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Commercial Charbroilers Market Estimated to Record Highest CAGR by 2025
Commercial Charbroilers Market: OverviewCharbroilers are cooking devices which consists of ribs or grates and can be heated by various sources such as gas and electricity. Charbroilers are available for both residential and commercial purposes. Commercial charbroilers are heavy duty charbroilers used in hotels, restaurants, catering units etc. The charbroilers are classified based on the installation type. The countertop charbroilers can be directly fitted on the countertop and are easy to clean and use. Freestanding charbroilers are stand alone broilers with additional storage space. Drop In commercial charbroilers have control systems which can be installed in the counter’s wall. On the basis of heat source, the charbroilers are classified as lava rock, radiant and infrared. The radiant charbroilers use radiant heat and the heat is distributed evenly across the cooking surface. In lava rock charbroilers ceramic briquettes are used for charcoal cooking.
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Commercial Charbroilers Market: Drivers and Restraints
The rising demand for charbroiled fast foods among consumers is the major driver for the growth of global commercial charbroilers market. The popular charbroiled foods include sandwiches, burgers, patties and Caribbean cuisine and the demand for these foodstuffs is rapidly increasing across the globe. The technological advancements in commercial charbroilers to increase the energy efficiency and minimise carbon footprint is expected to boost the growth of commercial charbroilers market. There is a rise in demand for modern and more efficient infrared based commercial charbroilers, which is anticipated to drive the growth of commercial charbroilers market in terms of value.
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Charbroilers enable high volume cooking with less energy as compared to other cooking equipment. The rapid growth of food processing industry in emerging economies is anticipated to propel the growth of commercial charbroilers market.
However, the high maintenance and operating cost as compared to other cooking equipment is expected to hamper the growth of global commercial charbroilers market.
Commercial Charbroilers Market: Segmentation
On the basis of power type, the global commercial charbroilers market can be segmented as follows:-
• Electric Charbroilers
• Gas Charbroilers
On the basis of installation type, the global commercial charbroilers market can be segmented as follows:-
• Modular
• Freestanding
• Countertop
• Drop In
On the basis of heat source, the global commercial charbroilers market can be segmented as follows:-
• Lava Rock
• Radiant
• Infrared
Commercial Charbroilers Market: Region Wise Outlook
The global commercial charbroilers market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA). North America accounts for major share in global commercial charbroilers market in terms of value. This is attributed to the rapid growth of fast food service establishments in the region and rising demand for charbroiled food. Western Europe accounted for significant share in commercial charbroilers market, owing to the mature meat market and increasing demand for charbroiled food in the region. APEJ is anticipated to register high CAGR during the forecast period due to increasing demand for ready to eat foodstuffs and also rapid increase in the number of foodservice establishments. Latin America and MEA are expected to project high CAGR during the forecast period, owing to the growth of food processing industry and demand for charbroiled food.
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Commercial Charbroilers Market: Key Players
Some of the key players in the global commercial charbroilers market are as follows:
• ITW Food Equipment Group LLC. (Vulcan)
• Bakers Pride
• The Montague Company
• MagiKitch'n, Inc.
• Southbend
• Wells, Bloomfield, LLC
• S. BLODGETT CORPORATION
• Castle Stove
• Toastmaster Corp.
• Garland Group
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