Commercial Kitchen Appliances (Equipment) Market Size To Reach US$ 155.6 Billion, Globally by 2032 | IMARC Group

The rising demand for refrigerators in a commercial kitchen to preserve food over a long period is supporting the growth of the market

SHERIDAN, WYOMING, UNITED STATES, December 1, 2023 /EINPresswire.com/ — The global commercial kitchen appliances market size reached US$ 99.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 155.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.

The growing adoption of energy-efficient, cost-effective, and time-saving kitchen solutions, wide availability through various distribution channels, and technological advancements represent some of the key factors driving the market.

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Factors Affecting the Growth of the Commercial Kitchen Appliances Industry:

• Continuous Evolution of Technology:

The continuous evolution of technology is leading to the development of innovative and efficient kitchen appliances, attracting a wider consumer base. Apart from this, the introduction of smart kitchen appliances that are connected to the internet and equipped with advanced sensors is offering a favorable market outlook. These appliances can be remotely monitored and controlled, allowing kitchen staff to manage their equipment more effectively. Furthermore, these sensors provide valuable data and insights and enable kitchen managers to analyze usage patterns, identify areas for optimization, and predict when maintenance or replacements are needed. This proactive approach to maintenance aids in reducing downtime and maintenance costs.

• Rising Environmental Concerns:

The rising environmental concerns and the growing emphasis on sustainability are creating a positive outlook for the market. Additionally, the increasing preferences of businesses for eco-friendly solutions to reduce energy consumption and waste are facilitating the market growth. Along with this, various leading manufacturers are using environment friendly materials and coatings that are free from harmful chemicals. They are also focusing on the recyclability and longevity of appliances, reducing the impact of kitchen equipment on landfills. Furthermore, the development of modern appliances that are equipped with features to preserve food freshness and reduce spoilage is driving the market.

• Rising Demand for Online Food Delivery Services:

The growth of the foodservice industry and the escalating demand for dining out and food delivery are influencing the market positively. In addition, the increasing working population and fast-paced lifestyles of individuals and their rising preferences for dining out or ordering food are facilitating the market growth. Furthermore, the rise of online food delivery platforms is supporting the growth of the foodservice industry. These platforms connect consumers with a wide range of dining options, catalyzing the demand for kitchen appliances that can handle high volumes of orders.

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Commercial Kitchen Appliances Market Report Segmentation:

By Type:

• Refrigerators
• Cooking Appliances
• Cooktop and Cooking Ranges
• Ovens
• Dishwashers
• Others

Refrigerators hold the largest market share in the market because they are widely used in foodservice establishments as they provide efficient and safe food storage.

By Distribution Channel:

• Offline
• Online

Offline distribution channels account for the largest market share as they offer personalized customer service and immediate product availability, and allow individuals to physically inspect and assess the appliances.

By Application:

• Quick Service Restaurant (QSR)
• Railway Dining
• Institutional Canteen
• Resort and Hotel
• Hospital
• Full Service Restaurant (FSR)
• Others

Quick service restaurants dominate the market because of their high-demand, fast-paced operations, which require a wide range of kitchen equipment and appliances to efficiently prepare and serve food, driving substantial sales in the industry.

Regional Insights:

• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

North America’s dominance in the commercial kitchen appliances market is attributed to its well-established foodservice industry, a high number of restaurants, hotels, and catering businesses, along with a growing trend toward commercial kitchens adopting advanced and energy-efficient appliances.

Global Commercial Kitchen Appliances Market Trends:

The rising trend towards customization and versatility in commercial kitchen appliances is strengthening the growth of the market. In addition, the development of multi-functional ovens with programmable settings is enabling chefs to create unique dishes tailored to individual preferences. Along with this, the escalating demand for versatile appliances that can perform multiple cooking tasks is favoring the market growth. They save kitchen space, reduce equipment costs, and streamline operations. The introduction of combi-ovens combines convection, steam, and sous-vide cooking capabilities in a single unit, offering chefs a wide range of cooking options in one appliance.

The growing emphasis on health and wellness is offering a favorable market outlook. In addition, the rising preferences of individuals for restaurants and foodservice establishments that offer nutritious and wholesome dining options are catalyzing the demand for kitchen appliances that support healthier cooking methods and ingredient choices. Commercial kitchens are adapting to meet the demand for healthier meals by incorporating appliances that facilitate cooking techniques like grilling, steaming, and air frying. Apart from this, several restaurants are diversifying their menus to accommodate various dietary preferences, such as vegetarian, vegan, and gluten-free options. This is leading to the adoption of appliances that can cater to these specific needs.

Leading Companies Operating in the Global Commercial Kitchen Appliances Industry:

• Alto-Shaam Inc.
• American Range Corporation
• Carrier Global Corporation
• Duke Manufacturing Company
• Electrolux AB
• G.S. Blodgett Corporation (The Middleby Corporation)
• Hamilton Beach Brands Inc.
• Hoshizaki Corporation
• Interlevin Refrigeration Ltd.
• MEIKO Maschinenbau GmbH & Co. KG
• The Vollrath Company LLC
• True Manufacturing Co. Inc.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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