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Base Year
Historical Year
Forecast Year
The global commercial kitchen appliances market attained a value of nearly USD 86.06 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.9% to reach a valuation of about USD 156.98 billion by 2032.
Global Commercial Kitchen Appliances Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 86.06 |
Market Size 2032 | USD Billion | 156.98 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.9% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 8.9% |
CAGR 2024-2032 - Market by Country | India | 14.7% |
CAGR 2024-2032 - Market by Country | China | 8.6% |
CAGR 2024-2032 - Market by Product Type | Cooktop and Cooking Range | 7.8% |
CAGR 2024-2032 - Market by End Use | Quick Service Restaurants (QSRs) | 7.9% |
Market Share by Country 2023 | Canada | 2.3% |
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Rapid Growth in Quick Service Restaurants Segment to Propel the Market Growth of Commercial Kitchen Appliances
Based on the end uses, the quick service restaurants segment is projected to witness robust market growth during the forecast period. This is on account of the surging trend of foreign quick service restaurant chains trying to appeal to local food preferences, especially in the Asia Pacific. A huge number of international chains as well as local players are expanding their businesses into the Asia Pacific region and adapting menus for a local edge, which aids the growth of the commercial kitchen appliances market.
Indian restaurants are offering consolidated multi-cuisine food preparations, like Mexican, Italian, and Continental, in their food menu. A surging number of consumers experiencing new foods and building a taste for different cuisines is further driving the growth of the quick-service restaurants segment in the market. Moreover, the regional quick-service restaurant brands are likely to expand. Casual dining brand outlets are entering more new geographies which are further expected to boost the demand for the commercial kitchen appliances market across the globe over the coming years.
Rising demand for eco-friendly appliances is a crucial trend in commercial kitchen appliances market. These appliances can reduce the environmental impact as well as operational costs, driving their demand in the commercial sectors.
As per the commercial kitchen appliances market dynamics and trends, V-Guard Consumer Products (VCPL) announced that it is commencing the commercial production of kitchen appliances such as gas stoves and mixer grinders. Its manufacturing facility has a capacity of around 7 lakh units per annum for mixer grinders and 3.60 lakh units per annum for stoves.
As per the commercial kitchen appliances industry analysis, in 2019, the total fast-food restaurants in the US were 194,395 ranging from ice cream parlours to sandwich shops. Fast-food restaurants in the country earned USD 278.6 billion in revenue in 2021. Market players such as McDonald’s, Starbucks, and Taco Bell, among others, dominate the market share in the country. As per the data published by Centers for Disease Control, one-third of Americans consume fast food at any given time. This high demand for fast food boosts the quick service restaurants demand, further contributing to the market growth.
According to the industry stats from Unilever, the Asia Pacific region was the market for hospitality in 2020, followed by North America. The hospitality sector in India accounted for around 7.5% of the country’s GDP. The total revenue from the hospitality sector in India was expected to reach USD 7.66 billion in 2023. The restaurant industry in the country was growing at a rate of 7% per year. These data showcase a surge in the hotels and restaurants in the country which fuels the growth of the commercial kitchen appliances industry.
Zomato, a food delivery provider, announced in December 2023 that it aims to enter the catering business through the employment of its restaurant and food chain partners. The company also launched a multi-cart option for its customers which will allow them to order from several restaurants at the same time. This trend is expected to contribute positively to the commercial kitchen appliances industry revenue.
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Commercial kitchen appliances are appliances that are utilised to create, store, and, to a certain degree, prepare food. These appliances can include everything from large refrigerators to sleek kitchen stoves. Currently, most of such appliances are electrical, however, some are still powered by gas.
By product type, the market is divided into:
Based on the end-use, the commercial kitchen appliances market is categorised into:
The EMR report looks into the regional markets of commercial kitchen appliances for Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
India | 14.7% |
China | 8.6% |
Mexico | 6.4% |
Australia | 6.1% |
Japan | 5.3% |
USA | XX% |
Canada | XX% |
UK | XX% |
Germany | 5.1% |
Saudi Arabia | XX% |
Brazil | XX% |
France | 5.0% |
Italy | 4.3% |
The report presents a detailed analysis of the following key players in the global commercial kitchen appliances industry looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives in-depth insights into the market, providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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North America Holds a Significant Share in the Market Growth of Commercial Kitchen Appliances
North America holds a significant commercial kitchen appliances market share on account of the surging number of hotels, restaurants, and food businesses in the region. The surging utilisation of several forms of kitchen appliances in business spaces, coupled with the early acceptance and deployment of technologically advanced equipment is also driving growth. Moreover, the macroeconomic situation of North America is developing, which is further supporting the market demand across the region.
The rising focus of the food-service business on automated technology-enabled equipment across North America is likely to boost the commercial kitchen appliances market growth. Commercial cooking equipment manufacturers are developing IoT (Internet of Things) imbued new equipment and integrating new features to stay competitive in the industry, which is further supporting market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Commercial Kitchen Appliances Market Size
Commercial Kitchen Appliances Market Growth
Commercial Kitchen Appliances Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market attained a value of nearly USD 86.06 billion.
The market is assessed to grow at a CAGR of 6.9% between 2024 and 2032.
The market is projected to witness steady growth in the forecast period of 2024-2032 to reach almost USD 156.98 billion by 2032.
The major market drivers are technological advancement, surging hospitality industry and rapid expansion of quick-service restaurants.
The key market trends include changing consumer tastes and preferences and increasing food safety concerns.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Currently, North America accounts for the largest market share.
The various product types in the market include refrigerator, cooktop and cooking range, oven, and dishwasher, among others.
The various end-uses of in the market include quick service restaurants (QSRS), full-service restaurants (FSRS), resorts and hotels, institutional canteens, hospitals, and rail, cruise, and airways catering, among others.
The major players in the market are Middleby Corporation, Carrier Global Corporation, Electrolux Group, Garland Group, ITW Food Equipment Group, Bonnet International, Hoshizaki America, Inc., and True Manufacturing Co., Inc., among others.
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