.
- Rational AG and AB Electrolux.
- ACP, Inc.
- AMTek Microwaves
- Bizerba USA Inc.
- Caddy Corporation
- Duke Manufacturing Co.
- Electrolux AB
- R.M Kitchen Equipments Pvt. Ltd.
- RM GASTRO s.r.o.
Market by Category
By Product Type:
- Broilers
- Cook-chill Systems
- Fryers
- Ovens
- Cookers
- Ranges
- Kettles
- Steamers
- Others
By Applications:
- Full-Service Restaurants and Hotels
- Quick Service Restaurants
- Catering Services
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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