English Financial Content PR-Wirein Press Release Reportedtimes Research Newswire

Charbroiler Market Expected to Reach $1,489.7 million by 2030-Allied Market Research

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Charbroiler Market 2021–2030

According to a new report published by Allied Market Research, titled, “Charbroiler Market by Type, Application and Product Category: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global charbroiler market was valued at $633.6 million in 2020, and is projected to reach $1,489.7 million by 2030, registering a CAGR of 5.7%. North America was the highest revenue contributor, accounting in 2020, and is estimated to grow at a CAGR of 4.6%. Asia-Pacific is estimated to garner the fastest growth rate of 7.2%. North America and Europe collectively accounted for around more than half of the global share in 2020 and is expected to continue the trend throughout the forecast period. A charbroiler, also referred to as a grill, broiler, or griddle, is a commonly used cooking device consisting of a series of grates or ribs that can be heated using a variety of means and is used for a variety of cooking operations such as grilling, frying, boiling, steaming, and shallow frying in commercial kitchen.

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Growth of commercial cooking equipment market during the forecast period 2021–2030

From the past few years, the popularity of grilled food is increasing especially among the meat-consuming population. This, in turn, increases its adoption in the food service industry. Charbroilers are popularly used for ease of food preparation in restaurants, hotels, and other commercial kitchens; improved food safety; and low labor & running costs. Rise in demand for charbroiled fast foods among consumers is the major driver of commercial cooking equipment market. In addition, technological advancements in commercial charbroilers to increase the energy efficiency and minimize carbon footprint is expected to boost the growth of the market. Moreover, surge in demand for modern and more efficient infrared-based commercial charbroilers is likely to offer immense opportunities for the growth of commercial cooking equipment market during the forecast period.

The charbroilers market is segmented on the basis of type, application, product category, and region.

  • Based on type, the market is bifurcated into electric charbroiler, gas charbroiler, and charcoal charbroiler.
  • Based on application the market is bifurcated into household and commercial.
  • Based on product category the global market is studied across outdoor and indoor.
  • The global canned tomatoes market is also studied across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players profiled for in the charbroiler market include :- 

Atosa USA, Inc., Comstock-Castle Stove Co., Inc., Electrolux AB, Illinois Tool Works Inc, Middleby Corporation, Sas Bakery Equipments, The Montague Company, The Vollrath Co., LLC, W.C. Bradley Co., and Welbilt Inc

 

Key Findings Of The Study :-

  • On the basis of type, the electric charbroiler segment is projected to witness the highest CAGR in revenue terms, during the forecast period.
  • On the basis of application, the commercial segment is expected to dominate the market from 2021 to 2030.
  • The outdoor segment is expected to grow at a significant CAGR during the forecast period.
  • U.S. was the largest country, in terms of revenue generation for charbroiler market in 2020.
  • Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.2% from 2021 to 2030.

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FREQUENTLY ASKED QUESTIONS?

Q5. Which are the top companies in the Charboiler market?

 

Tags: Charbroiler Market, Charbroiler Market Trends, Charbroiler Market Share, Charbroiler Market Size, Charbroiler Market Growth, Charbroiler Market insights, Charbroiler Market 2022

See Campaign: https://www.alliedmarketresearch.com/charbroiler-market-A15956

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Contact Information:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |

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