Commercial Baking Equipment Market by Type (Ovens, Mixers, Bread Slicers, Proofers & Retarders, Dough Sheeters & Rollers, and Others), by Application (Restaurants, Hotels & Catering, Bakeries, Pizzerias, and Others), and by Control Type (Manual, Semi-automatic, and Fully-automatic) - Global Opportunity Analysis and Industry Forecast 2023-2030

Market Definition

The global Commercial Baking Equipment Market was valued at USD 2.71 billion in 2022 and is predicted to reach USD 3.85 billion by 2030, expanding at a CAGR of 4.8% from 2023 to 2030. Commercial baking equipment are kitchen appliances that are used in various commercial areas of the food-service industry.

Commercial baking equipments are essential for dough blending, mixing, baking, and slicing bakery products. It includes equipment such as mixers, ovens, dough proofers, bread slices, and sheet pan racks among others. In addition, this equipment is used to process dough and for handling baked articles made from dough, including bread, cookies, biscuits, and cakes among others. 

Market Dynamics and Trends

The rising demand for convenience food products along with the high adoption of baking equipment in restaurants, hotels, and bakeries are driving the growth of the commercial baking equipment market. Also, the increasing trend of online food ordering, targeted advertising, and social media campaigns coupled with consumers’ inclination towards dining out in restaurants and hotels across the globe are expected to propel the growth of the commercial baking equipment market.

Moreover, increasing consumer inclination toward eating healthy and organic food such as whole grains, plant-based ingredients, allergen-friendly options, and others is expected to open new growth avenues for the commercial baking equipment industry. Furthermore, the growing technological advancements in the commercial baking equipment including automatic temperature control, touchscreen, smart ovens, and inbuilt safety sensors boost the growth of the market.

The high installation cost of the baking equipment is expected to restrain the market's growth. On the contrary, the incorporation of advanced technologies and automation such as AI-driven features and automated control to improve efficiency, precision, and productivity are expected to create ample growth opportunities for the market in the coming years. For instance, in June 2021, AMF Bakery Systems launched an AI-driven quality control solution for pizza toppings, enhancing precision and efficiency. The technology employs AI to optimize quality assurance, elevating product excellence standards. 

Market Segmentations and Scope of the Study

The commercial baking equipment market is segmented on the basis of type, application, control type, and region. On the basis of type, the market is divided into ovens, mixers, bread slices, proofers & retarders, dough sheeters & rollers, and others. On the basis of application, the market is classified into restaurants, hotels & catering, bakeries, pizzerias, and others.

On the basis of control type, the market is categorized into manual, semi-automatic, and fully-automatic. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and Rest of World (RoW).

Geographical Analysis

North America holds the dominant share of the commercial baking equipment market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the expansion of global manufacturers of baking equipment across the country to boost their operations. For instance, in February 2023, Rademaker launched a new facility in the U.S. to meet the growing consumer demand. The new facility is expected to significantly increase Rademaker's capacity to serve the commercial baking sector, demonstrating its commitment to meet evolving market demands.

Also, the presence of prominent companies in the region that are engaged in the rapid expansion of their businesses through various business strategies boosts the market growth for the commercial baking equipment in this region. For instance, in February 2023, Middleby Corporation acquired Escher Mixers to extend its presence in the industrial baking sector, thereby expanding its portfolio and capabilities by lowering production costs and enhancing efficiency.

On the other hand, Europe is expected to show a steady rise in the commercial baking equipment market during the forecast period, due to the introduction of bakery equipment by the local companies across the region to fulfil the customer demand. For instance, in November 2021, Mychef launched a new line of oven ranges to provide tailored solutions for restaurant, hotel, and catering service businesses.

In addition, high bread consumption in most households for breakfast as bread is considered a staple food in this region, is expected to drive the commercial baking equipment market growth. According to a report published by the European Regional Development Fund (ERDF) in 2021, the average person consumes 57 kilograms of bread and bakery products per year in Europe. However, bread consumption varies greatly from country to country, with most countries averaging 50 kilograms per person per year. 

Competitive Landscape

The commercial baking equipment industry comprises of various market players such as The Middleby Corporation, Edward Don & Company, Baxter, Bongard, Imperial, Erika Record LLC, Pritul Bakery Machines, Revent, Doyon, Empire Bakery Equipment and others. These market players are adopting various strategies such as product launches across various regions to maintain their dominance in the commercial baking equipment market. For instance, in October 2021, Baker Perkins launched a new food equipment brand Infusent for the infused food industry. Infusent makes candies, jellies, toffees, and more. 

Moreover, in January 2021, Together Means Greater (TMG) acquired a majority stake in Auto-Bake Industries Ltd. (ABI), allowing clients to produce artisan-style bagels on high-performance industrial equipment. This acquisition strengthens the international footprint of both MECATHERM and ABI LTD to expand their product offerings of innovative solutions for industrial bakers.

KEY BENEFITS

• The commercial baking equipment market report provides a quantitative analysis of the current market and estimations throughout 2023-2030 that assist in identifying the prevailing industry opportunities to capitalize on.

• The study comprises a deep dive analysis of the current and future commercial baking equipment market trends, for depicting the prevalent investment pockets.

• The information related to key drivers, restraints, and opportunities and their impact on the commercial baking equipment market is provided in the report.

• The competitive analysis of the key players along with their market share in the commercial baking equipment industry, is provided in the report.

• The SWOT analysis and Porter’s Five Forces model is elaborated on in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles. 

COMMERCIAL BAKING EQUIOMENT MARKET KEY SEGMENTS

By Type

• Ovens

• Mixers

• Bread Slicers

• Proofers & Retarders

• Dough Sheeters & Rollers

• Others

By Application

• Restaurants

• Hotels & Catering

• Bakeries

• Pizzerias

• Others

By Control Type

• Manual

• Semi-automatic 

• Fully-automatic

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION: