The Commercial Griddle Market is being driven by Growing focus on enhancing production efficiency in commercial kitchens
The Commercial Griddle Market is expected to grow at a CAGR of 6.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 534.7 million. Commercial griddles have become a crucial investment for foodservice establishments due to their ability to enhance production efficiency while maintaining minimal operating costs. In response to this demand, commercial griddle manufacturers, such as Vulcan (Illinois Tool Works Inc.), Garland Group (Illinois Tool Works Inc.), MagiKitchn (The Middleby Corp.), and AccuTemp Products, offer ENERGY STAR-certified models. These energy-efficient griddles enable foodservice businesses to reduce energy consumption and save on utility bills, thereby increasing their overall profitability. For instance, AccuTemp Products provide ENERGY STAR-certified EGF series electric griddles, as well as gas griddles from the GGF and PGF series, all designed to optimize energy usage. Similarly, Garland Group caters to the market with both single-sided and double-sided commercial griddles, all ENERGY STAR certified, ensuring energy savings and operational efficiency for foodservice businesses.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
195 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
Market growth 2025-2029 |
USD 534.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.6 |
Key countries |
US, Canada, China, Germany, UK, Japan, India, France, Spain, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the Commercial Griddle Market, automated technologies are revolutionizing lab processes by streamlining repetitive tasks such as library preparation, liquid handling, and sample preparation. Complex workflows are made more efficient and effective, reducing manpower requirements and resource consumption. Automation benefits include increased throughput, improved data accuracy, and enhanced safety. However, challenges like handler-induced variability, contamination, and mislabelling must be addressed to ensure data reproducibility and traceability. Machine learning and data evaluation play crucial roles in optimizing automated processes in clinical laboratories, ultimately leading to higher quality and experimental data capture.
The Commercial Griddle Market is a significant segment of the larger Electrical Components and Equipment Market. This market encompasses businesses specializing in the manufacturing, automation, and rental of griddles and associated equipment. Key technologies driving growth include automated processes, library preparation, liquid handling, and workflow optimization. Throughput and efficiency are critical factors, with scientists and researchers seeking high-performance solutions for commercial food production. The Electrical Components and Equipment Market size is determined by the combined revenue of various sub-sectors, including water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and more. Additionally, the market includes revenue from the rental and leasing of electrical components and equipment to industrial, commercial, and residential clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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