Kitchen equipment are designed and manufactured for cooking, baking, cleaning, storing. Most of the kitchen equipment function on electricity, while others operate on gas or solar energy such as stove, chimney, and cooker. Kitchen equipment available in the market can be employed for activities such as cooking, cutting, baking, and cleaning of various cutleries and glasses. Many large international and small suppliers operate in the market. The choice of investing in kitchen equipment depends on the need and budget of the consumer and the type, size, shape, model, brand, and potential of the product such as ecofriendly and less consumption of electricity feature. Commercial equipment is primarily used to prepare food for large number of consumers. Therefore, players in market are manufacturing products that are durable, easy to operate, and robust. Additionally, kitchen equipment can be categorized into receive & store food, fabricate & prepare food, prepare & process food, assemble & serve food and cleaning up & sanitize kitchen & kitchen ware.
The kitchen equipment market is primarily driven by the rise quality concerns of the hospitality industry, need for modular & advanced kitchen equipment, and increase in spending power of the population. Other factors such as smart appliances and cost effective & eco-friendly equipment are influencing the market. Rising concerns toward health and hygiene, growing penetration of restaurants and food junctions, need for smart & compact kitchen appliances, and increasing number of working population are boosting the demand for smart kitchen appliances. This, in turn, is propelling the kitchen equipment market. Moreover, rise in adoption of ease of handling equipment having energy efficient and time saving feature are factors that are expected to fuel the market. Additionally, the hospitality sector is growing in emerging economies, especially in Asia Pacific. This is expected to boost the kitchen equipment market during the forecast period. However, high cost of smart & advance equipment, lack of awareness in underdeveloped nations, poor quality of kitchen equipment and local players are expected to restrain the market. However, rise in demand for modular, compatible, and smart & advance kitchen equipment is expected to create significant opportunities for the global market.
The global kitchen equipment market can be classified based on product type, end-user, and region. In terms of product type, the kitchen equipment market can be segmented into electronic kitchen equipment, such as induction cooktops, coffee makers, grinders, microwave, baking ovens, refrigerators, induction steamers & cookers, toaster, mixers & juicers, and dishwashers; non electronic kitchen equipment, such as griller, barbecue, stockpots, saucepans & frying pans, peelers, cores & slicers, cutlery equipment; and others, such as kitchen utensils. Based on end-user, the kitchen equipment market can be divided into household, hotels & restaurants, food junctions & stalls, and others, which includes caterers, clubs, resorts, railway dining, cruises, and hospitals. In terms of region, the global kitchen equipment market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in global kitchen equipment market include Electrolux, Oneida, Pyrex Cook ware, Illinois Tool Works Inc., Whirlpool, Samsung, Morphy Richards, MiddleBy, True Manufacturing, AIHO, Hamilton Beach, Hobart Corporation, Fujimak Corporation, Manitowac Company Inc., and Duke Manufacturing Co. Inc. Key companies focus on increasing their R&D capabilities to diversify their product range. They are also enhancing distribution channels and quality of the product with the introduction of new designs to increase their market share. Players in the kitchen equipment market are likely to face competition due to the presence of local manufacturer. This is likely to lead to the introduction of several products in the market during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.