Straits Research is pleased to announce the release of the latest report on the global commercial cooking equipment market. The market was valued at USD 13,879.53 million in 2024 and is expected to grow at a steady rate, reaching USD 14,642.91 million in 2025 and USD 22,472.27 million by 2033. With a compound annual growth rate (CAGR) of 5.5% during the forecast period (2025-2033), the market is poised for significant expansion as demand for high-efficiency and advanced cooking equipment increases across the globe.
The growth of the commercial cooking equipment market is driven by the rising adoption of energy-efficient cooking technologies, increasing demand from the hospitality and foodservice industries, and innovations in cooking equipment that offer better performance and convenience. As businesses and institutions demand more cost-effective solutions, the commercial cooking equipment market is seeing steady progress in both mature and emerging markets.
Market Definition
Commercial cooking equipment refers to the appliances and machines used in the preparation and cooking of food in commercial kitchens. These kitchens can be located in restaurants, hotels, cafeterias, schools, hospitals, and other foodservice establishments. Commercial cooking equipment includes ovens, stoves, deep fryers, grills, cooktops, and other specialized equipment designed for heavy-duty use and high-volume cooking. The growing demand for quick, safe, and energy-efficient cooking solutions is fueling the market for commercial cooking equipment, as restaurants and foodservice providers aim to meet the needs of their customers while maintaining cost-efficiency.
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Segmentation
Product Type
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- Cooking Ranges
- Ovens
- Fryers
- Grills
- Steam Cookers
- Others
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End-User
- Restaurants
- Hotels
- Catering Services
- Institutional Kitchens
- Others
-
Fuel Type
- Gas-powered
- Electric-powered
- Hybrid-powered
-
Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key Players in the Commercial Cooking Equipment Market
Several companies dominate the commercial cooking equipment market, providing high-quality products that meet the demands of various end-users. Key players include:
- Middleby Corporation
- ITW Food Equipment Group
- Standex International
- Ali Group
- Rational AG
- Welbilt Inc.
- Manitowoc Foodservice
- Vulcan
- Henny Penny
- Garland Group
Dominated Region: Asia-Pacific
Asia-Pacific is expected to dominate the commercial cooking equipment market due to the rapid growth of the foodservice industry in countries like China, India, and Japan. The increasing number of quick-service restaurants, fast food outlets, and catering services in the region is driving the demand for advanced cooking equipment. Furthermore, the growing middle class and urbanization in Asia-Pacific countries are contributing to higher disposable incomes, which boosts spending on food and dining out, thereby increasing the demand for commercial cooking equipment.
Fastest Growing Region: Europe
Europe is the fastest-growing region for commercial cooking equipment, with countries such as Germany, the UK, and France seeing significant demand. The growing trend of adopting energy-efficient and high-performance cooking equipment, along with the increasing popularity of automated cooking technologies, is expected to propel market growth in the region. Additionally, the rise of food delivery services and growing tourism are boosting the hospitality sector, which in turn is driving the demand for commercial kitchen equipment.
FAQ
-
What is the current size of the global commercial cooking equipment market?
The global commercial cooking equipment market was valued at USD 13,879.53 million in 2024. -
What is the projected market growth for commercial cooking equipment by 2033?
The market is expected to reach USD 22,472.27 million by 2033, growing at a CAGR of 5.5% during the forecast period (2025-2033). -
Which region dominates the commercial cooking equipment market?
Asia-Pacific is the dominant region in the commercial cooking equipment market, driven by the rapid growth of the foodservice industry. -
Which region is expected to experience the fastest growth in the commercial cooking equipment market?
Europe is the fastest-growing region due to increasing demand for energy-efficient and advanced cooking technologies in the hospitality sector. -
Who are the key players in the commercial cooking equipment market?
Major players in the market include Middleby Corporation, ITW Food Equipment Group, Ali Group, Rational AG, Welbilt Inc., and several others.
Business Metrics
- Market Size: USD 13,879.53 million in 2024, projected to reach USD 22,472.27 million by 2033.
- CAGR: 5.5% during the forecast period (2025-2033).
- Dominated Region: Asia-Pacific
- Fastest Growing Region: Europe
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