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Commercial Cooking Equipment Manufacturing in the US Industry Data and Analysis
The Commercial Cooking Equipment Manufacturing industry has thrived, despite volatility. The industry surged following the pandemic as consumers flocked to restaurants, pushing downstream clients to ramp up investment. With consumers splurging on dining experiences, restaurants and food-service companies poured money into commercial cooking equipment to meet demand and adapt to the evolving restaurant scene, prompting revenue growth of double digits in 2021 and 2022 for the industry. Industry revenue is expected to climb at a CAGR of 8.0% through 2025, reaching $8.4 billion. In 2025 alone, industry revenue is forecast to rise 3.7%, with the average profit margin climbing to 12.8%.Commercial cookware manufacturing remains relatively concentrated as large, vertically integrated manufacturers snap up smaller ones to access new technology or acquire reputable brands. The top four companies now account for about half of total revenue, generating sizable margins that have caused profitability to nearly double in recent years. Nonetheless, there are a plethora of small commercial cooking equipment manufacturers, providing niche or ancillary products for downstream customers. Across the industry, companies have moved to meet changing restaurant preferences, introducing electric, energy‑saving gear like induction cooktops, efficient combi and convection ovens, fast‑recovery fryers and ventless models. However, manufacturers have faced competition from imported products, particularly from high-quality cooking equipment.An increase in aggregate private investment, per capita disposable income and consumer spending, along with higher restaurant patronage, will propel manufacturers in the near term. Innovative restaurant concepts and the rapid expansion of US and foreign chains into international markets will spur the replacement and upgrading of existing equipment. As a result, industry revenue is forecast to grow at a CAGR of 2.3% to reach $9.4 billion through 2030. However, manufacturers are also expected to face increasing uncertainty from changing trade tides as a result of tariffs enacted by the Trump administration beginning in 2025. Companies will look to respond to trade uncertainty by adjusting sourcing strategies and emphasizing compliance with tariff-free sourcing rules of origin, keeping both imports and exports flows essential to the commercial cookware market.
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What's included in this industry analysis
IBISWorld's research coverage on the Commercial Cooking Equipment Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Commercial Cooking Equipment Manufacturing industry in the United States operates under the NAICS industry code OD5932. This industry manufactures commercial cooking equipment for end customers, such as restaurants, hotels and military establishments. The industry manufactures products including coffee makers, fryers, microwaves, ovens and ranges, corn poppers, stoves, warmers, hot plates, steamers and water heaters. Enterprises that manufacture commercial dishwashers, refrigerators, laundry dryers and washing machines are not included in this industry. Related terms covered in the Commercial Cooking Equipment Manufacturing industry in the United States include radio-frequency identification (rfid), full-service restaurant, chain restaurants, quick-service restaurant and fast-casual restaurant.
What's included in this industry?
Products and services covered in Commercial Cooking Equipment Manufacturing industry in the United States include Electric primary cooking equipment, Serving, warming and storage equipment and Other.
What companies are included in this industry?
Companies covered in the Commercial Cooking Equipment Manufacturing industry in the United States include The Middleby Corporation, Illinois Tool Works Inc. and Welbilt, inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Commercial Cooking Equipment Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Commercial Cooking Equipment Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Commercial Cooking Equipment Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Commercial Cooking Equipment Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Commercial Cooking Equipment Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Commercial Cooking Equipment Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Commercial Cooking Equipment Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Commercial Cooking Equipment Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Commercial Cooking Equipment Manufacturing industry in the United States in 2026?
The market size of the Commercial Cooking Equipment Manufacturing industry in the United States is $8.4bn in 2026.
How many businesses are there in the Commercial Cooking Equipment Manufacturing industry in the United States in 2025?
There are 268 businesses in the Commercial Cooking Equipment Manufacturing industry in the United States, which has grown at a CAGR of 1.2 % between 2020 and 2025.
How may import tariffs affect the Commercial Cooking Equipment Manufacturing industry in the United States?
The Commercial Cooking Equipment Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Commercial Cooking Equipment Manufacturing industry in the United States?
The Commercial Cooking Equipment Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Commercial Cooking Equipment Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Commercial Cooking Equipment Manufacturing industry in the United States has been growing at a CAGR of 8.0 % between 2020 and 2025.
What is the forecast growth of the Commercial Cooking Equipment Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Commercial Cooking Equipment Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Commercial Cooking Equipment Manufacturing industry in the United States?
The biggest companies operating in the Commercial Cooking Equipment Manufacturing industry in the United States are The Middleby Corporation, Illinois Tool Works Inc. and Welbilt, inc.
What does the Commercial Cooking Equipment Manufacturing industry in the United States include?
Manufacturing commercial fryers and Manufacturing commercial microwaves are part of the Commercial Cooking Equipment Manufacturing industry in the United States.
Which companies have the highest market share in the Commercial Cooking Equipment Manufacturing industry in the United States?
The company holding the most market share in the Commercial Cooking Equipment Manufacturing industry in the United States is The Middleby Corporation.
How competitive is the Commercial Cooking Equipment Manufacturing industry in the United States?
The level of competition is high and steady in the Commercial Cooking Equipment Manufacturing industry in the United States.
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