What is Commercial Kitchen Equipment Market?
In a kitchen, commercial cooking equipment is used to prepare food. It includes equipment like kettles, ranges, ovens, fryers, and other appliances fall under this group. These products are used in food service establishments such as restaurants, hotels, catering firms, and other commercial kitchens. Over the last decade, as new product forms and novel cooking styles have pervaded the food industry, demand for commercial cooking equipment has increased. Commercial cooking equipment requires a high degree of attention to detail and accuracy, allowing these items to be priced competitively. In the commercial market, kettles, dishwashers, and steamers are some of the most widely used cooking appliances. In order to assist fast cooking, other cooking appliances such as fryers, rice cookers, ovens, and char boilers are widely used in the restaurant industry. The food service industry is focused on automated technology-enabled equipment. To stay competitive in the industry, commercial cooking equipment manufacturers are introducing IoT (Internet of Things) infused new equipment and integrating new features.
The market study is being classified by Type (Grills, Fryers, Ovens, Toasters, Commercial Stoves, Steam Cookers and Other), by Application (Baking, Steaming, Roasting, Frying and Others) and major geographies with country level break-up.
AB Electrolux (Sweden), Ali S.p.A. (Italy), Alto-Shaam, Inc (United States), Duke Manufacturing (United States), FUJIMAK CORPORATION (Japan), Manitowoc Foodservice (United states), Rational AG (Germany), Hoshizaki Corporation (Japan), The Middleby Corporation (United States), Dover Corporation (United States), Hobart Corporation (United States) and Vulcan (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Edward Don and Company (United States) and Garland Group (United States).
The commercial kitchen appliances market is capital-intensive and fragmented, with multiple players competing for a share of the market. With rapid technological advances, the industry is competitive. The players are growing their investments in product innovation. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Commercial Kitchen Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Commercial Kitchen Equipment market by Type, Application and Region.
On the basis of geography, the market of Commercial Kitchen Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of Hotels and Restaurants
- Rising Use of Compact and Easy to Use Cooking Equipment
Market Trend
- Implementation of Cloud Kitchen in Various Restaurants
Restraints
- Availability of Local Competitors in the Market
Opportunities
- Increased Investment in Tourism and Hospitality Industry
- Increased Inclination towards Fast food, hence demand for quick-service restaurants.
- Rapid Technological Advancements
Key Target Audience
Manufacturers of Commercial Kitchen Equipment, Suppliers of Commercial Kitchen Equipment, Wholesalers, Distributors and Retailers of Commercial Kitchen Equipment, Hospitality Industry, Potential Investors and Others