Global Commercial Panini Grills Market 2017-2021

Overview of the global commercial panini grills market

Technavio’s market research analyst predicts the global commercial panini grills market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in demand for panini grills with improved features. Food service establishments around the world that specialize in providing grilled sandwiches and other grilled food items using panini grills are looking to acquire a grill technology that can provide consistent cooking in a short time. Also, the operational efficiency is another major requirement for the food service establishments. As a result of this rise in demand, the vendors are looking to introduce innovative technologies that can address the end-user requirements. Improvements in the design and technology of commercial panini grills will create more replacement demand among the end-users, which in turn will propel the market growth of the global commercial panini grills industry during the forecast period.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the commercial panini grills market for the next few years. According to Technavio’ s market analysis experts, the commercial panini grills market in the Americas is mainly driven by the increasing demand for improved features and innovative design technologies. Consequently, vendors in the region are compelled to provide innovative features and designs to enhance the user experience and increase productivity. This rise in the demand for better and more efficient features is expected to augment growth in the commercial panini grills market in the coming years.

Competitive landscape and key vendors

The global commercial panini grills market is highly fragmented due to the presence of several international and regional vendors across the globe. Vendors are looking to provide wide varieties of panini grills with different grill plate variations such as grooved and smooth surfaces for different kinds of food items. Also, they are constantly focusing on providing equipment with improved technology, such as high-speed panini grills and programmable controls for menu customization. The vendor competition is mainly based on factors such as pricing, technology, product variations, and type of the surface of the grill plate.

Leading vendors in the market are –

• Hatco
• Sirman
• Star Manufacturing International
• The Vollrath Company
• Waring

Other prominent vendors in the commercial panini grills market include Anvil, Avantco Equipment, Cadco, Eurodib, Globe Food Equipment, Grindmaster-Cecilware, Nemco Food Equipment, and Sammic.

Segmentation by surface material and analysis of the commercial panini grills market

• Cast iron
• Aluminum
• Glass

During 2016, the cast iron segment dominated the commercial panini grills market and accounted for a major part of the overall market share. Panini grills with a cast iron surface are an integral part of most food service establishments as the cast iron panini grills are durable in nature. This is mainly due to the good heat retention quality of cast iron. The cast iron surface panini grills are mostly made up of a stainless steel body, which is used for both heavy-duty and medium-duty applications.

Segmentation by end-user and analysis of the commercial panini grills market

• Restaurant
• Hotels
• Others (catering companies, clubs, and pubs)

In this market study, analysts have estimated catering companies, clubs, and pubs to dominate the commercial panini grills market during the forecast period. The high popularity of grilled food items with alcoholic and non-alcoholic beverages is the major factor responsible for the growth of this segment in the global market.

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 panini grills market?
• What are the key market trends impacting the growth of the global commercial panini grills market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial panini grills market?
• What are the market opportunities and threats faced by the vendors in the global commercial panini grills 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 panini grills market?

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