The Commercial Cooking Equipment Market would attain a market size of $13,133.9 million by 2023, growing at a CAGR of 4.6% during 2017 -2023. The commercial cooking equipment market has witnessed significant uptake over the last few years, and the segment offers tremendous opportunities for the market players. Several companies have focused on launching newer, innovative energy-efficient equipment to test new markets and also win in the race of market capitalization. Equipment such as combi ovens are the current trend in the commercial cooking equipment market. These ovens offer better safety, time & labor efficiency, and reliability when compared to conventional ovens.
Based on End-Users, the market is segmented into Quick Service Restaurants, Full-Service Restaurants & Hotels, and Other End User. Based on Types, the market is segmented into Ovens, Broilers/Char Broilers/Grills/Griddles, Braising Pans/Tilting Skillets, Ranges, Cook-chill Systems, Fryers & Steamers, Cookers, Kettles, and Others. Based on region, Commercial Cooking Equipment market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the Commercial Cooking Equipment market in 2016. Asia Pacific would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders of the Commercial Cooking Equipment market. Key companies profiled in the report include ALI S.P.A, Illinois Tool Works (ITW) Inc., Duke Manufacturing Co. Inc., The Middleby Corporation, Alto Shaam, Inc., Edward Don & Company, Fujimak Corporation, Welbilt, Inc., AB Electrolux, and Rational AG.