The global commercial kitchen equipment/appliances market was valued at USD 74,484 million in 2017 and is anticipated to grow at a CAGR of 6.6% during the forecast period. Commercial kitchen appliances are equipment such as refrigerators, ovens, kitchen range and cooking stoves, which are used in commercial establishments. Restaurants, hotels, and clubs use commercial kitchen appliances for functionalities such as cooking, cleaning, and storage. Commercial kitchen appliances are developed for cooking and storage of high volume of edible products. These are designed to withstand excessive amount of electricity load and continuous usage of the equipment. Heavy-duty components are used in the development of commercial kitchen appliances and are usually priced higher than residential kitchen appliances.
The demand for commercial kitchen equipment has increased significantly over the years owing to the exponential growth in the number of food service establishments. Hotels, restaurants and catering establishments require efficient and technologically advanced kitchen appliances for uninterrupted operations in the kitchen. These businesses prefer kitchen appliances that offer high quality services in minimum time. Improved lifestyle of consumers has changed their consumption habits, resulting in increasing instances of dining at restaurants. The increasing urbanization, and growth in disposable income also support the growth of commercial kitchen appliances market. The increasing awareness regarding the use of efficient & environmental friendly appliances has encouraged food establishments to use energy efficient and smart kitchen appliances. However, high energy consumption by most kitchen appliances, and high costs limit the growth of the market.
The global commercial kitchen Equipment market is segmented on the basis of product, fuel type, end-user, structure, and region. Based on product, the market is segmented into cooking appliances, dishwasher, refrigerator, and others. The fuel type segment is categorized into cooking gas, electricity, and others. On the basis of end-users, the market is segmented into full service restaurants, quick service restaurants, hotels & resorts, corporate kitchens, college and university kitchens, and others. On the basis of structure, the market is segmented into built-in, and free stand. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the global commercial kitchen appliances market in 2017.
Leading players in the market are introducing new products owing to changing consumer preferences and increasing demand for commercial kitchen appliances. They are also collaborating with other players to expand their offerings and enhance market reach. In May 2017, Midea, launched its new range of Commercial Food Service equipment at the National Restaurant Association (NRA) trade show at the McCormick Center in Chicago. The products included in the new series include light, medium and heavy-duty commercial microwaves in the 1,000- to 2,100-watt range. The new microwave ovens are made from stainless steel, and are available in dial and USB programmable models. This launch enabled the company to increase its offerings in the energy efficient kitchen appliances segment, and expand its global operations. In June 2016, Cooltech Applications, S.A.S. introduced its magnetic cooling system for commercial applications. This system uses a water coolant instead of a refrigerant gas thereby eliminating pollutant gases, and reducing energy consumption. In February 2017, Hobart launched its new CLeN-series of dishwashers at the NAFEM Show in Orlando, Florida. The new series offers features such as Drain Water Energy Recovery (DWER), Automatic Soil Removal (ASR), Pot & Pan Mode, and Programmable De-Lime Alert among others. With the launch of this series, the company aimed at providing higher efficiency, increased reliability, cost savings, and simplified labor practices through its dishwashing equipment. Other leading players in the market include Meiko International, AB Electrolux, Hobart Corporation, Fujimak Corporation, Duke Manufacturing Co. Inc., Ali Group Company, Hoshizaki Corporation, Fagor Industrial, Rational AG, Carrier Corporation among others.