The global commercial charbroilers market was valued around $299 million in 2015 and is expected to surpass $373 million by 2020, says Technavio.
Technavio’ s new research areas portfolio has announced its latest market research report on commercial charbroilers for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global commercial charbroilers market during the forecast period. Some of the top vendors listed in this industry analysis include Bakers Pride, MagiKitch’n, Southbend, Vulcan, and Wells, Bloomfield.
Among all other regions in terms of geography, North America will be the fastest-growing region in the global market, contributing revenues of around $138 million by 2020. The growth in this region is due to factors like prevalence of many foodservice establishments, quick adoption of technologically advanced products, high demand for charbroiled food, and increasing focus on production efficiency.
“Charbroilers with the infrared burner technology are gaining global prominence as they are more efficient. Also, since they help in lowering carbon footprint, their demand among end-users is increasing,” says Arushi Thakur, an industry expert at Technavio.
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This new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increase in foodservice establishments
An increase in the global demand for charbroiled cuisine, such as the Caribbean cuisine and burgers, and sandwiches with charbroiled patties is leading to a rise in the number of restaurants advertising charbroiled cuisine. Many foodservice establishments are also expanding domestically as well as internationally, while some restaurant owners are expanding their food menus to include charbroiled food, to gain a foothold in the market. Such an increase in several foodservice establishments offering charbroiled food directly relates to a proportional rise in the demand for commercial charbroilers.
New products with improved features
To enhance efficiency and productivity, many vendors in the global commercial charbroilers market are introducing new models with improved features. Some of the new features being installed in the commercial charbroilers include steel rods to curtail carbon build up, round rods to control the grease and flare-ups, and self-cleaning filtering systems with under-fired charbroilers to decrease emissions generated during grilling.
Focus on production efficiency
Many foodservice organizations are capitalizing on charbroilers to make high volumes of food such as meat and seafood. These charbroilers are available in numerous sizes and with the different input rate to incorporate different cooking methods and fit into the needs of various commercial kitchens, many foodservice operators are also focusing on using charbroilers instead of griddles However, some foodservice establishments, such as the steakhouses and seafood restaurant operators, prefer using combination charbroiler-griddle to attain production efficiency.
Some of the other prominent vendors identified in this report are Blodgett, Castle Stove, Centaur, Garland, Globe Food Equipment Company, Imperial Commercial Cooking Equipment, Jade Range, Montague Company, Star Manufacturing International, Toastmaster, Turbo Air, Vollrath, and Wolf Equipment.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Charbroilers Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Electric Fryer Market 2016-2020
- Global Smart Appliances Market 2016-2020
- Global Food Enzymes Market 2016-2020
- Global Coil Coatings Market 2016-2020
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