Food and Beverages

Commercial Kitchen Appliances Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Released Year : November 2023

Format :Pdf Ppt Xls

Report ID:KR287

Author : Saket A.

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Base Year

2022

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Forecast Year

2023-2030

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Historical Years

2018-2021

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Market Value (2022)

USD 93.95 Billion

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Forecasted Value (2030)

USD 149.70 Billion

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CAGR (2023 – 2030)

6.0%

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Fastest Growing Region (2023 - 2030)

Middle East & Africa

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Largest Region

North America

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By Product Type

Refrigerators, Cooking Appliances, Dishwasher, Ovens, Others

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By Application

FSR (Full-Service Restaurant), QSR (Quick Service Restaurant), Resort and Hotel, Hospitals, Others


Market Perspective

The global Commercial Kitchen Appliances Market was valued at USD 93.95 billion in 2022 and is projected to reach USD 149.70 billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030.

The commercial kitchen appliances market primarily caters to the foodservice industry, including restaurants, hotels, cafes, catering services, and institutional kitchens. This market encompasses a wide range of appliances designed for professional cooking and food preparation. These appliances include ovens, grills, fryers, refrigerators, freezers, dishwashers, and food processors, among others. The demand for commercial kitchen appliances is driven by the growing number of foodservice establishments and the need for efficient and high-quality equipment.

Additionally, advancements in technology have led to the development of energy-efficient appliances that help reduce operating costs for businesses in the foodservice industry. Overall, the commercial kitchen appliances market plays a crucial role in supporting the growth and success of the foodservice industry.

Analyst’s Review on Commercial Kitchen Appliances Market

The demand for drive-through meals, the fast-paced lifestyle in metropolises and cosmopolitan cities, the rise in the proportion of working women and nuclear families, and the rise in disposable income of individuals are some of the other factors propelling the market for commercial kitchen appliances. Drive-through dinners have become a common alternative as consumers seek out solutions that are convenient. Besides this, people are continuously looking for ways to make meals quickly and effectively, which adds to the need for commercial kitchen appliances in metropolises and cosmopolitan towns.

However, with the rise of female employment and prevalence of nuclear families, cooking habits have undergone a significant transformation. Additionally, the availability of pre-packaged and ready-to-cook meals has made it easier for busy individuals to manage their cooking responsibilities without sacrificing taste and nutrition.

Market Definition

Commercial kitchen appliances refer to a specialized category of kitchen equipment and appliances designed and built for use in professional foodservice settings such as restaurants, hotels, catering companies, cafeterias, and institutional kitchens. These appliances are distinct from their residential counterparts in terms of their capacity, durability, performance, and often their features. They are specifically designed to handle the high demands and rigorous conditions of a commercial kitchen, where they are expected to operate continuously and withstand heavy use.

Commercial kitchen appliances are typically larger and more powerful than residential ones, allowing chefs and kitchen staff to prepare large quantities of food efficiently. Additionally, they often come with advanced features such as temperature control, multiple cooking zones, and specialized functions to meet the specific needs of professional chefs and culinary establishments.

Market Dynamics

Integration of smart technology into commercial kitchen appliances is a burgeoning opportunity. This includes IoT enabled appliances that offer remote monitoring and control, predictive maintenance, and data analytics to improve efficiency and reduce operational costs for businesses. These smart appliances can also provide real-time inventory tracking, allowing businesses to easily manage their supplies and reduce waste. Moreover, the integration of smart technology enables appliances to learn and adapt to the specific needs of a commercial kitchen, optimizing cooking times and temperatures for consistent and high-quality results. With the potential for energy savings and improved productivity, it is clear that the integration of smart technology in commercial kitchen appliances is revolutionizing the food service industry.

Ongoing maintenance and repair expenses for commercial appliances can be substantial. Frequent use in a demanding kitchen environment can lead to wear and tear, requiring regular servicing and replacement of parts. Additionally, the high temperatures and heavy usage can cause components to deteriorate more quickly, increasing the need for routine maintenance. Furthermore, neglecting these necessary repairs can result in costly breakdowns and potential safety hazards, making it essential for businesses to allocate a sufficient budget for ongoing appliance maintenance. Ultimately, investing in regular servicing and replacement of parts can extend the lifespan of commercial appliances and save businesses from the financial burden of unexpected repairs.

Segmentation Analysis

The global commercial kitchen appliances market is segmented based on product type, application, and geography.

By product type, the refrigerator segment accounted for the largest revenue share in the commercial kitchen appliances market. This can be attributed to the increasing demand for energy-efficient and technologically advanced refrigerators. Moreover, the rising disposable income and changing lifestyles have also fueled the growth of the refrigerator market. With consumers becoming more health conscious and the need for food preservation, the refrigerator segment is expected to continue its dominance in the market.

By application, the quick service restaurants segment accounted for the lion's share in 2022. This growth was primarily driven by the increasing demand for convenient and fast food options among the urban population. Additionally, the adoption of digital ordering platforms and delivery services further boosted the growth of the quick service restaurants segment. With busy lifestyles and hectic schedules becoming the norm, consumers are increasingly turning to quick service restaurants for their meals, making it a lucrative market for players in the food industry.

Geographical Analysis

Based on region, the global commercial kitchen appliances market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

North America is expected to register a significant market share in 2022. This can be attributed to the high adoption rate of advanced technologies and the presence of key market players in the region. Additionally, the growing demand for innovative solutions and the increasing investments in research and development activities are further driving the market growth in region. With these factors in place, it is anticipated that North America will continue to dominate the market in the coming years.

On the other hand MEA is expected to register the highest CAGR during the forecast period owing to the rapid urbanization and industrialization in the region. The Middle East and Africa have witnessed significant growth in various sectors such as construction, manufacturing, and automotive, which has created a demand for energy and infrastructure development. Additionally, governments in the region are focusing on renewable energy sources and sustainable development, further driving the growth of the MEA market.

Competitive Landscape

The global commercial kitchen appliances industry report will provide valuable insight with an emphasis on the fragmented nature of the global market. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their respective market shares across different regions. Expansion & investments involve a range of strategic initiatives including investments in R&D activities, new manufacturing facilities, and supply chain optimization. The major players in the commercial kitchen appliances market are

  • Middleby Corporation
  • Electrolux AB
  • Midea Group
  • Hobart Corporation
  • Blodgett Oven Company
  • Hatco Corporation
  • Garland Group
  • Hoshizaki Corporation
  • Vollrath Company LLC
  • Traulsen & Company LLC

Key Developments

  • February 2023 (Launch) – Midea showcased its latest innovations at The NAFEM Show 2023, the premier event for food service equipment and supplies. The company introduced its highly advanced FlashChef High Speed Oven, Scan&Go Microwave, and commercial induction cooktops series, which are designed to effectively address the diverse needs of the food service industry.
  • September 2021 (Partnership) - The Middleby Corporation completed the acquisition of Imperial Commercial Cooking Equipment, a prominent manufacturer of a wide range of commercial kitchen products including ranges, fryers, ovens, countertop equipment, and specialty cooking products. This strategic acquisition further strengthens The Middleby Corporation's position in the commercial cooking equipment sector and expands its portfolio of high-quality products for the foodservice industry.

The global Commercial Kitchen Appliances Market is segmented as:

By Product Type

  • Refrigerators
  • Cooking Appliances
  • Dishwasher
  • Ovens
  • Others

By Application

  • FSR (Full-Service Restaurant)
  • QSR (Quick Service Restaurant)
  • Resort and Hotel
  • Hospitals
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
CHOOSE LICENCE TYPE
CUSTOMIZATION OFFERED
  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global commercial kitchen appliances market is projected to reach USD 149.70 billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030.
The global commercial kitchen appliances market was valued at USD 93.95 billion in 2022.
The integration of smart technology enables appliances to learn and adapt to the specific needs of a commercial kitchen, optimizing cooking times and temperatures for consistent and high-quality results.
Top manufacturers of commercial kitchen appliances market are Middleby Corporation , Electrolux AB , Midea Group , Hobart Corporation , Blodgett Oven Company, Hatco Corporation, Garland Group, Hoshizaki Corporation, Vollrath Company LLC, Traulsen & Company LLC, and others.
MEA is the fastest growing region in the forecasted period (2023-2030).
By product type, the refrigerator segment will hold the maximum share in the commercial kitchen appliances market in 2030.
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