The restaurant industry has seen impressive technological advancements not only in commercial cooking equipment but also in the rise of “ghost” kitchens over the last ten years. These new trends are focused on reducing labor, energy, food wastage, and space in the kitchen. The global commercial cooking equipment market is expected to reach $12.9 billion by 2027, growing at a CAGR of 5.2 percent from 2021 to 2027 according to Allied Market Research. It is clear that the future of commercial cooking equipment is through technology. The Food Service, Hospitality, and Travel industries must be prepared to adapt to the changing times like they always have.
Which is why companies that manufacture commercial cooking equipment have invested a great deal of money in automation, cutting-edge appliances, and digital sensors to launch innovative products that have transformed the industry. These new innovations make cooking hassle-free and so much easier. As a result, customers can not live without them.
The biggest issue the industry has faced with delivering such products is the cost to make them. The high price has hindered the market but cooking equipment manufacturers have been thinking outside the box to solve this issue. Some ways to increase the use of technologically-advanced cooking equipment is by offering installment plan payment options with zero interest, and even leasing the products .
What is most interesting is the change in how people buy things. Affordable financing options has become popular among restaurant owners looking to invest in new kitchen equipment. For refrigeration manufacturers, the leasing payment option has seen a profit and has other cooking equipment manufacturers following the trend reaching out to a whole new demographic of customers that previously would not have been considered.
Now, let’s take a look at the infographic below that goes over the 5 Major Trends in Commercial Cooking Equipment. (Source: Chetu – Food Service Management Software)