The commercial electric cooking equipment market is anticipated to grow at a significant CAGR of 5.1% during the forecast period (2022-2028). Commercial electric cooking equipment are used to cook food using electrical energy. The major factor driving the growth of the market includes the increasing demand for electrical cooking equipment globally. Due to the advancement in technology, the electrical cooking equipment available today in the market are safe and reliable.
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The global commercial electric cooking equipment market is segmented based on the type and application. Based on the type, the market is sub-segmented into induction hobs, commercial hotplates, and ceramic hobs. Among these types, the induction hobs segment is expected to propel the growth of the market due to the increasing demand and usage of induction hobs in the commercial segment globally. Based on the application, the market is sub-segmented into restaurants, hotels, and others.
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The major market players in the global commercial electric cooking equipment market include ITW, Manitowoc, Siemens Inc., Middleby, Electrolux Inc., Fujimak, Midea, Pochee, Rational, Elecpro, Duke, Thermador, KingBetter among others. These market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ITW, Manitowoc, Siemens Inc., Middleby, Electrolux Inc., Fujimak, Midea, Pochee, Rational, Elecpro, Duke, Thermador, and KingBetter, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Commercial Electric Cooking Equipment Market Report by Segment
By Type
- Induction Hobs
- Commercial Hotplates
- Ceramic Hobs
By Application
- Restaurants
- Hotels
- Others
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