Countertop Griddle Market Cooks Up a Sizzling Growth Forecast to Reach US$ 3.9 Billion by 2033

The countertop griddle market is on a trajectory of significant expansion, with a projected valuation of US$ 2.4 billion in 2023, expected to soar beyond US$ 3.9 billion by 2033. This growth is underpinned by a steady sales uptrend, forecasted to exhibit a compound annual growth rate (CAGR) of 4.8% throughout the forecast period.

Several factors are driving the surge in the countertop griddle market. Notably, shifts in consumer lifestyles, an increasing acceptance of premium products across various categories, and a growing demand for state-of-the-art technological features such as convenience and compactness play pivotal roles. Countertop griddles have garnered widespread popularity due to their lightweight nature, portability, and the absence of intricate installation requirements. Working professionals, in particular, appreciate attributes like durability and mobility, coupled with advanced technological enhancements. Furthermore, the adoption of industry trends like automated temperature control and the inclusion of three heating zones have contributed to the rising sales of countertop griddles.

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The demand for countertop griddles is rising as they are more practical and convenient to use as they don't need to be checked for temperature, has charcoal added, or deal with smoke. Additionally, the device offers clients the advantages they desire, such as using countertop griddles at home for patio parties, outdoor barbecues, and other outdoor gatherings.

Countertop griddles are utilized in business settings like hotels and restaurants to prepare many meals and are seeing market expansion due to technological advancements. Different types of griddles, including those that are flat, chrome-finished, grooved, or double-sided, are offered by producers on the market. Additionally, new features connected to electric countertop griddles are anticipated to aid businesses in competing in the international market. For greater productivity in its electric countertop griddles, the Vulcan company, for instance, provides quick recovery, IRX infrared burner technology, and composite griddle plates.

- Key Takeaways from Countertop Griddle Market

By type, the countertop electric griddle segment dominated the market with a CAGR of 4.9% during the forecast period.
By material, the steel segment is anticipated to dominate the market with a CAGR of 4.4% during the forecast period.
The U.S. is anticipated to lead the countertop griddle market with a share of US$ 1.3 Bn by 2033, growing at a CAGR of 4% during the forecast period.
The U.K. countertop griddle market is anticipated to be valued at US$ 151.1 Mn by 2033, growing at a CAGR of 3.1% during the forecast period.
China's countertop griddle market is anticipated to be valued at US$ 262.8 Mn by 2033, growing at a CAGR of 3.9% during the forecast period.
Japan's countertop griddle market is anticipated to be valued at US$ 210.2 Mn by 2033, growing at a CAGR of 2.8% during the forecast period.
South Korea countertop griddle market is anticipated to be valued at US$ 120.9 Mn by 2033, growing at a CAGR of 1.8% during the forecast period.

- Who is Winning?

Players in the market are focusing more on the countertop griddle's thickness and control type since these factors contribute to operational effectiveness and temperature uniformity. The countertop griddle manufacturers provide several griddle plates with thicknesses of 1 inch, 1 1/2 inches, or more.

Manufacturers on the market provide flat or grooved countertop griddles with polished or chrome-plated surfaces. The flat countertop griddles are primarily used to give dependability and continuous performance. Some manufacturers provide griddles with grooves that create score marks; the extra grease is then directed into a grease trough.

- Key Players:

Lang World
Garland Group
Star Manufacturing International
Vulcan
Equipex

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- Countertop Griddle Market Segmentation:

By Type:
Countertop Electric Griddle
Countertop Gas Griddle

By Application:
Hotel and Restaurant,
Bakery Stores
Other Applications

By Material:
Steel
Rapid Recovery Composite
Chrome

By Sales Channel:
Direct Sales
Retail Sales

By Region:
North America
Latin America
Europe
Asia Pacific
MEA

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This release was published on openPR.