According to the latest report by IMARC Group, “Global Commercial Kitchen Appliances Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global commercial kitchen appliances market reached a value of US$ 87.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 129.04 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027.
Commercial kitchen appliances include freezers, refrigerators, icemakers, ranges, ovens, grills, microwaves, broilers, slicers, food processors, blenders, mixers, grinders, burners, toasters, griddles, deep fryers, dishwashers, display food warmers, etc. They are utilized in the commercial kitchens of resorts, hotels, hospitals, institutional canteens, full-service restaurants (FSRs), etc., to help increase the work efficiency, ease food preservation, reduce wastage, etc. Commercial kitchen appliances also aid in space management and improve the cooking speed and overall customer experience.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
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Commercial Kitchen Appliances Market Trends and Drivers:
The expanding hospitality sector is primarily driving the commercial kitchen appliances market. In addition to this, the rising number of quick-service restaurants (QSRs), which rely on commercial kitchen appliances, such as speed ovens, to produce large quantities of food in less time, is further catalyzing the market growth.
In line with this, QSR chains are adapting to local tastes and incorporating multi-cuisine food preparations in their menu, on account of the increasing popularity of eclectic and foreign cuisines among consumers, which is acting as another significant growth-inducing factor.
Moreover, the key players focusing on the development of eco-friendly and energy-efficient commercial kitchen appliances, which is also positively influencing the global market. Besides this, the inflating concerns towards food safety and the growing tourism industry are anticipated to fuel the commercial kitchen appliances market over the forecasted period.
Global Commercial Kitchen Appliances Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alto-Shaam Inc., American Range Corporation, Carrier Global Corporation, Duke Manufacturing Company, Electrolux AB, G.S. Blodgett Corporation (The Middleby Corporation), Hamilton Beach Brands Inc., Hoshizaki Corporation, Interlevin Refrigeration Ltd., MEIKO Maschinenbau GmbH & Co. KG, The Vollrath Company LLC and True Manufacturing Co. Inc.
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The report has segmented the market on the basis of region, type, distribution channel and application.
Breakup by type:
- Cooking Appliances
- Cooktop and Cooking Ranges
Breakup by Distribution Channel:
Breakup by Application:
- Quick Service Restaurant (QSR)
- Railway Dining
- Institutional Canteen
- Resort and Hotel
- Full Service Restaurant (FSR)
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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