Global Electric Griddle Market 2017-2021

Global electric griddle market overview

According to the electric griddle market trends and forecast, This market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. Various innovations in griddle plate material will drive the growth prospects for the global electric griddle market until the end of 2021. The innovations in the griddle plate material are based on various parameters such as heat transfer, heat recovery, non-stick coating performance, price, and emissions. Since various manufacturers of electric griddles have introduced innovative plate materials that enhance the operational efficiency and the overall cooking experience, the demand for these products is growing across the globe. In addition, manufacturers also focus on manufacturing stainless steel as they last longer and are suitable for high volume production of different kinds of food items. As a result, stainless steel griddle plates are mostly used to prepare pancakes, bacon, hamburgers, meat preparations, and steaks. Moreover, manufacturers offer chrome plates that are a good conductor of heat, non-stick, can be heated in less time, and exhibit better heat retention and heat recovery. These properties make chrome finished griddle plates useful in preparing delicate items such as fried eggs and pancakes.

In terms of geography, North America accounted for the maximum market share in 2016 and will continue to dominate the market during the next few years as well. One of the major factors responsible for the market’s growth in the region is the increasing consumption of meat preparations such as hamburgers in the US, which is a highly-preferred food item among citizens for breakfast and lunch. Also, electric griddles with two to eight burners and thermostatic controls are significantly popular among end-users in the region. Furthermore, the availability of new innovative technological advancements in electric griddles will also drive the electric griddle market revenue during the forecasted period.

Competitive landscape and key vendors