Commercial kitchen Equipment Market Revenue And Industry Forecasts Till, 2014 - 2025: Million Insights

Commercial kitchen equipment industry may be explored by type, end user, and geography. The market may be explored by type as Char Broilers/Broilers/Griddles/Grills, Braising Pans/Tilting Skillets, Cook-chill Systems, Steamers, Fryers, Ovens, Ranges, Cookers, Kettles, and Others. The “Cookers” segment dominated the commercial kitchen equipment market in 2016 and is anticipated to maintain its dominance by 2025 owing to utilization of cookers by several catering companies, end-users, hotels, and restaurants.

Commercial kitchen appliances industry may be explored by end user as Fast Food Chain (FFC), Café & Bar, QSR, Railway Dining, Institutional Canteen, Ferry & Cruise, Resort & Hotel, Hospital, FSR, and Others. The “QSR” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The QSR segment is anticipated to grow at the highest CAGR of 7.5% over the forthcoming period.

North America accounted for the major share of the commercial kitchen equipment market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include surge in the number of fast food outlets due to hectic & busy lifestyle, rise in eating out expenditure, and increase in the number of working women. North America is followed by Europe and Asia-Pacific.

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Some of the key players that fuel the growth of the commercial kitchen equipment industry comprise Hamilton Beach, Hobart, Carrier Corporation, Middle by Corporation Company, True Manufacturing, The Vollrath Company, LLC, and AIHO Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Commercial Kitchen Appliances Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Refrigerator

    • Cooking Appliance

        • Cooktop & Cooking Range

            • Induction

            • Gas & Electric

        • Oven

            • Convection

            • Microwave

            • Combination

        • Rice Cooker

    • Dishwasher