The commercial catering equipment market has experienced significant growth in recent years, expanding from $11.37 billion in 2023 to $12.03 billion in 2024. This growth can be attributed to a variety of factors, including rising disposable incomes, the expansion of the global hospitality and tourism sector, and increased urban migration, which has fueled demand for food services. As a result, there has been a greater need for commercial catering equipment in restaurants, cafes, quick-service outlets, and other food service establishments.
Commercial catering equipment encompasses specialized tools, appliances, and machines used in professional kitchens to efficiently prepare, cook, store, and serve food on a large scale. These include categories such as food handling equipment, refrigeration units, and food preparation machinery. Designed for high-volume operations, these tools are essential for maintaining efficiency, safety, and food quality in commercial kitchens. The equipment is distributed through both offline and online sales channels and is used across various sectors, including restaurants, hotels, and more.
The increasing number of restaurants is expected to continue driving growth in the commercial catering equipment market. Restaurants that provide prepared meals and beverages in exchange for payment have seen an increase in demand due to changing consumer preferences, growing interest in dining out and evolving lifestyles. To meet operational needs, restaurants rely heavily on commercial catering equipment to maintain quality standards, ensure safety, and manage operational costs effectively. For instance, according to the National Restaurant Association, the number of restaurant establishments in the U.S. grew to 749,404 in 2023, a notable increase from previous years. This rise in the number of dining establishments underscores the growing demand for commercial catering equipment.
