Commercial Kitchen Appliances Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 42.76 Billion |
| Market Size (2029) | USD 56.49 Billion |
| CAGR (2024 - 2029) | 5.73 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Commercial Kitchen Appliances Market Analysis
The Commercial Kitchen Appliances Market size is estimated at USD 42.76 billion in 2024, and is expected to reach USD 56.49 billion by 2029, growing at a CAGR of 5.73% during the forecast period (2024-2029).
The market for commercial kitchen appliances is flourishing. Commercial kitchen appliances include ovens, refrigerators, and culinary utensils that are utilized in restaurants. Commercial kitchen appliances are used for cooking, cleaning, and storing in restaurants, hotels, and clubs. Due to shifting customer preferences for outside food, a rise in the working population, and lifestyle changes, restaurants are becoming more and more popular. In addition, the expanding hospitality sector, growing apprehensions over food safety, and a growing inclination towards quick-service restaurants relative to full-service restaurants are all expected to fuel market expansion.
Additionally, technical advancements in the food service sector, such as the introduction of cutting-edge new goods and reasonably priced, energy-efficient commercial kitchen appliances, are anticipated to create a wide range of growth prospects in the years to come. The market for commercial kitchen appliances did, however, start to rebound as eateries and other food service businesses started to reopen. To adhere to new safety and sanitary regulations, many restaurants are investing in new kitchen equipment, such as touchless technologies and enhanced air filtering systems.
Commercial Kitchen Appliances Market Trends
The Introduction Of Smart Kitchen Appliances
There is an increased demand for smart kitchen appliances due to the rising awareness about smart homes and technology. The combination of IoT and AI kitchen appliances offers many features that make users' lives more accessible. The integrated technologies in kitchen appliances help analyze data, identify patterns, and save energy consumption, which is aimed at environmental preservation because consumers are aware of the global warming effects and climate change; customers demand eco-friendly and energy-efficient products like intelligent kitchen appliances, which optimize energy consumption through automation.
North America Is Witnessing Highest Growth Among All Regions
- North America generated the highest revenue in the commercial kitchen appliances market, and it is expected to witness this growth in the forecast period. The growth in this region is mainly attributed, owing to the high spending capacity of the people starting a restaurant business. The new entrants in the restaurant business are purchasing a range of commercial cookware to improve the menu and also raise the kitchen performance, which is fuelling the growth of the market.
- Furthermore, the increasing number of food trucks and fast-food joints in this region is also fuelling the market growth. Other factors supporting market growth in North America include different eating habits, the increasing popularity of different cuisines, and a multicultural environment.
Commercial Kitchen Appliances Industry Overview
The commercial kitchen appliances market is capital-intensive and fragmented, as numerous players compete with one another to uphold their place in the market. The industry is dynamic in nature, with rapid technological advancements. The players are increasingly investing in innovating their product offerings. Some of the major players in the commercial kitchen appliances market include Electrolux, Meiko International, Falcon Professional Kitchen L.L.C, Carrier Corporation, and Rational AG.
Commercial Kitchen Appliances Market Leaders
-
AB Electrolux
-
Carrier Corporation
-
Meiko International
-
Falcon Professional Kitchen L.L.C
-
Duke Manufacturing Company
*Disclaimer: Major Players sorted in no particular order
Commercial Kitchen Appliances Market News
- In April 2023, Carrier announced its acquisition of Viessmann Climate Solutions for Euro 12 billion (USD 13.11 billion) in a combination of cash and stock, directly issued to the Viessmann Group, with a promise of long-term ownership. The strategic initiatives aim to reshape the company's business portfolio, positioning Carrier as a dominant global player solely focused on innovative climate and energy solutions
- In November 2023, Hamilton Beach, a pioneer of innovation for a century, made its debut in the UK market. Among its offerings is the Hamilton Beach Professional Juicer Mixer Grinder, a collaboration with Indian culinary experts and a product that has garnered sales exceeding 1 million units globally.
Commercial Kitchen Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technological Innovations in Commercial Kitchen Appliances
4.7 Insights on Consumer Behavior Analysis
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Refrigerators
5.1.2 Cooking Appliances
5.1.3 Cooktop and Cooking Ranges
5.1.4 Ovens
5.1.5 Dishwashers
5.1.6 Other Types
5.2 By Application
5.2.1 Quick Service Restaurant (QSR)
5.2.2 Railway Dining
5.2.3 Institutional Canteen
5.2.4 Resort and Hotel
5.2.5 Hospital
5.2.6 Full Service Restaurant (FSR)
5.2.7 Other Applications
5.3 By Geography
5.3.1 North America
5.3.2 South Amercia
5.3.3 Asia-Pacific
5.3.4 Europe
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Ali Group
6.2.2 American Range
6.2.3 Carrier Corporation
6.2.4 Electrolux
6.2.5 Fagor Group
6.2.6 Hamilton Beach
6.2.7 Hobart
6.2.8 Hoshizaki Corporation
6.2.9 Interlevin Refrigeration Ltd
6.2.10 Rational AG
6.2.11 Meiko International
6.2.12 Southbend
6.2.13 Falcon Group
6.2.14 Duke Manufacturing Company
6.2.15 Vulcan
6.2.16 The Vollrath Company LLC*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
Commercial Kitchen Appliances Industry Segmentation
The commercial kitchen appliance is one of the integral parts of launching your food joint or similar food outlets. There are multiple items required in a workplace, from large appliances such as refrigeration items and ovens to comparatively smaller ones like mixers and pans.
The commercial kitchen appliances market is segmented by type, application, and geography. By type, the market is sub-segmented into refrigerators, cooking appliances, cooktop and cooking ranges, ovens, dishwashers, and other types. By application, the market is sub-segmented into quick-service restaurants (QSR), railway dining, institutional canteen, resort and hotel, hospitals, full-service restaurants (FSR), and other applications. By geography, the market is sub-segmented into North America, South America, Asia-Pacific, Europe, and Middle East & Africa.
The report offers market size and forecasts for the commercial kitchen appliances market in terms of revenue (USD) for all the above segments.
| By Type | |
| Refrigerators | |
| Cooking Appliances | |
| Cooktop and Cooking Ranges | |
| Ovens | |
| Dishwashers | |
| Other Types |
| By Application | |
| Quick Service Restaurant (QSR) | |
| Railway Dining | |
| Institutional Canteen | |
| Resort and Hotel | |
| Hospital | |
| Full Service Restaurant (FSR) | |
| Other Applications |
| By Geography | |
| North America | |
| South Amercia | |
| Asia-Pacific | |
| Europe | |
| Middle East & Africa |
Commercial Kitchen Appliances Market Research FAQs
How big is the Commercial Kitchen Appliances Market?
The Commercial Kitchen Appliances Market size is expected to reach USD 42.76 billion in 2024 and grow at a CAGR of 5.73% to reach USD 56.49 billion by 2029.
What is the current Commercial Kitchen Appliances Market size?
In 2024, the Commercial Kitchen Appliances Market size is expected to reach USD 42.76 billion.
Who are the key players in Commercial Kitchen Appliances Market?
AB Electrolux, Carrier Corporation, Meiko International, Falcon Professional Kitchen L.L.C and Duke Manufacturing Company are the major companies operating in the Commercial Kitchen Appliances Market.
Which is the fastest growing region in Commercial Kitchen Appliances Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Commercial Kitchen Appliances Market?
In 2024, the North America accounts for the largest market share in Commercial Kitchen Appliances Market.
What years does this Commercial Kitchen Appliances Market cover, and what was the market size in 2023?
In 2023, the Commercial Kitchen Appliances Market size was estimated at USD 40.31 billion. The report covers the Commercial Kitchen Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Kitchen Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
How is the Commercial Kitchen Appliances Market Segmented?
The Commercial Kitchen Appliances Market is Segmented by a) Type: Refrigerators, Cooking Appliances, Cooktop and Cooking Ranges, Ovens, Dishwashers b) Application: Quick Service Restaurant (QSR), Railway Dining, Institutional Canteen, Resort and Hotel, Hospital, Full-Service Restaurant (FSR)
What are the key factors driving the Commercial Kitchen Appliances Market growth?
The key factors driving the Commercial Kitchen Appliances Market growth are a) Growing popularity of quick-service restaurants (QSRs) b) Expansion of the hospitality industry c) Increasing concern for food safety d) Technological advancements in kitchen equipment
Commercial Kitchen Appliances Industry Report
The global commercial kitchen appliances market is witnessing remarkable growth, primarily driven by factors such as a flourishing travel and tourism industry, increased popularity of Quick Service Restaurants (QSRs) among millennials, and a heightened demand for commercial home appliances. To meet shifting consumer trends and respond to heightened spending on tourism and hospitality, restaurant owners are investing in infrastructure improvements and heightened service provision, leading to substantial growth in the commercial kitchenware market. Technological advancements, particularly the development of smart kitchen appliances equipped with sensors and advanced connectivity features that enable interaction with handheld devices, are playing a pivotal role in market expansion. Demand for energy-efficient commercial kitchen equipment is growing across major market segments. North America dominates the commercial kitchen appliances market owing to its high spending capacity, vast number of restaurants and food businesses, and rapid technological adoption. Comprehensive statistics about the market share, size, and revenue growth rate of the Commercial Kitchen Appliances market, including a market forecast outlook and historical overview, have been compiled by Mordor Intelligence™ Industry Reports. For a more detailed glimpse into this industry analysis, a free report PDF download is available for a sample of this comprehensive market study.
Commercial Kitchen Appliances Market Report Snapshots
