Product Overview

Cooking equipment is used to prepare food for public consumption, and commercial cooking refers to any activity or company that prepares food for public consumption. These establishments are generally categorized as quick service, also known as fast-food restaurants, which include fast food such as burgers, chicken, pizza, and sandwiches, as well as short order restaurants where table service is not needed but the kitchen and dining rooms are equipped for cooking and quick service. Full-service restaurants, also known as dinner houses or white tablecloth restaurants, are another choice. Table facilities, clubs, sit-down cafeterias, and fine dining operations are examples of commercial restaurants where the focus is on the dining experience and ambiance, while non-commercial restaurants provide food services found in schools and hospitals.

Market Highlights

Global Commercial Cooking Equipment Market is expected to project a notable CAGR of 6.9% in 2030.

Global Commercial Cooking Equipment Market to surpass USD XXX million by 2030 from USD XXX million in 2020 at a CAGR of 6.9% in the coming years, i.e., 2021-30. This growth is anticipated due increasing mergers and acquisitions across various sectors which will create a worldwide demand for Commercial Cooking Equipment. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Commercial Cooking Equipment industry

Global Commercial Cooking Equipment Market: Segments

Ovens segment to grow with the highest CAGR during 2020-30

Global Commercial Cooking Equipment Market is segmented by product type into Braising Pans, Broilers, Cook-chill Systems, Fryers, Ovens, Cookers, Ranges, Kettles, Steamers,, and Others. Ovens segment held the largest market share of XX.X% in the year 2020. This is due to the high expense of ovens and the vast number of people who use them in the food service industry. Convection ovens are commonly used in restaurants and other food service establishments. The market is being guided by a rise in demand for combi ovens due to their flexibility. Furthermore, the advent of sustainable ovens, an increase in the number of fast service restaurants, a rise in people's preference for ready-to-eat items, and the introduction of smarter features all lead to market growth.

Online segment to grow with the highest CAGR during 2020-30

Global Commercial Cooking Equipment Market is segmented by End user into Full-Service Restaurant & Hotels, Quick Service and Catering Service. Over the forecast period, the QSR user segment is projected to expand at the fastest pace. Because of the increasing trend of foreign and local QSR outlets, as well as the opening of new QSR brands, the segment is expected to positively impact market growth over the forecast period. With casual dining brand outlets entering new geographies, regional QSR brands are expected to grow. Due to an increasing demand for innovative and efficient kitchen appliances among end-use industries, both global and local fast-food chains are deploying technologically updated kitchen appliances. Demand for advanced appliances with digital solutions is expected to grow as QSRs demand more innovation in the equipment market. Also, since QSRs place a premium on menu creativity, comfort, and low prices, there is a need for more mechanized commercial equipment in kitchens, which is driving the market for commercial kitchen appliances.

Commercial Cooking Equipment Market Dynamics

Drivers

Evolving habits of people and increasing use of smart kitchen appliances

Surging demand of Commercial Cooking Equipment Market from numerous end user industries is the key factor contributing in the market growth. A major factor driving the growth of the Commercial Cooking Equipment Market is people's evolving habits and a move toward balanced and low-calorie foods all over the world. Additionally, increasing customer awareness and tourism spending are pushing up the market for commercial cooking equipment in hotels and restaurants all over the world. Furthermore, the increasing use of smart kitchen equipment, such as equipment with sensors that can communicate with handheld devices such as smartphones and tablets, is propelling the growth of the Commercial Cooking Equipment Industry. Rising demand and rising public health issues have prompted the deployment of upgraded Commercial Cooking Equipment in commercial spaces, which is expected to contribute significantly to the Commercial Cooking Equipment Market's growth.

Development of internet of things and rise in disposable income

With the growing development and acceptance of the internet of things and artificial intelligence, hic is assisting customers in sustaining continuous operations, such as Elanpro, which recently introduced an IoT powered connected refrigerator. As a result, technical advances are propelling the Commercial Cooking Equipment Market forward. Technological advances in the food industry, increasing disposable income, and the launch of new cost-effective products are expected to create lucrative opportunities for the Commercial Cooking Equipment Market.

Restraint

Volatility in material prices and capital expenditure

Volatility in raw material prices and major capital expenditures for setting up manufacturing plants are expected to stifle the Commercial Cooking Equipment Market's growth.

Global Commercial Cooking Equipment Market: Key Players

Illinois Tool Works Inc

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Duke Manufacturing Co. Inc.

The Middleby Corporation

Alto-Shaam, Inc.

Edward Don & Company

Fujimak Corporation

Manitowac Company Inc.

Rational AG

AB Electrolux

Other Prominent Players

Global Commercial Cooking Equipment Market: Regions

Global Commercial Cooking Equipment Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East,, and Africa. Global Commercial Cooking Equipment in North America held the largest market share of XX.X% in the year 2020 in terms of revenue. The region's rising number of restaurants, hotels, and food businesses is expected to help the industry expand. Furthermore, the demand for commercial kitchen appliances in this area is being driven by an increase in the use of various types of kitchen appliances in commercial spaces, as well as early adoption of technologically advanced equipment. Furthermore, North America's macroeconomic situation is improving, which is driving the regional demand for commercial kitchen appliances.

Global Commercial Cooking Equipment Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil,, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey,, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Commercial Cooking Equipment Market report also contains analysis on:

Commercial Cooking Equipment Market Segments:

By Product Type

Braising Pans

Broilers

Cook-chill Systems

Fryers

Ovens

Cookers

Ranges

Kettles

Steamers

Others

By End user

Full-Service Restaurant & Hotels

Quick Service

Catering Service

Commercial Cooking Equipment Market Dynamics

Commercial Cooking Equipment Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Commercial Cooking Equipment Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Commercial Cooking Equipment Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Commercial Cooking Equipment Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Commercial Cooking Equipment Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By product type: Market Share (2020-2030F)

1. Braising pans, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Broilers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Cook-chill systems, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Fryers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Ovens, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Cookers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

7. Ranges, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

8. Kettles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

9. Steamers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

10. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By End user: Market Share (2020-2030F)

1. Full service restaurant &others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Quick service, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Catering service, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Illinois Tool Works Inc

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch.

2. Duke Manufacturing Co. Inc.

3. The Middleby Corporation

4. Alto-Shaam, Inc.

5. Edward Don & Company

6. Fujimak Corporation

7. Manitowac Company Inc.

8. Rational AG

9. AB Electrolux

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)