Market Forecast By Product Type (Fryers, Ovens, Cookers, Kettles, Steamers, Cook-Chill Systems, Braising Pans/Tilting Skillets, Others), By End-User (Full Service Restaurant & Hotels, Catering Service, Quick Service, Others) And Competitive Landscape
Product Code: ETC005924 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Commercial Cooking Equipment market currently, in 2023, has witnessed an HHI of 1485, Which has decreased slightly as compared to the HHI of 1581 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Commercial Cooking Equipment Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Hospitality |
The India Commercial Cooking Equipment Market Report thoroughly covers the market by product type and end user. The India Commercial Cooking Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing India Commercial Cooking Equipment Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India commercial cooking equipment market is anticipated to rise significantly during the forecast period, driven by factors such as increasing demand from food service establishments, rising disposable income of consumers, and growing urbanization. The market is characterized by the presence of both domestic and international players offering a wide range of products including ovens, grills, fryers, and refrigeration equipment.
According to 6Wresearch, India Commercial Cooking Equipment Market size is projected to rise at a CAGR of 4.5% during 2025-2031. The market for commercial cooking equipment in India is primarily driven by the growing food and hospitality industry, increasing disposable income of consumers, and changing consumer preferences towards convenient and ready-to-eat meals. Moreover, the booming restaurant and catering industry in India is also contributing to the growth of the commercial cooking equipment market. The rise in the number of restaurants, cafes, and food outlets has led to a rise in demand for efficient and high-quality commercial cooking equipment.
However, the market for commercial cooking equipment in India also faces several challenges. One of the major challenges is the high cost of these equipment, which may not be affordable for small and medium-sized businesses. Moreover, with the increasing competition from local manufacturers offering cheaper alternatives, established players may face pricing pressure in the market.
Some of the key players in the India Commercial Cooking Equipment Market include companies like TTK Prestige Ltd, Bajaj Electricals Limited, Whirlpool Corporation, and Electrolux AB. These companies are constantly investing in research and development to introduce innovative and energy-efficient cooking equipment to meet the changing consumer demands. These players have been contributing to the India Commercial Cooking Equipment growth.
Indian government has also taken several initiatives to promote the growth of the food and hospitality industry, which in turn is expected to drive the demand for commercial cooking equipment. For instance, the government's "Make in India" campaign aims to boost manufacturing within the country and reduce dependence on imports. This has led to many international companies setting up their manufacturing units in India, thereby increasing the availability of quality commercial cooking equipment in the market.
The Indian commercial cooking equipment market is expected to continue its growth trajectory. As more and more consumers opt for eating out and ordering food, the demand for efficient and innovative cooking equipment will only increase. Moreover, with the government's continued support through policies and initiatives, the market is likely to witness further growth and development in the coming years
According to Moksh, Senior Research Analyst, 6Wresearch, fryers are expected to have the highest growth rate in the coming years. Fryers are widely used in commercial kitchens for deep frying foods such as French fries, chicken nuggets, and other popular menu items. They come in various sizes and capacities to cater to the diverse needs of different types of restaurants and food joints.
Full-service restaurants & hotels segment hold the largest share in the India commercial cooking equipment market. The growth of this segment can be attributed to the rising number of hotels and restaurants in the country, coupled with the growing trend of eating out. As more people prefer dining out for special occasions and events, there is a constant need for reliable and high-quality cooking equipment in the hospitality industry.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Commercial Cooking Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Commercial Cooking Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Commercial Cooking Equipment Market - Industry Life Cycle |
3.4 India Commercial Cooking Equipment Market - Porter's Five Forces |
3.5 India Commercial Cooking Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Commercial Cooking Equipment Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Commercial Cooking Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Commercial Cooking Equipment Market Trends |
6 India Commercial Cooking Equipment Market, By Types |
6.1 India Commercial Cooking Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Commercial Cooking Equipment Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Commercial Cooking Equipment Market Revenues & Volume, By Fryers, 2021 - 2031F |
6.1.4 India Commercial Cooking Equipment Market Revenues & Volume, By Ovens, 2021 - 2031F |
6.1.5 India Commercial Cooking Equipment Market Revenues & Volume, By Cookers, 2021 - 2031F |
6.1.6 India Commercial Cooking Equipment Market Revenues & Volume, By Kettles, 2021 - 2031F |
6.1.7 India Commercial Cooking Equipment Market Revenues & Volume, By Steamers, 2021 - 2031F |
6.1.8 India Commercial Cooking Equipment Market Revenues & Volume, By Cook-Chill Systems, 2021 - 2031F |
6.1.9 India Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 India Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 India Commercial Cooking Equipment Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 India Commercial Cooking Equipment Market Revenues & Volume, By Full Service Restaurant & Hotels, 2021 - 2031F |
6.2.3 India Commercial Cooking Equipment Market Revenues & Volume, By Catering Service, 2021 - 2031F |
6.2.4 India Commercial Cooking Equipment Market Revenues & Volume, By Quick Service, 2021 - 2031F |
6.2.5 India Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Commercial Cooking Equipment Market Import-Export Trade Statistics |
7.1 India Commercial Cooking Equipment Market Export to Major Countries |
7.2 India Commercial Cooking Equipment Market Imports from Major Countries |
8 India Commercial Cooking Equipment Market Key Performance Indicators |
9 India Commercial Cooking Equipment Market - Opportunity Assessment |
9.1 India Commercial Cooking Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Commercial Cooking Equipment Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Commercial Cooking Equipment Market - Competitive Landscape |
10.1 India Commercial Cooking Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Commercial Cooking Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |