Commercial Cooking Equipment Market Size (USD 19.24 Bn) by 2032 By Type (Commercial Gas Stoves, Commercial Microwaves, Charbroilers and Griddles, Commercial Ovens, Others), By Applications Covered (Restaurant, Hotels, Others) and Regional Forecast to 2032

Commercial Cooking Equipment Market Size

Commercial Cooking Equipment Market was valued at USD 12.84 billion in 2023 and is projected to reach USD 13.43 billion in 2024, eventually growing to USD 19.24 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2024 to 2032.

The US Commercial Cooking Equipment Market is expected to witness significant growth due to the expanding foodservice industry, technological advancements in smart kitchen appliances, and the increasing focus on energy-efficient cooking solutions across the region.

Commercial Cooking Equipment Market Growth and Future Outlook

The global commercial cooking equipment market is experiencing robust growth, driven by increasing demand from the hospitality and food service sectors. As the food service industry expands, the need for efficient, reliable, and innovative commercial cooking equipment is on the rise. Commercial cooking equipment includes ovens, fryers, grills, steamers, and other kitchen appliances designed for high-volume food preparation in restaurants, hotels, and institutional kitchens. This market is critical for ensuring the operational efficiency of these food establishments, and its growth is expected to continue at a steady pace.

The commercial cooking equipment market is projected to grow significantly over the coming years. A key factor driving this growth is the rising number of restaurants, cafes, and food service outlets worldwide. The expanding tourism industry, urbanization, and changing lifestyles are also contributing to the increasing demand for commercial cooking equipment. Urban areas, in particular, are seeing a surge in the number of dining establishments, which are increasingly adopting advanced cooking equipment to enhance food quality and reduce cooking times.

Another important factor fueling the growth of the commercial cooking equipment market is the trend toward energy efficiency and sustainability. Many manufacturers are now developing eco-friendly cooking appliances that consume less energy and produce fewer emissions. As governments around the world introduce stricter environmental regulations, the demand for energy-efficient cooking equipment is expected to rise. This trend is particularly strong in developed regions such as North America and Europe, where there is a growing focus on reducing the carbon footprint of commercial kitchens.

The increasing popularity of cloud kitchens and food delivery services is also playing a significant role in the growth of the commercial cooking equipment market. Cloud kitchens, which operate solely for food delivery and do not have a dine-in facility, require advanced cooking equipment to ensure quick service and high food quality. As more consumers opt for food delivery services, the demand for specialized cooking equipment designed for cloud kitchens is expected to increase.

In addition to these trends, technological advancements in cooking equipment are driving market growth. Smart kitchen appliances, which can be controlled remotely via smartphones or tablets, are becoming increasingly popular in the commercial cooking equipment market. These appliances offer features such as precise temperature control, automated cooking processes, and real-time monitoring, which help improve the efficiency and consistency of food preparation. As technology continues to evolve, it is expected to have a profound impact on the commercial cooking equipment market.

The future outlook for the commercial cooking equipment market is promising, with strong growth expected in both developed and emerging markets. In developed regions, the focus will be on upgrading existing equipment to more energy-efficient and technologically advanced models. Meanwhile, in emerging markets such as Asia-Pacific and Latin America, the rapid expansion of the food service industry is expected to drive demand for commercial cooking equipment. The increasing number of quick-service restaurants and fast-food chains in these regions will further boost market growth.

In conclusion, the commercial cooking equipment market is poised for significant growth in the coming years, driven by factors such as the increasing number of food service outlets, the demand for energy-efficient appliances, and advancements in cooking technology. With strong growth expected across various regions, this market presents numerous opportunities for manufacturers and suppliers of commercial cooking equipment.

Commercial Cooking Equipment Market Trends

Several key trends are shaping the commercial cooking equipment market, and understanding these trends is essential for businesses operating in this space. One of the most prominent trends is the growing demand for energy-efficient and sustainable equipment. As businesses in the food service industry seek to reduce their operational costs and minimize their environmental impact, energy-efficient cooking equipment has become a priority. Manufacturers are responding to this trend by developing appliances that use less energy while maintaining high performance. This trend is expected to continue as energy prices rise and environmental concerns grow.

Another significant trend in the commercial cooking equipment market is the increasing adoption of smart kitchen appliances. Smart kitchen technology allows food service operators to monitor and control their cooking equipment remotely, improving operational efficiency and reducing the risk of equipment failure. For example, smart ovens can adjust cooking times and temperatures automatically based on the type of food being prepared, ensuring consistent results every time. As technology continues to advance, smart appliances are expected to play an even larger role in the commercial cooking equipment market.

The rise of cloud kitchens and ghost kitchens is another major trend influencing the commercial cooking equipment market. These kitchens, which are dedicated to food delivery services, have specific equipment needs, such as high-capacity ovens and fryers that can handle large volumes of food. As the demand for food delivery continues to grow, so too will the demand for specialized commercial cooking equipment designed for cloud kitchens.

Sustainability and food safety are also major trends driving innovation in the commercial cooking equipment market. Many manufacturers are focusing on developing equipment that not only conserves energy but also improves food safety by incorporating features such as automated cleaning systems and temperature monitoring. These features help ensure that food is prepared safely and hygienically, reducing the risk of contamination and foodborne illnesses.

Market Dynamics

The commercial cooking equipment market is influenced by several dynamic factors, including economic conditions, technological advancements, and evolving consumer preferences. These factors interact to shape the overall growth trajectory of the market.

Drivers of Market Growth

The key drivers of growth in the commercial cooking equipment market include the expanding food service industry and the increasing demand for energy-efficient appliances. The growth of the restaurant and hospitality sectors is directly linked to the demand for commercial cooking equipment, as more food establishments require efficient, durable appliances to meet their needs. Additionally, rising energy costs and growing environmental awareness are pushing businesses to invest in energy-efficient equipment, which not only reduces operational expenses but also helps them meet regulatory requirements.

Market Restraints

Despite the strong growth potential, the commercial cooking equipment market faces several challenges. One of the primary restraints is the high cost of advanced cooking equipment. Many small and medium-sized food service businesses struggle to afford the latest technology, which can limit their ability to upgrade their kitchens. Additionally, the need for regular maintenance and repair of commercial cooking equipment can increase operational costs, further constraining market growth.

Market Opportunities

There are several opportunities for growth in the commercial cooking equipment market. One of the most significant is the growing demand for specialized equipment in cloud kitchens and food delivery services. As more consumers opt for food delivery, the need for high-capacity, efficient cooking equipment designed specifically for these operations is expected to increase. Additionally, emerging markets in Asia-Pacific and Latin America present significant opportunities for market expansion as the food service industry in these regions continues to grow.

Market Challenges

The commercial cooking equipment market also faces several challenges, including supply chain disruptions and fluctuating raw material prices. These challenges can impact the cost of manufacturing and distributing cooking equipment, leading to higher prices for end-users. Additionally, the rapidly changing technology landscape can be a challenge for manufacturers, who must continuously innovate to stay competitive in the market.

Segmentation Analysis

The commercial cooking equipment market is segmented based on type, application, and distribution channel. This segmentation analysis helps in understanding the diverse product offerings and the demand for these products across different end-use industries and regions. Market segmentation also highlights the growth potential in specific categories, allowing manufacturers and suppliers to target their efforts more effectively.

Segmenting the commercial cooking equipment market by type, application, and distribution channel provides a comprehensive view of the industry landscape, helping businesses tailor their products and marketing strategies to meet the needs of specific customer groups. By identifying key growth areas, companies can focus their resources on expanding product lines, entering new markets, and optimizing distribution channels.

Segment by Type

The commercial cooking equipment market is segmented by type into various categories, including ovens, grills, fryers, steamers, and cooktops. Each type of cooking equipment serves a specific purpose in commercial kitchens, and the demand for these products varies depending on the type of food service establishment. Ovens are a vital component of most commercial kitchens, used for baking, roasting, and slow cooking, and are available in various models such as convection, combi, and deck ovens. Grills, often used in fast-food chains and casual dining restaurants, are essential for preparing grilled meats and vegetables, making them popular in establishments with high customer turnover.

Fryers, which include deep fryers and air fryers, are in high demand in quick-service restaurants and cloud kitchens, where fried foods such as French fries, chicken wings, and fish are staples. Steamers are increasingly being used in health-conscious food establishments that prioritize cooking methods that preserve nutrients and reduce fat content. Cooktops, which can include electric, gas, and induction models, are another crucial category of commercial cooking equipment, allowing chefs to prepare a variety of dishes simultaneously.

The growth of each type of commercial cooking equipment is influenced by trends in the food service industry, such as the increasing popularity of fast-casual dining, the rise of health-conscious menus, and the growing demand for energy-efficient cooking appliances.

Segment by Application

Commercial cooking equipment is used in various applications across the food service industry, including restaurants, hotels, institutional kitchens, catering services, and cloud kitchens. Restaurants make up the largest application segment for commercial cooking equipment, as they require high-capacity, durable appliances that can withstand the rigors of daily use. Quick-service and fast-casual restaurants, in particular, are significant consumers of cooking equipment such as fryers, grills, and ovens, as these establishments need to prepare food quickly while maintaining consistent quality.

Hotels represent another important application segment, especially high-end establishments that offer fine dining experiences. These establishments often require specialized cooking equipment, such as combi ovens and sous-vide machines, to meet the expectations of their clientele. Institutional kitchens, including those in hospitals, schools, and corporate cafeterias, also represent a significant share of the commercial cooking equipment market. These kitchens often require large-scale appliances that can prepare food in bulk while adhering to strict hygiene and safety standards.

Catering services and cloud kitchens are growing application segments, driven by the increasing demand for food delivery services. Cloud kitchens, in particular, rely on high-capacity, energy-efficient equipment to prepare food quickly and maintain food quality during delivery. As food delivery continues to grow in popularity, the demand for commercial cooking equipment designed specifically for cloud kitchens is expected to rise.

By Distribution Channel

The distribution of commercial cooking equipment is primarily segmented into direct sales, distributors, and online channels. Direct sales are the most common distribution method, especially for large-scale purchases made by hotels, restaurants, and institutional kitchens. In this channel, manufacturers sell their products directly to end-users, often providing customized solutions and after-sales support. Direct sales are particularly important for businesses that require tailored equipment to meet their specific needs.

Distributors play a key role in the commercial cooking equipment market, acting as intermediaries between manufacturers and smaller food service establishments. Distributors often carry a wide range of products from multiple manufacturers, allowing customers to compare and choose the best options for their kitchens. This distribution channel is especially popular among small and medium-sized businesses that may not have the resources to purchase directly from manufacturers.

The online distribution channel is rapidly gaining traction, driven by the growing trend of e-commerce. Many manufacturers and distributors now offer their products through online platforms, making it easier for customers to research and purchase commercial cooking equipment. Online channels are particularly popular among smaller food service businesses and startups, as they often offer competitive pricing, product reviews, and convenient delivery options.

Commercial Cooking Equipment Market Regional Outlook

The commercial cooking equipment market exhibits strong growth potential across various regions, driven by the expansion of the food service industry, increasing urbanization, and evolving consumer preferences. The regional outlook for the commercial cooking equipment market is positive, with growth opportunities emerging in both developed and developing markets.

North America

North America is a dominant region in the commercial cooking equipment market, primarily due to the well-established food service industry and the high adoption of advanced cooking technologies. The presence of major quick-service restaurant chains, as well as the growing trend toward energy-efficient and smart kitchen appliances, is driving market growth. The U.S. is the largest market in the region, accounting for a significant share of the demand for commercial cooking equipment.

Europe

Europe is another key market for commercial cooking equipment, driven by the growing trend of sustainability and energy efficiency. Many European countries have stringent regulations regarding energy consumption and environmental impact, which has led to an increased demand for eco-friendly cooking appliances. In addition, the rise of food delivery services and cloud kitchens in Europe is contributing to the growth of the market.

Asia-Pacific

Asia-Pacific is expected to be the fastest-growing region in the commercial cooking equipment market, driven by rapid urbanization, the expansion of the food service industry, and the increasing number of quick-service restaurants. Countries such as China, India, and Japan are witnessing a surge in the number of dining establishments, which is boosting demand for commercial cooking equipment. The region also presents significant growth opportunities for manufacturers due to the increasing adoption of Western cooking techniques and equipment.

Middle East & Africa

The Middle East & Africa region is experiencing steady growth in the commercial cooking equipment market, driven by the expansion of the hospitality and tourism industries. The growing number of hotels and restaurants, particularly in the Gulf Cooperation Council (GCC) countries, is driving demand for commercial cooking equipment. Additionally, the increasing trend toward food delivery services is contributing to market growth in this region.

List of Key Commercial Cooking Equipment Companies Profiled

• Ali Group: Headquarters in Italy, with revenue of €3 billion in 2022.
• Illinois Tool Works (ITW): U.S.-based, with revenue of $15.9 billion in 2022.
• Middleby Corporation: Headquarters in the U.S., with revenue of $4 billion in 2022.
• Welbilt Inc.: U.S.-based, with revenue of $1.5 billion in 2022.
• AB Electrolux: Based in Sweden, with revenue of $14.5 billion in 2022.
• Alto-Shaam: Headquarters in the U.S., with revenue of $200 million in 2022.
• Avantco Equipment: Based in the U.S., privately held with an estimated revenue of $150 million in 2022.
• Duke Manufacturing: U.S.-based, with revenue of $300 million in 2022.
• FUJIMAK Corporation: Japan-based, with revenue of ¥50 billion in 2022.
• RATIONAL AG: Based in Germany, with revenue of €1 billion in 2022.
• Standex International: U.S.-based, with revenue of $786 million in 2022.
• The Vollrath Company: U.S.-based, with revenue of $600 million in 2022.
• Waring Commercial: Based in the U.S., with revenue of $250 million in 2022.

Covid-19 Impacting Commercial Cooking Equipment Market

The Covid-19 pandemic had a profound impact on the commercial cooking equipment market, reshaping demand patterns, supply chains, and overall market dynamics. As governments worldwide imposed strict lockdowns and social distancing measures, the food service industry, a key driver of the commercial cooking equipment market, faced significant challenges. Restaurants, hotels, and catering services were forced to either close or operate at reduced capacity, leading to a sharp decline in the demand for new commercial cooking equipment during the pandemic’s peak.

One of the most notable effects of Covid-19 on the commercial cooking equipment market was the sudden drop in sales as food establishments cut back on capital expenditures. Many restaurants and hotels, particularly small and medium-sized enterprises (SMEs), struggled to survive amid reduced customer traffic, leading them to postpone or cancel plans to upgrade or purchase new equipment. This sharp decline in demand had a ripple effect across the supply chain, with manufacturers experiencing reduced production volumes and distributors facing excess inventory.

In addition to reduced demand, the pandemic disrupted global supply chains, causing delays in the manufacturing and distribution of commercial cooking equipment. Travel restrictions, factory shutdowns, and labor shortages led to increased lead times for both raw materials and finished products. As a result, manufacturers faced difficulties meeting delivery schedules, leading to further challenges in meeting the needs of the food service industry.

However, the pandemic also created new opportunities for growth in the commercial cooking equipment market. With many restaurants shifting to a delivery and takeout model, the demand for specialized cooking equipment, such as high-capacity fryers and ovens, saw an uptick. Cloud kitchens, which operate exclusively for food delivery, experienced a surge in demand during the pandemic, as more consumers turned to food delivery services. This trend is expected to continue post-pandemic, further driving demand for commercial cooking equipment designed for cloud kitchens.

Moreover, the pandemic accelerated the adoption of smart kitchen technologies, which allow food service operators to monitor and control their cooking equipment remotely. With the need to minimize physical contact and ensure food safety, many establishments turned to automation and smart appliances to streamline operations. The growing interest in contactless cooking technologies, combined with the increasing focus on hygiene and safety, has boosted demand for equipment with advanced features such as automated cleaning systems and touchless controls.

In the long term, the Covid-19 pandemic is expected to lead to a permanent shift in the commercial cooking equipment market, with a growing emphasis on automation, energy efficiency, and sustainability. As food service establishments recover from the pandemic and adapt to the new normal, there will be increased demand for equipment that can enhance operational efficiency and meet evolving health and safety standards.

Investment Analysis and Opportunities

The commercial cooking equipment market presents numerous investment opportunities for manufacturers, distributors, and investors, driven by the expansion of the food service industry and the growing demand for energy-efficient, technologically advanced appliances. As the market continues to evolve, investment in research and development (R&D) and innovation is crucial for companies looking to stay competitive and capitalize on emerging trends.

One key area of investment is in the development of energy-efficient and sustainable cooking equipment. With rising energy costs and increasing environmental regulations, there is a growing demand for appliances that consume less energy and produce fewer emissions. Manufacturers that invest in developing eco-friendly products are well-positioned to meet this demand and gain a competitive edge in the market. This includes appliances that use alternative energy sources, such as induction cooking technology, which is more energy-efficient compared to traditional gas or electric models.

Another investment opportunity lies in smart kitchen technology. The integration of Internet of Things (IoT) technology into commercial cooking equipment is transforming the way food service establishments operate. Smart appliances allow for remote monitoring, real-time data analysis, and automated processes, all of which help improve operational efficiency and reduce costs. As more businesses in the food service industry adopt these technologies, manufacturers that invest in developing smart kitchen appliances will be able to capture a growing share of the market.

Investments in cloud kitchen infrastructure also offer significant growth potential. Cloud kitchens, also known as ghost kitchens, have become increasingly popular due to the rise of food delivery services. These kitchens require specialized equipment designed for high-capacity, quick food preparation. Companies that invest in providing tailored solutions for cloud kitchens can benefit from the growing demand for delivery-focused food service operations.

In addition to technological advancements, investment in expanding distribution channels is crucial for reaching new markets. Online distribution channels, in particular, are becoming more important as food service businesses increasingly turn to e-commerce platforms to purchase commercial cooking equipment. Companies that invest in developing user-friendly, informative e-commerce websites and partnering with online distributors can reach a wider audience and increase sales.

Lastly, emerging markets in regions such as Asia-Pacific, Latin America, and the Middle East present significant investment opportunities for commercial cooking equipment manufacturers. As urbanization continues and the food service industry expands in these regions, there is growing demand for modern, efficient cooking equipment. Companies that invest in establishing a strong presence in these emerging markets can benefit from the increasing number of restaurants, hotels, and food delivery services.

5 Recent Developments

1. Increased Focus on Energy Efficiency: The commercial cooking equipment market has seen a significant push toward energy-efficient appliances, driven by rising energy costs and stricter environmental regulations. Manufacturers are investing in R&D to develop products that reduce energy consumption while maintaining high performance. This includes the introduction of induction cooktops, energy-efficient ovens, and eco-friendly fryers.
2. Rise of Smart Kitchen Appliances: One of the most notable recent developments in the commercial cooking equipment market is the growing adoption of smart appliances. These appliances, equipped with IoT technology, allow for remote control, real-time monitoring, and automated cooking processes. As the demand for automation and operational efficiency increases, more food service establishments are integrating smart kitchen appliances into their operations.
3. Expansion of Cloud Kitchens: The rise of food delivery services has led to the rapid expansion of cloud kitchens, which rely heavily on specialized commercial cooking equipment. Cloud kitchens are designed to handle high food production volumes, and manufacturers are introducing products tailored to the unique needs of these kitchens, such as high-capacity fryers and ovens.
4. Technological Advancements in Food Safety: The commercial cooking equipment market is witnessing advancements in food safety technologies, with manufacturers incorporating features such as automated cleaning systems and temperature monitoring into their products. These innovations help ensure that food is prepared safely and hygienically, reducing the risk of contamination.
5. Growth in Online Distribution Channels: The Covid-19 pandemic accelerated the shift toward online purchasing, and this trend has continued in the commercial cooking equipment market. Manufacturers and distributors are increasingly offering their products through e-commerce platforms, providing customers with a convenient way to research and purchase equipment online.

REPORT COVERAGE

The report on the commercial cooking equipment market offers comprehensive coverage of various aspects of the industry, including market size, growth trends, competitive landscape, and key market drivers. The report provides detailed insights into market segmentation, covering type, application, and distribution channels, and analyzes the impact of key trends, such as the rise of smart kitchen technology and the shift toward energy-efficient appliances.

In addition to market analysis, the report includes a detailed overview of the competitive landscape, profiling key players in the commercial cooking equipment market. This includes information on company strategies, product portfolios, recent developments, and market share. The report also examines the impact of the Covid-19 pandemic on the market, highlighting the challenges and opportunities that have emerged as a result of the pandemic.

Furthermore, the report provides a regional analysis of the commercial cooking equipment market, covering North America, Europe, Asia-Pacific, and the Middle East & Africa. This analysis includes a detailed examination of the growth potential in each region, as well as the factors driving demand for commercial cooking equipment.

The report also includes an investment analysis, highlighting key areas for potential growth, such as energy-efficient appliances, smart kitchen technology, and cloud kitchens. This section provides valuable insights for manufacturers, investors, and other stakeholders looking to capitalize on emerging opportunities in the market.

NEW PRODUCTS

The commercial cooking equipment market is seeing the introduction of several new products designed to meet the evolving needs of the food service industry. One of the key trends driving product innovation is the demand for energy-efficient and eco-friendly appliances. Manufacturers are introducing a range of new products that use less energy and reduce emissions, such as induction cooktops, which are more energy-efficient than traditional gas and electric models.

In addition to energy efficiency, there is a growing demand for smart kitchen appliances that can be controlled remotely and offer real-time monitoring. Several manufacturers have launched new smart ovens, grills, and fryers equipped with IoT technology. These appliances allow food service operators to adjust cooking times and temperatures remotely, monitor equipment performance, and receive alerts in case of malfunctions. The growing popularity of automation in commercial kitchens is expected to drive further innovation in this area.

The rise of cloud kitchens has also spurred the development of new high-capacity cooking equipment designed to handle large volumes of food. Manufacturers are introducing products such as high-capacity fryers and combi ovens that are specifically tailored to the needs of cloud kitchens and food delivery services. These appliances are designed for quick cooking times and consistent food quality, making them ideal for high-demand environments.

Food safety is another key focus of new product development in the commercial cooking equipment market. Manufacturers are launching products with advanced food safety features, such as automated cleaning systems and temperature monitoring. These features help ensure that food is prepared safely and reduce the risk of contamination, which is especially important in institutional kitchens and large-scale food service operations.

REPORT SCOPE

The report on the commercial cooking equipment market offers a detailed examination of the industry’s scope, covering a wide range of topics related to market growth, trends, and competitive dynamics. The scope of the report includes an analysis of the market’s segmentation by type, application, and distribution channel, providing insights into the diverse product offerings and demand across different segments.

The report also provides a comprehensive regional analysis, covering key markets such as North America, Europe, Asia-Pacific, and the Middle East & Africa. This analysis includes a detailed examination of market growth drivers, challenges, and opportunities in each region, helping stakeholders identify potential areas for expansion.

In addition to market segmentation and regional analysis, the report covers key trends shaping the commercial cooking equipment market, such as the rise of smart kitchen technology, the growing demand for energy-efficient appliances, and the impact of the Covid-19 pandemic on the industry. The report also includes an investment analysis, highlighting opportunities for growth in areas such as cloud kitchens and online distribution channels.

The scope of the report extends to a detailed competitive analysis, profiling key players in the commercial cooking equipment market and examining their strategies, product offerings, and market share. This section provides valuable insights for businesses looking to understand the competitive landscape and identify potential partnerships or acquisition targets.