Jan 9, 2018   SOURCE: BusinessWire

Global Commercial Griddle Market 2018-2022 - Growing Preference for Energy-Efficient Cooking Equipment is a Major Market Driver - Research and Markets

The "Global Commercial Griddle Market 2018-2022" report has been added to Research and Markets' offering.

The global commercial griddle market to grow at a CAGR of 6.05% during the period 2017-2021.

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 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.

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.

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.

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.

Market Trends

  • Growing inclination toward Energy Star certified commercial griddles
  • Increasing adoption of commercial griddles with infrared burners
  • Increasing adoption of technologically advanced commercial griddles

Key Vendors

  • Electrolux
  • Illinois Tool Works
  • Middleby Corporation
  • Standex International Corporation
  • The Vollrath Company
  • Welbilt

Other Prominent Vendors

  • AccuTemp products
  • Ali
  • American Range
  • Anvil
  • Avantco Equipment
  • Blaze Grills
  • Cooking performance Group
  • ELAG Products
  • Equipex

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Mode of Control

Part 09: Market Segmentation by Heat Source

Part 10: Market Segmentation by Product Placement

Part 11: Regional Landscape

Part 12: Decision Framework

Part 13: Drivers and Challenges

Part 14: Market Trends

Part 15: Vendor Landscape

Part 16: Vendor Analysis

Part 17: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/j9cmn8/global_commercial?w=4