Commercial Cooking Equipment Market Worth $12,948.1 Million by 2027

The global commercial cooking equipment market was valued at $10,680.0 million in 2019 and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027.

Commercial cooking equipment provides ease of food preparation in addition to food safety in commercial kitchens. Commercial cooking equipment majorly consist of braising pans, kettles, cook-chill system, oven, and fryers, which are used to cook food products for commercial purposes. This equipment are widely adopted in caterings, full-service restaurants, quick-service restaurants, for the preparation and storage of various cuisines. The rise in business-related travel and increase in the number of food joints such as hotels & restaurants are the major factors that fuel the growth of the foodservice industry, which, in turn, drives the demand for commercial cooking equipment.

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Innovations in commercial cooking equipment boost the adoption of commercial cooking equipment worldwide. Moreover, shift toward modular kitchens with advanced features propels the demand for cooking commercial cooking equipment. However, the negative impact of COVID-19 on the food service industry has hampered the sales of commercial cooking equipment market. On the contrary, surge in demand for energy-efficient & cost-effective products, rise in trend of cloud kitchen, and increase in demand for bespoke units are expected to offer remunerative opportunities for the growth of the commercial cooking equipment market during the forecast period.

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The global commercial cooking equipment market is segmented into product type, end use, and region. By product type, it is classified into braising pans/tilting skillets, broilers/charbroilers/grills/griddles, cook-chill systems, fryers cookers. ranges, kettles , steamers, ovens, and others. Depending on end use, it is divided into full-service restaurants, quick service restaurants, and catering. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa , Saudi Arabia, and rest of LAMEA).

The major players profiled in this report include Duke Manufacturing Co. Inc., Electrolux, Dover Corporation, Illinois Tool Works (ITW), Inc., Ali Group S.r.l., Welbilt, Inc., Middleby Corporation, Alto-Shaam, Inc., Comstock-Castle Stove Co., Inc., and Atosa USA,. Inc.

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KEY MARKET SEGMENTS

By Product Type

Braising Pans/Tilting Skillets
Broilers/Char Broilers/Grills/Griddles
Cook-chill Systems,
Fryers
Cookers
Ranges
Kettles
Steamers
Ovens
Others

By End-use

Full-Service Restaurants
Quick-Service Restaurants
Caterings

Similar Reports :

Cloud Kitchen Market: https://reports.valuates.com/market-reports/ALLI-Manu-0O30/cloud-kitchen-industry

Home Appliances Market: https://reports.valuates.com/market-reports/QYRE-Auto-1992/global-home-appliance

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This release was published on openPR.