Commercial cooking equipment or tool plays vital role in food service & processing industry. The cooking equipment covers a large range of products which help in a quick & easy preparation of numerous cuisines and food items. Some of the associated benefits of the commercial cooking include expensive breakdowns, larger space, improve efficiency, easy to operate, scale back every kind of wastage, safe & secure, improved functionality that save energy.
According to study, “Global Commercial Cooking Equipment Market Size study, by Type (Cook-Chill Systems, Fryers, Ovens, Cookers, Ranges, Kettles, Others), by End-User (Full Service Restaurant & Hotels, Quick services, Catering Services) and Regional Forecasts 2018-2025” the major companies that are currently working in the global commercial cooking equipment market are Standex International Corporation, The Vollrath Company LLC, Waring, The Middleby Corporation, Rational AG, KingBetter, Welbilt Inc., Fujimak Corp., Midea, AB Electrolux, Duke Manufacturing Co. Inc., ALI S.P.A., Thermador, Siemens, Pochee, The Manitowac Company Inc., Hobart Corp., Carrier Corporation, Lang World, Dover Corp., Edward Don & Company, Illinois Tool Works (ITW) Inc., Alto-Shaam Inc., G.S. BLODGETT, TurboChef Technologies, Garland Group, Frymaster, Henny Penny, Imperial Commercial Cooking Equipment, PITCO.
Based on type, global commercial cooking equipment market is segmented into commercial deep fryers (gas fryers & electric fryers), commercial restaurants ranges, commercial cookers, commercial ovens, commercial cook chill systems, commercial kettles, commercial grills or griddles, commercial broilers or char broilers, commercial braising pans or tilting skillets, commercial steamers and others. Commercial oven includes wide range rotisserie ovens, conveyor ovens, convection ovens, deck ovens, combi-ovens, brick ovens, and microwave ovens. Commercial broiler is further sub-segmented into charbroilers, cheese melters and salamander broilers. Based on product type, market is separated into commercial hotplate, induction hobs and ceramic hobs. Based on end-users, market is segmented into quick service restaurants (QSR), institutional canteen, ferry & cruise, full-service restaurants & hotels, railway dining, hotels & club restaurants and catering services. QSR includes bakery, take away, food trucks, fast food outlets, bars & pubs, and cafeteria.The catering services includes food services used for events, for instance social gatherings, business meetings, or functions at different locations like school, hospital, and corporate office.
The commercial cooking equipment driven by the rise in health consciousness among consumers, followed by increasing number of restaurants & hotels, increased demand for tasty and healthy, increase in disposable income, growing preferences towards dine out, changing lifestyles and rising preference to the energy efficient cooking equipment. Apart from the major advantages, some of the limiting factors of the market are the high initial capital cost, adoption of social living trend among population and volatile prices of raw material. In addition, some of the new trends involved in the use of sensors & controllers, led to the increased demand for certified equipment and focus on improving on new technologies.
Globally, North American region holds the major share on account of increasing number of restaurants & hotels. In the upcoming years, it is estimated that the Asia-Pacific region is expected to hold largest market share due to increase in presence of international & local chains in the region. It is expected that the global commercial cooking equipment market to reach at US $112.4 billion, by 2025.
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Ankur Gupta, Head Marketing & Communications