Key Takeaways
- The global commercial kitchen equipment market was valued at USD 11.6 billion in 2020 and is expected to grow to USD 16.8 billion by 2028 at a CAGR of 4.7%.
- In 2022, North America held 35% share of the global commercial kitchen equipment market, driven by high restaurant density.
- The Asia-Pacific commercial kitchen equipment market is projected to register the highest CAGR of 6.1% from 2023 to 2030 due to urbanization.
- The refrigeration segment accounted for 28% of global commercial kitchen equipment revenue in 2023.
- Cooking equipment like ovens and ranges represented 32% of U.S. commercial kitchen purchases in 2022.
- Food preparation equipment market within commercial kitchens grew to $2.1 billion globally in 2021 at 5.3% CAGR.
- North America dominates the commercial refrigeration equipment segment with 40% global share in 2022.
- China's commercial kitchen equipment market grew 7.5% YoY in 2022, reaching CNY 45 billion.
- India’s commercial kitchen sector expanded by 9.2% in 2023, fueled by QSR growth.
- Smart kitchen appliances in commercial settings increased by 18% adoption in Asia-Pacific in 2023.
- Energy-efficient commercial ovens saw 25% market penetration rise in U.S. hotels by 2022.
- IoT-enabled commercial kitchen equipment grew at 11.4% CAGR globally from 2020-2023.
- Middleby Corporation held 14% global market share in commercial cooking equipment in 2022.
- Electrolux Group reported $1.2 billion in commercial kitchen equipment revenue in 2022.
- Ali Group dominated Italian commercial kitchen market with 28% share in 2023.
The commercial kitchen equipment market is steadily growing worldwide, led by North America and Asia-Pacific.
Companies & Competition
- Middleby Corporation held 14% global market share in commercial cooking equipment in 2022.
- Electrolux Group reported $1.2 billion in commercial kitchen equipment revenue in 2022.
- Ali Group dominated Italian commercial kitchen market with 28% share in 2023.
- Welbilt Inc. saw 6% YoY growth in refrigeration equipment sales in North America 2022.
- Rational AG's combi-ovens captured 35% of premium segment in Europe in 2023.
- Hobart Corporation leads U.S. dishwashing equipment with 29% market share in 2022.
- Duke Manufacturing revenue from commercial grills hit $250 million in 2023.
- Vollrath Company captured 15% of smallwares segment in North America 2022.
- BSH Home Appliances grew commercial refrigeration sales 9% YoY in Europe 2023.
- Illinois Tool Works (ITW) held 11% global share in food processing equipment 2022.
- Manitowoc Ice led U.S. ice machine market with 26% share 2022.
- Hatco Corporation's holding cabinets sold 150,000 units globally 2023.
- TurboChef Technologies dominated rapid-cook ovens with 40% U.S. share 2022.
- Meiko Maschinenbau expanded dishwashers to 18% EU market share 2023.
- Frymaster (Welbilt) held 33% of commercial fryer market worldwide 2022.
- Alto-Shaam led combi-oven sales with 22% U.S. market share 2023.
- Jackson MSC dishwashers 25% share in healthcare segment 2022.
- Garland Group (Welbilt) 19% grill market worldwide 2023.
- Winterhalter expanded to 16% global glasswasher share 2022.
- Standex International refrigeration revenue $450 million in FY2022.
Companies & Competition Interpretation
Equipment Types & Usage
- The refrigeration segment accounted for 28% of global commercial kitchen equipment revenue in 2023.
- Cooking equipment like ovens and ranges represented 32% of U.S. commercial kitchen purchases in 2022.
- Food preparation equipment market within commercial kitchens grew to $2.1 billion globally in 2021 at 5.3% CAGR.
- Dishwashing machines in commercial kitchens saw a 12% sales increase in 2022 due to hygiene demands.
- Ventilation equipment for commercial kitchens held 15% market share in Europe in 2023.
- Commercial deep fryers accounted for 18% of cooking equipment sales in fast-food chains worldwide 2022.
- Mixing and preparation machines saw 7.2% growth in bakery segment sales in 2023.
- Convection ovens represented 45% of oven purchases in full-service restaurants U.S. 2022.
- Commercial steamers market grew to $1.1 billion globally in 2022 at 6% CAGR.
- Holding and warming cabinets held 12% share in quick-service restaurant equipment in 2023.
- Slicers and dicers in commercial prep equipment grew 8.1% in sales volume 2022.
- Broilers accounted for 22% of grilling equipment in steakhouses U.S. 2023.
- Commercial ice machines market size $3.4 billion globally 2022, up 5.5%.
- Blast chillers saw 14% adoption increase in high-end catering 2023.
- Walk-in coolers represented 55% of refrigeration installations in new restaurants 2022.
- Pizza ovens surged 16% in sales for independent pizzerias 2023.
- Commercial toasters market at $850 million globally 2022.
- Proofers in bakery equipment grew 9% volume in Europe 2023.
- Undercounter refrigerators 42% preferred for space-constrained kitchens 2022.
- High-speed ovens captured 11% of microwave replacement market 2023.
Equipment Types & Usage Interpretation
Market Size & Growth
- The global commercial kitchen equipment market was valued at USD 11.6 billion in 2020 and is expected to grow to USD 16.8 billion by 2028 at a CAGR of 4.7%.
- In 2022, North America held 35% share of the global commercial kitchen equipment market, driven by high restaurant density.
- The Asia-Pacific commercial kitchen equipment market is projected to register the highest CAGR of 6.1% from 2023 to 2030 due to urbanization.
- U.S. commercial kitchen equipment sales reached $4.2 billion in 2021, up 8% from 2020 post-pandemic recovery.
- Europe commercial kitchen equipment market size was EUR 3.8 billion in 2022, with a forecasted CAGR of 4.2% through 2027.
- Global commercial kitchen equipment market valued at $12.4 billion in 2021, projected CAGR 5.1% to $18.2 billion by 2029.
- U.S. foodservice sector drove 42% of domestic commercial kitchen equipment demand in 2022.
- Latin America commercial kitchen market to grow at 4.9% CAGR from 2023-2030, reaching $1.8 billion.
- Hotel segment contributed 29% to global commercial kitchen equipment revenue in 2023.
- Post-COVID recovery boosted commercial kitchen investments by 15% globally in 2022.
- Commercial kitchen equipment market in Canada valued at CAD 1.2 billion in 2022, CAGR 4.8% forecast.
- Fast-food chains accounted for 38% of global commercial cooking equipment demand 2023.
- Middle East luxury hotels boosted regional market growth to 6.3% CAGR 2023-2028.
- Cloud kitchens drove 25% of new equipment purchases in urban India 2022.
- Global market for used commercial kitchen equipment reached $2.5 billion in 2023.
- Commercial kitchen equipment service market valued at $3.9 billion globally 2022.
- Catering segment to grow fastest at 5.9% CAGR in commercial kitchen market 2023-2030.
- Emerging markets contributed 45% to global growth in 2023.
- Full-service restaurants 31% of equipment spend in Asia 2022.
- Inflation adjusted U.S. market growth 3.2% in 2023 despite price hikes.
Market Size & Growth Interpretation
Regional Analysis
- North America dominates the commercial refrigeration equipment segment with 40% global share in 2022.
- China's commercial kitchen equipment market grew 7.5% YoY in 2022, reaching CNY 45 billion.
- India’s commercial kitchen sector expanded by 9.2% in 2023, fueled by QSR growth.
- Middle East & Africa commercial kitchen equipment market is expected to grow at 5.8% CAGR to 2028.
- Germany leads EU with 22% share of European commercial kitchen equipment sales in 2022.
- Southeast Asia commercial kitchen ventilation market valued at $450 million in 2022.
- UK commercial kitchen equipment imports rose 11% to £850 million in 2022.
- Brazil's commercial kitchen sector expanded 8.4% in 2023 due to casual dining boom.
- Australia held 4% of Asia-Pacific commercial kitchen equipment market in 2022.
- Russia commercial kitchen equipment market declined 3% in 2022 amid economic pressures.
- South Korea commercial kitchen equipment market at KRW 2.1 trillion in 2023.
- France's commercial kitchen exports hit EUR 1.1 billion in 2022.
- Mexico QSR boom increased equipment demand 10.2% in 2023.
- South Africa commercial kitchen market grew 5.7% to ZAR 4.5 billion 2022.
- Turkey held 7% share of European commercial oven imports in 2023.
- UAE commercial kitchen market at AED 2.8 billion in 2023.
- Spain restaurant renovations drove 12% equipment upgrade in 2022.
- Indonesia cloud kitchen equipment spend up 22% to IDR 15 trillion 2023.
- New Zealand imports of commercial ranges rose 7% in 2022.
- Poland commercial refrigeration market grew 6.4% YoY 2023.
Regional Analysis Interpretation
Trends & Innovations
- Smart kitchen appliances in commercial settings increased by 18% adoption in Asia-Pacific in 2023.
- Energy-efficient commercial ovens saw 25% market penetration rise in U.S. hotels by 2022.
- IoT-enabled commercial kitchen equipment grew at 11.4% CAGR globally from 2020-2023.
- Sustainability-driven purchases of eco-friendly fryers rose 30% in Europe in 2023.
- Cloud-based inventory management for commercial kitchens adopted by 42% of large chains in 2022.
- Automation in commercial kitchens rose 22% in Japan by 2023 with robotic arms integration.
- UV sanitization equipment for commercial kitchens adopted by 35% of U.S. operators in 2023.
- Modular commercial kitchen designs increased 19% in new builds globally 2022-2023.
- AI predictive maintenance for kitchen equipment reduced downtime by 28% in pilots 2023.
- Plant-based cooking equipment demand surged 40% in vegan-friendly restaurants 2023.
- Contactless controls in commercial equipment rose 31% post-pandemic 2023.
- Induction cooking adoption in commercial kitchens hit 28% in California 2023.
- 3D-printed custom kitchen parts used by 12% of operators in 2023 pilots.
- Blockchain for supply chain tracking in kitchen equipment maintenance trialed by 8% chains 2023.
- Ghost kitchen optimized equipment layouts saved 20% energy in 2023 studies.
- Voice-activated controls tested in 15% of smart commercial kitchens 2023.
- Recyclable materials in equipment manufacturing up 27% by 2023.
- VR training for kitchen equipment operation adopted by 9% chains 2023.
- Hydrogen-powered cooking pilots in 5% European test sites 2023.
- Data analytics for energy optimization in 24% large kitchens 2023.
Trends & Innovations Interpretation
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