Commercial Cooking Equipment Market current trends and top key players, 2017-2023

The global commercial cooking equipment market has constantly evolved in the recent years. It presents potential opportunities for market players. Several companies have focused on launching newer, innovative energy-efficient equipment to expand their market shares and acquire new markets. At present, advanced energy-efficient commercial cooking equipment, such as combi ovens, have gained momentum in the global commercial cooking equipment market, owing to the better safety, time & labor efficiency, and reliability offered by these ovens as compared to conventional ovens.

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In the recent years, numerous changes have been observed in the commercial cooking equipment installed in various commercial kitchens. The adoption of automated foodservice solutions replaces traditional cooking equipment in large kitchens. The introduction of electricity-based stoves and burners would provide energy-efficient solutions to hotels and restaurants. At present, there is a notable increase in the demand for processed/frozen fast food due to the rise in demand for readymade food, change in lifestyles, and surge in disposable incomes, which further boost the demand of commercial cooking equipment.

Global Commercial Cooking Equipment Market accounted for $9,105 million in 2016, and is expected to reach $11,740 million by 2023, registering a CAGR of 3.8% from 2017 to 2023. Commercial cooking equipment play a vital role in the food service & processing industry. Cooking equipment, such as ovens and fryers, are used to prepare numerous raw & cooked food items. These equipment are popularly used in restaurants, hotels, and other commercial kitchens for ease in food preparation, increase in food safety, and reduction in labor & operational cost.

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Market Definition & Scope

The report incorporates the study of commercial cooking equipment. Equipment such as convection oven, combi oven, fryers and others designed to be used mainly in the food service industry (restaurants, hotels, cafes, bakery and similar others) are considered under the scope of study. However, industrial cooking equipment such as batch ovens, continuous ovens, belt ovens, conveyor oven & fryers, pressure fryers have not been considered under the scope.

End user segment is further divided into full service restaurants, quick service restaurants, and catering service. Restaurants/food outlets covered under each type are as follows:

Full service restaurants include traditional or fine dining restaurants.
Quick service restaurants include take away, fast food outlets, food trucks, bars & pubs, bakery, and cafeteria.
Catering service include food services provided for events, such as business meetings, social gatherings, or functions at various locations such as hospital, school, and corporate office.

Key Benefits

The report provides an extensive analysis of the factors that drive and restrain the global commercial cooking equipment market.
The factors affecting the growth and projections of the market are provided for the period of 20162023.
The report provides quantitative & qualitative trends to assist stakeholders to understand the regional trends.
Competitive intelligence of the industry highlights the business practices followed by key market players across the globe.

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Market Players in the Value Chain

Ali S.p.A.
Illinois Tool Works Inc.
Duke Manufacturing Co. Inc.
The Middleby Corporation
Alto-Shaam, Inc.
Edward Don & Company
Fujimak Corporation
Manitowac Company Inc.
Rational AG
AB Electrolux

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