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The commercial griddle market size is forecast to increase by USD 481.68 million, at a CAGR of 5.88% between 2023 and 2028. The growth rate of the market depends on several factors, such as the growing focus on enhancing production efficiency in commercial kitchens, the rising importance of energy-efficient cooking options, and the growing prominence of online shopping.
The report offers extensive research analysis on the market, with a categorization based on Product, including gas griddle and electric griddle. It further segments the market by Type, encompassing countertop griddle and floor-standing griddle. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
Commercial Griddle Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges of market growth and forecasting will help companies refine marketing strategies to gain a competitive advantage.
The major focus of food service establishments is to invest in commercial cooking equipment that can provide high-volume production in less time with consistent quality. In addition, commercial griddles can provide even heating across the entire griddle plate surface, which helps to prepare food products with consistent quality.
Moreover, commercial griddles are available in various capacities. In addition, the requirements of large food service establishments can be met with the use of heavy-duty commercial griddles. For example, Garland Group offers commercial heavy-duty griddles that can prepare around 300 hamburgers per hour. Furthermore, the cooking surface of commercial griddles is mainly made with cast iron or stainless steel which has the property to retain heat and quickly reheat commercial griddles as and when required. Hence, such factors are driving the market growth during the forecast period.
Several food service establishments are mainly focused on utilizing commercial griddles that help enhance production efficiency with minimal operating costs. In addition, this enables manufacturers of commercial griddles to offer commercial griddles with energy-saving features in order to increase the profitability of food service establishments.
For instance, brands such as Vulcan (Illinois Tool Works Inc.), Garland Group (Illinois Tool Works Inc.), and MagiKitchn (The Middleby Corp.) provide ENERGY STAR-certified commercial griddles. In addition, commercial double-sided griddles with ENERGY STAR certification allow food service establishments to cook more food products in a shorter time with increased energy savings. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The rising availability of substitute products, such as commercial charbroilers and commercial grills, is expected to negatively impact the growth of the global retail market. In addition, charbroilers and grills are becoming quite popular among food service establishments such as restaurants and steak houses. Furthermore, charbroilers are also used for making burgers among food service establishments.
Moreover, most of the key players that offer commercial griddles also come up with many models of charbroilers for food service establishments. In addition, charbroilers can be availed at a much lower price compared with the price range of various models of commercial griddles. Furthermore, commercial grills can be used in food service establishments for preparing hamburgers, steaks, chops, panini sandwiches, and wieners. Therefore, the increasing availability of commercial floor-standing and countertop grills is expected to hamper the growth of the global market during the forecast period.
The gas griddle segment is estimated to witness significant growth during the forecast period. Gas griddle segment is the most popular commercial griddle type among food service establishments. In addition, the faster recovery of temperature and the availability of commercial griddles with improved features are some factors that will fuel market growth for commercial gas griddles. Furthermore, liquid propane and natural gas are the most popular gases for cooking in commercial gas griddles
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The gas griddle segment was the largest segment and was valued at USD 881.56 million in 2018. Moreover, Garland Group, a subsidiary of Ali Group Srl, offers two models: GD-15GTH and GD-24G model. The GD-15GTH model uses natural gas for cooking, whereas the GD-24G model uses liquid propane for cooking. In addition, commercial gas griddles are available with a multiple number of burners, which helps in increasing productivity in commercial kitchens by preparing food products in large quantities such that they can be catered to more consumers in a shorter span of time. Furthermore, commercial gas griddles are less expensive than electric griddles to operate, as gas griddles simplify operations on natural gas or propane lines. Therefore, most of the new commercial food service restaurants and hotels are expected to adopt more gas griddles compared with electric counters. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the type, the market has been segmented into countertop griddle and floor-standing griddle. The countertop griddle segment will account for the largest share of this segment. There is an increasing preference for commercial countertop griddles by foodservice establishments due to their lesser space requirement in commercial kitchens and availability at affordable prices. In addition, commercial countertop griddles are available in both manual and thermostat controls. Moreover, commercial countertop griddles with thermostat controls are highly preferred by end-users as these systems can offer convenient control options and quick food preparation capability. In addition, manufacturers of commercial countertop griddles are focusing on delivering equipment with advanced control options that can offer various benefits to end-users in terms of cost, safety, and productivity. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 35% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The growth of the market in North America is mainly fuelled by the availability of technologically advanced models of commercial griddles, ENERGY STAR-certified commercial griddles, and the increasing demand for food products prepared using commercial griddles. In addition, several companies in the region are offering improved controls such as pre-programmed menu options through USB, digital controls, and touchscreen for operators while preparing food. Moreover, these convenient control options ensure that food service establishments in the region can speed up their production. Furthermore, the availability of commercial dual-sided floor-standing griddles offers around 50% savings in cooking times. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Electrolux: The company offers commercial griddle products such as Electrolux Professional 0C9059 Grid Iron Kit, Electrolux Professional 0CA631 Grid for free standing gas grill.
We also have detailed analyses of the market’s competitive landscape and offer information on 15 market companies, including:
AccuTemp Products Inc., Adventys, Ali Group Srl, Anvil Pty Ltd., Avantco Equipment, Blaze, Clark Core Services LLC, Conair Corp., ELAG Products GmbH, Equipex LLC, Hatco Corp., Illinois Tool Works Inc., The Middleby Corp., and The Vollrath Co. LLC.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Commercial Griddle Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.88% |
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Market Growth 2024-2028 |
USD 481.68 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.3 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB Electrolux, AccuTemp Products Inc., Adventys, Ali Group Srl, Anvil Pty Ltd., Avantco Equipment, Blaze, Clark Core Services LLC, Conair Corp., ELAG Products GmbH, Equipex LLC, Hatco Corp., Illinois Tool Works Inc., The Middleby Corp., and The Vollrath Co. LLC |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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