Global Commercial Kitchen Appliances Market by Product (Refrigerator, Dishwasher, Cooking Appliance) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global commercial kitchen appliances market was worth USD 79.72 Billion in 2019. It is projected to grow at a 6.7% compound annual growth rate (CAGR), between 2020 and 2027. Due to the rise of the travel and tourism sector and rising popularity of Quick Service Restaurants (QSRs), the market will see significant growth over the next few years. Other factors that are driving the demand for commercial kitchen appliances include a rise in drive-thru meals, fast-paced living in cities and metros, as well as a rise in the number and disposable income of individuals.

Changes in the lifestyle of youth and the shift to a healthier diet will have a positive impact on the demand for healthy food chains and commercial kitchen equipment. Restaurant owners are also being encouraged to improve their infrastructure and offer better services by rising consumer spending in tourism and hospitality. Consequently, the market will benefit from a rising demand for commercial kitchen equipment.

The foodservice industry will increase their use of smart kitchen equipment, which is expected to drive up demand for commercial kitchen appliances. These smart commercial kitchen appliances are equipped with sensors and advanced connectivity features. They can be connected to smartphones, tablets, and other household devices.

The end-use industry is now embracing commercial kitchen equipment that incorporates digital transformation technologies such as the Internet of Things and Artificial Intelligence (AI). These technologies are helping them to cater to their customers with continuous operations. Elanpro, a commercial refrigerator manufacturer based in India, has launched an IOT-enabled connected refrigerator that provides intuitive temperature management and alerts for the HoReCa market.

A rising awareness in the end-use sectors about the benefits of using energy-efficient commercial kitchen equipment will likely lead to an increase in commercial kitchen appliance demand. Additionally, supportive government regulations that promote energy-efficient commercial cooking equipment will increase the sales of commercial kitchen appliance, thereby reducing energy consumption. The U.S. The U.S. Environment Protection Agency (EPA), for instance, recommends that foodservice industries use refrigerators certified with R290 (refrigerant-grade propane). This is because it is non-toxic, safe, and does not pose a threat to ozone. It also reduces energy costs by about 28.0%.

Product Insights

The market for commercial kitchen appliances is divided by product into cooking appliance, dishwasher, and other special appliance. Further, the cooking appliance market is divided into oven, cooktop, cooking range, and other cooking appliances. The refrigerator segment was the most profitable with a revenue share exceeding 40.0% in 2019. It is expected to experience significant growth during the forecast period.

The changing climate is increasing the need for food preservation. End customers are now looking to install refrigerators with state-of–the-art technology. The forecast period will see a rise in refrigerator demand due to the increasing importance placed on refrigeration technology advancements. Liebherr, for example, launched commercial refrigerators and freezers that provide elite cooling technology to the North American foodservice and restaurant industry.

Due to increased demand for combination oven, induction cooktops and cooking ranges, the segment of cooking appliances is expected to grow at 7.6% CAGR over the forecast period. Induction cooking includes a convection oven and an induction stovetop. Convection technology distributes heat evenly to speed up cooking. Due to rising fuel and electricity prices, and increased awareness about energy conservation, the demand for induction cooking is expected to rise over the forecast period.

The oven segment will see a combination oven (a built-in oven that also has a microwave function) grow at a 9.2% CAGR over the forecast period. These ovens can be used for different types of food preparation using convection, microwave and combination modes. This commercial kitchen equipment has many benefits, including multi-level and fast cooking as well as advanced humidity and air movement control. The combination oven increases production capacity, which leads to increased profitability and efficiency for the end-use industries.

End-use Insights

The market for commercial kitchen appliances can be divided by end use into full-service restaurants, quick service restaurants and resorts and hotels. There are also institutional canteens, hospitals and rail, cruise, and airways catering. QSR accounted for over 20% of the total revenue in 2019. This segment is expected to have a positive impact on market growth during the forecast period due to the increasing trend of QSR outlets opening new brands and international QSR outlets. With new locations opening up for casual dining brands, regional QSR brands will expand.

Due to the increasing demand for efficient and innovative kitchen appliances in end-use industries, both local and global fast food chains are investing in technologically advanced kitchen appliances. The increasing demand from QSRs to innovate in the kitchen appliance space will drive the demand of advanced appliances with digital solutions. Additionally, QSRs are focusing on menu innovation, ease-of-use, and pricing that is competitive. This will drive the demand for kitchen appliances for commercial use.

The highest CAGR of 8.1% is forecast for rail, cruise and airways catering. The demand for commercial kitchen equipment for catering on railways, airways and cruise ships is expected to grow significantly due to the substantial growth in tourism. According to the Cruise Lines International Association, a world-recognized trade association for the cruise industry, cruise tourism has increased at nearly 7.0% between 2017 and 2018, bringing in 28.5 million passengers. There is a growing demand for transportation services and the need to develop them worldwide. The railway dining sector and associated kitchen appliances industry will see significant growth, with countries like India, China and Japan increasing their train numbers each year.

From 2020 to 2027, the hospitals segment will experience significant growth. The need to prepare meals in the hospital's immediate vicinity to meet the nutritional needs of patients is one of the main reasons for higher adoption of these appliances in hospitals. Long-term residents will be able to enjoy a variety of food options while still maintaining high hygiene standards. This is expected to create lucrative opportunities for commercial kitchen appliance industry players in the hospital sector.

Regional Insights

North America was the country with the highest revenue share, at over 30.0% in 2019. This region has a growing number of restaurants, hotels, food businesses, which will likely help industry growth. The market for commercial kitchen appliances is being driven by the increasing use of various types of kitchen appliances in commercial spaces, and the early adoption of more technologically advanced equipment. The regional market for commercial kitchen appliance is also being driven by North America's improving macroeconomic conditions.

The highest projected CAGR for MEA will be 9.0% during the forecast period. The growing tourism has led to fast food restaurants in this region offering a variety of cuisines from both local and international cultures. The canteens, ferry, and cruise lines are incorporating a variety of ethnic food items from different countries into their menus, which is expected to increase the demand for commercial kitchen equipment in the region.

As a lot of international and local chains are expanding their operations in Asia Pacific, the segment of quick-service restaurants is expected to expand at a significant rate. The trend is for QSR chains to adapt to local tastes. Indian restaurants are also incorporating multi-cuisine dishes such as Mexican, Indian, and Continental into their menus due to increasing customer interest in trying new foods and developing a love for other cuisines.

Market Share Insights & Key Companies

Bakers Pride and G.S. are key market players. Blodgett Corporation and Garland Group are key market participants. These companies are committed to the development of innovative appliances in order to expand their market reach and increase its product range. Blodgett Corporation, for example, launched its freestanding ventless convection cooker in February 2020. It is equipped with touchscreen controls that can be used by hospital cafeterias and institutional kitchens as well as fast-casual restaurants and other foodservice establishments. The company launched this commercial kitchen equipment to expand its product range in the energy-efficient appliance segment. Ventless cooking uses less energy and requires less maintenance.

It is important to consider the potential market for commercial kitchen equipment, and then invest in similar product categories. Whirlpool Corporation is a prominent player in the home kitchen appliance market. It launched its dishwasher, commercial oven and icemaker. The company plans to further expand its product line, with a current 5.0% share of the total market for commercial kitchen appliance.

A large number of manufacturers of cooking appliances are now focusing on strategic partnerships, mergers and acquisitions to increase their market share and gain competitive advantages over their customers. Parts Town, an American distributor of commercial foodservice equipment purchased PartsXpress. This is the supplier of commercial and foodservice parts for Smart Care Equipment Solutions. Parts Town will now be the main supplier of OEM parts for Smart Care Equipment Solutions. The following are some of the most prominent players in commercial kitchen appliances:

• Bakers Pride

• G.S. Blodgett Corporation

• Garland Group

• Vulcan

• Bonnet International

• Ali Group

• True Manufacturing

Up Market Research published a new report titled “Commercial Kitchen Appliances Market research report which is segmented by Product (Refrigerator, Dishwasher, Cooking Appliance), By Players/Companies Garland Group, Bakers Pride, Vulcan, Bonnet International, Ali Group, True Manufacturing, GS Blodgett Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Commercial Kitchen Appliances Market Report Segments:

The market is segmented by Product (Refrigerator, Dishwasher, Cooking Appliance).

Commercial Kitchen Appliances Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Commercial Kitchen Appliances Market

Overview of the regional outlook of the Commercial Kitchen Appliances Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Commercial Kitchen Appliances Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Commercial Kitchen Appliances Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Refrigerator

                2. Dishwasher

                3. Cooking Appliance

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Commercial Kitchen Appliances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Commercial Kitchen Appliances Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.