Global Commercial Griddle Market 2018-2022
About Commercial Griddle
The commercial griddle market is expected to be highly concentrated by the end of 2022. The vendors in the market are trying to compete effectively based on the technology, research and developmental activities, brand, and labor. Vendors of the electric griddle market are also focusing on differentiating their products based on several factors such as the innovation, quality of products, regulatory compliance, and the price. Based on the control and analysis of the commercial griddle market can be segmented into commercial griddles with manual controls and commercial griddles with thermostat controls. The preference for commercial griddles with thermostat controls is high among operators because it enables them to select the precise cooking temperature for various food products. The integration rate of thermostat controls in griddles is increasing because it offers consistent performance in comparison to commercial manual griddles. This will boost the growth prospects for the electric griddle market in the thermostat controls segment.
Technavio’s analysts forecast the global commercial griddle market to grow at a CAGR of 6.05% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial griddle market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of commercial griddle.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Griddle Market 2018-2022
Technavio recognizes the following companies as the key players in the global commercial griddle market: Electrolux, Illinois Tool Works, Middleby Corporation, Standex International Corporation, The Vollrath Company, and Welbilt
Other Prominent Vendors in the market are: AccuTemp products, Ali, American Range, Anvil, Avantco Equipment, Blaze Grills, Cooking performance Group, ELAG Products, and Equipex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is availability of technologically advanced models of commercial griddles. The rising demand for food products prepared using commercial griddles and the introduction of ENERGY STAR certified commercial griddles will further boost the adoption of these products and positively influence the commercial griddles market. Several vendors are providing additional pre-programmed menu options such as digital controls and touchscreens, which in turn, will offer improved control to several operators.”
According to the report, one of the major drivers for this market is growing preference for energy-efficient cooking equipment. The rising demand for commercial cooking equipment with advanced functioning in terms of energy consumption, capacity, and costs is encouraging manufacturers to introduce commercial griddles with energy-efficient features. Energy-efficient commercial griddles reduce the cooking time by almost 50% when compared to other standard models of commercial griddles due to the presence of dual-side cooking options. Garland Group, a subsidiary of Welbit, has already launched a double-sided griddle with advanced temperature features.
Electrolux, Illinois Tool Works, Middleby Corporation, Standex International Corporation, The Vollrath Company, Welbilt, AccuTemp products, Ali, American Range, Anvil, Avantco Equipment, Blaze Grills, Cooking performance Group, ELAG Products, and Equipex.