Market Size of Commercial Kitchen Appliances Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 42.76 Billion |
| Market Size (2029) | USD 56.49 Billion |
| CAGR (2024 - 2029) | 5.73 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Commercial Kitchen Appliances Market Analysis
The Commercial Kitchen Appliances Market size is estimated at USD 42.76 billion in 2024, and is expected to reach USD 56.49 billion by 2029, growing at a CAGR of 5.73% during the forecast period (2024-2029).
The market for commercial kitchen appliances is flourishing. Commercial kitchen appliances include ovens, refrigerators, and culinary utensils that are utilized in restaurants. Commercial kitchen appliances are used for cooking, cleaning, and storing in restaurants, hotels, and clubs. Due to shifting customer preferences for outside food, a rise in the working population, and lifestyle changes, restaurants are becoming more and more popular. In addition, the expanding hospitality sector, growing apprehensions over food safety, and a growing inclination towards quick-service restaurants relative to full-service restaurants are all expected to fuel market expansion.
Additionally, technical advancements in the food service sector, such as the introduction of cutting-edge new goods and reasonably priced, energy-efficient commercial kitchen appliances, are anticipated to create a wide range of growth prospects in the years to come. The market for commercial kitchen appliances did, however, start to rebound as eateries and other food service businesses started to reopen. To adhere to new safety and sanitary regulations, many restaurants are investing in new kitchen equipment, such as touchless technologies and enhanced air filtering systems.
