Global Commercial Catering Equipment Market Overview
Commercial Catering Equipment Market Size was estimated at 80.57 (USD Billion) in 2022. The Commercial Catering Equipment Industry is expected to grow from 84.36(USD Billion) in 2023 to 127.6 (USD Billion) by 2032. The Commercial Catering Equipment Market CAGR (growth rate) is expected to be around 4.7% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Commercial Catering Equipment Market Trends Highlighted
The commercial catering equipment market is driven by factors such as the growing hospitality industry, urbanization, and the increasing demand for convenience foods. The market is also witnessing the adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and automation, which are enhancing efficiency and reducing operating costs.Key market drivers include the increasing number of hotels, restaurants, and other hospitality businesses, as well as the rising demand for processed and packaged foods. The market is also benefitting from the growing popularity of food delivery services and the increasing number of people eating out.
Opportunities in the market include the expansion of the hospitality industry in emerging markets, the development of new and innovative catering equipment, and the increasing adoption of sustainable practices. Trends in recent times include the growing demand for energy-efficient and environmentally friendly equipment, as well as the increasing use of cloud-based software and data analytics.
Commercial Catering Equipment Market Drivers
Rising Demand for Convenience and Efficiency in Food Preparation
The primary driver of the commercial catering equipment market is the increasing demand for convenience and efficiency in food preparation. The food service industry is growing rapidly, and the demand for fast and convenient food options is increasing, particularly in emerging markets. Commercial catering equipment, such as ovens, fryers, grills, and dishwashers, can significantly improve the efficiency of food preparation and help businesses meet the growing demand.They enable food service and other businesses to prepare and serve meals quickly and conveniently. In addition, the integration of advanced technologies, such as automation and smart cooking systems, further improves the convenience and efficiency of commercial catering equipment. Consequently, it has become necessary to invest in such equipment to improve food service efficiency and cater to the increasing demand for fast and convenient food options.
Growing Focus on Food Safety and Hygiene
Factors in addition to the burgeoning demand for food of high-quality standards and the diversity of cuisines that have fuelled the expansion of the commercial catering equipment market also include the escalating attention paid to food safety and hygiene regulations. The heightened sense of responsibility shown on the part of the governmental authorities all around the world calls for stringent measures that involve the control of the quality and the safety of the food that people consume.To keep foodstuffs from becoming contaminated or cross-contaminated, companies will need to use a range of equipment such as refrigerators and freezers, dishwashers, sanitizers and air purifiers. At the same time, a range of other types of commercial catering equipment will need to be adopted to ensure food safety requirements, including scales, kitchen thermometers, etc. The tendency is most likely to continue in the near future as the level of awareness about food safety increases.
Advancements in Technology and Innovation
Advancements in technology and innovation are driving the development of new and improved commercial catering equipment. The integration of smart technologies, automation, and artificial intelligence (AI) is transforming the functionality and efficiency of commercial catering equipment. Smart ovens and grills can monitor and adjust cooking parameters to ensure optimal cooking results, while automated dishwashing systems can streamline the cleaning and sanitization process.The use of AI in commercial catering equipment enables real-time monitoring, predictive maintenance, and remote diagnostics, improving equipment performance and reducing downtime. These technological advancements are enhancing the capabilities of commercial catering equipment and making it more valuable for food service businesses looking to improve their operations and meet the evolving demands of the industry.
Commercial Catering Equipment Market Segment Insights
Commercial Catering Equipment Market Equipment Type Insights
The commercial catering equipment market is segmented into equipment types, including cooking equipment, refrigeration equipment, warewashing equipment, food preparation equipment, and beverage equipment. Cooking Equipment accounted for the largest share of the market in 2023 and is expected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing demand for energy-efficient and technologically advanced cooking appliances in commercial kitchens. Refrigeration Equipment is another major segment of the market and is expected to experience rapid growth in the coming years.
The rising demand for energy-efficient refrigeration systems and the growing adoption of advanced technologies, such as IoT and AI, are the key factors contributing to the growth of this segment. Warewashing Equipment is another significant segment of the market and is expected to grow at a steady pace during the forecast period. The increasing focus on hygiene and sanitation in commercial kitchens is driving the demand for advanced warewashing equipment. Food Preparation Equipment is another important segment of the market and is expected to grow at a moderate pace during the forecast period.
The increasing demand for convenience and efficiency in commercial kitchens is a key factor driving the growth of this segment. Beverage Equipment is a relatively smaller segment of the market but is expected to grow at a healthy pace during the forecast period. The increasing demand for specialty beverages and the growing popularity of coffee culture are the key factors driving the growth of this segment. Overall, the commercial catering equipment market is expected to grow at a rapid pace in the coming years, owing to the increasing demand for energy-efficient and technologically advanced equipment in commercial kitchens.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Catering Equipment Market End-Use Application Insights
The commercial catering equipment market is classified based on end-use applications in restaurants, hotels, cafes and bars, hospitals and healthcare facilities, and educational institutions. In terms of market share, the restaurant segment is expected to account for the largest segment in 2023, consisting of more than 40% of the market revenue. The growth of the restaurant segment can be accredited to the surge in the number of restaurants and the disposable income of the people. However, the hotel segment is expected to be the second largest segment, with a market share of more than 25% of revenue in 2023.
The hotel segment is driven by the increase in hotels in addition to the rise in the number of tourists. The cafe and bar segment is the third largest segment, expected to have a market share of more than 20% of revenue in 2023. The cafe and bar segment is expected to gain popularity as a social gathering place. The hospitals and healthcare facilities segment is the fourth largest, expected to have a market share of more than 10% of revenue in 2023. The surge in hospitals and healthcare facilities can be attributed to the demand for healthcare and the rise of hospitals and healthcare facilities.The educational institution is the fifth largest, accounting for more than 5% of the market share in 2023. The increase in the number of educational institutions and the youth population will be the building factor in the increase of the educational institution segments.
Commercial Catering Equipment Market Power Source Insights
The Commercial Catering Equipment Market is segmented by power source into electric, gas, LP gas, and steam. Among these, the electric segment is projected to hold the largest market share in 2023, owing to the increasing adoption of energy-efficient and environmentally friendly appliances. Moreover, the growing demand for electric cooking appliances from restaurants, hotels, and other commercial establishments is driving the growth of this segment. The gas segment is expected to witness a steady growth rate during the forecast period due to the widespread use of gas-powered cooking appliances in commercial kitchens.LP gas is also gaining popularity in remote areas where access to electricity and natural gas is limited. The steam segment is expected to experience moderate growth, primarily driven by the demand for steam-powered cooking appliances in large-scale food processing facilities.
Commercial Catering Equipment Market Size Insights
The Commercial Catering Equipment Market is segmented by size into compact, medium, and large. Among these segments, the large-size segment held the largest market share in 2023, accounting for over 40% of the Commercial Catering Equipment Market revenue. The large size segment is driven by the growing demand for high-capacity catering equipment in large-scale food service establishments such as hotels, restaurants, and convention centers. The medium and compact size segments are also expected to witness significant growth over the forecast period, owing to their increasing popularity in small and medium-sized food service businesses such as cafes, restaurants, and food trucks.
Commercial Catering Equipment Market Automation Level Insights
The Commercial Catering Equipment Market is segmented by Automation Level into Manual, Semi-Automated, and Fully Automated. In 2023, the Semi-Automated segment held the largest market share of 42.5%, and it is expected to continue its dominance throughout the forecast period (2024-2032). The rising demand for efficient and time-saving solutions in the food service industry is driving the growth of the Semi-Automated segment.
The Fully Automated segment is anticipated to witness the fastest growth rate during the forecast period, owing to the increasing adoption of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) in commercial kitchens.Fully Automated equipment can improve operational efficiency, reduce labor costs, and enhance food quality, making it an attractive option for large-scale catering operations and fast-paced restaurants. The Manual segment is expected to account for a significant share of the Commercial Catering Equipment Market revenue. Manual equipment remains essential for basic food preparation tasks and is widely used in small-scale kitchens and establishments with limited budgets. However, the demand for Manual equipment is expected to decline gradually as automation becomes more prevalent in the industry.
Commercial Catering Equipment Market Regional Insights
The regional segmentation of the Commercial Catering Equipment Market presents distinct market dynamics and growth opportunities. North America holds a significant market share, driven by the presence of leading manufacturers and a robust hospitality industry. In 2023, North America accounted for approximately 35% of the Commercial Catering Equipment Market revenue.
Europe follows closely, with a market share of around 30%, supported by a large and developed food service sector. The Asia-Pacific (APAC) region is projected to witness the fastest growth, with a CAGR of 5.5% over the forecast period.This growth is attributed to rising disposable income, expanding tourism, and increasing urbanization in countries like China and India. South America and the Middle East and Africa (MEA) regions also offer growth potential, with their developing hospitality industries and increasing demand for commercial catering equipment.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Catering Equipment Market Key Players And Competitive Insights
Major players in the Commercial Catering Equipment Market industry are constantly striving to gain a competitive edge by implementing various strategies. These strategies include product innovation, expansion into new markets, mergers and acquisitions, and partnerships. Leading Commercial Catering Equipment Market players are focusing on developing energy-efficient and environmentally friendly equipment to meet the growing demand for sustainable solutions.
Additionally, they are investing in research and development to enhance the functionality and efficiency of their products. The Commercial Catering Equipment Market Competitive Landscape is expected to remain competitive in the coming years, with key players vying for market share through strategic initiatives.Ali Group is a leading player in the Commercial Catering Equipment Market industry, renowned for its comprehensive product portfolio and presence. The company offers a wide range of equipment, including ovens, cookers, refrigeration units, and dishwashing systems. Ali Group has a strong distribution network and provides excellent customer support, which has contributed to its success in the market.
The company is committed to innovation and sustainability, and it regularly invests in research and development to enhance its product offerings. Ali Group's strong brand reputation and commitment to quality have made it a preferred choice for many commercial kitchens worldwide.Rational AG is a prominent competitor in the Commercial Catering Equipment Market, specializing in the production of combi ovens and other cooking appliances. The company is known for its advanced technology and innovative design, which have earned it a reputation for reliability and efficiency. Rational AG has a presence and a strong distribution network, enabling it to reach a wide range of customers. The company focuses on sustainability and offers energy-efficient equipment to meet the growing demand for eco-friendly solutions. Rational AG's commitment to innovation and customer satisfaction has made it a formidable competitor in the Commercial Catering Equipment Market.
Key Companies in the Commercial Catering Equipment Market Include
- Middleby
- ITW
- Anets Corporation
- The Vollrath Company
- Electrolux
- Henny Penny
- Vollrath
- Hobart
- Ali Group
- Welbilt
- Champion
- Franke AG
- Delfield
- Rational
Commercial Catering Equipment Market Industry Developments
The Commercial Catering Equipment Market is projected to reach USD 127.6 billion by 2032, exhibiting a CAGR of 4.7% from 2024 to 2032. The rising demand for convenience foods and the growing hospitality industry are key drivers of market growth. Technological advancements, such as the integration of IoT and automation, are also contributing to market expansion.The Asia-Pacific region is expected to hold a significant market share due to the increasing number of restaurants and hotels in developing countries. North America and Europe are also expected to contribute to market growth, driven by the adoption of advanced catering equipment and the focus on energy efficiency.Key industry trends include the growing popularity of cloud kitchens and the increasing demand for sustainable catering solutions. The COVID-19 pandemic has had a significant impact on the market, leading to a decline in demand for catering equipment in 2020. However, the market is expected to recover in the coming years as the hospitality industry rebounds.
Commercial Catering Equipment Market Segmentation Insights
- Commercial Catering Equipment Market Equipment Type Outlook
- Cooking Equipment
- Refrigeration Equipment
- Warewashing Equipment
- Food Preparation Equipment
- Beverage Equipment
- Commercial Catering Equipment Market End-Use Application Outlook
- Restaurants
- Hotels
- Cafes and Bars
- Hospitals and Healthcare Facilities
- Educational Institutions
- Commercial Catering Equipment Market Power Source Outlook
- Electric
- Gas
- LP Gas
- Steam
- Commercial Catering Equipment Market Size Outlook
- Commercial Catering Equipment Market Automation Level Outlook
- Manual
- Semi-Automated
- Fully Automated
- Commercial Catering Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
80.57(USD Billion) |
| Market Size 2023 |
84.36(USD Billion) |
| Market Size 2032 |
127.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.7% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Middleby, ITW, Anets Corporation, The Vollrath Company, Electrolux, Henny Penny, Vollrath, Hobart, Ali Group, Welbilt, Champion, Franke AG, Delfield, Rational |
| Segments Covered |
Equipment Type, End-Use Application, Power Source, Size, Automation Level, Regional |
| Key Market Opportunities |
1 Rising Demand for Food Delivery and Takeout2 Expansion of the Hospitality and Tourism Sectors3 Technological Advancements and Automation4 Focus on Energy Efficiency and Sustainability5 Increased Investment in Commercial Kitchens |
| Key Market Dynamics |
Growing demand for convenience foods Increased focus on hygiene and safety Technological advancements Rising disposable income Urbanization and population growth |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Commercial Catering Equipment Market is valued at USD 84.36 billion in 2023 and is expected to reach USD 127.6 billion by 2032, growing at a CAGR of 4.7%.
North America, Europe, and Asia-Pacific are the key regions driving the growth of the Commercial Catering Equipment Market. North America holds the largest market share due to the presence of well-established food and beverage industries.
Commercial catering equipment is used in various applications, including restaurants, hotels, schools, hospitals, and corporate cafeterias. These equipment are used for cooking, baking, refrigeration, and other food preparation tasks.
The key competitors in the Commercial Catering Equipment Market include Rational, Welbilt, Middleby, and Ali Group.
The increasing demand for convenience food, the growth of the hospitality industry, and the adoption of smart technologies are some of the trends shaping the future of the Commercial Catering Equipment Market.
The COVID-19 pandemic had a negative impact on the Commercial Catering Equipment Market due to the closure of restaurants and hotels. However, the market is expected to recover as the pandemic subsides.
The key growth opportunities for the Commercial Catering Equipment Market include the expansion of the food and beverage industry, the increasing demand for energy-efficient equipment, and the adoption of automation.
The challenges faced by the Commercial Catering Equipment Market include the high cost of equipment, the lack of skilled labor, and the increasing competition from low-cost manufacturers.
The prospects of the Commercial Catering Equipment Market are positive. The market is expected to grow steadily over the next decade, driven by the increasing demand for food and beverage services.
Some of the key trends that are expected to shape the future of the Commercial Catering Equipment Market include the increasing adoption of smart technologies, the growing demand for sustainable equipment, and the rise of e-commerce.
