openPR Logo
Press release

Commercial Cooking Equipment Market to Touch $11.7 Million by 2023, at a CAGR of 3.8%

03-25-2020 02:00 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Commercial Cooking Equipment Market

Commercial Cooking Equipment Market

"Modern commercial cooking equipment have replaced conventional ones, owing to increased safety, and enhanced reliability. Moreover, growth in hospitality industry in the developing countries and launch of new energy-efficient products have boosted the market growth."

Global commercial cooking equipment market was valued at $9,105 million in 2016, and is projected to reach $11,740 million by 2023, growing at a CAGR of 3.8% from 2017 to 2023. The oven segment is expected to maintain its dominance throughout the forecast period. North America accounted for the highest share of 36% in 2016, and is anticipated to maintain this trend throughout the analysis period

For Purchase Enquiry:

Commercial cooking equipment are popularly used in restaurants, hotels, and fast-food centers. In addition, they facilitate easy preparation and preservation of food. Growing number of restaurants, and hotels is attributed to rapid urbanization and globalization, which in turn is expected to boost the commercial cooking equipment market growth. Moreover, rise in health consciousness among consumers and increased demand for healthy and tasty food drive the market growth. However, price of commercial cooking equipment, and volatile prices of raw materials negatively impact the market. Irrespective of these challenges, launch of eco-friendly and energy efficient cooking equipment for commercial kitchen to address the concerns of depletion of natural resources such as LPG and others, is anticipated to unfold opportunities for the market growth.

The report incorporates the study of commercial cooking equipment designed to be used primarily in the food service industry. The market is segmented based on type into braising pans/ tilting skillets, broilers/ char broilers/ grills/ griddles, cook-chill systems, fryers, ovens, cookers, ranges, kettles, steamers, and others. In 2016, the oven segment accounted for the highest revenue of the global commercial cooking equipment market, and is expected to maintain its dominance throughout the forecast period. This is attributed to its widespread application of these equipment in food service and food processing industries. Moreover, increase in demand for combi ovens due to their versatile usage, launch of ovens with sustainable technology, and introduction of smarter features drive the market growth. In addition, increase in the number of quick service restaurants and rise in inclination of people toward ready-to-eat products drive the market growth of ovens.

The market is segmented based on end user into full service restaurant & hotels, quick service, and catering service. In 2016, the quick-service restaurants segment accounted for about 56% share of the global commercial cooking equipment market. This is attributed to increasing inclination of consumers toward new cuisines at a reasonable cost and rise in adoption of new technologies for preparing quick-served food, which fuels the market growth. In addition, upsurge in shopping centers at business hubs globally has led to the proliferation of quick service restaurants. Moreover, factors such as changing lifestyle, eating out trend, and rise in number of working women boost the market growth.

The market is classified based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the majority of the global revenue in 2016, and is expected to maintain its dominance during the forecast period, followed by Europe and Asia-Pacific. This is attributed to the surge in the number of fast food outlets owing to busy & hectic lifestyle, increase in number of working women, and rise in eating out expenditure.

Access Full Report:

Key Findings of the Commercial Cooking Equipment Market:
o In 2016, the oven segment dominated the global commercial cooking equipment market, and is projected to grow at a CAGR of 4.3% during the forecast period of 2017 - 2023
o The quick service restaurants segment dominated the global commercial cooking market in 2016, and is estimated to grow at a CAGR of 4.4% from 2017 - 2023
o North America accounted for the highest market share in 2016, and is anticipated to grow at a CAGR of 2.7% during the forecast period
o The Asia-Pacific segment is expected to grow at a significant CAGR of 5.4%.

The key players operating in the global commercial cooking equipment market have focused on expanding their business operations in emerging countries with the launch of new products. The major players profiled in this report include 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., AB Electrolux, and Rational AG.

Download Sample Copy:


Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Food and Beverages Market:
Follow Us on LinkedIn:

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Cooking Equipment Market to Touch $11.7 Million by 2023, at a CAGR of 3.8% here

News-ID: 1984021 • Views: 278

More Releases from Allied Market Research

Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market Expected to Reach $7.05 …
According to a new report published by Allied Market Research, titled, “Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market by Product, Age Group, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global Diphtheria, Tetanus, and Pertussis Vaccine market was valued at $ 4,758.8 million in 2019 and is expected to reach $ 7,054.4 million by 2027, with a CAGR of 5.1% from 2020-2027. The DTaP segment accounted for major
Burn Care Market Expected to Reach $3,134 Million by 2027
According to a new report published by Allied Market Research, titled, “Burn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027. Click Here To Access Free Sample Report: Burns are injuries
Drug Delivery Devices Market projected to Cross $26.7 Billion by 2026
Drug Delivery Devices Market size was valued at $19 billion in 2018, and is expected to reach $26.7 billion by 2026, registering a CAGR of 4.3% from 2019 to 2026. Drugs are used to improve health and to extend lives. However, the medications can be taken in various ways, including by swallowing, by absorption, by inhalation, through the skin, and by intravenous injection. For this, the drug delivery devices are developed,
Pharmaceutical Filtration Market on Position to Hit $7.74 Billion by 2026
Pharmaceutical filtration is defined as a filtration process to separate suspended particles from a medium or solution by passing them through a membrane. They reduce or eliminate the bacteria or other microorganisms in process components. The filtration process can be combined with other pharmaceutical manufacturing operations. Pharmaceutical filters are used in the production of small molecule ingredients such as active pharmaceutical ingredients (APIs) and pharmaceutical excipients. In addition, it is

All 5 Releases

More Releases for Commercial

Commercial Construction in Indonesia
Commercial Construction in Indonesia Overview "Commercial Construction Market in Indonesia: Market Size, Growth and Forecast Analytics to 2021" contains historic and forecast market data for the commercial construction market in Indonesia, with a detailed breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition) and by cost type( construction materials, construction equipment and construction services). This report also contains overall values of the commercial construction segments such as
commercial refrigerator
"On the initiative of Şeyda Yalçın, buzrefrigeration which is based on Buzçelik brand (1982); began to serve refrigeration sector to provide products and consultancy in Buzcelik Company located in Konya Industry Area. Our company, which owns commercial refrigerators, industrial cooling systems, shop and market equipments and commercial ovens, having developed its portfolio in a short time has delivered service quality to all world, especially Israel, England, Tunisia, Lebanon, France, Germany. " "On
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at
Commercial Janitorial Supplies
Residential or commercial spaces that are clean and sanitized definitely offer your visitors a pleasant experience and augment the beauty of your environment. Commercial janitorial supplies refer to a whole range of products that make your light and heavy duty cleaning tasks easy. Products to Serve your Cleaning Needs Owing to the advancements in technology, stylish and handy cleaning devices and safe cleaning chemicals are readily available in the market.
Commercial Washing Machines
Spectrum Garment Finishing Equipments Pvt. Ltd. Since in the year 1985, is a manufacturer, exporter and supplier of Industrial Washing Machines, Pressing Machines, Laundry Machines, Hydro Extractors, Drying Tumblers, Dry Cleaning Machines, Washer Extractors, Flat Bed Press, Flat Work Ironer, Stain Removing Machines and Steam Finishing Machines, etc. With over 25 years of engineering expertise, one can be assured of getting the best equipment in the market that will
Iceland - Commercial property market
After sharp increases in commercial property prices last year, the market will grow calmer next year. A cool down in the economy, high interest rates and a vast increase in supply will lead to a slowdown in activity. Growth in service sector - higher concentration of property in the Reykjavik area and both new and old core areas have been growing. There are signs of a slowdown in demand in