Electric Griddles Market Size, Share, Growth, and Industry Analysis, By Type (Countertop Griddles, Drop In Griddles, Teppanyaki Griddles, Electric Griddles), By Application (Family Use, Commercial Use), Regional Insights, and Forecast From 2024 To 2031

Electric Griddles Market Report Overview

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The global electric griddles market size was US$ 129.4 million in 2022 and is projected to touch US$ 205.38 million by the end of 2031, exhibiting a CAGR of 5.3% during the forecast period.

The electric griddles market has experienced remarkable growth in recent years, primarily driven by the increasing demand for convenient cooking appliances. Electric griddles have become a popular choice among consumers due to their versatility and user-friendly features. These appliances offer a spacious and consistent cooking surface, allowing users to prepare multiple items simultaneously. They are suitable for various cooking techniques, including grilling, frying, and searing.

One of the key advantages of electric griddles is their time and energy efficiency. They heat up quickly and distribute heat evenly across the cooking surface, resulting in reduced cooking time and lower energy consumption compared to traditional stovetop cooking methods. Furthermore, most electric griddles feature non-stick surfaces, making it easy to release food and facilitating effortless cleaning. This non-stick coating also promotes healthier cooking as it reduces the need for excessive oil or butter.

The expanding foodservice industry has also played a significant role in driving the electric griddles market. Restaurants, cafes, hotels, and catering businesses rely on electric griddles in their commercial kitchens for their efficiency and ability to handle high-volume cooking requirements.

The electric griddles market comprises a range of players, including large appliance manufacturers and smaller specialty kitchenware brands. These companies compete based on factors like product quality, pricing, innovation, and brand reputation. Additionally, the rise of online retail platforms has further fueled market growth by providing consumers with a wide selection of electric griddles and convenient purchasing options.

Covid 19 Impact

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has had a significant impact on the electric griddles market. One of the main effects has been disruptions in the supply chain. The global lockdowns, restrictions, and closures of manufacturing facilities and transportation networks caused delays in the availability of raw materials, components, and finished products. As a result, there were supply shortages and challenges in meeting the increased demand for electric griddles.

Another significant impact of the pandemic was the changes in consumer behavior. With people spending more time at home due to lockdowns and restrictions, there was a surge in home cooking and the need for convenient cooking appliances like electric griddles. As a result, the demand for electric griddles increased. However, the overall economic uncertainty and financial constraints faced by many consumers during the pandemic led to a cautious approach to spending, affecting the purchasing decisions.

Additionally, the closure of restaurants, cafes, and other foodservice establishments during lockdowns and restrictions had a negative impact on the commercial segment of the electric griddles market. With reduced or limited operations, the demand for electric griddles in the foodservice industry declined significantly.

LATEST TRENDS

"Compact and space-saving designs"

As kitchen spaces become smaller or more multifunctional, there has been an increasing demand for compact electric griddles that can fit in limited spaces. Manufacturers have responded by introducing slim, portable, and foldable designs without compromising on cooking surface area.

"Sustainable and eco-friendly materials"

With a growing focus on sustainability, consumers are seeking electric griddles made from eco-friendly and recyclable materials. Manufacturers have started incorporating sustainable materials like ceramic, bamboo, and stainless steel into their griddle designs.

Electric Griddles Market Segmentation

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• By Type

Based on type Electric Griddles Market is classified as Countertop Griddles, Drop In Griddles, Teppanyaki Griddles, Electric Griddles

• By Application

Based on application Electric Griddles Market is classified as Family Use, Commercial Use

DRIVING FACTORS

"Convenience and Versatility"

The demand for convenient cooking appliances has been a significant driving factor. Electric griddles provide a spacious and even cooking surface, allowing users to prepare multiple items simultaneously. Their versatility in cooking techniques, such as grilling, frying, and searing, appeals to a wide range of consumers.

"Energy Efficiency"

With a focus on sustainability and energy conservation, electric griddles that offer energy-efficient operation have gained popularity. Quick heat-up times, even heat distribution, and precise temperature control contribute to reducing energy consumption and cooking time.

RESTRAINING FACTORS

"Competition from Alternative Cooking Appliances"

The electric griddles market faces competition from other cooking appliances, such as stovetops, grills, and ovens, which offer similar cooking functions. Consumers may opt for these alternative appliances based on their preferences, available space, or the desire for a different cooking experience. The availability and popularity of these alternatives can restrain the demand for electric griddle

Electric Griddles Market Regional Insights

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The North American market, including the United States and Canada, has a significant presence in the electric griddles market. The region is characterized by a strong consumer focus on convenience, health-conscious cooking, and technological advancements. The demand for electric griddles is driven by factors such as busy lifestyles, a preference for indoor cooking, and a robust food service industry. Additionally, the region has seen the emergence of smart electric griddles and sustainable cooking trends.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

Financial players, including investors, banks, and private equity firms, play a significant role in contributing to the expansion of the electric griddles market. Their involvement can drive growth and innovation in the industry. Financial players can provide funding for research and development (R&D) activities. This financial support enables manufacturers to invest in R&D, leading to technological advancements and product innovation. It allows companies to develop new features, materials, and manufacturing processes that enhance the performance, energy efficiency, and user experience of electric griddles. By funding R&D initiatives, financial players contribute to the development of cutting-edge products and solutions that meet evolving consumer demands.

LIST OF TOP ELECTRIC GRIDDLES COMPANIES

• Oster: Boca Raton, Florida, United States.
• Black+Decker: Towson, Maryland, United States.
• Zojirushi: Osaka, Japan.
• Garland: Garland, Texas, United States.
• Vulcan: Baltimore, Maryland, United States.
• Vollrath: Sheboygan, Wisconsin, United States.
• Philips: Amsterdam, Netherlands.
• Hamilton Beach: Glen Allen, Virginia, United States.
• Presto Liddle (Presto): Eau Claire, Wisconsin, United States.
• Gotham (Gotham Steel): Wallington, New Jersey, United States.
• Star Manufacturing: St. Louis, Missouri, United States.
• Waring (Waring Commercial): Torrington, Connecticut, United States.
• Equipex: Mantes-la-Jolie, France.

REPORT COVERAGE

The electric griddles market has witnessed significant growth driven by the increasing demand for convenient and versatile cooking appliances. Factors such as busy lifestyles, technological advancements, and the preference for healthier cooking methods have contributed to the market's expansion. The COVID-19 pandemic had both positive and negative impacts on the market, with a surge in home cooking driving the demand for electric griddles, while supply chain disruptions and economic uncertainties posed challenges.

Looking ahead, the market is expected to continue its upward trajectory as consumer preferences shift towards time-saving and efficient cooking solutions. The growth of the foodservice industry and the popularity of online retail platforms are also expected to drive market expansion. However, challenges such as competition from alternative cooking appliances, price sensitivity, and economic fluctuations may restrain market growth.

To succeed in this competitive landscape, market players should focus on product innovation, incorporating advanced features such as smart connectivity and sustainable materials. Understanding regional insights and adapting to changing consumer demands will be crucial for capturing market opportunities and maintaining a competitive edge. Additionally, strategic partnerships, investments in research and development, and effective marketing strategies will contribute to the overall expansion of the electric griddles market.