Global Electric Griddle Market 2017-2021
About Electric Griddles
Commercial griddles are among the essential equipment in most commercial kitchens and are mostly used in restaurants, steakhouses, cafes, pubs, hotels, and catering companies. Commercial griddles are useful for cooking delicate foods such as eggs, pancakes, frozen food, meat, hamburgers, steaks, and chops. Most commercial griddle end-users use griddles around the clock from delicate breakfast menus to searing burgers, steak, and fish. They are also used to reheat or warm certain food products.
Technavio’s analysts forecast the global electric griddle market to grow at a CAGR of 4.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric griddle market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of new units of electric griddles to end-users like restaurants, hotels, and catering companies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Griddle Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric griddle market: Lang World, Garland, Vulcan, Star Manufacturing, and Waring
Other Prominent Vendors in the market are: Equipex, Globe Food Equipment, Imperial Commercial Cooking Equipment, MagiKitch'n, Toastmaster, Wells Bloomfield, and Wolf
Commenting on the report, an analyst from Technavio’s team said: “The global electric griddle market is mainly influenced by the increased demand for food prepared on electric griddles. Foodservice establishments are focusing more on producing increased volume of food with good quality. To increase the production efficiency of electric griddles, the manufacturers are improving the product design and features.”
According to the report, the growth in the sales of new units of electric griddles is directly proportional to the demand for food prepared on commercial electric griddles such as pancakes, hamburgers, and steaks. The increasing demand for these food items across the world is triggering the sales growth of commercial electric griddles. For instance, hamburger is one of the most popular food items across the world, especially in North America and Europe. In Australia, the per capita consumption of hamburgers in 2015 was close to 40 hamburgers. In 2016, US was one of the leading consumers of beef worldwide, and close to 70% of the beef consumed in the country was in the form of hamburgers. On average, the out-of-home per capita consumption of hamburgers in the UK is close to 60 grams per week.
Further, the report states that the global electric griddle market is directly affected by the growth of alternative products like commercial gas griddles, charbroilers, and grills. Commercial gas griddles are more preferred by foodservice establishments due to their ability to heat the griddle plate quickly and low heat recovery compared with electric griddles. An advance in gas griddle equipment that drives the market is the infrared heating technology used by the manufacturers, which provides better heat transfer to and even heat distribution on the griddle plate. Gas griddles are more energy efficient than electric griddles, and leading manufacturers providing energy-efficient, ENERGY STAR-certified gas griddles include Vulcan and MagiKitch’n. The low energy consumption by gas griddles makes them less expensive than electric griddles.
Lang World, Garland, Vulcan, Star Manufacturing, Waring, Equipex, Globe Food Equipment, Imperial Commercial Cooking Equipment, MagiKitch'n, Toastmaster, Wells Bloomfield, Wolf.
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