Commercial Cooking Equipment Market By Equipment Type (Fryers, Ovens, Cookers, Ranges, Kettles, Steamers, and Others), By End Users (Full Service Restaurant & Hotels, Quick services, and Catering Services) and By Region - Trends, Analysis and Forecast till 2034

Commercial Cooking Equipment Market was valued at USD 12.3 Billion in 2024 and is projected to grow at a CAGR of 7.00% to reach USD 24.1 Billion by 2034.

Commercial cooking equipment are intended to use in restaurants, fast food centers, and hotels for cooking food in large quantity. Ovens and fryers are most commonly used equipment for preparing various food cuisines. Ovens and fryers used for baking, grilling, frying, or toasting in various restaurants, hotels, and fast-food centers. These equipment enables easy preparation of food and preservation. Moreover, these equipment ensures food safety, reduces labor, and operational cost. This equipment helps improving presentation and retaining taste and nutrients of food.

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Drivers and Restraints:

Rising Preference for Energy Efficient Cooking Equipment

Increasing number of restaurants & hotels worldwide is a major factor, which drives the growth of the commercial cooking equipment market. Further, rising preference for energy efficient cooking equipment among people is also supports the growth of commercial cooking equipment market. In addition, increase in health consciousness among consumers and growing demand for ready to cooked food propels the growth of the commercial cooking equipment market. Moreover, commercial cooking equipment includes wide range of products that help in quick and easy preparation of several cuisines and food items, which is expected to fuel the growth of the commercial cooking equipment market.

Commercial cooking equipment offers various benefits such as, avoid expensive breakdowns, easy to operate, safe & secure, improved functionality and energy saving, which boost the growth of the commercial cooking equipment market. Moreover, changing lifestyle and growing concern towards outside food among people is expected to propel the growth of the commercial cooking equipment market.  However, high initial capital cost and volatile prices of raw material restraint the growth of the commercial cooking equipment market. Moreover, large capital investment is required to set up new manufacturing process, which hampers the growth of the commercial cooking equipment market. Improvement in existing equipment appliances provide opportunity for the growth of the commercial cooking equipment market.

Commercial Cooking Equipment market is segmented based on equipment type, end users and region.

On the basis of equipment type, the global commercial equipment market has been segmented into fryers, ovens, cookers, ranges, kettles, steamers, and others. Based on end users, the commercial cooking equipment market has been divided into full service restaurant & hotels, quick services, and catering services.

Regional Insights:

On region the Commercial Cooking Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region expected to account major share in commercial cooking equipment market over forecast period. This can be attributed to increasing number of restaurants & hotels and rising preference for energy efficient cooking equipment in this region. The Asia Pacific region expected to grow substantially grow over forecast period due to presence of international and local chains in this region. For instance, in March 2018, according to United States Department of Agriculture, The National Restaurant Association of India (NRAI) reported the restaurant sector is valued in 2017 at US$52 Bn and is projected to grow to U.S. $85 Bn by 2022.Europe is also expected to estimate higher growth rate in global commercial cooking equipment over forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Commercial Cooking Equipment market report based on equipment type, end users and region.

Commercial Cooking Equipment Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The Key players operating in the Commercial Cooking Equipment market include Ali Group S.r.l., Illinois Tool Works Inc., Duke Manufacturing Co. Inc., Middleby Corporation, Alto-Shaam, Inc., Edward Don & Company, Fujimak Corporation, Manitowoc Foodservice, Rational AG, and AB Electrolux (publ).

Illinois Tool Works Inc

ITW is an American Fortune 200 corporation that manufactures engineered fasteners and components, as well as equipment and consumable systems and specialty goods. Byron L. Smith created the company in 1912, and it has grown through a a'small-wins strategy' that includes decentralization, operational efficiency, simplicity, customer-focused innovation, and acquisitions.

• Ali Group S.r.l.
• Illinois Tool Works Inc.
• Duke Manufacturing Co. Inc.
• Middleby Corporation
• Alto-Shaam, Inc.
• Edward Don & Company
• Fujimak Corporation
• Manitowoc Foodservice
• Rational AG
• AB Electrolux (publ)