Global Commercial Kitchen Appliances Market Report and Forecast 2024-2032

Global Commercial Kitchen Appliances Market Size

The global commercial kitchen appliances market attained a value of nearly USD 86.06 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.9% to reach a valuation of about USD 156.98 billion by 2032.

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Commercial Kitchen Appliances Market Growth

Rapid Growth in Quick Service Restaurants Segment to Propel the Market Growth of Commercial Kitchen Appliances

Based on the end uses, the quick service restaurants segment is projected to witness robust market growth during the forecast period. This is on account of the surging trend of foreign quick service restaurant chains trying to appeal to local food preferences, especially in the Asia Pacific. A huge number of international chains as well as local players are expanding their businesses into the Asia Pacific region and adapting menus for a local edge, which aids the growth of the commercial kitchen appliances market.

Indian restaurants are offering consolidated multi-cuisine food preparations, like Mexican, Italian, and Continental, in their food menu. A surging number of consumers experiencing new foods and building a taste for different cuisines is further driving the growth of the quick-service restaurants segment in the market. Moreover, the regional quick-service restaurant brands are likely to expand. Casual dining brand outlets are entering more new geographies which are further expected to boost the demand for the commercial kitchen appliances market across the globe over the coming years.

Commercial Kitchen Appliances Market Trends

Rising demand for eco-friendly appliances is a crucial trend in commercial kitchen appliances market. These appliances can reduce the environmental impact as well as operational costs, driving their demand in the commercial sectors.

Recent Developments

As per the commercial kitchen appliances market dynamics and trends, V-Guard Consumer Products (VCPL) announced that it is commencing the commercial production of kitchen appliances such as gas stoves and mixer grinders. Its manufacturing facility has a capacity of around 7 lakh units per annum for mixer grinders and 3.60 lakh units per annum for stoves.

Industry Outlook

As per the commercial kitchen appliances industry analysis, in 2019, the total fast-food restaurants in the US were 194,395 ranging from ice cream parlours to sandwich shops. Fast-food restaurants in the country earned USD 278.6 billion in revenue in 2021. Market players such as McDonald’s, Starbucks, and Taco Bell, among others, dominate the market share in the country. As per the data published by Centers for Disease Control, one-third of Americans consume fast food at any given time. This high demand for fast food boosts the quick service restaurants demand, further contributing to the market growth.

According to the industry stats from Unilever, the Asia Pacific region was the market for hospitality in 2020, followed by North America. The hospitality sector in India accounted for around 7.5% of the country’s GDP. The total revenue from the hospitality sector in India was expected to reach USD 7.66 billion in 2023. The restaurant industry in the country was growing at a rate of 7% per year. These data showcase a surge in the hotels and restaurants in the country which fuels the growth of the commercial kitchen appliances industry.

Zomato, a food delivery provider, announced in December 2023 that it aims to enter the catering business through the employment of its restaurant and food chain partners. The company also launched a multi-cart option for its customers which will allow them to order from several restaurants at the same time. This trend is expected to contribute positively to the commercial kitchen appliances industry revenue.

Growth in the Hospitality Industry and Technological Advancements Drive the Success of the Global Commercial Kitchen Appliances Market Share

• Growth in the hospitality industry boosts demand.

• Technological advancements in energy efficiency, automation, and smart appliances can aid commercial kitchen appliances demand growth.

• Rising demand for processed and ready-to-eat food.

• Expansion of cloud kitchens.

Challenges Impacting the Global Market Include High Initial Investment, Maintenance Costs, and Space Constraints

• High initial investment for purchasing advanced kitchen appliances.

• High maintenance and operating costs due to energy consumption and maintenance needs.

• Space constraints can restrict the use of large appliances and negatively impact commercial kitchen appliances demand forecast.

• Fluctuating raw material prices impacting manufacturing costs.

Key Trends Shaping the Global Market Focus on IoT Integration, Energy Efficiency, and Customization

• Integration of IoT and smart technologies for efficient kitchen management.

• Demand for energy-efficient and environmentally friendly appliances.

• Growing trend for customizable and modular kitchen solutions.

• Emphasis on appliances that promote better hygiene and food safety boosts the commercial kitchen appliances market value.

• Use of AI and automation for cooking precision and reducing labor costs.

Threats and Challenges in the Global Market Arise from Economic Slowdowns, Regulatory Compliance, and Intense Competition

• Reduced investment in hospitality during economic slowdowns.

• Rapid advancements requiring constant upgrades and innovation.

• Intense competition leading to pricing pressures and reduced margins can affect commercial kitchen appliances demand.

Key Players in the Global Market and Their Strategic Initiatives

Whirlpool Corporation

• Sustainability Initiatives: Whirlpool is committed to sustainability, focusing on developing energy-efficient and eco-friendly kitchen appliances to reduce environmental impact.

• Smart Technology Integration: Investing in IoT and smart technology to create connected kitchen appliances that offer enhanced control and convenience can increase commercial kitchen appliances market revenue.

• Global Expansion: Expanding its global footprint through strategic acquisitions and partnerships to enter new markets and strengthen its international presence.

Electrolux AB

• Innovation and Design: Emphasizing innovation and ergonomic design to enhance functionality and user experience in commercial kitchens.

• Professional Segment Focus: Targeting the professional segment with high-performance kitchen appliances tailored for restaurants, hotels, and catering services can aid demand of commercial kitchen appliances market.

• Sustainable Products: Developing products with a focus on sustainability, such as energy-efficient ovens and refrigerators that comply with global environmental standards.

Samsung Electronics Co., Ltd.

• Smart Kitchens: Pioneering the concept of smart kitchens with Wi-Fi-enabled appliances that can be controlled and monitored remotely via mobile devices.

• Innovation in Cooking Technology: Introducing advanced cooking technologies like convection, induction, and steam cooking to enhance culinary capabilities.

• Brand Collaboration: Partnering with renowned chefs and culinary institutions to co-develop and endorse their kitchen appliances boosts the commercial kitchen appliances industry development.

Rational AG

• Specialized Cooking Systems: Focused on developing specialized cooking systems like combi ovens that offer versatile cooking options and improve kitchen efficiency.

• User Training Programs: Providing extensive training programs for users to maximize the benefits of their high-tech cooking appliances.

• Sustainability Practices: Commitment to sustainability by producing energy-efficient appliances and reducing waste in the cooking process.

Middleby Corporation

• Technology Integration: Integrating advanced technologies like robotics and automation into kitchen appliances to improve efficiency and consistency can aid commercial kitchen appliances industry expansion.

• Energy and Water Efficiency: Designing appliances that use less water and energy to help commercial kitchens operate more sustainably.

• Expansion into Emerging Markets: Targeting emerging markets with affordable and durable kitchen appliances designed to meet local needs and conditions.

ITW Food Equipment Group

• Comprehensive Solutions: Providing a comprehensive range of kitchen equipment, from cooking appliances to refrigeration and warewashing solutions.

• Focus on Innovation: Continuously investing in R&D to bring innovative and high-performance kitchen appliances to the commercial kitchen appliances industry.

• Customer Support and Training: Offering extensive customer support and training programs to ensure optimal use and maintenance of their kitchen appliances.

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Commercial Kitchen Appliances Industry Segmentations

Commercial kitchen appliances are appliances that are utilised to create, store, and, to a certain degree, prepare food. These appliances can include everything from large refrigerators to sleek kitchen stoves. Currently, most of such appliances are electrical, however, some are still powered by gas.

By product type, the market is divided into:

• Refrigerator

• Cooktop and Cooking Range

• Induction

• Gas

• Electric

• Oven

• Convection

• Microwave

• Combination

• Dishwasher

• Others

Based on the end-use, the commercial kitchen appliances market is categorised into:

• Quick Service Restaurants (QSRs)

• Full-Service Restaurants (FSRs)

• Resorts and Hotels

• Institutional Canteens

• Hospitals

• Rail, Cruise, and Airways Catering

• Others

The EMR report looks into the regional markets of commercial kitchen appliances for Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global commercial kitchen appliances industry looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Middleby Corporation

• Carrier Global Corporation

• Electrolux Group

• Garland Group

• ITW Food Equipment Group

• Bonnet International

• Hoshizaki America, Inc.

• True Manufacturing Co., Inc.

• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives in-depth insights into the market, providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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Commercial Kitchen Appliances Market Regional Analysis

North America Holds a Significant Share in the Market Growth of Commercial Kitchen Appliances

North America holds a significant commercial kitchen appliances market share on account of the surging number of hotels, restaurants, and food businesses in the region. The surging utilisation of several forms of kitchen appliances in business spaces, coupled with the early acceptance and deployment of technologically advanced equipment is also driving growth. Moreover, the macroeconomic situation of North America is developing, which is further supporting the market demand across the region.

The rising focus of the food-service business on automated technology-enabled equipment across North America is likely to boost the commercial kitchen appliances market growth. Commercial cooking equipment manufacturers are developing IoT (Internet of Things) imbued new equipment and integrating new features to stay competitive in the industry, which is further supporting market growth.

Key Highlights of the Report

Commercial Kitchen Appliances Market Report Snapshots

Commercial Kitchen Appliances Market Size

Commercial Kitchen Appliances Market Growth

Commercial Kitchen Appliances Market Trends

Commercial Kitchen Appliances Companies

Commercial Kitchen Appliances Market Regional Analysis