PUBLISHER: IMARC | PRODUCT CODE: 1519683
PUBLISHER: IMARC | PRODUCT CODE: 1519683
The global commercial kitchen appliances market size reached US$ 99.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 155.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. The growing adoption of energy-efficient, cost-effective, and time-saving kitchen solutions, wide availability through various distribution channels, and technological advancements represent some of the key factors driving the market.
Increasing Number of Food Chains Augmenting Market Growth
Presently, the rising adoption of commercial kitchen appliances on account of the increasing number of cafes, quick service restaurants (QSRs), hotels, resorts, and other food chains across the globe is propelling the growth of the market. In line with this, there is a rise in the demand for western food culture and willingness of individuals to try different food cuisines among individuals around the world. This, coupled with the increasing utilization of smart and advanced commercial kitchen appliances as compared to conventional appliances among chefs, is bolstering the growth of the market. Food business owners are rapidly adopting commercial kitchen appliances to provide enhanced and quick food services to customers for increasing their business revenues. These commercial kitchen appliances are energy-efficient and cost-effective and assist in simplifying various tasks, such as cleaning and cooking. Apart from this, the rising demand for commercial kitchen appliances in events, parties, and marriages is contributing to the growth of the market.
What are Commercial Kitchen Appliances?
Commercial kitchen appliances comprise refrigerators, ovens, grills, microwaves, broilers, slicers, food processors, blenders, ice makers, mixers, grinders, burners, toasters, griddles, deep fryers, dishwashers, storage containers, sinks, and stovetops. They are manufactured from several materials, such as copper, stainless steel, brass, plastic, and aluminum. They are cost-effective, easy to use and clean, durable, efficient, and simplify various kitchen tasks. They can withstand heavy use and are larger and strong as compared to home kitchen appliances. They assist in providing flexibility while eliminating waste of time, money, and space. Besides this, they aid in improving the cooking speed that enhances customer experience, and generates more revenue in a business.
At present, the rising demand for refrigerators in a commercial kitchen to preserve food over a long period represents one of the key factors supporting the growth of the market. Apart from this, the growing adoption of commercial kitchen appliances due to the increasing demand for drive-through meals among people having busy schedules is positively influencing the market. In line with this, the wide availability of commercial kitchen appliances through online and offline distribution channels across the globe is offering lucrative growth opportunities to industry investors. Besides this, the increasing adoption of commercial kitchen appliances and infrastructure to offer enhanced services to consumers around the world is propelling the growth of the market. In addition, the thriving travel and tourism industry, along with the increasing trend of western food culture, is bolstering the growth of the market. Moreover, there is a rise in the demand for energy-efficient, time-saving, and cost-effective commercial kitchen appliances around the world. This, coupled with the increasing utilization of smart commercial kitchen appliances that perform several kitchen tasks efficiently at low costs and easily get connected with smartphones and tablets, is impelling the growth of the market. Apart from this, technological advancements, such as the emergence of the internet of things (IoT) and artificial intelligence (AI) in commercial kitchen appliances for improved user experience, are contributing to the growth of the market. Furthermore, key players are introducing the internet of things (IoT)-enabled connected refrigerator with intuitive alert and temperature management features, which is facilitating the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial kitchen appliances market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel and application.
Refrigerators
Cooking Appliances
Cooktop and Cooking Ranges
Ovens
Dishwashers
Others
The report has provided a detailed breakup and analysis of the commercial kitchen appliances market based on the type. This includes refrigerators, cooking appliances, cooktop and cooking ranges, ovens, dishwashers, and others. According to the report, refrigerators represented the largest segment, as they are widely utilized to maintain food products cooler and fresh over a longer period. They are widely available in different capacities and can be easily customized as per the customer cooling requirement. They are not expensive, require less space, and provide more energy-efficient technology. Moreover, they assist in slowing down the growth of bacteria and preventing the deterioration of food.
Cooking appliances are various devices, such as air fryers, grillers, hot plates, stove tops, and toasters, that are designed for food preparation. They assist in saving time and increasing productivity while reducing costs. There is currently a rise in the demand for safer, more efficient, and cleaner-burning cooking facilities among individuals around the world.
An oven is a box-like equipment that is enclosed and surrounded by hot environment and relies on gas or oil and electricity to operate. It is utilized for baking, cooking, and grilling various types of food products inside the same temperature unit with several modes, such as multi-level cooking and advanced humidity and air movement control.
Offline
Online
A detailed breakup and analysis of the commercial kitchen appliances market based on the distribution channel has also been provided in the report. This includes offline and online. According to the report, offline accounted for the largest market share as it has a wide availability of products of different brands and offers special discounts, schemes, and cashback and assists in enhancing customer experience. The increasing demand for offline distribution channel, as people can easily try and test the products prior to purchasing, is contributing to the growth of the market.
Online distribution channels are gaining popularity among the population, as they provide convenience, comfort, and easy home delivery options to customers. It also gives freedom of choice to the people for choosing from a wide variety of products while comparing them to one another. In addition, it provides flexibility for the customers to shop anywhere and anytime. Besides this, the growing adoption of online distribution channels due to the rising number of smartphone users, along with the ease of internet facilities across the globe, is propelling the growth of the market.
Quick Service Restaurant (QSR)
Railway Dining
Institutional Canteen
Resort and Hotel
Hospital
Full Service Restaurant (FSR)
Others
A detailed breakup and analysis of the commercial kitchen appliances market based on the application have also been provided in the report. This includes quick service restaurant (QSR), railway dining, institutional canteen, resort and hotel, hospital, full service restaurant (FSR), and others. According to the report, quick service restaurants (QSRs) accounted for the largest market share as they offer certain food items that require minimal preparation time and are delivered through quick services. Moreover, they focus more on menu innovation, customer convenience, and competitive pricing. The rising demand for fine dining among individuals across the globe is strengthening the growth of the market.
Railway dining is the meal served to passengers during the train journey from one place to another. It assists in providing convenience and enhances their overall experience. In addition to this, there is a rise in the demand for commercial kitchen appliances in the train kitchen compartment to offer high-quality and premium meals and food products to travelers.
The institutional canteen is designed to provide meals at institutions, such as schools, colleges, universities, hostels, nursing homes, day-care, and senior centers. It requires commercial kitchen appliances in the cafeterias to cater to the needs of students. It focuses majorly on encouraging proper health, hygiene, and nutrition of individuals and ensures the palatability of food.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for commercial kitchen appliances. The growing demand for commercial kitchen appliances due to the increasing number of restaurants, hotels, cafes, bars, resorts, and other food chains represents one of the key factors influencing the market positively in the region. In addition, the rising adoption of technologically advanced commercial kitchen appliances for smooth workflow and reduced wastage is supporting the growth of the market. Furthermore, the increasing popularity of different cuisines and changing lifestyle of people, along with the inflating income levels of individuals, is strengthening the growth of the market.
Alto-Shaam Inc.
American Range Corporation
Carrier Global Corporation
Duke Manufacturing Company
Electrolux AB
G.S. Blodgett Corporation (The Middleby Corporation)
Hamilton Beach Brands Inc.
Hoshizaki Corporation
Interlevin Refrigeration Ltd.
MEIKO Maschinenbau GmbH & Co. KG
The Vollrath Company LLC
True Manufacturing Co. Inc.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.