Asia-Pacific Commercial Cooking Equipment Market by Product Type (Broilers, Grills and Griddles, Cook Chill Systems, Refrigerators, Ovens, Dishwashers and Others), by Size (Small-Scale Equipment, Medium-Scale Equipment and Large-Scale Equipment), and by End-User (Full-Service Restaurants, Quick Service Restaurants, Catering, Railway Dining, Resorts & Hotel, Hospitals and Others) - Opportunity Analysis and Industry Forecast, 2024– 2030
Industry: Retail and Consumer | Publish Date: 12-Feb-2025 | No of Pages: 198 | No. of Tables: 131 | No. of Figures: 96 | Format: PDF | Report Code : RC2932
Asia-Pacific Commercial Cooking Equipment (CCE) Market Overview
The Asia-Pacific Commercial Cooking Equipment (CCE) Market size was valued at USD 3.71 billion in 2023, and is predicted to reach USD 6.09 billion by 2030, at a CAGR of 6.8% from 2024 to 2030. In terms of volume, the market size was 543 thousand units in 2023, and is projected to reach 1119 thousand units by 2030, with a CAGR of 10.1% from 2024 to 2030.
Commercial cooking equipment market includes a variety of appliances and tools specifically designed for professional kitchens in restaurants, hotels, and catering services. This specialized equipment ensures efficiency and safety in food preparation, made from robust materials to endure continuous use and minimize downtime for smooth kitchen workflow.
Emphasizing energy efficiency, modern equipment aids businesses in reducing utility costs and environmental impact. Investing in top-quality hospitality cooking equipment is essential for achieving operational efficiency, enhancing competitiveness, and driving profitability in the food service sector.
Expansion of Hospitality and Tourism Sectors Drives the Asia-Pacific Commercial Cooking Equipment Market Growth
The commercial cooking equipment market in Asis-Pacific is currently witnessing significant growth, largely driven by the rapid expansion of the hospitality and tourism sectors. This growth is fueled by a burgeoning demand for high-quality culinary equipment, aimed at enhancing dining experiences across various establishments catering to both local clientele and international tourists.
The proliferation of Quick-Service Restaurants (QSRs) and the expansive growth of foodservice chains further amplify this demand. QSRs, in particular, are leveraging efficient and hospitality cooking equipment to meet the fast-paced demands of urban consumers, while foodservice chains are scaling their operations to meet the diverse culinary preferences of an increasingly affluent and mobile population.
New Hotel Construction Boosts the Asia-Pacific Commercial Cooking Equipment Market
The hospitality and tourism sectors in the Asia-Pacific commercial cooking equipment market is also benefiting significantly from the construction boom in new hotels across the region. As governments and private investors continue to invest heavily in tourism infrastructure, there is a corresponding rise in the need for specialized kitchen equipment tailored to meet the rigorous demands of hotel kitchens.
These kitchens require state-of-the-art appliances that can handle large-scale food production efficiently while maintaining high standards of food safety and quality. This trend not only presents lucrative opportunities for equipment manufacturers but also underscores the industry's commitment to innovation and sustainability, as hotels increasingly prioritize energy-efficient and environmentally friendly cooking solutions.
Stringent Regulatory Requirements and Compliance Standards Hinder the Market Growth
Stringent regulatory requirements, such as the International Food Standards (IFS) and the Food Safety Modernization Act (FSMA), pose significant challenges for businesses investing in new food service equipment.
Governmental agencies and industry associations enforce regulations that dictate strict protocols for food handling, storage, and preparation to ensure safety and compliance. Failure to adhere to these standards can result in penalties and damage to reputation.
Meeting emissions standards further requires investments in ventilation and filtration systems, which add complexity and costs. These regulatory obligations, coupled with the financial burden of purchasing compliant equipment and ongoing maintenance, disproportionately affect small and medium-sized enterprises (SMEs).
As a result, these challenges impede the adoption of new cooking equipment and constrain the Asia-Pacific commercial cooking equipment market growth within the food service industry of the region.
Integration of Advanced Technologies in Commercial Cooking Equipment Creates Future Market Prospects
Incorporating advanced technologies such as smart cooking appliances, IoT-enabled kitchen equipment, and automation solutions is poised to drive significant demand growth in hospitality cooking equipment.
These innovations enhance efficiency, productivity, and sustainability by enabling precise monitoring, real-time data analysis, and automation of repetitive tasks. Smart appliances with intelligent sensors optimize cooking processes, while IoT connectivity allows for informed decision-making and performance improvements. Automation streamlines operations, reducing energy consumption and waste, aligning with the industry's shift towards sustainable practices.
China Dominates the Asia-Pacific Commercial Cooking Equipment Market Share
China's burgeoning hospitality and tourism industry is fuelling the Asia-Pacific commercial cooking equipment market demand. Hotels, resorts, and entertainment venues are increasingly investing in state-of-the-art culinary equipment to elevate their food service offerings for both domestic and international tourists.
This surge in demand is exemplified by IHG's recent announcement of 24 new hotel projects across various Chinese cities, including Shanghai, Shenzhen, and Nanjing. This expansion underscores the industry's commitment to meeting the growing need for high-quality hospitality services in China's thriving tourism market.
Moreover, the rapid growth of China's foodservice industry is significantly driving the Asia-Pacific commercial cooking equipment market growth. With a burgeoning middle class and rapid urbanization, there's been an increase in dining-out preferences, leading to the establishment of diverse restaurants, cafes, hotels, and catering services.
Burger King's ambitious expansion plans in China, aiming to introduce 200 new outlets annually from 2023 onward, reflect the rising demand for quick service restaurants catering to convenience-seeking consumers, particularly the younger demographic. This growth trajectory underscores the continuous demand for essential commercial cooking appliances such as ovens, grills, fryers, and refrigeration units across the country.
Taiwan to Witness Substantial Growth in the Asia-Pacific Commercial Cooking Equipment Market Trends
Taiwan's hospitality industry is experiencing rapid growth, characterized by the extensive development and expansion of hotels across the region. These hotels serve as vital centers for accommodation, dining, and events, driving an increased demand for commercial cooking equipment sector.
The surge in new hotel constructions in 2023, including Sotetsu Grand Fresa Taipei Ximen, voco Chiayi, Wen Wan Resort, InterContinental Taichung, and Episode Daan Taipei, highlights the critical need for specialized culinary infrastructure.
This includes essential equipment such as large-scale cooking appliances, refrigeration units, and advanced kitchen ventilation systems, essential for meeting the dynamic demands of hotel kitchens and ensuring efficient culinary operations.
In addition to the rapid growth of Taiwan's hospitality industry, the increasing popularity of foodservice chains and dining establishments is also driving demand for commercial cooking. As urbanization continues and consumer preferences evolve, there is a growing demand for diverse culinary experiences across Taiwan.
This trend is fuelling the establishment of new restaurants, cafes, and quick-service outlets, all of which require modern and efficient cooking appliances to meet customer expectations for quality and efficiency.
This expansion presents opportunities for restaurant equipment manufacturers to innovate and provide solutions tailored to the diverse needs of Taiwan's vibrant foodservice sector.
Competitive Landscape
The market players operating in the Asia-Pacific commercial cooking equipment industry include AB Electrolux, Ali group SRL, Simco Group, John Bean Technologies Corp., Middleby Corporation, Haier Group, Hoshizaki Inc., Maruzen Co., Ltd., Marmon Foodservice Technologies, Duke Manufacturing Company and others.
Asia-Pacific Commercial Cooking Equipment Market Key Segments
By Product Type
-
Broilers
-
Grills and Griddles
-
Cook Chill Systems
-
Refrigerators
-
Ovens
-
Dishwashers
-
Others
By Size
-
Small-Scale Equipment
-
Medium-Scale Equipment
-
Large-Scale Equipment
By End-User Industry
-
Full-Service Restaurants
-
Quick Service Restaurants
-
Catering
-
Railway Dining
-
Resorts & Hote
-
Hospitals
-
Others
By Country
-
China
-
Japan
-
India
-
South Korea
-
Australia
-
Indonesia
-
Singapore
-
Taiwan
-
Thailand
-
Rest of Asia-Pacific
Key Players
-
AB Electrolux
-
Ali group SRL
-
Simco Group
-
John Bean Technologies Corp.
-
Middleby Corporation
-
Haier Group
-
Hoshizaki Inc.
-
Maruzen Co., Ltd.
-
Marmon Foodservice Technologies
-
Duke Manufacturing Company
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 3.71 Billion |
|
Revenue Forecast in 2030 |
USD 6.09 Billion |
|
Growth Rate |
CAGR of 6.8% from 2024 to 2030 |
|
Market Volume in 2023 |
543 thousand Units |
|
Market Forecast in 2030 |
1119 thousand Units |
|
Volume Growth Rate |
CAGR of 10.1% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Volume Estimation |
Thousand Units |
|
Growth Factors |
|
|
Countries Covered |
10 |
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
|
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
|
Market Size in 2023 |
USD 3.71 Billion |
|
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. |
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Report
Related Blogs
New Era is Here: Revolution Underway in the Food Preservative Industry
Introduction The Food Preservative Industry is undergoing...
Distilling the Future: Emerging Trends in the Extra Neutral Alcohol Market
Introduction Extra Neutral Alcohol (ENA), a high-proof, n...
Discover The Recent Trends of The Travel Retail & Duty-Free Industry
The travel retail & duty-free industry offers a tax-exem...
