Major Force in the Commercial Catering Equipment Market 2025: Rising Restaurant Numbers Propel Growth In The Commercial Catering Equipment

How Will the Commercial Catering Equipment Market Grow, and What Is the Projected Market Size?
The market size for commercial catering equipment has seen substantial expansion in recent years. The predicted growth is from $12.03 billion in 2024 to $12.81 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the historic period include an increase in disposable income, an expanding global hospitality and tourism industry, urban migration leading to greater demand for food services, a heightening need for commercial catering equipment in food services like restaurants, and an increase in the number of cafes, quick-service outlets, and restaurants.

In the upcoming years, the commercial catering equipment market is predicted to experience significant expansion, reaching a market size of $16.25 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. Factors driving growth during this forecast period include heightened focus on sustainability, increased requirement for equipment that promotes hygiene and safeguards food, the rising trend of cloud kitchens, growing urbanization, and escalating energy prices. The coming period will see key trends such as the usage of the Internet of Things (IoT) in commercial kitchen appliances, innovation to create more energy-efficient equipment, the development of machines with enhanced sanitization capabilities, the introduction of cutting-edge technologies like molecular gastronomy, and intelligent kitchen solutions.

What Are the Main Catalysts for Growth in the Commercial Catering Equipment Market?
The expanding quantity of dining establishments is anticipated to fuel the commercial catering equipment market's upward trajectory. Restaurants, which prepare and serve meals and drinks to consumers for a fee, are increasing in number due to a growing trend for eating out, shifting consumer tastes, and evolving lifestyles. Commercial catering equipment is critical for restaurants to function effectively, maintain high food standards, ensure safety, and manage costs efficiently. For instance, data from the US-based National Restaurant Association in November 2024 highlighted a significant surge in the number of restaurants in 2023 - a total of 749,404 establishments. This reflected a growth of 5.7% compared to 2022. Consequently, the increasing number of restaurants propels the commercial catering equipment market.

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Who Are the Major Industry Players Fueling Commercial Catering Equipment Market Expansion?
Major companies operating in the commercial catering equipment market are Middleby Corporation, Franke Holding AG, Hoshizaki Corporation, Welbilt Inc., Electrolux Professional AB, Rational AG, Bizerba SE & Co. KG, ITW Food Equipment Group, Henny Penny Corporation, Fagor Industrial, Hatco Corporation, Alto-Shaam Inc., Lincat Limited, Imperial Commercial Cooking Equipment, Turbo Air Inc., MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG, Robot Coupe, Waring Commercial, Kent Catering Equipment, Koolmax Group Ltd.

Which Key Developments Are Influencing the Commercial Catering Equipment Market?
To adapt to the shifting needs of the food service sector, key players in the commercial catering equipment market are creating novel products, including hot holding cabinets. A hot holding cabinet, also referred to as a hot box or warming cabinet, is a device utilized in commercial kitchens to maintain food's heated condition safely before being served. An example of this is the UK-based firm Lincat which introduced Invoq ovens in April 2024, in partnership with high-end commercial oven manufacturer HOUNÖ. These ovens are expected to redefine standards in commercial kitchens as they offer novel features and a design specifically tailored to meet the fluctuating requirements of the culinary sector.

How Is the Segmentation of the Commercial Catering Equipment Market Defined?
The commercial catering equipment market covered in this report is segmented -

1) By Type: Food Handling Equipment, Refrigeration Equipment, Food Preparation Equipment, Other Types
2) By Sales Channel: Offline, Online
3) By Application: Restaurants, Hotels, Other Applications

Subsegments:
1) By Food Handling Equipment: Trolleys And Carts, Serving Trays, Food Storage Containers, Transport Equipment
2) By Refrigeration Equipment: Commercial Refrigerators, Freezers, Display Chillers, Ice Machines
3) By Food Preparation Equipment: Mixers And Blenders, Food Processors, Slicers And Grinders, Ovens And Grills, Fryers
4) By Other Types: Dishwashing Equipment, Cooking Ranges And Stoves, Ventilation And Exhaust Systems, Coffee Machines And Beverage Dispensers

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What Is the Leading Region in the Commercial Catering Equipment Market?
North America was the largest region in the commercial catering equipment market in 2024. The regions covered in the commercial catering equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Commercial Catering Equipment Global Market Report?

- Market Size Analysis: Analyze the Commercial Catering Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commercial Catering Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Commercial Catering Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Catering Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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