IMARC Group’s latest research report, titled “Commercial Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global commercial kitchen appliances market reached a value of US$ 87.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 129.04 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027.
Commercial kitchen appliances are utensils or devices that are utilized in commercial kitchens of restaurants, hotels, bars, hospitals, resorts, and institutional canteens to improve work efficiency, ease food preparation, and reduce wastage. These appliances include refrigerators and freezers, slicers, sinks, ovens, ranges, mixers and grinders, shelving, fire extinguishers, and kitchen cooking utensils such as grills, microwaves, broilers, food processors, blenders, burners, toasters, griddles, deep fryers, and dishwashers. They also aid in space management while improving cooking speed and customer experience.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, distribution channel, application and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Commercial Kitchen Appliances Market
- Strategies of major players and product offerings
The market is primarily driven by the significant growth of the hospitality sector. In addition, the rapid expansion of quick-service restaurants (QSRs), also known as fast-food restaurants, represents another major growth-inducing factor as they rely on commercial kitchen appliances, such as microwave, grill components, and convention speed ovens, with preset roasting and baking programs that produce food in less time. In line with this, QSR chains are also adapting to local tastes and comprising multi-cuisine food preparations due to the increasing number of customers experimenting with new food and developing tastes for different cuisines.
Furthermore, the rising popularity of technology-driven and eco-friendly commercial appliances is projected to escalate the product demand. Besides this, commercial kitchen renovation and remodelling activities with rising concerns about food safety supplies are stimulating the market growth. Other factors, including significant expansion in the travel and tourism industry and the surging need for food preservation due to changes in climatic conditions, are creating a favorable market outlook.
Key Players Included in Global Research Report:
- Alto-Shaam Inc.
- American Range Corporation
- Carrier Global Corporation
- Duke Manufacturing Company
- Electrolux AB
- S. Blodgett Corporation (The Middleby Corporation)
- Hamilton Beach Brands Inc.
- Hoshizaki Corporation
- Interlevin Refrigeration Ltd.
- MEIKO Maschinenbau GmbH & Co. KG
- The Vollrath Company LLC
- True Manufacturing Co. Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by type:
- Cooking Appliances
- Cooktop and Cooking Ranges
Breakup by Distribution Channel:
The Breakup by Application:
- Quick Service Restaurant (QSR)
- Railway Dining
- Institutional Canteen
- Resort and Hotel
- Full Service Restaurant (FSR)
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Commercial Kitchen Appliances Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Commercial Kitchen Appliances Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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