Global commercial burger grill market is projected to have a moderate-paced CAGR of 5.1% during the forecast period. The current valuation of the market is US$ 112.7 Million in 2023. The market value of the commercial burger grill market is anticipated to reach a high of US$ 84.6 Million by the year 2033. A historical market valuation of US$ 65.3 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.
Commercial burger grills are gaining quite a momentum and are in tandem with the changing consumer preferences as the burger grills impart a distinctive flavor to the meat patties, highly preferred by the urban population. Rising disposable income is making the populace inclined towards the consumption of fast-food, positively exerting an influence on the commercial burger grills market.
Furthermore, the expert analysts at FMI have identified that there is an advent and integration of new technology in the commercial burger grills, like spot-on technology, and is responsible for increased adoption by end-use industries. Advanced features like power saver mode in the grilling equipment are further bolstering the sales of these machines in recent years.
Although the market is having healthy growth, it has been revealed by the analysts of Future Market Insights while studying the market in-depth that certain aspects that include difficulty in the process of cleaning the commercial burger grills, and the possession of cancer-potent chemicals in grilled meat for burgers are likely to curb the growth of the forum in the long run.
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Key Takeaways from the Commercial Burger Grill Market
- The charbroilers segment by product type category is anticipated to hold considerable shares in the global commercial burger grill market, recording a CAGR of 5.5% during the forecast period.
- The U.S. commercial burger grill market is projected to reach a high of US$ 23.7 Million by the end of 2033, advancing a CAGR of 4.0%.
- Germany accounted for the largest commercial burger grill market share in the European region with a CAGR of 4.1% during the period 2018-2022.
- Japan is projected to have steady growth, with a moderate-paced CAGR of 5.4%. The commercial burger grill market in Japan witnessed a rise of US$ 4.3 Million from the year 2022 to 2023.
“Features like portable commercial grills, heavy-duty grates, electronic igniters, and LED-light control are giving a competitive edge to the manufacturers prevailing in the commercial burger grill market.” – Says an FMI Analyst
Competitive Landscape in the Commercial Burger Grill Market
The key players dwelling in the commercial burger grill market are continually involved in strategic partnerships and are getting into collaborations with other prominent players for upscaling their market shares and attain dominance. They are implying organic strategies like mergers and acquisitions to strengthen their foothold in the global forum. Huge investments in research and development activities are also undertaken by the biggies.
Additionally, the manufacturers are providing a one to 10-year warranty based on the type of material of the grill. High-end products are mostly available with a lifetime burner warranty. For instance, a U.S.-based luxury burger grills and accessories manufacturer Vintage provides a lifetime warranty on burners and select accessories.
The Holland Grill Company Inc., Taylor Company, Roller Grill International, The Coleman Company Inc., and Spectrum Brands Inc. are some of the key players with considerable shares in the market.
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Recent Developments
- In January 2017, Griffin Technologyintroduced their ‘Connected Grills and Toasters’, which is a smart device with Bluetooth-enabled technology that can be controlled by a mobile application that offers personalized settings.
In December 2019, Revolution Cooking released its new 2-Slice High-Speed Commercial Grill machines, which have a touch screen that enables easy operation.
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