How large is the commercial catering equipment market, and what is its growth trajectory?
The commercial catering equipment market size has grown strongly in recent years. It will grow from $12.03 billion in 2024 to $12.81 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing disposable income, growth of the global hospitality and tourism sector, migration of populations to urban areas resulted in higher demand for food services, increasing the need for commercial catering equipment in restaurants and other food service, and rising number of restaurants, cafes, and quick-service.
The commercial catering equipment market size is expected to see strong growth in the next few years. It will grow to $16.25 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing emphasis on sustainability, increasing demand for equipment that enhances cleanliness and food safety, rising popularity of cloud kitchens, increasing urbanization, and rising energy costs. Major trends in the forecast period include integration of the Internet of Things (IoT) in commercial kitchen equipment, innovate in producing equipment that consumes less energy, equipment with advanced sanitization features, newer technologies such as molecular gastronomy, and smart kitchen solutions.
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Which major factors have contributed to the expansion of the commercial catering equipment market?
The rising number of restaurants is expected to propel the growth of the commercial catering equipment market going forward. Restaurants are establishments where meals and beverages are prepared and served to customers in exchange for payment. The rising number of restaurants is due to the increasing demand for dining out, changing consumer preferences, and changing lifestyles. Commercial catering equipment is essential for restaurants to operate efficiently, maintain high food quality, ensure safety, and manage costs effectively. For instance, In November 2024, according to the National Restaurant Association, a US-based government organization, in 2023, there was a significant increase in the number of restaurants, with a total of 749,404 establishments, indicating a growth of 5.7% than 2022. Therefore, the rising number of restaurants drives the commercial catering equipment market.
How is the commercial catering equipment market segmented?
The commercial catering equipment market covered in this report is segmented –
1) By Type: Food Handling Equipment, Refrigeration Equipment, Food Preparation Equipment, Other Types
2) By Sales Channel: Offline, Online
3) By Application: Restaurants, Hotels, Other Applications
Subsegments:
1) By Food Handling Equipment: Trolleys And Carts, Serving Trays, Food Storage Containers, Transport Equipment
2) By Refrigeration Equipment: Commercial Refrigerators, Freezers, Display Chillers, Ice Machines
3) By Food Preparation Equipment: Mixers And Blenders, Food Processors, Slicers And Grinders, Ovens And Grills, Fryers
4) By Other Types: Dishwashing Equipment, Cooking Ranges And Stoves, Ventilation And Exhaust Systems, Coffee Machines And Beverage Dispensers
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Who are the top competitors in the commercial catering equipment market?
Major companies operating in the commercial catering equipment market are Middleby Corporation, Franke Holding AG, Hoshizaki Corporation, Welbilt Inc., Electrolux Professional AB, Rational AG, Bizerba SE & Co. KG, ITW Food Equipment Group, Henny Penny Corporation, Fagor Industrial, Hatco Corporation, Alto-Shaam Inc., Lincat Limited, Imperial Commercial Cooking Equipment, Turbo Air Inc., MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG, Robot Coupe, Waring Commercial, Kent Catering Equipment, Koolmax Group Ltd.
Which key trends are expected to influence the commercial catering equipment market in the coming years?
Major companies operating in the commercial catering equipment market are developing innovative products, such as hot holding cabinets, to meet the evolving needs of the food service industry. A hot holding cabinet, also known as a warming cabinet or hot box, is a piece of equipment used in commercial kitchens to keep prepared food at a safe, hot temperature until it is ready to be served. For instance, in April 2024, Lincat, a UK- based commercial catering equipment company launched Invoq ovens, through a collaborative effort with HOUNÖ, a well-known manufacturer of high-end commercial ovens. These Invoq ovens are poised to set new benchmarks in commercial kitchens by providing innovative features and a design specifically crafted to address the changing demands of the culinary industry.
Which regional trends are influencing the commercial catering equipment market, and which area dominates the industry?
North America was the largest region in the commercial catering equipment market in 2024. The regions covered in the commercial catering equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Commercial Catering Equipment Market Report 2025 Offer?
The commercial catering equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Commercial catering equipment refers to the specialized appliances, tools, and machines used in professional kitchens to prepare food for large-scale serving efficiently. This equipment are designed for high-volume food preparation, cooking, storage, and serving to meet the demands of a commercial kitchen.
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