According to the latest report by IMARC Group, “Global Commercial Kitchen Appliances Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, 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.
Note: 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.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Commercial Kitchen Appliances Market Trends and Drivers:
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.
Global Commercial Kitchen Appliances Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alto-Shaam Inc., American Range Corporation, Carrier Global Corporation, Duke Manufacturing Company, Electrolux AB, G.S. Blodgett Corporation (The Middleby Corporation), Hamilton Beach Brands Inc., Hoshizaki Corporation, Interlevin Refrigeration Ltd., MEIKO Maschinenbau GmbH & Co. KG, The Vollrath Company LLC and True Manufacturing Co. Inc.
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The report has segmented the market on the basis of region, type, distribution channel and application.
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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