USD 36.04 Billion
Report ID:
SQMIG25Z2016 |
Region:
Global |
Published Date: January, 2025
Pages:
178
|Tables:
95
|Figures:
71
Global Commercial Cooking Equipment Market size was valued at USD 36.04 Billion in 2023 and is poised to grow from USD 37.44 Billion in 2024 to USD 54.35 Billion by 2032, growing at a CAGR of 4.8% in the forecast period (2025-2032).
The global commercial cooking equipment market growth is increasingly driven by health and environmental sustainability-related factors. Manufacturers are focusing on developing environmentally friendly appliances that reduce emissions, consume less energy, and meet the strict environmental regulations of the world as a result of the growing worldwide concerns about climate change. Advances include energy-efficient machinery and products using sustainable materials. They do not only benefit the environment but also cut down operating costs for businesses. Simultaneously, healthy cooking-practice promoting appliances are gaining ever greater importance among health-conscious customers. Air fryers, steam ovens, and induction cooktops, low-fat, nutrient-preserving alternatives to the conventional ways of cooking, are part of this development.
The industry is also moving towards modular and compact cooking equipment, to cater more to small and medium-sized foodservice businesses such as food trucks, smaller eateries, and cafés. For such small businesses, the requirements are equipment that can perform well using the maximum amount of kitchen space. As smart, connected cooking solutions provide greater control and efficiency in commercial kitchens, their adoption is increasing too. Considering everything else, the commercial cooking equipment market in a global scenario is predicted to grow as consumer preferences change, technological innovation takes place, and emphasis on sustainability is driving innovation, and thus there is an influence on the future of the sector.
Market snapshot - (2025-2032)
Global Market Size
USD 36.04 Billion
Largest Segment
Full-Service Restaurants
Fastest Growth
Quick-Service Restaurants
Growth Rate
4.8% CAGR
To get more reports on the above market click here to Buy The Report
The global commercial cooking equipment market is segmented into type, technology, application, and region. By type, the market is classified into ovens, cooktops & ranges, grills, fryers, cook-chill systems, broilers, steamers, and others. Depending on technology, it is divided into gas commercial cooking equipment, electric commercial cooking equipment, and induction cooking equipment. According to the application, the market is categorized into full-service restaurants, quick-service restaurants, and others. Regionally, the market is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Based on the 2024 global commercial cooking equipment market forecast, the ovens sector is projected to grow at the fastest pace. Commercial kitchens are equipped with ovens due to their versatility and ability to provide a wide variety of cooking applications, including baking, roasting, grilling, and slow cooking. Their strength in handling great volumes of foods and flexibility according to different food preparation methods puts them in key positions in almost all enterprises starting from restaurants through catering services, among others. Advances in combi and convection ovens, which greatly enhance the aspect of precision as well as in terms of efficacy and energy in cooking, provide further impetus for ovens in businesses.
Being central in direct heat cooking techniques such as sautéing, boiling, frying, and grilling, cooktops & ranges segment is expected to achieve a significant share in the global commercial cooking equipment market. These pieces of equipment are most sought in commercial kitchens for their versatility and ability to work well with any form of cooking. Professional cooks require effective temperature control, in which gas cooktops and electric ranges offer. Their demand in restaurants, lodging facilities, and catering services is still being driven by their versatility in terms of cookware and cooking techniques, coupled with improvements in energy efficiency and safety measures.
As per the 2024 global commercial cooking equipment market analysis, due to a high variety of activities within food preparation, the full-service restaurants category occupied the biggest market share in the global industry. High-service restaurants constantly offer an enormous selection of food, thereby requiring a comprehensive assortment of cooking equipment, such as deep fryers, grills, ovens, steamers, and many others. Restaurants also consider aesthetics, food quality, and the variety of their methods of food preparation, each of which requires good-quality versatile and efficient kitchen equipment. Moreover, due to the increased average expenditure per customer, FSRs are in a position to fulfill consumer demand for higher-quality food and service because they invest in more complex and specialized cooking equipment. Due to this continuous investment, the commercial cooking equipment market in the FSR segment is on the rise.
The growing demand from consumers for fast, accessible, and relatively affordable food options is expected to result in a rapid compound annual growth rate in the quick-service restaurants segment over the projected period. Fryers, grills, and cooktops are indispensable cooking equipment in QSRs, as they allow these chains to conduct mass-scale activities with ease and efficiency. The growing casual dining, fast food, and QSR businesses in various parts of the globe contribute to the increasing demand for commercial cooking appliances. Such companies require equipment that allows for faster cooking and assures consistent food quality, which consequently fuels the expansion of the market in the QSR category.
To get detailed analysis on other segments, Request For Free Sample Report
Due to the presence of many large market players and a well-developed food service industry, North America dominated the commercial cooking equipment market. Strict environmental regulations and an increased emphasis on sustainability have resulted in high demand for high-tech, energy-saving cooking equipment in the region. The United States is one of the most significant players in this expansion because of the high number of full-service and quick-service restaurants constantly updating their kitchen equipment to increase operational efficiency, reduce energy consumption, and satisfy changing customer expectations. North American customers' increasing preference for fine dining experiences is also accelerating the need for advanced cooking appliances.
The commercial cooking equipment market in Asia-Pacific is expanding at a high pace owing to growth factors including the growth in urbanization, disposable income growth, and rise of food service industries. It will provide ample need for conventional and contemporary cooking equipment to various markets including countries such as China, India, and Japan. The market is growing because of the increasing quick-service restaurant chains and new food service locations opening in cities. In addition, the demand for flexible, high-performance cooking equipment is increasing across the region as consumer preferences shift toward a broader range of cuisines and dining experiences, which is driving further market growth.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Rising Interest in Energy Efficiency
Increasing Demand for Speed and Quality from Customers
High Initial Investment
Maintenance and Repair Costs
Request Free Customization of this report to help us to meet your business objectives.
The global commercial cooking equipment market is highly competitive with a number of major competitors vying for market dominance through technical improvements, innovation, and strategic alliances. Leading producers with a broad variety of cooking equipment suited to different food service requirements, such as Ali Group, Middleby Corporation, and Welbilt, Inc., control the market. To cater to changing customer needs, business is emphasizing more on energy-efficient, intelligent, and sustainable technology, which has increased the competitiveness within the industry.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, technological advancement, the increased demand for energy-efficient solutions, and the growing demand for quality cooking appliances in various food service industries are pushing the global commercial cooking equipment industry to surge. Further influence on the dynamics of the market is predicted to be given using intelligent and environment-friendly kitchen appliances as sustainability continues to gain importance. Demand is spurred through the rising popularity of full-service and quick-service restaurants, cloud kitchens, and catering services. There are a few organizations which can experience difficulties such as higher starting investment cost expenditure and servicing to hinder progress in development. For all of that, the market should continue expanding. This shall further open an avenue for innovative strategies and maximization of business practices in food services.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 36.04 Billion |
Market size value in 2032 | USD 54.35 Billion |
Growth Rate | 4.8% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Commercial Cooking Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Cooking Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Cooking Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Cooking Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG25Z2016
[email protected]
USA +1 351-333-4748