NEWARK, Del, April 18, 2023 (GLOBE NEWSWIRE) -- The global demand for commercial panini grills market is projected to increase at a CAGR of 4.9% during the forecast period between 2023 and 2033, reaching a total of US$ 16.7 Million in 2033, according to a report from Future Market Insights (FMI). Growth in sales and profits increased at a CAGR of 3.4% between 2018 and 2022.
Due to the ever-increasing demand for home kitchen equipment as well as the rapidly increasing popularity of cloud kitchen services in the market, the demand for these products has grown significantly in the market. The growing popularity of healthy breakfasts and the demand for quick snacks will drive growth for this kitchen equipment in the next few years.
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Manufacturers are making an effort to offer removable plate designs in order to facilitate easy cleaning in the hospitality sector, as their focus on the development of these machines is growing. Over the forecast period, the panini grills market in the commercial segment is expected to experience significant growth, largely driven by the increasing demand for ready-to-eat meals in the coming years.
Increasing numbers of restaurants, cafes, and food-service outlets have driven the demand for commercial panini grills. Increasing disposable incomes and the growing popularity of panini sandwiches among consumers are also expected to contribute to the market's growth in the coming years. A growing number of innovative products with high-tech features, such as nonstick coatings, adjustable temperature settings, and detachable shelves, will also fuel the growth of this market.
Panini grills with rapid heating systems are great for busy kitchens and cafes with a high volume of customers. In addition, it is equipped with dual temperature control which makes it ideal for any sandwich lover who wants to prepare different types of sandwiches or cater to the tastes of their customers. With a sleek stainless steel exterior and robust construction, this panini grill will not only add style to any kitchen but will also last for years to come. Featuring an easy-to-clean nonstick surface, this pan is ideal for releasing food easily and making cleanup a cinch. As a result, the market for commercial panini grills is expected to grow in demand. Besides the floating hinges, this device features a temperature control that lets users cook their sandwiches to the degree of doneness they prefer.
Key Takeaways from the Market Study
- Commercial panini grills in the commercial sector accounted for nearly 19% of the North American market.
- In 2022, Germany was the leading country in terms of market value, accounting for 16% of the market as a whole.
- Panini grills fueled by electricity are expected to hold a 4.5% share of the global market by 2022.
- The Indian market is expected to register the highest growth rate in the market, with a CAGR of 3.6%.
- Aluminum panini grills are expected to account for 18.6% of the market during the assessment period.
“Growing demand for innovation and technology combined with an increase in the demand for premium products is helping to drive demand for commercial panini grills in the future,” comments a Future Market Insights analyst.
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Competitive Landscape
Research and innovation are expected to be prioritized by several companies due to product line expansions, acquisitions, and mergers. Key players in Sirman, The Vollrath Company, Cadco, Hatco, Globe Food Equipment, Sammic, Eurodib, Grindmaster-Cecilware, Nemco Food Equipment, Avantco Equipment, Star Manufacturing International, and Anvil.
- VEVOR Commercial Sandwich Panini Press Grill is a press, which is equipped with a steel exterior covered with a cast iron grill, allowing for a quick and easy assembly.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global commercial panini grills market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (cast iron panini grills, aluminum panini grills glass panini grills) by end-user (full-service restaurants, quick-service restaurants, hotels, bars, and clubs) and regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).
Key Segments Profiled in the Commercial Panini Grills Market Industry Survey
By Type:
- Cast Iron Panini Grills
- Aluminium Panini Grills
- Glass Panini Grills
By End-User:
- Full-service Restaurants
- Quick Service Restaurants
- Bars and Clubs
- Hotels
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Table of Content
1. Executive Summary | Commercial Panini Grills Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
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