The global commercial gas restaurant ranges market was valued at USD 13,497.6 million in 2022. As per FMI’s report, the market is poised to reach USD 14,240 million by 2023-end and is projected to exhibit a CAGR of 5.5% from 2023 to 2033. Restaurants in most countries are characterized by a rich culinary tradition.
Restaurants depend on commercial gas ranges for reliable, consistent cooking power and a cost-effective, efficient way to cook. Restaurant ranges have evolved into modern, streamlined designs that are more energy efficient and environmentally friendly in recent years.
Manufacturers will continue to introduce new models that feature innovative technologies, including induction heating and digital temperature controls, as well as advanced safety features in the coming years. Innovating features are being introduced by many manufacturers, such as vacuum-sealed cookers that can cook slowly, as well as customized options like griddle plates, wok burners, and open-top cooking ranges.
By customizing cooking space, restaurants are able to meet the needs of their customers. Commercial gas ranges will grow and evolve alongside the restaurant industry, giving restaurants more options that meet their budgets and needs in the market.
Data Points | Key Statistics |
---|---|
Estimated Base Year Value (2022) | USD 13,497.6 million |
Expected Market Value (2023) | USD 14, 240 million |
Anticipated Forecast Value (2033) | USD 24,324 million |
Projected Growth Rate (2023 to 2033) | 5.50% CAGR |
Several USA senators introduced the Natural Gas Appliances Standards (Natural GAS) Act of 2023, including John Barrasso (R-Wyo), Jim Risch (R-Idaho), Mike Lee (R-Utah), and Bill Cassidy (R-La.). Under this legislation, any decision by the Department of Energy that would outlaw sales of natural gas appliances will be blocked. A comparison of natural gas and other fuels for residential applications has shown that it significantly reduces raw energy consumption compared with other fuels, and it produces less air pollution compared with other fuels.
The Biden administration is attacking the gas appliances that are a critical part of keeping many Americans' homes warm and fed. As a result of the Natural GAS Act, Americans will not have to worry about the government getting into their kitchen or their furnace.
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From 2017 to 2022, sales of commercial gas restaurant ranges witnessed significant growth, registering a CAGR of 4.5%. Glass top cooking ranges are a popular choice among commercial kitchens because of their visual aesthetics.
With a demand for innovative designs, colors, and other features on products, the market is expected to gain a competitive advantage and be capable of providing superior products to customers. Due to the top-notch technology and easy installation, the market is expected to grow in the coming years.
Brand awareness is the key to increasing traffic and product discovery on the e-commerce platform. Increasing demand for portable commercial gas ranges for restaurants will further contribute to the market's growth.
Growing Demand for Small to Large-Scale Restaurants has Pushed the Market for Commercial Gas Restaurant Ranges
A wide range of technological innovations, such as more energy-efficient and inexpensive appliances for commercial kitchens, and the launch of new and advanced products, is expected to open new opportunities for market growth in the future.
Increasing home cooking and the popularity of home restaurants in developing regions have further propelled the growth of commercial gas restaurant ranges. With the growth of online sales and free delivery services by a wide range of business sectors, it is expected that the market will continue to grow.
A broad range of manufacturers will offer maintenance and service opinions to increase market demand. As easy-to-clean and customizable options are introduced to the market, the market is likely to expand.
Manufacturers will increase their provision of thermostats with adjustable temperature settings, which is expected to drive market growth. Commercial gas stoves have the advantage of evenly spreading the heat through the entire cooking area, increasing the range of dishes that can be prepared. As a result, cooking preparation for these machines is greatly reduced since the central part can be heated very quickly. Hence the market is expected to grow.
Gas Restaurant Ranges with Premium Features will Provide a Lucrative Market Opportunity
Culinary adventurers who are constantly searching for new techniques will find commercial-style ranges a great tool in the market. Premium commercial gas ranges are expected to grow in popularity in the restaurant business due to the demand for adjustable grates that will suit a variety of cooking techniques in the restaurant business.
Therefore, commercial gas restaurant ranges are in high demand due to a growing demand for high-quality, durable, and efficient cooking equipment. In recent years, the market for commercial gas restaurant ranges has grown rapidly due to consumers' growing demands for customizable gas ranges.
The High Development Costs of Commercial Gas Restaurant Ranges are Inhibiting Growth in the Industry
In recent years, the development of electric kitchens in commercial facilities as well as the need for cost-effective solutions has hindered the growth of commercial gas restaurants in the market. With the limited availability of control and accessory components which are easily available in electric stoves like tops, fans, and bottom grills, these limitations will further hinder the market growth.
Government initiatives to reduce environmental impacts and increasing demand to reduce greenhouse gases further impede market development. In New York City, for example, in 2021, a bill was passed requiring the use of gas in the construction of new buildings beginning in 2024 for those under seven stories and continuing in 2027 for buildings higher than seven stories. According to the UN, buildings emit about 70% of global greenhouse gases, hence this bill was passed in an effort to reduce carbon emissions.
Expansion of the Restaurant Businesses in the USA Will Drive the Adoption of Commercial Gas Restaurant Ranges
Due to the high consumer demand for restaurant food in North America, this region accounted for 40% of the market share for commercial gas restaurant ranges in 2023.
As restaurants become more and more aware of the importance of the restaurant market and demand for aesthetic designs in restaurants has fueled the market for commercial gas restaurant ranges. FMI projects that by 2022, the market shares of commercial gas restaurants rages reached 33.30% in the United States.
It is expected that the market will continue to grow due to the wide choice of available products, including open burner, French top, and griddle configurations, including double convection ovens.
Growing Food Chain Business in Asia Pacific has Led to a Surge in Demand for Commercial Gas Restaurant Ranges
Asia Pacific region is expected to grow at the fastest rate during the forecast period. Increasing disposable income, availability of a large population, and increasing focus on small food businesses have contributed to the growth of the market.
In countries like India and China, restaurants will be able to choose from a variety of styles, shapes, and designs, which will in turn positively affect demand for commercial gas restaurant ranges. Gas restaurant ranges for commercial use are expected to grow at a CAGR of 6.20% in China and India.
Due to the region's dynamic food service industry and increasing demand for high-quality cooking equipment, commercial gas restaurant ranges in the Asia Pacific region are expected to grow in the coming years.
The Asia Pacific region is home to key players such as Rational AG, Middleby Corporation, and Ali Group. The company offers a range of products specific to the needs of the regional food service market which has a diverse range of products to choose from.
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LPG Range is expected to grow at a Significant Rate
LPG range is expected to grow at a faster pace and reach a market value of 55% during the forecast period. Among all commercial gas ranges, LPG units are the most popular, as they offer the most efficient and consistent heating source.
Since gas is so beneficial to cooking, commercial kitchens are increasingly using gas as their main energy source. Cooking with LPG is one of the most common uses of gas. Gas fuels like LPG (Liquefied Petroleum Gas) are perfect for cooking, heating, driving, and industrial use. Hence demand LPG gas ranges is expected to grow demand for commercial gas ranges in the market.
Experienced chefs and kitchens in commercial settings need to work fast. In order to be efficient, they often deal with many customers at once. Besides providing heat faster, gas also cools faster, so chefs can control cooking temperatures much more easily for faster meal preparation. Hence the market is expected to grow in demand for LPG ranges.
Demand for Commercial Gas Restaurant Ranges in Hotels & Restaurants to Gain Traction
The hotel & restaurant segment accounted for the largest share of the market with 40.8% in 2023, driven by the increasing demand for fast food restaurants in the market. Commercial gas burner demand is increasing globally as luxury hotels and restaurants become more prevalent.
Due to space and capital limitations, hotels increasingly rely on commercial gas ranges to cook. Demand for hotels fluctuates with the seasons, and the price-setting process needs to take the responsiveness of the demand into consideration.
Food chain business competition and government initiatives to ensure hygienic restaurants further drive the growth of this market. As appliances become safer and regulations become more stringent, demand on the market will continue to increase.
Gas Ranges for Commercial Restaurants are Dominant in the Deck and Convention Oven Segments
The deck & convection oven segment dominated the applications market for commercial gas restaurant ranges accounting for 23% of the market value in 2023. Pizza popularity and increasing demand for Italian restaurants are expected to drive the deck oven market.
The popularity of bakeries and an increase in savory chefs are expected to increase sales of deck ovens in commercial gas restaurant ranges. This equipment can accommodate multiple convection chambers and decks, making it ideal for bakeries, restaurants, and retail stores seeking to use both the deck and convection baking techniques in the market. In addition to these models, proofing chambers are also available to order as an option.
Since Deck ovens have the advantage of being able to cook on the top or bottom of the oven, they are more versatile than convection ovens. Additionally, they quickly heat up, facilitating the cooking process in a timely manner.
It's common to find convection ovens that have a number of racks that can hold different kinds of food, as well as a broil setting to speed up the cooking process above the grilling setting, as well as a fan that circulates air throughout the oven. All these factors are expected to grow in demand for deck & conventional ovens.
Some of the start-ups in the commercial gas restaurant range market include
The global market is flooded with new advanced products and services being introduced by key players. Stainless steel cooktops and innovative technologies are used by these companies to reduce cleaning work.
Modern gas restaurant ranges will use miniature designs and digital technology to enhance their performance. Mergers, acquisitions, partnerships, and product launches will further be emphasized by market players.
Report Attribute | Details |
---|---|
Market Value in 2022 | USD 13,497.6 Million |
Market Value in 2033 | USD 24,324 Million |
Growth Rate | CAGR of 12% from 2022 to 2032 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Type, Power Source, Pricing, End-User, Application, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
Key Companies Profiled | GE Appliances; Middleby Corporation; ITW Food Equipment Group LLC; Electrolux AB; Comstock-Castle Stove Co., Inc.; Elica SPA; Whirlpool Corporation; Elster GmbH; Comet Kitchen Company; Kanteen India Equipments Co.; Jindal Gas Appliances Pvt. Ltd.; Shree Ambica Industries |
Customization | Available Upon Request |
North America generates a CAGR of 40% of the global demand in 2023.
The Asia Pacific market is projected to expand market growth in 2023.
The LPG range is projected to expand significantly at a value of 55% through 2033.
From 2017 to 2022, the global market exhibited a 4.5% CAGR.
Gas ranges for commercial restaurants are dominant in the market.
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