Albany, NY -- (SBWIRE) -- 01/18/2018 -- Technavio's market research analysts have identified the growing preference for energy-efficient cooking equipment as one of the primary growth drivers for the global commercial griddle market till 2022. 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. According to Technavio's market research analysts, this market will grow at a CAGR of about 6% by 2022.

The availability of technologically advanced models of commercial griddles is resulting in an increased purchase of these equipment. 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.

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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. Based on the control and analysis of the commercial griddle market can be segmented into commercial griddles with manual controls and commercial griddles with thermostat controls. 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.

Competitive landscape and key vendors

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.

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Key vendors in this market are -

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

Other prominent vendors in the market include AccuTemp products, Ali, American Range, Anvil, Avantco Equipment, Blaze Grills, Cooking performance Group, ELAG Products, and Equipex.

Segmentation by mode of control and analysis of the commercial griddle market
Commercial griddles with manual controls
Commercial griddles with thermostat controls

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.

Segmentation by heat source and analysis of the commercial griddle market
Commercial gas griddles
Commercial electric griddles

The commercial gas griddles are gaining popularity among foodservice establishments due to the presence of improved additional features. The purchase volume of these griddles is high because they enable faster recovery of temperature. The electric griddle market is witnessing growth in the gas griddles segment due to the high productivity of these griddles in the commercial kitchens and their ability to cater to several customers in a short span of time.

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Market driver
Growing preference for energy-efficient cooking equipment
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Market trend
Availability of technologically advanced models of commercial griddles
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Key questions answered in the report include

What will the market size and the growth rate be in 2022?
What are the key factors driving the global commercial griddle market?
What are the key market trends impacting the growth of the global commercial griddle market?
What are the challenges to market growth?
Who are the key vendors in the global commercial griddle market?
What are the market opportunities and threats faced by the vendors in the global commercial griddle market?
What are the 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 griddle market?