The global portable buffet and drop-in ranges and drop-in ranges market was valued at USD 868.2 million in 2023 and is projected to exhibit a CAGR of 6.5% from 2023 to 2033. By the end of the said forecast period, a valuation of USD 1,629.7 million is expected.
Food preparation and serving machines that can be moved from location to location are becoming increasingly popular, as they offer convenience and flexibility to customers. Cuisine plays an important role in the character of most restaurants in most countries.
New equipment is also subject to regulations and codes. In order to maintain proper sanitation and safety in commercial kitchens, certain standard prerequisites must be met. It is important to choose buffet equipment that has been certified by a reputable organization such as the Underwriters Laboratories (UL), National Sanitation Foundation (NSF), or something similar.
Any further information regarding regulations relevant to a region should be obtained from the local health department. The rules of the game can change at any given time, and keeping up to date on the latest requirements can save businesses a great deal of time and money in the future.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | USD 815.2 Million |
| Expected Market Value (2023) | USD 868.2 Million |
| Anticipated Forecast Value (2033) | USD 1,629.7 Million |
| Projected Growth Rate (2023 to 2033) | 6.5% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for portable buffet and drop-in ranges is projected to increase at a CAGR of 6.5% during the forecast period between 2023 and 2033, reaching a total of USD 1,629.7 million in 2033, according to a report from Future Market Insights (FMI). There was a significant increase in sales, registering a CAGR of 3.3% between 2017 and 2021.
Increasing demand for food stalls and fast food delivery services on the market has pushed the market for portable buffets and drop-in ranges of products. It is becoming increasingly important for customers to find products that can integrate with their existing systems as technology advances.
It is becoming increasingly common for manufacturers to incorporate smart home assistants and wireless temperature monitoring into their products to make it easier for customers to manage their cooking and serving equipment.
In the coming years, manufacturers will release new models with a variety of innovative technologies and safety features, including electric drop-in ranges that support heat, digital thermostats, and advanced safety features that will ensure market growth.
Portable buffets and drop-ins are flourishing and evolving to meet changing customer demands in the market. As long as manufacturers pay attention to energy efficiency, versatility, durability, and the incorporation of technology, they are able to capitalize on these developments and provide products that customers expect.
With the Growth of Modular Kitchen and Appliances, Portable Buffets and Drop-in Ranges have Been Gaining Traction
With the increasing popularity of custom-built kitchens and the demand for a more minimal-looking kitchen, the market for these appliances in the kitchen has been booming. Modular design and open kitchens are expected to drive the market in various smart cities. In a kitchen island, drop-in ranges are often installed within the cabinetry of customized cabinetry to create a convenient cooking appliance that fits neatly into the space. For a more integrated appearance, these ranges are often installed above woodwork or cabinetry to give them the appearance of being built-in.
In order to maintain the quality and temperature of food, portable buffer warmers are expected to reach a high level of demand in the coming years. Interactive food stations are another trend within the world of foodies, along with traditional buffets. Modern buffets feature portable heating units that offer a seemingly endless variety of options.
The portable warmers are also renowned for their versatility as they can be set up separately for allergy-sensitive foods, allowing operators to separate warming areas for different types of food. Therefore, sales in the market are expected to increase.
The Future of Portable Buffets and Drop-in Ranges with High-end Functionalities is Promising
In the fast-paced and ever-evolving world of food trucks, pop-up restaurants, and other mobile food businesses, portable cooking and serving equipment is becoming increasingly sought-after in the market. This type of business can prepare and serve food more conveniently at a variety of locations without the need for a permanent kitchen setup with portable buffets and drop-in ranges.
Increasing street-side fast food and traditional pizza demands are likely to continue growing demand for these appliances in a cost-effective manner. Energy consumption is in constant flux, and consumers are becoming increasingly aware of ways to reduce costs and carbon footprint by planning their energy usage strategically.
A variety of portable buffets and drop-in ranges are now available that are equipped with energy-efficient heating elements, such as induction or infrared heating, allowing for reduced energy consumption and cost savings in the long run.
Principal Consultant
The High Cost of Portable Buffets and Drop-in Ranges Inhibit Industry Growth
In comparison to traditional stovetops and ovens, portable buffets and drop-in ranges typically provide smaller cooking capacities. The complexity of this can make it difficult to prepare multiple dishes simultaneously or cook for large groups.
In particular, high-end models with larger cooking capacities and additional features can be more costly than traditional appliances. In addition to being powered by electricity, portable buffets, and drop-in ranges can also be affected by power failures caused by storms or other emergencies. The use of these devices is also limited by the fact that they may require dedicated circuits to function.
Although portable buffets and drop-in ranges are constructed to be moved, moving them may not be as easy as expected. Besides being heavy, they're also bulky, making them difficult to transport and move. All these factors are expected to hamper the growth of the market.
Technological Advancements in the United States Will Drive Market
North America is expected to capture the largest market share of 37% by 2023 for portable buffets and drop-in ranges. Manufacturers in this region are constantly focusing on innovation in order to improve the functionality and efficiency of their products.
The North American industry has been a pioneer of technological advancements in kitchenware, including portable buffets and drop-in ranges. With the increasing demand for smart and digital features, portable and drop-in electric buffets and ranges are becoming more popular.
According to FMI, portable buffets and drop-in ranges revenue accounted for 37.2% of the USA market in 2022. This model provides solid performance and convenient features such as simmer burners and digital controls that are intelligent and cost-effective. Users in this region are more likely to spend more on models with the highest ratings on the market.
In comparison to less expensive models, these models don't often come with dual ovens or slide-ins, sleek front-mounted controls, or other major advantages. Dual fuel rangetops, gas rangetops, and electric ovens are becoming more prevalent, although they do not necessarily correlate to superior cooking performance.
Tourism Growth in Asia Pacific is Spurring Demand for Portable Buffet and Drop-in Ranges
According to the forecast, the Asia Pacific region will exhibit the highest growth rate during the forecast period. Growing urbanization and disposable income will drive portable buffets and drop-in ranges market growth. Market growth is attributed to the availability of a large population and the increasing attention given to mid-sized businesses.
China and India are expected to grow at a CAGR of 6.30% for portable buffets and drop-in ranges. Over the last few years’ countries like China, Japan, and India are experiencing a rise in convenience foods and a growth in home bakers. It is anticipated that these factors will result in an increase in demand for portable buffet ranges and drop-in ranges.
Electric ovens and cooktops are slowly becoming a popular household item in Japan. A series of technological advancements have been incorporated into everyday products or appliances to make it the leading consumer electronic market in the world.
Moreover, Asia is home to many important market participants, which is expected to fuel the market growth during the forecast period in countries like Japan and South Korea. Japan is further expected to hold a market share of 4.90% during the forecast period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Portable Gas Ranges are expected to grow at a Significant Rate
Portable gas ranges are expected to hold the largest market share in 2023, owing to the longer production runs that make them economically feasible in the market. As a result of self-cleaning and easy cleaning functions, smart technologies are becoming more economically viable and are likely to accelerate their growth. However, the portable gas range segment's growth is limited by fluctuating heat levels and emissions during the frying process.
A portable buffet and drop-in ranges will record a significant growth rate in the forecast period due to their highly cost-effective production and simmering capabilities. With a fast heat-up time, true convention, and a storage drawer, the market is expected to expand further in the near future.
Online Demand for Portable Buffets and Drop-in Ranges is Expected to Grow
Due to the discounts offered by the market, online retailers will hold the largest market share of 35% by the end of 2023. The growing number of chefs worldwide, the availability of portable buffets and drop-in ranges, and advanced equipment in developed countries are resulting in the segment dominating the market during the forecast period.
As a result of increased demand for easy and quick service and free installation facilities on the market, it is anticipated that sales of this equipment will increase in the future. A growing need for warranty periods, end-to-end services, and easy replacement within given timeframes has contributed to the market's growth.
Some of the start-ups in the commercial gas restaurant range market include
Leading players are introducing new advanced products and services to the global market. For flexible cooking, these companies use professional portable gas ranges and innovative technologies that are matched with professional cooking equipment.
The design of modern portable buffets and drop-in ranges and the integration of e-commerce will enhance the sales of these ranges in the market. In addition to mergers, acquisitions, partnerships, and product launches, market players will focus their efforts on product launches.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 868.2 Million |
| Market Value in 2033 | USD 1,629.7 Million |
| Growth Rate | CAGR of 6.50% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2033 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, Distribution Channel, 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 Countries, South Africa, Israel |
| Key Companies Profiled | Avantco Equipment; Vollrath; Cadco, Ltd.; Globe Food Equipment Company; APW Wyott; Hatco Corporation; Nemco Food Equipment; Warning Commercial; Adcraft; Fagor Commercial |
| Customization | Available Upon Request |
The market’s net worth is expected to be USD 868.2 million in 2023.
The projected market value is USD 1,629.7 million by 2033.
Growth of modular kitchens and high-end functionalities are key trend in the market.
High cost associated with drop-in ranges and portable buffets are challenging the market’s growth.
North America amasses massive market share of 37%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Portable Gas Ranges 5.2. Electric Buffet Ranges 5.3. Drop In Ranges 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Commercial 6.2. Residential 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Online Retailers 7.2. Specialty Stores 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Avantco Equipment 16.2. Vollrath 16.3. Cadco, Ltd. 16.4. Globe Food Equipment Company 16.5. APW Wyott 16.6. Hatco Corporation 16.7. Nemco Food Equipment 16.8. Waring Commercial 16.9. Adcraft 16.10. Fagor Commercial 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Process Automation Insights
View Reports
Portable Buffet and Drop-In Ranges Market
