Press release
Commercial Kitchen Appliances Market to Reach USD 160.05 Bn by 2030, Growing at a CAGR of 6.7% from 2024
Commercial Kitchen Appliances Market
The global commercial kitchen appliances market is on a robust growth trajectory. Valued at USD 101.65 Billion in 2023, it is projected to reach USD 138.57 Billion by 2030, expanding at a CAGR of 6.7% from 2024 to 2030. Fueled by rapid urbanization, evolving culinary preferences, and growing hospitality sectors, the market is witnessing explosive demand for energy-efficient, technologically advanced equipment.
► Competitive Landscape
Key players such as Electrolux AB, Ali Group Srl, Rational AG, Illinois Tool Works, Middleby Corporation, and Welbilt Inc. are innovating to meet the evolving needs of the hospitality, foodservice, and institutional sectors. These companies are focusing on AI integration, IoT-enabled appliances, and sustainable manufacturing processes.
Asia Pacific dominates the global market in terms of demand, owing to expanding hotel chains, cloud kitchens, and quick-service restaurants in India, China, and Southeast Asia.
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► Commercial Kitchen Appliances Market Regional Insights
🔍 United States: Smart Appliance Growth in the U.S. Market
The U.S. remains a technological innovator in the kitchen appliance sector, with smart kitchen solutions and energy-efficient systems gaining traction across restaurants and institutional kitchens. Companies such as Middleby Corporation and Welbilt Inc. are integrating AI, touchless operations, and data-driven maintenance systems into their commercial offerings.
Asia Pacific: Growth & Opportunity in Asia Pacific's Hospitality Boom
Asia Pacific leads the global market due to the fast-growing middle class, rising tourism, and thriving food delivery ecosystem. Countries like India, China, and Indonesia are investing heavily in commercial-grade equipment to support the rise of cloud kitchens and quick-service restaurants.
Europe: Trends and Updation in Europe's Culinary Tech Market
Europe is witnessing a surge in smart commercial kitchen appliances adoption, especially in Germany, France, and the UK. Sustainability and hygiene are top priorities, pushing demand for automated sanitization and energy-saving equipment.
M&A and Recent Developments:
Electrolux merged its foodservice division with Ali Group in 2024 to improve global logistics and tech integration.
The EU Green Deal is spurring innovation, with government subsidies boosting adoption of low-emission appliances.
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► Mergers, Acquisitions, and Key Recent Developments
Haier Smart Home acquired Carrier's Commercial Refrigeration business in December 2023. The deal was valued at approximately USD 640 million, reinforcing Haier's presence in the global refrigeration market.
The Middle by Corporation, a major industry player, completed the acquisition of Marco Beverage Systems in 2023, strengthening its beverage equipment segment.
Samsung Electronics joined the bid for Johnson Controls' HVAC division in March 2024, showing its expansion strategy into commercial-grade climate solutions. This aligns closely with kitchen environments that require HVAC integration.
Panasonic expanded its partnership with Fresco, a smart kitchen platform provider, in January 2024-focusing on enhancing user experience and appliance connectivity.
► Commercial Kitchen Appliances Market Segmentation
by Product
Single-Phase Commercial Kitchen Appliances
Three-Phase Commercial Kitchen Appliances
The market for commercial kitchen appliances is divided into segments such as dishwashers, cooking appliances, refrigerators, and other specialty equipment. Ovens, cooktops and ranges, and other cooking appliances are further sub-segments of the cooking appliance segment. With a nearly 101.65 bn market share in 2023, the refrigerator industry had the largest revenue share and is expected to increase rapidly over the next several years.
by Type
Commercial
Industrial
Residential
Others
For deeper market insights, peruse the summary of the research report:
https://www.maximizemarketresearch.com/market-report/global-commercial-kitchen-appliances-market/103639/
► Commercial Kitchen Appliances Market Key Players
1.Bakers Pride
2.G.S. Blodgett Corporation
3.Garland Group
4.Vulcan
5.Bonnet International
6.Ali Group
7.True Manufacturing
8.AB Electrolux
9.Carrier Corporation
10.Meiko International
11.Falcon Professional Kitchen L.L.C.
12.Duke Manufacturing Company
13.Monnit Corporation
14.American Range
15.Hamilton Beach Commercial
16.Interlevin Refrigeration Ltd.
17.Universal Steel Industries Pte Ltd.
18.Other Key Players
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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