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Griddle Market Demand Analysis by 2028

02-20-2019 11:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR

Griddle Market Introduction

A wide flat surface made up of aluminum, chrome steel and carbon steel, used for cooking are the griddles. The griddles are heated by electricity, gas, coal and wood, for residential and commercial purposes. There are three major types for which griddles are used, i.e. traditional, residential and commercial. The traditional griddles include stone slab or tablet like structure. The residential purposes griddles are generally made up of stainless steel, wrought iron or carbon steel. These residential griddles are portable and are sustainable for light-duty purposes of cooking. The commercial is countertop griddles used in the restaurants, hotels, cafes and many others.

There is a major preference of consumers for commercial griddles with thermostat controls is high among users as it provides the features to vary the temperature accordingly and allows the consumer to select the precise cooking temperature for various food items according to their need.

The hotels, restaurants and cafes are usually preferring the griddles as it is a versatile and a multipurpose device which can be used in the cooking purposes. Thus, HORECA drives the global griddle market and increases the demand for the market in the future. 

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Griddle Market Dynamics

The primary factors driving the global griddle market are growing focus on enhancing production efficiency in commercial kitchens and a growing emphasis on energy efficient cooking options. The griddles for commercial purposes is the dominating type of griddle as compared to the residential and the traditional griddles. The growing inclination towards ENERGY STAR certified commercial griddles is fostering the demand for the commercial griddles in the market. The changing preferences for the griddles are increasing the adoption of commercial griddles with infrared burners. The global griddle market is anticipated to be highly concentrated over the forecast period. The manufacturers functioning in the market are focusing on the technology, the research and development department activities and the brand image. The manufacturers are also focusing on differentiating the products based on price, quality and regulatory compliance along with the lightweight, safe and for the multipurpose usage, which in turn increases the market for the global griddles in the forecast period.

Additionally, the rising demand for cooking equipment with innovative and advanced functions, in terms of capacity, energy consumption and costs are encouraging manufacturers to launch new and advanced featured griddles with energy-efficient and cost-effective prices. Energy-efficient griddles reduce the cooking time almost by half due to the presence of various options for cooking. 

Griddle Market Segmentation

Griddle Market is segmented on the basis of end use as:

Traditional
Commercial
Residential 
Griddle Market is segmented on the basis of mode of control as:

Manual control
Thermostat control 
Griddle Market is segmented on the basis of the heat source as:

Electric
Gas or non-electric 
Griddle Market is segmented on the basis of the type as:

Single Sided
Grooved
Chrome finished
Double Sided 
Griddle Market is segmented on the basis of product placement as:

Counter-top
Floor standing 
The global market is segmented on the basis of the region as:

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
MEA
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Griddle Market Regional Overview

The regional demand for the griddle market varies across the world. The global griddle market is expected to witness a profitable growth during the forecast period. North America has a dominant share in the worldwide market as there are increasing preferences for the energy efficient cooking equipment is fueling the demand for the market in the region. APEJ also holds the significant share in the global griddle market. The key countries like India and China are the major regions dominating the market in the area. Japan’s griddle market is growing at a healthy pace; as there are continuous innovations in the technologies, the market is expected to experience the growth in the near future. MEA region is anticipated to have sluggish growth in the market over the forecast period. 

Griddle Market Key Players

The key players functioning in the global griddle market are as follows:

Hamilton Beach
Cuisinart
Gotham
Toastmaster International
Secura
Electrolux
Illionis Tool Works Inc.
Middleby Corporation
The Vollrath Company
Standex International Corporation 
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, rail track, and material type.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Technology
Value Chain
Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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