Europe 900 Series Cooking Equipment Market: Growth Trends & Forecast (2020-2027)

European 900 Series Cooking Equipment Market: Analyzing Direct Changes, Technology Growth, and Human Extraction Landscape

Market assessment, key growth catalysts and opportunities

The European 900 Series Cooking Equipment market is valued at US$ 51.74 million in 2020 and expected to reach US$ 60.15 million by the end of 2027, growing at a compound annual growth rate (CAGR) of 1.9% during 2021-2027. The growth of the segment is mainly attributed to the rising adoption of modern cooking equipment in commercial kitchens, such as quick-service restaurants, high-end hotels, and other institutional caterers. These establishments are primarily looking for savings in labor costs, improving operational efficiency, and enhancing food safety.

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This new lifestyle of consumers who prefer to eat somewhere rather than at their own homes and with the fame of the creative cooking and baking, restaurant visits has increased. As a result, restaurants are now purchasing diverse cooking equipment to provide better services, which in turn drives the market. Besides, the growing popularity of bigger as well as open kitchen areas in fast-food chains for demonstration of food preparation and well-equipped areas is one of the factors accelerating the growth of the market.

THIS TIME: U.S. MARKET TRENDS AND INVESTMENT

The U.S. market for commercial cooking equipment witnessed solid growth in 2024 with all the technology and energy efficiency that was in the industry at that time. The market size wasUSD 36.04 billion in 2023 and expected to expand from USD 37.44 billion in 2024 to USD 54.35 billion by 2032 reflecting the CAGR of 4.8% (2024-2032)

The growth in this market is primarily attributed to the increasing need for energy-efficient and technologically advanced commercial kitchen appliance due to growing number of commercial kitchens.

Market Segmentation & Dominant Shareholders

In 2019, full-service restaurants followed by quick service restaurants and hotels represented the largest segment within the European 900 Series Cooking Equipment Market and accounted for the majority of market share. There has been an upward trend in dining out at glamorous hotels across Europe, since the economy is recovering post recession and its getting a bit easier for people to live a better lifestyle. Such establishments are providing a wide range of food and beverage along with other facilities like lodging and luxury services, which is further leading to demand for better cooking equipment.

Competitive Analysis

The global commercial cooking equipment market is fragmented in nature, with the presence of numerous key players innovating to remain competitive. Among them, the top five companies have the largest market shares are:

AB Electrolux: A major global appliance company, Electrolux has prioritized sustainability and innovation. They have launched energy-efficient cooking appliances and some investments have been done in smart kitchen technologies to improve user experience.

Ali Group SRL - Ali Group is a leading global foodservice equipment member company and has expanded its product portfolio by developing solutions through acquisitions and investments in research and development in order to introduce cutting-edge cooking solutions.

Illinois Tool Works Inc. (Vulcan): ITW is the owner, under the Vulcan brand, of commercial cooking equipment, investing in new technologies to provide new levels of energy efficiency and performance to meet the dynamic needs of the changing commercial kitchen landscape.

Middleby Corporation- Middleby has been leading the charge on innovation, bringing automation and IoT-enabled cooking equipment to not only improve kitchen efficiency but to also reduce costs of operations.

Welbilt Inc. - The company specializes in flexible cooking and energy-efficient cooking equipment. With rising demand for high-performance kitchen appliances, the company has been focusing on the development of innovative & technologically advanced products.

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Regional Analysis

United States - The U.S. commands considerable portion of the overall commercial cooking equipment market, owing to a mature foodservice industry and constant investments in innovative kitchen technologies. The introduction of energy-efficient cooking equipment is also further facilitated by the support offered by the government in terms of efficiency and initial costs.

United Kingdom: Bucking market growth in the country is a strong hospitality sector and a sustainability trend. The rise in demand for modernized cooking equipment is mainly due to the government policies that promote energy-efficient appliances.

Germany: Germany boasts a robust economy and an appreciation for technological advancement that has been fueling significant growth in its commercial cooking equipment sector. Such growth has only been enhanced by the federal government backing energy efficient technologies.

France: Due to France having a combination of a rich culinary culture and high tourism, they are also leading the demand for advanced cooking devices. The expansion of the market has also been aided by gainful initiatives from the government that help the hospitality nature.

Japan: The land of technology and advanced equipment has also adapted itself in the field of cuisine. In addition, the growth of the market is additionally benefitted by the government focus on energy preservation.

China - With the vibrant foodservice market and urbanization in China, and improvement in discretionary income, there is a growth in demand for commercial cooking equipment in this region. Also, the impact of government polices on encouraging domestic manufacturing and technological innovation has been important.

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Conclusion

The European 900 Series Cooking Equipment Market is set to witness steady growth on account of an expanding foodservice industry along with increasing demand for energy efficient and technologically driven cooking solutions. Endless opportunities are still to be tapped through constant innovation, Shrewd investments and local market dynamics. Sustainable, energy-efficient brands with a focus on emerging technology will have the best chance to thrive over the next few years.

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