The global commercial griddle market is charting a promising trajectory, with Future Market Insights (FMI) projecting a Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period. FMI's analysis indicates significant progression for this thriving market, with an impressive valuation of USD 525.8 million in 2023, expected to escalate to USD 834.2 million by 2033. Retrospective analysis by FMI reveals a consistent growth pattern, starting from USD 496.0 million during the base year and maintaining a CAGR of 3.7%.
Crafted from durable metal, commercial griddles feature expansive, flat cooking surfaces, rendering them ideal for preparing large quantities of food in a single session. These versatile appliances have firmly established themselves as culinary essentials, particularly in restaurant settings, where they play a pivotal role in facilitating the creation of a diverse range of delightful dishes.
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The contemporary landscape of food service consumption is marked by an augmented pursuit of convenience and a diverse gastronomic experience. Consequently, this paradigm shift propels the growth trajectory of the commercial griddle and flat-top grill market. Notably, the market is poised to experience heightened demand for pioneering products, such as electric flat-top grills and griddles. This momentum is projected to sustain and gain momentum in the forthcoming period, thus inciting an increased surge in the demand for these specialized cooking appliances.
Key Takeaways from the Market Study:
- Global market for commercial griddles & flat top grills was valued at USD 1.9 billion in 2022
- By end-user, full-service restaurants will account for 55% of commercial griddles & flat top grills usage in 2023
- By distribution channel, specialty stores account for over 1/5th of all commercial griddles & flat-top grills sales
- North America is expected to be a significant growth hotspot, with an expected CAGR of 4.8%
- Asia-Pacific is expected to hold a credible revenue share in the market, amounting to 35%
“Stainless steel grills are becoming increasingly popular due to their long lifespan, cost-effectiveness, and increasing demand for premium products for outdoor and home cooking activities in the future,” says a Future Market Insights analyst.
Competitive Landscape:
With product line expansions, acquisitions, and mergers imminent, several companies are expected to prioritize research and innovation. Key players in the commercial griddles & flat top grills market are Welbilt Inc., The Middleby Corporation., Fujimak Corp., SIMCO Group, The Vollrath Co., Avantco Equipment, AB Electrolux, Standex International Corp., Equipex, Blaze Grills, Americarange, Secura and others.
- In February 2023, Traeger Inc., the leader in wood-pellet grill technology, announced the launch of the new Flatrock Grill, which expands its outdoor cooking experience. Adaptable to any cooking method and a variety of cooking practices, the Flatrock Grill is the newest standard in the expanding griddle cookware category, bringing new flavor possibilities to customers with premium, innovative designs.
- An Asian fusion restaurant, Flat Top Grill, will open in December at 2795 Katy Freeway, in Houston’s Lower Heights District. The Lower Heights District (located between Studemont and Sawyer) will be the first location outside the Midwest for Gulf Coast Commercial Group’s brand.
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Market Segments Covered:
By Griddle Type:
- Single Sided Griddle
- A Built-in Unit
- Part of a Range or Cooking Center
- Freestanding Unit
- Double Sided Griddle
By Top Plate Type:
- Flat
- Ribbed
- Mixed
By Plate Material:
- Chrome Steel
- Aluminium
- Ceramic Glass
By Distribution Channel:
- Offline Stores
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Stores
- Online Retail Stores
By End-User:
- Full-service Restaurants
- Quick Service Restaurants
- Food Trucks
- Cafeterias
- Bars and Clubs
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Read More: https://www.futuremarketinsights.com/reports/commercial-griddle-market
