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Commercial Cooking Equipment Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMCG21459

Download Sample Report
Published On

October 2021

Total pages

217

About the Report

Commercial kitchen equipment are appliances that are used to produce, store and, cook food which ranges from cooling equipment, Heating equipment, Preparation equipment, Washing equipment to kitchen display systems. The benefits of kitchen equipment's such as reduced labor cost, higher productivity, minimal wastage etc. are adding pace to the growth of the market.

A rise in the number of restaurants, cafes, QSR etc. are leading to the growing demand for the commercial kitchen equipment's. according to 'the Pizza Power Report 2021' in the United States the total number of pizza locations increased from 77,724 to 78,092, a nudge of 0.47% in 2020. Also, in the same year, the number of independent pizzerias rose from 41,573 to 41,879, while the chains added a few stores, too, from 36,151 to 36,213. Also, India's QSR market is expected to clock a compound annual growth rate of 23% between now to fiscal year 2025, as reveled by Edelweiss Securities.

An increasing demand for these energy-efficient, and technologically advanced products because of the mounting consumer expenditure globally on food products is also propelling the growth of the commercial cooking equipment market. For instance, in 2019, the expenditure on food, drinks, and catering was USD 312 billion in the United Kingdom, as per the Department for Environment Food & Rural Affairs. Also, Canadian fast-food statistics reveal the Canadian fast-food industry is worth an impressive USD 27 billion in 2021. It is expected to grow by 0.8% compared to the previous year. Also, The fast-food industry Canada facts show up to 34% of Canadians report dreaming of opening a restaurant, in the coming years and 3.7% are thinking of quick service. Casual and family-style restaurants are the most popular choice, and up to 32.7% would choose that.

The growing technological advancements in the foodservice equipment for food preparation, along with continuous research & development have helped the foodservice industry to make a wide range of innovative baked goods which has encouraged the manufactures to deliver technologically efficient appliances. Owing to this the cooking equipment market is expected to observe significant growth in the coming years. For example, XLT Conveyor Oven 3870 comprises highly efficient quiet fire burners, removable panels, optical flame sensor technology and comes with triple stacks.

Based on the product type, the market is fragmented into Ovens, Ranges, Burners, Grills, Griddles, Deep Fryers and Other (Kettle, Steamer etc.). The ovens segment grabbed XX% market share in 2020 and captured XX% market revenue in 2020. However, the grillers segment would emerge in the forecast period and would witness the considerable CAGR during the forthcoming period as well to reach USD XX Mn by 2027.

Based on the End-Use, the market is segmented into Hotels and Restaurant, Hospitals and Others (Ferry & Cruise, Institutional Canteens). The hotels and Restaurant segment grabbed XX% market share and gathered USD XX Mn in 2027. Moreover, this segment is expected to reach USD XX Mn by 2027 with a growth of XX% CAGR during 2021-2027. However, the others segment would emerge as the leading one on the forecast period of 2021-2027F.

For a better understanding of the market adoption of the Commercial Cooking Equipment Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of APAC), and Rest of World. North America constitutes a major market for the Commercial Cooking Equipment Market industry and generated revenue of USD XX Million in 2020 owing to the increase in the demand for high-quality processed food.

Some of the major players operating in the market are AB Electrolux, Ali S.p.A., Carrier Corporation, Duke Manufacturing, Falcon Professional Kitchen L.L.C, FUJIMAK CORPORATION, Illinois Tool Works Inc., Manitowoc Foodservice, Rational AG, The Middleby Corporation, etc. Several M&As along with partnerships have been undertaken by these players to develop Commercial Cooking Equipment Market.

Scope of the Report

Products

Global Commercial Cooking Equipment Market was valued at USD 10.9 Billion in 2020 and is anticipated to reach USD 14.6 Bllion by 2027 displaying an elevated CAGR of 4.6% over the forecast period.

Companies

AB Electrolux, Ali S.p.A., Carrier Corporation, Duke Manufacturing, Falcon Professional Kitchen L.L.C, FUJIMAK CORPORATION, Illinois Tool Works Inc., Manitowoc Foodservice, Rational AG, The Middleby Corporation

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Commercial Cooking Equipment Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Commercial Cooking Equipment Market

2.1.1. Main Objective of the Global Commercial Cooking Equipment Market

3 INDUSTRY PERFORMANCE

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL COMMERCIAL COOKING EQUIPMENT MARKET REVENUE

7 MARKET INSIGHTS BY PRODUCT TYPE

7.1.1. Ovens

7.1.2. Ranges

7.1.3. Burners

7.1.4. Grills

7.1.5. Griddles

7.1.6. Deep Fryers

7.1.7. Other (Kettle, Steamer etc.)

8 MARKET INSIGHTS BY END-USE

8.1. Hotels and Restaurant

8.2. Hospitals

8.3. Others (Ferry & Cruise, Institutional Canteens)

9 MARKET INSIGHTS BY REGION

9.1. North America Commercial Cooking Equipment Market

9.1.1. The U.S

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Commercial Cooking Equipment Market

9.2.1. Germany

9.2.2. France

9.2.3. U.K.

9.2.4. Spain

9.2.5. Italy

9.2.6. Rest of Europe

9.3. Asia Pacific Commercial Cooking Equipment Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. South Korea

9.3.6. Rest of Asia Pacific

9.4. Rest of the World Commercial Cooking Equipment Market

10 COMMERCIAL COOKING EQUIPMENT MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 DEMAND AND SUPPLY SIDE ANALYSIS

11.1. Demand Side Analysis

11.2. Supply Side Analysis

11.2.1. Top Product Launches

11.2.2. Top Business Partnerships

11.2.3. Top Merger & Acquisitions

12 VALUE CHAIN ANALYSIS

13 COMMERCIAL COOKING EQUIPMENT MARKET OPPORTUNITIES

14 COMPETITIVE SCENARIO

14.1. Porter's Five forces analysis

14.1.1. Bargaining power of Supplier

14.1.2. Bargaining power of Buyer

14.1.3. Industry Rivalry

14.1.4. Availability of Substitute

14.1.5. Threat of new Entrants

15 COMPANY PROFILED

15.1. AB Electrolux

15.1.1. Key Facts

15.1.2. Business Description

15.1.3. Key Product/Services Offerings

15.1.4. Growth Strategy

15.1.5. SWOT Analysis

15.1.6. Key Financials

15.1.6.1. Revenue Split

15.1.6.2. Financial Overview of AB Electrolux

15.1.7. Recent Developments

15.1.7.1. Product Launch

15.1.7.2. Partnerships

15.1.7.3. Business Expansion and Investments

15.1.7.4. Merger and Acquisition

15.2. Ali S.p.A.

15.3. Carrier Corporation

15.4. Duke Manufacturing.

15.5. Falcon Professional Kitchen L.L.C

15.6. FUJIMAK CORPORATION

15.7. Illinois Tool Works Inc.

15.8. Manitowoc Foodservice

15.9. Rational AG

15.10. The Middleby Corporation

16 DISCLAIMER

Research Methodology

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