Global Commercial Griddle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Commercial Griddle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Commercial griddles come in a variety of types, sizes, and models to fit the needs of just about any food service business. An essential piece of kitchen equipment for most commercial food establishments, especially for steak houses, diners, pubs, cafeterias, and coffee shops, commercial griddles are one of the most-used appliances in commercial kitchens. Anything that requires even heat for cooking burgers, bacon, steaks, omelets, pancakes, French toast and more, are best when cooked on a griddle.

Market Overview:

The latest research study on the global Commercial Griddle market finds that the global Commercial Griddle market reached a value of USD 499.62 million in 2022. It’s expected that the market will achieve USD 709.1 million by 2028, exhibiting a CAGR of 6.01% during the forecast period.

Influence of COVID-19 Outbreak on Global Commercial Griddle Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. It has begun to feel the global impact of coronavirus disease (COVID-19) in 2019 and will greatly affect the Commercial Griddle market in 2020. Under the influence of COVID-19, logistics will be suspended and the supply of equipment for Commercial Griddle will be tight. Production has stalled, the company's inventory has increased, and the production of related companies in the severely affected areas has been greatly affected. The short-term epidemic has little effect on the supply of equipment and its raw materials for enterprises, mainly consuming inventory materials. The long-term epidemic will cause inestimable losses.

Secondly, Commercial Griddle is mainly used for Restaurants, Hotels, Bars & Clubs and other places that people can enjoy baked goods. The impact of COVID-19 on the Commercial Griddle industry will involve all major links and all entities in the downstream of the industrial chain. The downstream buyers of Commercial Griddle are basically crowded, affected by the isolation needs of the epidemic, people's travel and lifestyle are restricted, so the physical catering industry is also one of the industries most affected by the epidemic. During the epidemic, Downstream market network expansion was delayed, marketing was delayed, brand adjustments were forced, market sales declined, and company and employee revenue declined. These have greatly affected the demand for Commercial Griddle. Therefore, the impact on the Commercial Griddle industry depends on the prevention and control effects of COVID-19.

Opportunities

and Drivers
Energy saving and environmental protection are the eternal themes of all countries in the world. Commercial Griddle is used in restaurants, steakhouses, cafes, bars, hotels and catering companies to roast food. During the roasting process, the degree of smoke control and energy loss are one of the most concerned things for various businesses. The growing demand for commercial cooking equipment with advanced features in terms of energy consumption, capacity and cost will encourage manufacturers to introduce new commercial griddles with energy-saving features and cost-effectiveness. The efficient Commercial Griddle reduces cooking time by almost half. Therefore, one of the main drivers of this market is the growing preference for energy-efficient cooking equipment.

The biggest advantage of Commercial Electric Griddle is that they are more energy-efficient than Commercial Gas Griddles because they do not have to spend extra money to buy gas. This means that for merchants who use Griddle every day, using Commercial Gas Griddles can greatly save costs. Secondly, the development and progress of technology is also one of the important factors that promote the continuous development of the industry. For example, operators have a high preference for commercial baking trays with thermostat control, because this allows them to choose precise Cooking temperature. The integration of the thermostat control in the grill is constantly improving. Compared with the commercial manual grill, the thermostat control has consistent performance. This will increase the growth prospects of the Commercial Electric Griddles market in the constant temperature control segment.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Illinois Tool Works, Middleby Corporation and Electrolux with the revenue market share of 17.20%, 16.31% and 11.49% in 2019.

Illinois Tool Works Inc. designs and manufactures fasteners, components, equipment, consumable systems, and a variety of specialty products and equipment. The Company's products include industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. Illinois Tool Works operates worldwide. ITW’s Food Equipment segment designs and manufactures advanced ware wash (dishwashing), cooking, refrigeration, and food processing equipment and provides service for institutional, industrial, restaurant, and retail customers around the world.

The Middleby Corporation designs, manufactures, markets, and services a broad line of equipment for use in cooking and preparing food. The Company products are used in commercial and institutional kitchens and restaurants. Middleby serves customers worldwide.

Segmentation Overview:

Among different product types, Commercial Gas Griddles segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Restaurants segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Commercial Griddle market covered in Chapter 3:

Foshan Shunde Hantai Electrical
Krampouz
Middleby Corporation
Roller Grill
AccuTemp Products
RM GASTRO
Illinois Tool Works
The Vollrath Company
Electrolux
American Range
Welbilt
Anvil
Olis Ali Group
Fagor Industrial
Berto's S.p.A.
Modular Professional

In Chapter 4 and Chapter 14.2, on the basis of types, the Commercial Griddle market from 2018 to 2029 is primarily split into:

Commercial Gas Griddles
Commercial Electric Griddles

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Commercial Griddle market from 2018 to 2029 covers:

Restaurants
Hotels
Bars and Clubs
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)