The global commercial cooking equipment market is poised for significant growth, with an estimated increase of US$ 4.32 billion between 2024 and 2028. 

The global commercial cooking equipment market is set to experience a substantial growth trajectory, with an anticipated increase of US$ 4.32 billion from 2024 to 2028. The market, projected to grow at a CAGR of 5.97 per cent during this period, is primarily driven by the surge in food service establishments worldwide. As the demand for efficient, high-tech cooking solutions rises, manufacturers are innovating to meet the evolving needs of the food service industry.

A key trend contributing to market growth is the focus on technological advancements in cooking equipment. Innovations such as conveyor oven technology with variable airflow impingement, which significantly reduces cooking times, and electric griddles with pre-programmed menu uploads, are revolutionising commercial kitchens. These advancements not only streamline operations but also enhance productivity, making them highly desirable for restaurants, hotels, and catering services.

However, the market faces challenges, particularly due to the fluctuating prices of raw materials like stainless steel, a crucial component in manufacturing cooking equipment. The volatility in steel prices, exacerbated by supply chain disruptions during the COVID-19 pandemic, poses a significant hurdle for manufacturers and end-users alike.

Regionally, the Asia-Pacific (APAC) region is expected to contribute the most to market growth, accounting for 37 per cent of the global market share. Key markets include the US, China, Germany, Japan and the UK, with leading companies such as Ali Group, Electrolux Professional AB and HOSHIZAKI Corp. spearheading innovation in the sector.

In conclusion, the commercial cooking equipment market is on a robust growth path, driven by increasing demand for advanced cooking technologies, despite facing challenges related to raw material costs.