The global commercial kitchen appliances market size is expected to be worth around US$ 140.77 billion by 2030, according to a new report by Vision Research Reports.
The global commercial kitchen appliances market size was valued at US$ 81.72 billion in 2020 and is anticipated to grow at a CAGR of 8.7% during forecast period 2021 to 2030.
|Market Size||US$ 140.77 Bn by 2030|
|Growth Rate||CAGR of 8.7% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, end use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Bakers Pride; G.S. Blodgett Corporation; Garland Group; Vulcan; Bonnet International; Ali Group; True Manufacturing|
Rising popularity of Quick Service Restaurants (QSRs) and Full Service Restaurants (FSRs) and expanding travel and tourism are some of the key factors driving the market. Other factors impacting the market growth are rising demand for drive-through meals, development of railways, fast-paced life in metros and cosmopolitans, surge in the number of working women and nuclear families, and increasing disposable income of individuals.
The market is poised to witness substantial growth in the coming years owing to the growth of the travel and tourism industry and the rising attractiveness of Quick Service Restaurants (QSRs) among millennials. Increasing demand for drive-through meals, fast-paced life in metros and cosmopolitan cities, a surge in the number of working women and nuclear families, and rise in disposable income of individuals are some of the other factors driving the market for commercial kitchen appliances.
By Product Analysis
The commercial kitchen appliances market is segregated by product into refrigerator, cooking appliance, dishwasher, and other specialized appliance. The cooking appliance segment is further segmented into cooktop and cooking range, oven, and other cooking appliance.
Growing need for food preservation owing to changing climatic conditions is contemplating the end customers to deploy refrigerator with state-of-the-art technologies. Thus, the growing emphasis on advancements in refrigeration technologies is expected to boost the demand for refrigerators during the forecast period.
The cooking appliance segment is anticipated to expand at a CAGR of 8.6% over the forecast period on account of increased demand for combination oven and induction cooktop and cooking range.
By End-use Analysis
By end use, the market for commercial kitchen appliances has been segmented into quick service restaurants, full service restaurants, resorts and hotels, institutional canteens, hospitals, rail, cruise and airways catering, and others.
Global as well as local fast food chains are deploying technologically updated kitchen appliances owing to rising need for innovative and most efficient kitchen appliances among the end-use industries.
Rail, cruise and airways catering is expected to expand at the highest CAGR of 9.1% over the forecast period. Substantial growth in the tourism industry is expected to drive the demand for commercial kitchen appliances for catering in railways, airways, and cruise.
The hospitals segment is envisioned to witness significant growth from 2020 to 2030. One of the key factors responsible for the higher deployment of these appliances in hospitals is the need to prepare food in the hospital’s vicinity so as to maintain the nutritional requirements of the patients.
By Regional Analysis
North America accounted for the largest revenue share of over 30.0%. An increasing number of restaurants, hotels, and food businesses in this region is likely to aid industry growth.
MEA is projected to register the highest CAGR of 10.0% over the forecast period. With the growing tourism, the fast food franchises in this region are adopting variation in the restaurant menu by including a diverse range of food items belonging to local culture as well as other parts of the world.
The quick service restaurants segment in the Asia Pacific is expected to grow at a substantial rate as a large number of international chains and local players are venturing their businesses in the region.
Bakers Pride, G.S. Blodgett Corporation, Garland Group, Vulcan, Bonnet International, Ali Group, and True Manufacturing.
Cooktop & Cooking Range
Other Cooking Appliance
Other Specialized Appliance
Quick Service Restaurants (QSRs)
Full Service Restaurants (FSRs)
Resorts & Hotels
Rail, Cruise & Airways Catering
Middle East & Africa
The Commercial Kitchen Appliances market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Commercial Kitchen Appliances market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Commercial Kitchen Appliances market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Commercial Kitchen Appliances market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Commercial Kitchen Appliances market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Commercial Kitchen Appliances capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Commercial Kitchen Appliances by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Commercial Kitchen Appliances market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Commercial Kitchen Appliances market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Commercial Kitchen Appliances market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Commercial Kitchen Appliances industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Commercial Kitchen Appliances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Commercial Kitchen Appliances market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Commercial Kitchen Appliances market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Commercial Kitchen Appliances market. These factors have benefited the growth of the global market for Commercial Kitchen Appliances. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Commercial Kitchen Appliances. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Commercial Kitchen Appliances are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: