According to Future Market Insights, the commercial griddles and flat-top grills market is poised to reach a market valuation of USD 2 billion in 2023 and is projected to grow at a CAGR of 3% from 2023 to 2033. By the end of the said forecast period, a valuation of USD 2.7 billion is anticipated for the market.
With the growing popularity of social media and cooking channels, many people have learned how to grill at home, which has increased the demand for commercial griddles and flat-top grills. Manufacturers are now introducing plate technology that promises 5x the heat transfer rate and the fastest recovery times. Composite plates are commonly used in construction. Prices for composite plates fall somewhere between those for steel and those for chrome. In comparison to other plate options, this one cooks faster, uses less energy, and is easier to clean.
Home cooking culture is thriving and consumers are becoming more interested in exotic cuisines as well as becoming aware of the health effects of grilling foods. As a result, the commercial griddles & flat top grill market is poised to have lucrative sales opportunities.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | USD 1.9 billion |
| Expected Market Value (2023) | USD 2 billion |
| Anticipated Forecast Value (2033) | USD 2.7 billion |
| Projected Growth Rate (2023 to 2033) | 3% CAGR |
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Market research firm Future Market Insights (FMI) estimates the global demand for griddles and flat top grills to grow at a CAGR of 3% from 2023 to 2033, reaching USD 2.7 billion by 2033. From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 2.5%.
Increasing consumer spending on household and kitchen equipment is driving growth in the market. The food service industry is also experiencing staff shortages due to the expectation of consumers for high-quality, fast food from takeouts and deliveries, which has led to the introduction of a series of advanced flat-top grills equipped with programmable features, USB ports, and self-diagnosis that are easy to operate and versatile.
Additionally, manufacturers are also using advanced materials such as stainless steel and ceramic to improve the performance and longevity of the commercial griddles and flat top grills that are available on the market. Moreover, advances in material science have enabled manufacturers to produce parts and accessories of high quality and durability due to recent advances in materials in the market.
Griddle & Flat Top Grill Sales will rise with the Growth of the Energy-Efficient Equipment Market
A growing trend of grilled meals and the popularity of grilled dishes across the globe, especially among millennials, will drive the market forward.
Increasing numbers of outdoor parties and social gatherings, along with changes in the lifestyle and eating habits of young consumers, have fueled the demand for low- and slow-cooked grills.
Restaurants are bringing innovative dishes to the table to meet the changing tastes and preferences of consumers. A few years ago, very many restaurants were only offering grilled chicken, seafood, and veggies, but in recent times, a considerable number of restaurants are also offering barbecued beetroots, sweet potatoes, and other ingredients that are no longer boiled to serve as appetizers or sides.
In recent years, consumers, particularly the younger generation, have been inclined to try out new and unique food dishes. Over the forecast period, it is expected that many barbeque restaurants will offer live cooking, a wide spectrum of menu items, a lively ambiance, and great entertainment. It is expected that these factors will play a significant role in the growth of commercial griddles & flat-top grills in the coming years.
As the millennial generation increasingly cooks out on weekends and holidays, and as home cooking becomes more popular, the commercial griddles & flat top grill market is projected to grow.
Electric Commercial Griddles and Flat Top Grills will see Growth in the Market in the Coming Years
Increasing consumer preference for grilling meals at home has resulted in the adoption of electric grills. Increase in street food vendors too is resulting in the demand for electric commercial griddles and flat-top grills to heat up. An electric grill is a portable, lightweight, and easy-to-carry product that doesn't require any installation costs or permits. Professionals are also looking for features that are designed to ensure that their devices are durable, compact, and equipped with the latest technological advancements.
Electric griddles are also rising in popularity due to the growing preference for vegan food. The vegan way of cooking prevents grease from clinging to the bottom of the pan as it cooks. In addition, manufacturers are introducing new griddles on the market with novel and advanced features in terms of energy efficiency and cost-effectiveness to satisfy the increasing demand for advanced cooking equipment in the market.
Double Sided Girdles Being Adopted by Greater Number of Eateries
Double sided girdles allow consumers a bevy of advantages. The reduced cooking time is a significant advantage but not the only one that is making the product popular. By eliminating the need for constant flipping, double-sided girdles are reducing the efforts required by food makers. A number of dishes are being made with double sided girdles, including seafood, poultry, and vegan dishes, highlighting its versatility and helping it become a part of a greater number of food service places.
The demand for double sided girdles is further propagating due to the incorporation of advanced technology. Smart versions of the product allow for pre-programming cook times and temperatures. Other features such as USB ports and self-diagnose features are further making the product appealing, increasing their adoption for cooking.
A lack of skilled labor, high development costs for deep fryers, and strict government regulations concerning food safety are factors that limit the growth of commercial griddles and flat top grills. There are a number of factors that are causing the commercial griddles and flat-top grills market to stagnate, among them a lack of consumer awareness and the limited availability of quality parts and components.
It is anticipated that the high maintenance costs associated with these machines and raw materials will further impede the growth of the market. Vegetarianism is taking hold in several European countries, including Italy and France, which is affecting the sale of commercial griddles & flat top grills.
The Growing Popularity of Outdoor Activities will drive the Growth of Commercial Griddles and Flat-top Grills
North America is expected to show significant growth. It is estimated that the market will grow at a CAGR of 4.8% during the forecast period.
A study conducted by the Hearth, Patio, and Barbeque Association (HPBA) found that 64% of USA adults own a grill or smoker, compared to 72% of Canadian adults. The majority of people enjoy cookouts on a variety of occasions, but tradition makes Independence Day significant.
According to a survey conducted in 2020, 43% of Americans increased their outdoor activities after the pandemic. Gas barbecue grills have become popular among consumers as an outdoor recreation tool for their applications in grilling. Therefore, the demand for commercial griddles & flat-top grills is expected to increase in this region.
Increasing disposable incomes and demand for multi-cuisine restaurants will drive the growth of the Asia-Pacific market
There is a high demand for commercial griddles and flat-top grills in the Asia-Pacific region, which is expected to make a tremendous impact on the market. The market growth in this region is expected to dominate in the global market by holding a market share of 35% in 2023.
With a rapidly growing population and increasing disposable incomes, the Asia Pacific region is experiencing a boom in demand for commercial griddles and flat-top grills. In addition, the region's ever-expanding restaurant sector and the good infrastructure in place for large-scale food production are also contributing to the high level of demand for these products in the region.
In response to the growing demand for griddles and grills, manufacturers offer a wide range of parts and accessories. Additionally, the easy accessibility of aftermarket parts at a lower price in the region has also helped fuel demand.
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Commercial Griddles & Flat Top Grills are poised to grow significantly in the market as retailers take advantage of the growing interest in these products
Specialty stores are expected to account for 23% of the market share in 2023, as restaurant equipment sales increase. With the wide variety of ranges and sizes being offered by these stores, commercial griddles, and flat-top grills are experiencing significant growth in the commercial market. Due to the expanding array of materials available at these stores, as well as the discounts available at these stores, the commercial griddles and flat-top grill market is expected to expand.
Due to the growing demand for outdoor activities and grilled food worldwide, specialty stores are seeing a rise in sales of commercial griddles and flat-top grills. A majority of flat-top grills are sold in developed economies, like the United States and Europe, but developing economies like China, India, and the Middle East and Africa are expected to experience strong growth as outdoor cooking becomes popular due to the influence of Western culture.
Sales in Full-service Restaurants are expected to Grow in the Coming Years
Commercial griddles and flat-top grills are primarily used in full-service restaurants, accounting for 55% of the market share in 2023. The largest share of the market in 2023 is expected to come from full-service restaurants.
Chefs around the world use grills to cook flame-roasted masterpieces for their clients. Adding a quality grill and a little know-how can transform a modestly talented chef's standard cut of meat into a culinary masterpiece. Therefore, demand for flat-top grills and griddles in full-service restaurants is expected to grow.
Due to their heavy-duty cooking capability, these appliances can prepare large quantities of food simultaneously. Additionally, their easy-to-clean facilities make them highly sought after. The versatility of griddles makes them a vital kitchen tool for food service operators. The restaurant can use them from opening to closing during the dinner rush. As a matter of fact, griddles exist as a means of crisping and browning, searing, and warming or toasting foods.
Commercial griddles & flat top grills have seen several start-up companies in recent years, including
By increasing production and meeting customer demands, manufacturers can increase revenue and market share through strategic partnerships. A new product or technology will benefit end users by introducing improved technology. Partnering with another company can boost the production capacity of an organization or company.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 2 billion |
| Market Value in 2033 | USD 2.7 billion |
| Growth Rate | CAGR of 3% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Griddle Type, Top Plate Type, Plate Material, Distribution Channel, End-User, Region |
| Regions Covered |
North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Profiled |
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled |
Welbilt Inc.; The Middleby Corporation.; Fujimak Corp.; SIMCO Group; The Vollrath Co.; Avantco Equipment; AB Electrolux; Standex International Corp.; Equipex; Blaze Grills; American Range; Secura |
| Customization | Available Upon Request |
FMI projects the global commercial griddles & flat-top grills market to expand at a 3% value CAGR by 2033.
The global commercial griddles & flat-top grills market is estimated at a market value of USD 2 billion.
The global commercial griddles & flat-top grills market is expected to garner a market value of USD 2.7 billion.
North America is expected to be the dominant market, expanding at a CAGR of 4.8%.
Welbilt. Inc., Middleby Corporations, Fujimak Corp, SIMCO Group, and The Vollrath Co. are some prominent commercial griddles & flat-top grill manufacturers.
Full-service restaurants are expected to hold the largest share, accounting for 55% of the market value in 2023.
| Expected Market Value (2023) | USD 768.9 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 1,456.9 million |
| Projected Growth Rate (2023 to 2033) | 6.6% CAGR |
| Market Value 2023 | USD 1,126.5 million |
|---|---|
| Market Projected Value (2033) | USD 2,154.7 million |
| Market CAGR (2023 to 2033) | 6.7% |
| Market Value (2023) | USD 686.8 Million |
|---|---|
| Market Projected Value (2033) | USD 1,301.4 Million |
| Market CAGR (2023 to 2033) | 6.6% |
| Expected Market Value (2023) | USD 14, 240 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 24,324 million |
| Projected Growth Rate (2023 to 2033) | 5.50% CAGR |
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