Commercial Griddle Market Size, Share, Growth, and Industry Analysis by Type (Commercial Gas Griddles and Commercial Electric Griddles) By Application (Restaurants, Hotels, Bars, and Clubs), Regional Forecast To 2031

Updated On: 01 April 2024

Commercial Griddle Market Report Overview

• 
• Request a Free sample to learn more about this report

The global commercial griddle market size was USD 1766 million in 2022 and market is projected to touch USD 2803 million by 2031, CAGR of 5.3% during the forecast period.

The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Commercial griddles have become rapidly popular over the past few years owing to better performance, ease, and convenience. There are different types of commercial griddles available on the market which include electric griddles and stovetop griddles. One can fry or bake their favorite dish using a griddle according to their need. The commercial features countertop griddles, which are commonly found in restaurants, motels, and cafes.

Commercial griddles with thermostat controls are growing in popularity because they provide the features to vary and select the precise cooking temperature for various food items based on their needs. These griddles are commonly used in hotels, restaurants, and cafés since they are versatile and multipurpose appliances that may be used for cooking. When it comes to the purchase of a commercial griddles, plate thickness, size, and control option are some of the factors to be taken into consideration.

Among the various types of griddles available on the market, electric griddles have more demand both as commercial and residential griddles. Electric griddles only require electricity as fuel and do not require charcoal or smoke for cooking barbecue at home.

COVID-19 Impact: Shutdown of Restaurants Affected Market Growth

The COVID-19 spread had a significant impact on the global economy, and many firms and industries experienced slower growth. The machinery and equipment market is also projected to be affected by the pandemic's aftermath, as key providers in this industry experience supply-chain interruptions as well as disrupted trade flows.

Some of the key problems impeding the production of culinary appliances are limited component accessibility, restricted labor working hours, and other supply-chain related activities. With the drop in demand from commercial kitchens, the frequency with which clients purchase commercial cooking appliances has decreased. As restaurants got shut down due to lockdown, the global commercial griddle market share went down. The prevailing nature of the pandemic is projected to have a significant impact on the growth of the market in the near term.

Latest Trends

"Growing Popularity of Advanced Griddles to Drive Market Growth"

Commercial griddles with infrared burners are becoming more popular as preferences shift due to the ease of cooking. Over the projected period, the worldwide griddle market is expected to be highly concentrated. Manufacturers in the market are emphasizing on technology, research and development efforts, and brand image.

Furthermore, increased demand for cooking equipment with novel and advanced features in terms of capacity, energy consumption, and pricing is prompting manufacturers to introduce new and advanced featured griddles at energy-efficient and cost-effective prices. Because of the variety of cooking possibilities, energy-efficient griddles cut cooking time in half.

Commercial Griddle Market Segmentations

• 
• Request a Free sample to learn more about this report

• By Type

The market is classified into commercial gas griddles and commercial electric griddles on the basis of type. The commercial gas griddles will lead the global market share through 2031. 

• By Application

The market is classified into restaurants, hotels, bars and clubs, and others on the basis of application. The restaurant segment will lead the global market share through 2031.

Driving Factors

"Increasing Demand for Energy-efficient Griddles to Facilitate Market Development"

Growing emphasis on improving production efficiency in commercial kitchens as well as a growing emphasis on energy-efficient cooking solutions are some of the driving factors of the commercial griddle market. Apart from that, the increased emphasis on improving production efficiency in commercial kitchens is also expected to drive market expansion. Another factor that drives the market is the growing demand for fast foods all around the world and as most people prefer eating foods from cafes or restaurants, the usage of kitchen equipment like griddle increases, thereby resulting in the growth of commercial griddle market.

Restraining Factors

"Health Consequences of Griddled Foods to Limit Market Growth"

The possible health issues caused due to the consumption of food cooked in griddles are one of the major restraining factors in the market. It is mainly due to the grates present in the griddle through which excess oils and fats drip off the food as it cooks. Griddles are also comparatively difficult to clean which is another factor that might affect the demand for commercial griddles.

Commercial Griddle Market Regional Insights

• 
• Request a Free sample to learn more about this report

"North America Dominates the Market as a Result of Evolving Consumer Lifestyles"

The industry in North America is expected to grow rapidly due to changing technology, a large number of manufacturing bases, increased adoption of indoor and outdoor patios, a growing preference for vegan food, and outdoor barbeques in countries including North America is expected to boost sales of electric griddles in the near future. Many prominent market players involved in the production of commercial griddle are also located in North America. North America also has a significant share of the global market due to rising preferences for energy-efficient cooking equipment, which is boosting demand in the area.

Due to the growing popularity of commercial restaurants in Asia Pacific, demand for commercial griddle is likely to rise. Burgers and sandwiches are increasingly being prepared on commercial barbecues. A growing amount of individuals in China, India, Japan, and other Southeast Asian countries are interested in backyard cooking which also accounts for the global commercial griddle market growth. Customers' preference for quick food in nations such as India and China is likely to enhance the demand for commercial griddle in this region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

To stay ahead of the competition, prominent market players are collaborating by partnering with other companies. Many businesses are also investing in new product launches in order to diversify their product line. Mergers and acquisitions are other important methods employed by businesses to broaden their product portfolios.

List of Market Players Profiled

• Electrolux (Sweden)
• Illinois Tool Works (U.S.)
• Middleby Corporation (U.S.)
• Standex International Corporation (U.S.)
• The Vollrath Company (U.S.)
• Welbilt (U.S.)
• AccuTemp products (U.S.)
• Ali (Taiwan)
• American Range (U.S.)
• Anvil (U.S.)
• Avantco Equipment (U.S.)
• Blaze Grills (U.S.)
• Cooking performance Group (U.K.)
• ELAG Products (Germany)
• Equipex (U.S.)

Report Coverage

The report discusses the entire market, including the market segmentation based on type and application. The paper displays a broad set of actors, including market participants and future market leaders. Major market variables that are projected to fuel significant growth. The variables expected to increase market share are also discussed in the study to provide market insights. The research also includes an estimate of the market's growth throughout the projection period. The regional study is finished in order to explain the region's dominance in the worldwide market. The reasons impeding market expansion are thoroughly examined. The research includes a SWOT analysis of the market. It contains comprehensive market information.