US Commercial Cooking Equipment Market Size, Forecast, and Competitive Landscape: Explore Li Bang International's Potential in the US

US Commercial Cooking Equipment Market Outlook

The US commercial cooking equipment market is a dynamic and rapidly evolving sector, driven by advancements in technology, the growing demand for energy-efficient and durable cooking solutions, and the expansion of the foodservice industry. The market is expected to grow at a CAGR of 3%-6% between 2025 and 2029. Exact values for this market can be accessed upon purchasing the report. Key companies in the commercial cooking equipment market in the US include:

• Cleveland Kitchen Equipment
• Electrolux Professional
• Garland Group
• Middleby Corporation
• Vulcan

Li Bang International in the US commercial cooking equipment market

Li Bang International Corporation Inc. recently launched its IPO on the Nasdaq Capital Market in October 2024 under the ticker symbol LBGJ, creating a new opportunity for investors. Li Bang International specializes in stainless steel commercial kitchen equipment. With a strong focus on research and development (R&D), Li Bang International is committed to offering cutting-edge solutions. The company has established a robust global presence, partnering with top-tier manufacturers to deliver sustainable, cost-effective solutions. Li Bang's focus on innovation, quality control, and customer satisfaction positions it as a prominent player in the competitive international market.

How is the US commercial cooking equipment market segmented?

Product Type

• Ovens
• Fryers
• Ranges
• Others

End-User

• Restaurants
• Hotels
• Institutional Kitches
• Catering Services

Convection Ovens are widely used in commercial kitchens due to their efficiency in evenly cooking food at higher speeds compared to traditional ovens, making them a popular choice for restaurants and hotels. Quick-Service Restaurants (QSRs) are a leading end-user of commercial cooking equipment, as they require high-speed, high-volume cooking equipment like fryers and grills to meet customer demand for fast meals.

Why explore the US commercial cooking equipment market with Technavio?

The US commercial cooking equipment market has seen significant developments in recent years, driven by innovations in technology, shifting consumer preferences, sustainability concerns, and evolving industry needs. The rise of smart cooking equipment has become a major trend in the commercial kitchen space. Devices like smart ovens, convection ovens, and grills are increasingly equipped with IoT (Internet of Things) capabilities, allowing operators to monitor and control equipment remotely via mobile apps. This connectivity helps with maintenance tracking, energy management, and improving operational efficiency.

Automation continues to play a central role in the US commercial cooking equipment market, especially in foodservice operations like fast food and quick-service restaurants (QSRs). AI-powered fryers and smart grills are being integrated into commercial kitchens to ensure consistency, speed, and cost-efficiency in high-volume operations.

The increasing popularity of food delivery services has led to a surge in demand for cooking equipment designed specifically for quick preparation and high volume. Kitchen equipment is being optimized for speed and efficiency, with innovations such as rapid-heating ovens and high-speed cooking technologies becoming more prominent in kitchens catering to the delivery sector.

What market dynamics are influencing the US commercial cooking equipment market?

Driver: Expansion of Quick-Service Restaurants (QSRs)

• The quick-service restaurant (QSR) sector continues to grow, fueled by consumer preferences for fast, affordable meals. As QSRs strive for higher throughput and consistency, they are increasingly relying on speed-cooking equipment such as microwave ovens, toasters, and compact fryers. The need for automation and efficiency in high-volume environments makes advanced cooking equipment a necessity for QSRs looking to scale their operations.

Trend: Energy Efficiency and Sustainability

• With increasing energy costs and growing environmental awareness, there is a rising demand for energy-efficient cooking equipment. Many commercial kitchens are investing in Energy Star-rated appliances like induction cooktops, high-efficiency fryers, and energy-saving ovens to reduce energy consumption and lower operating costs. Additionally, foodservice operators are seeking equipment made from sustainable materials and designed to reduce food waste and carbon footprints.

Opportunity: Customization and Versatility

• As the US foodservice sector becomes more diverse, commercial kitchens are looking for customizable and versatile equipment to meet different cooking requirements. Modular kitchen systems, combination ovens, and multi-functional cooking equipment offer the flexibility to handle a variety of menu items, helping operators optimize kitchen space and improve workflow. This trend is especially relevant for cloud kitchens and ghost kitchens, where space and efficiency are critical.

Challenge: High Upfront Costs

• The shift toward high-efficiency cooking equipment that can lower electricity or gas use without compromising performance can pose a challenge for many companies, particularly small businesses. The higher upfront costs of these advanced technologies, which can deter small businesses or independent operators from investing in them.

Questions to consider when investing in the US commercial cooking equipment market

What are the market growth drivers?

• What factors are fueling growth in the commercial cooking equipment sector, such as technological advancements (e.g., IoT-enabled devices, automation), rising demand for energy-efficient and sustainable products, or the expansion of ghost kitchens and delivery-only models?

How is the market impacted by labor shortages?

• Given the ongoing labor challenges in the foodservice industry, how are companies addressing the need for automation and labor-saving technologies in commercial kitchens? Is there a clear demand for automated solutions such as robotic fryers and self-cleaning ovens?

What impact do labor costs and efficiency have on profitability?

• How are rising labor costs influencing demand for automated and multi-functional equipment? Are investors seeing better returns from companies that focus on products that help commercial kitchens operate more efficiently with fewer employees?

How is the post-pandemic recovery shaping the market?

• As the foodservice industry recovers from the COVID-19 pandemic, how are trends like takeout, delivery, and online ordering influencing commercial cooking equipment needs? Is there a long-term shift toward contactless solutions and health-focused cooking technologies?

What are the investment risks and barriers to entry?

• Are there significant barriers to entry in the commercial cooking equipment market, such as capital-intensive manufacturing, technological complexity, or high competition? What are the key risks associated with investing in this sector, including market saturation, supply chain disruptions, and price volatility of raw materials?

What are the supply chain and raw material risks?

• How dependent is the commercial cooking equipment market on specific raw materials, such as stainless steel, high-performance coatings, and electronic components? What potential risks exist in the global supply chain, especially considering recent disruptions (e.g., during the pandemic) and rising material costs?

For a detailed analysis of the US commercial cooking equipment market, buy the full report

How Can Technavio Reports Help Investors Make Better Business Decisions?

Key Features of a Technavio Report: 

• Comprehensive Market Analysis: Provides a detailed overview of the US commercial cooking equipment market, including market size, growth rate, segmentation, and regional analysis. 

• In-Depth

  Competitive Landscape:

  Offers insights into the competitive dynamics, market share and positioning, and product offerings of key players. 

• Future Market Trends: Identifies emerging trends and opportunities that can shape the future of the market. 

• Detailed Segmentation: Breaks down the market into various segments to help investors identify specific niches and target markets. 

• Expert Analysis: Provides expert insights and forecasts from industry analysts

FAQ

1. What is the current size of the US commercial cooking equipment market?

The US commercial cooking equipment market is valued in the billions, with continuous growth driven by technological advancements, automation, and the expanding foodservice industry. The market includes a wide range of products such as ovens, fryers, grills, and smart cooking systems. Growth is fueled by trends in quick-service restaurants (QSRs), ghost kitchens, and increased consumer demand for delivery-only services.

2. How is sustainability impacting the US commercial cooking equipment market?

Sustainability is a major driver in the US commercial cooking equipment market, with increasing demand for energy-efficient appliances. Operators are investing in Energy Star-rated equipment, such as induction cooktops and high-efficiency fryers, to lower energy consumption. Additionally, there is growing interest in eco-friendly materials and equipment designed to reduce food waste and carbon footprints.

3. What role does automation play in the US commercial cooking equipment market?

Automation is becoming a critical factor in the US commercial cooking equipment market due to ongoing labor shortages and the need for greater operational efficiency. Automated equipment like robotic fryers, self-cleaning ovens, and multi-functional cooking stations help reduce the reliance on human labor, streamline cooking processes, and improve consistency in high-volume kitchens.

4. How is the demand for energy-efficient cooking equipment affecting the market?

Demand for energy-efficient commercial cooking equipment is on the rise as operators seek to lower operational costs and reduce their environmental footprint. Appliances that meet Energy Star standards, such as induction cooktops and energy-saving ovens, are becoming increasingly popular. These appliances not only help restaurants save on energy bills but also align with sustainability goals.

5. What are the trends in commercial cooking equipment for quick-service restaurants (QSRs)?

In QSRs, there is a growing demand for high-speed cooking equipment that can prepare meals quickly and efficiently. Rapid-cook ovens, compact fryers, and multi-zone grills are becoming essential in these high-volume settings. Additionally, automation is key, with self-cooking systems and robotic fryers helping to reduce labor costs and improve speed.

US Commercial Cooking Equipment Market Report Table of Contents

1. Executive Summary

2. Scope of the Report

3. Market Landscape

3.1 Market Ecosystem

3.2 Market Characteristics

3.3 Market Segmentation Analysis

4. Market Sizing

4.1 Market Definition

4.2 Market Sizing 2024

4.3 Market Size and Forecast 2025-2029

4.4 Historic Market Size (2019-2023)

5. Impact of Technology

6. Five Forces Analysis

6.1 Bargaining power of buyers

6.2 Bargaining power of suppliers

6.3 Threat of new entrants

6.4 Threat of substitutes

7. Rivalry among competitors

8. Market Segmentation

9. Customer Landscape

10. Drivers and Challenges

11. Market Trends

12. Competitive Landscape

13. Appendix

13.1 Research Methodology

13.2 List of Abbreviations