900 Series Cooking Equipment Market

900 Series Cooking Equipment Market Overview

The global 900 Series Cooking Equipment Market size was valued at USD 55.90 billion in 2023 and is predicted to reach USD 63.33 billion by 2030 with a CAGR of 1.8% from 2024-2030. The market for 900 series cooking equipment refers to a segment within the commercial kitchen equipment industry, primarily focused on a range of modular, high-performance appliances designed for professional kitchens.

These professional cooking systems are widely used in restaurants, hotels, and catering businesses where large-scale food preparation is essential. The equipment includes various types of ovens, grills, fryers, ranges, and other cooking devices, all engineered to meet the high demands of commercial kitchens.

The market primarily serves industries that require durable, long-lasting, and high-capacity cooking solutions. These products are essential for maintaining high standards in food preparation, ensuring consistency, speed, and efficiency in busy kitchen environments.

Leading brands in this space focus on offering modular cooking equipment that integrates the latest cooking technologies, such as touch controls, automation, and multi-functionality, while ensuring compliance with food safety and kitchen hygiene standards.

Market Dynamics and Trends

The growing tourism sector across the globe is driving the expansion of the hospitality industry, including the construction of new hotels, restaurants, and other foodservice chains, driving the demand for heavy-duty kitchen equipment.

A report by World Travel and Tourism Council states that the Travel & Tourism sector contributed 9.1% to the global GDP in 2023, marking a notable increase of 23.2% from 2022. Such growth in the tourism and hospitality industry is driving the 900 series cooking equipment market demand, which in turn drives the growth of the sector.

Moreover, the increasing number of quick-service restaurants (QSRs) across the globe such as McDonald, Starbucks, and KFC further drive the demand for industrial cooking solutions to support their fast paced and high volume of orders.

For instance, McDonald's aims to reach 50,000 restaurants worldwide by 2027 and plans to leverage Google Cloud technology to enhance customer experiences and operations across thousands of its locations globally, starting in 2024. Similarly, Starbucks anticipates having approximately 45,000 stores worldwide by the end of 2025, further boosting the need for efficient cooking equipment, thereby driving the 900 series cooking equipment market growth.

However, the high cost of cooking equipment due to the stringent government regulations concerning food safety and emissions restrains the 900 series cooking equipment market expansion. On the contrary, the emergence of smart cooking appliances, IoT-enabled kitchen equipment, and automation solutions is anticipated to create ample growth opportunities in the growth of the market in the coming years.

These technologies allow companies to improve their functioning, becoming more efficient, productive, and sustainable. Smart appliances with advanced sensors and connectivity features enable accurate monitoring and control, improving cooking processes and elevating food quality.

Market Segmentations and Scope of the Study

The 900 series cooking equipment market report is segmented on the basis of product type, size, end-user, and region. Based on product type, the market is divided into broilers, grills & griddles, cook-chill system, refrigerators, ovens, dishwashers, and other products. On the basis of size, the market is classified into small-scale equipment, medium-scale equipment, and large-scale equipment. Based on end-user, the market is segmented into full-service restaurants, quick service restaurants, catering, railway dining, resorts & hotel, hospitals, and other end users. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the 900 series cooking equipment market share and is expected to continue its dominance during the forecasted period. This is due to the rapidly growing demand and consumption of fast food in North America, driven by the fast-paced lifestyles of the consumers and the presence of major QSR companies in this region, is driving the QSRs in North America.

According to the latest report published by the U.S. Government, Americans spend an average of USD 1,200 yearly on convenience foods, totalling around USD 110 billion across the country. As the popularity of fast food grows in this region, the demand for commercial cooking equipment in poised to rise in this region.

Moreover, the presence of key market players such as Alto Shaam Inc and AB Electrolux further drives the growth of the 900 series cooking equipment market. These companies are consistently developing advanced cooking solutions to enhance efficiency, performance, and sustainability, catering to the evolving needs of the foodservice industry.

For instance, in January 2024, Alto-Shaam partnered with LMS Associates to launch its complete commercial kitchen equipment systems in Texas and Oklahoma. This partnership aims to expand the availability of Alto-Shaam's innovative commercial cooking equipment solutions in these regions, enhancing their presence and providing advanced, efficient kitchen systems to a broader range of foodservice businesses.

On the other hand, Asia-Pacific is expected to show a steady rise in 900 series cooking equipment market trends over the forecast period due to the growing tourism sector in countries such as Japan, China, and South Korea.

For instance, Japan accommodated 25.06 million tourists, while South Korea registered about 10 million tourists in 2023 from across the globe. With such rise in the rising of domestic and international tourists visiting Asian countries, the demand for accommodation, dining, and entertainment services in this region is on the rise, boosting the 900 series cooking equipment market expansion in this region.

Moreover, with the growing number of domestic and global QSR and FSR companies in countries such as China, India, and Japan, driven by the rising demand for convenient dining options and experiencing diverse cuisine from across the globe, further boosts the market growth.

For instance, IHG, the one of the major global hotel groups, announced to build 24 new hotel projects in various regions of China, including Shanghai, Shenzhen, and Nanjing among others. Also, Wendy's, the American fast-food chain, is set to open 200 restaurants in Australia by 2034. This growth in the hospitality industry boosts the overall market demand in this region.

Competitive Landscape

The 900 series cooking equipment industry is comprising of various market players such as Rosinox, Charvet, Alto-Shaam, Inc., Capic, ATA SRL, AB Electrolux, Stainless Steel Product Ltd., Fagor Industrial, Modular Professional Srl, Hoshizaki Inc, Vulcan, JBT Corporation, Duke Manufacturing, Haier Group, and Hobart Corporation among others. These companies are implementing various product launches and innovations in kitchen appliances to maintain their foothold in the sector.

For instance, in April 2024, Hoshizaki acquired Turkish food service equipment manufacturer Oztiryakiler. The step is part of Hoshizaki's strategy to strengthen its global product supply capabilities and expand its presence in the European, Middle Eastern, African, and Asian markets.

Moreover, in April 2023, Duke Manufacturing launched the Duke Waterless Hot Food Well cooking equipment. The equipment features a precise temperature control, keeping starchy foods such as rice and mashed potatoes hot without scorching.

Key Benefits

• The report provides a quantitative analysis and estimations of the 900 series cooking equipment market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future 900 series cooking equipment market trends to depict prevalent investment pockets in the sector.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report. 

• Competitive analysis of the key players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

900 Series Cooking Equipment Market Key Segments

By Product Type

• Broilers

• Grills and Griddles

• Cook-Chill Systems

• Refrigerators

• Ovens

• Dishwashers

• Other Products

By Size

• Small-scale Equipment

• Medium-scale Equipment

• Large-scale Equipment

By End User 

• Full-Service Restaurants

• Quick-Service Restaurants

• Catering

• Railway Dining

• Resorts & Hotel

• Hospitals

• Other End Users

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  •  Rest of Asia Pacific

• Rest of World

  • Latin America

  • Middle East

  • Africa

Key Players

• Rosinox

• Charvet

• Alto-Shaam, Inc

• Capic

• ATA SRL

• AB Electrolux

• Stainless Steel Product Ltd

• Fagor Industrial

• Modular Professional Srl

• Hoshizaki Inc

• Vulcan

• JBT Corporation

• Duke Manufacturing

• Haier Group

• Hobart Corporation

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 55.90 Billion
Revenue Forecast in 2030	USD 63.33 Billion
Growth Rate	CAGR of 8.7% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Growing tourism industry across the globe drives the market Rising QSR and FSR sector worldwide boosts the market growth
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.