Industry: Retail and Consumer | Publish Date: 11-Feb-2025 | No of Pages: 113 | No. of Tables: 80 | No. of Figures: 45 | Format: PDF | Report Code : RC2945
The Mexico Commercial Cooking Equipment Market size was valued at USD 414.6 Million in 2023, and is predicted to reach USD 612.4 Million by 2030, at a CAGR of 5.3% from 2024 to 2030. In terms of volume, the market size was 61 thousand units in 2023, and is projected to reach 112 thousand units by 2030, with a CAGR of 8.5% from 2024 to 2030.
Commercial cooking equipment encompasses a variety of appliances and tools crafted for professional kitchens in restaurants, hotels, and catering businesses. Designed for efficiency and safety, this equipment is built with durable materials to endure continuous use, reducing downtime and ensuring a seamless kitchen workflow. Modern designs emphasize energy efficiency, helping businesses lower utility costs and environmental impact. Investing in top-tier hospitality cooking equipment is essential for maintaining smooth operations, enhancing competitiveness, and boosting profitability in the food service industry.
The rapid growth of full-service restaurants in Mexico is a significant factor driving the expansion of the Mexico commercial cooking equipment market trends. These establishments, offering comprehensive dining experiences with diverse menus and table service, cater to the evolving culinary preferences of consumers nationwide. According to a 2022 report published by the Government of Canada, full-service restaurants (FSRs) dominated Mexico's foodservice industry in terms of sales, generating a total of USD 22.2 billion and accounting for 44.2% of the market's total value. Often specializing in a variety of cuisines, from traditional Mexican to international fusion, these establishments require a wide array of restaurant cooking equipment to efficiently prepare and serve their diverse menus. Additionally, full-service restaurants prioritize customer satisfaction and operational efficiency, leading them to invest in modern and advanced hospitality cooking equipment.
The surge in tourism across Mexico has led to a rapid increase in the number of hotels throughout the country. As more tourists flock to popular destinations such as beach resorts, cultural landmarks, and urban centers, the hospitality industry has responded by expanding its accommodation offerings. This proliferation of hotel establishments, driven by the growing demand from tourists, serves as a significant driver for the commercial cooking equipment market in Mexico.
For instance, Hyatt Hotels Corporation and Parks Hospitality Holdings have partnered to enhance Hyatt's presence in Mexico by introducing four new properties in key locations such as Mexico City, Los Cabos, and Cancun. Scheduled to open starting in 2024, these properties will include two Grand Hyatt hotels, a select-service option near Cancun International Airport, and the inaugural Park Hyatt brand in Cancun. As hotels strive to differentiate themselves and enhance the overall guest experience, they are investing in hospitality cooking equipment to ensure the quality and presentation of their food offerings meet the expectations of discerning travelers.
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. These regulations, enforced by governmental agencies and industry associations, mandate specific protocols for food handling, storage, and preparation to ensure safety and compliance. Non-compliance can lead to penalties and reputational damage.
Moreover, meeting emissions standards necessitates investments in ventilation and filtration systems, increasing complexity and costs. These regulatory burdens, combined with the financial strain of purchasing compliant equipment and ongoing maintenance, particularly impact small and medium-sized enterprises (SMEs). Ultimately, these challenges hinder the adoption of new cooking equipment, constraining the Mexico commercial cooking equipment market growth and expansion in the food service industry.
The incorporation of advanced technologies such as smart cooking appliances, IoT-enabled kitchen equipment, and automation solutions is set to drive a significant increase in the demand for hospitality cooking equipment in the coming years. These innovations enable businesses to enhance efficiency, productivity, and sustainability within their operations. Smart appliances, equipped with intelligent sensors and connectivity features, facilitate precise monitoring and control, optimizing cooking processes and elevating food quality. IoT-enabled equipment allows for real-time data monitoring and analysis, empowering kitchen staff to make informed decisions and adjustments to improve overall performance.
Meanwhile, automation solutions streamline repetitive tasks such as food preparation and cleaning, enabling staff to allocate more time to value-added activities. This integration not only enhances operational efficiency but also reduces energy consumption and minimizes waste, meeting the growing preference for sustainable practices in the food service industry.
The key players operating in the Mexico commercial cooking equipment industry include AB Electrolux, Haier Group, Hoshizaki America Inc., The Middleby Corporation, Illinois Tool Works Inc (Vulcan), ITW Food Equipment Group, Fagor Professional, Burkett, Broaster Company, Vollrath Foodservice, and others.
Broilers
Grills and Griddles
Cook Chill Systems
Refrigerators
Ovens
Dishwashers
Others
Small-Scale Equipment
Medium-Scale Equipment
Large-Scale Equipment
Full-Service Restaurants
Quick Service Restaurants
Catering
Railway Dining
Resorts & Hote
Hospitals
Others
AB Electrolux
Haier Group
Hoshizaki America Inc.
The Middleby Corporation
Illinois Tool Works Inc (Vulcan)
ITW Food Equipment Group
Fagor Professional
Burkett
Broaster Company
Vollrath Foodservice
Parameters |
Details |
Market Size in 2023 |
USD 414.6 Million |
Revenue Forecast in 2030 |
USD 612.4 Million |
Growth Rate |
CAGR of 5.3% from 2024 to 2030 |
Market Volume in 2023 |
61 thousand Units |
Market Forecast in 2030 |
112 thousand Units |
Volume Growth Rate |
CAGR of 8.5% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Market Volume Estimation |
Thousand Units |
Growth Factors |
|
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. |