Global Commercial Waffle Maker Market 2017-2021

Overview of the global commercial waffle maker market

Market research analysts at Technavio predict that the global commercial waffle maker market will grow steadily during the next four years and post a CAGR of over 6% by 2021. This market research analysis identifies the increasing preference for waffles as breakfast meal as one of the primary growth factors for this market. With the advent of all-day breakfast menus by major quick service restaurants (QSRs), restaurants intensely compete to serve better breakfast meals. To lead the breakfast domain, restaurants are increasingly focusing on offering sandwiches and waffles and are also concentrating on offering different food products such as sweet and savory waffles. For instance, Waffle House provides breakfast offerings with waffles in combination with bacon, hash browns, and eggs covered or chunked. With the acceptance of waffles as a breakfast meal, this focus of restaurants to provide unique offerings will play a significant role in the growth of the commercial waffle maker market.

One of the latest trends that will gain traction in the commercial waffle maker market in the coming years is the growing popularity of waffles with health benefits. Due to the presence of high nutritional value and various added benefits, the demand for commercial waffle makers is significantly increasing across the globe. With the growing demand for waffles, restaurants are focusing on introducing waffle dishes with nutritional value. One of the restaurants Santa Clara eatery, already offers waffles stuffed with a burger patty and fried eggs.

Competitive landscape and key vendors

Characterized by the presence of several players, this market appears to be competitive. Players are trying to differentiate their product offerings based on parameters such as heat control type, buzzer at the end of baking, and even heat distribution. Several players are trying to offer waffle makers with enhanced features to reduce the bake cycle time and increased productivity. Additionally, players are also trying to meet the safety and quality standards and adapt to the NSF and ETL certifications.

The leading vendors in the market are -

• Waring
• Krampouz
• Nemco Food Equipment
• Star Manufacturing International
• Wells Manufacturing

The other prominent vendors in the market include Admiral Craft Equipment, Brentwood Appliances, Carnival King, Croydon, Cuisinart, Chef’s Choice, Gold Medal Pittsburgh, and Hamilton Beach Brands.

Segmentation by product type and analysis of the commercial waffle maker market

• Single-grid
• Double-grid

During 2016, the single-grid segment accounted for the major shares and dominated the commercial waffle maker market. Single-grid waffle makers have one single waffle iron with one top and one bottom grid that combine to make a single waffle at a time. These waffle makers also come with a portable design for commercial kitchens and robust features including timers and temperature controls, which make these appliances energy-efficient. Factors such as the low operating costs, high efficiency, high productivity, less counter space occupation, and ease of cleaning and sanitizing will contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the commercial waffle maker market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The increase in consumer demand for easy breakfast options and the quick adoption of advanced kitchen equipment fuel the growth of the commercial waffle maker market in this region. Additionally, the availability of breakfast options such as waffle sandwiches or desserts at restaurants also contribute to the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial waffle maker market?
• What are the key market trends impacting the growth of the global commercial waffle maker market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial waffle maker market?
• What are the market opportunities and threats faced by the vendors in the global commercial waffle maker market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial waffle maker market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s reports for the food and beverage industry entail a vast range of quick-growing markets including food service and food. Further to providing information on various factors such as the progression of the customer’s choices, market drivers and challenges for the vendors in the food and beverage industry’s marketspace, Technavio’s reports also detail out an exclusive analysis of the demand-supply shifts and the competitive landscape of the food and beverage industry.

To precisely estimate the food service industry’s growth outlook, our market research experts follow a combined research approach of primary and secondary techniques and carry out a study of various factors, including technological developments and the rise in the demand for different products and services across the globe. Our upcoming industry research report on the global commercial waffle maker market for the period of 2017 to 2021 offers key insights perceived from the statistics and figures collected from reliable sources of information such as manufacturers, suppliers, regulatory bodies, and decision makers to help clients formulate new strategies for growth.

This upcoming industry research report on the global commercial waffle maker market also considers the growth of related market such as commercial ice cream freezers and commercial beer dispensers, which are predicted to increase at a CAGR of almost 8% and about 4%, respectively by the year 2021. According to our team of industry analysts, greater emphasis on baking food items such as waffles at different temperatures, depending on the required crispiness and output coupled with the mass expansion of waffle-maker end-users will augment the growth of the food service industry.

This upcoming industry research report on the global commercial waffle maker market also identifies the key drivers, trends, and the challenges currently experienced by the food industry and also presents insights into non-alcoholic beverages and alcoholic beverages sectors.