USD 4.2 billion
Global Electric Grill Market Size, Share, Growth Analysis, By Type(Indoor Grill, Outdoor Grill), By End User(Residential, Commercial), By Distribution Channel(Online, Offline), By Application(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG25H2008 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
113 |
Figures:
77
Global Electric Grill Market Insights
Global Electric Grill Market size was valued at USD 4.2 billion in 2019 and is poised to grow from USD 4.4 billion in 2023 to USD 6.4 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).
Manufacturers of smart kitchen gadgets have created electric grills to eliminate smoke and the usage of charcoal in response to rising customer demand for handmade tasty grilled meals. Even though people prefer charcoal or gas grills for grilling meals, electric grills are now increasingly popular due to their convenience and capacity to be used indoors. Electric grills utilize electricity to heat the coils, making them incompatible with charcoal and gas barbecues. As a result, the use of an indoor grill for purposes other than smoking would increase demand for the product. It is a cost-effective and flexible piece of equipment that is ideal for small-scale cooking. As a result, these factors are expected to drive Electric Grill market growth, throughout the projected period.
The rising demands of customers for grilling meals at home have resulted in a growth in the use of electric grills all over the world. It is available in both indoor and outdoor versions. Indoor barbecues are popular in the residential sector since they save space in residences where outside cooking isn't practical. Attributed to the changing weather, indoor barbecues are regarded as one of the best alternatives. The indoor grill is simple to operate because it does not require a gas tank or charcoal. Hence, this contributes to the growth of the global electric grill market during the forecast period.
US Electric Grill Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
4.9% CAGR
Global Electric Grill Market ($ Bn)
Country Share for North America Region (%)
Country Share for Europe Region (%)
Global Electric Grill Market By Application ($ Bn)
Global Electric Grill Market By Application (%)
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Global Electric Grill Market Segmental Analysis
The global electric grill market is segmented on the basis of product type, application, end-user, distribution channel, and region. Based on the product type, the Electric Grill market is segmented into indoor grills and outdoor grills. Based on application, the Electric Grill market is segmented into residential and commercial. While, based on the distribution channel, the Electric Grill market is segmented as online and offline. Based on region, the Electric Grill market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Electric Grill Market Analysis by Product Type
In 2021, the outdoor grill segment of the market is projected to hold the most lucrative share of more than 50% of the Electric Grill market. The segmental growth of the Electric Grill market is attributed to the increased adoption of outdoor grills among consumers. Electric outdoor grills are becoming increasingly popular in the market. These grills are extremely eco-friendly since they do not emit hazardous smoke from the combustion of wood or charcoal. Electric grills in small, compact sizes are a great alternative to large gas or charcoal-fueled outdoor grills. The fact that these grills are portable allows customers to take them to parks and campgrounds helps to boost segmental Electric Grill market share.
Electric Grill Market Analysis by End-User
In 2021, the residential segment of the Electric Grill market is projected to hold the most lucrative share of more than 50% of the market. The segmental growth of the Electric Grill market is attributed to the widespread use of these grills in modern households' outdoor and indoor kitchens. Electric grills for outdoor kitchens are becoming more popular as a result of advantages such as ease of maintenance, ergonomic design, and mobility. The addition of technologically improved temperature sensors and mobile applications to electric grills is driving up demand for recreational use in home settings.
Electric Grill Market Analysis by Distribution Channel
In 2021, the online distribution channel segment of the Electric Grill market is projected to hold the most lucrative share of more than 50% in the market. The segmental growth of the Electric Grill market is attributed to the paradigm shift of the consumers toward online shopping. The online distribution channels including e-commerce provide a vast range of features to the customers such as product comparison, a variety of product options along with large discount offers; which is likely to gain major traction for the consumers. Hence, this is likely to encourage the consumers to move towards online shopping, which, hence, will aid the segmental growth of the Electric Grill market during the forecast period.
Global Electric Grill Market By Application, 2023 (%)
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Global Electric Grill Market Regional Insights
Based on the geographical viewpoint, the global Electric Grill market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the North American region is projected to hold the most substantial share of the Electric Grill market. The regional Electric Grill market is likely to be driven by the rising popularity of recreational cooking among millennials and teenagers. There has also been an increased preference of people for grilled meat and vegetables in their diet which encourages the electric grill adoption. The population's high spending power and rising average disposable income are also adding to Electric Grill market demand. According to the Bureau of Economic Analysis, consumer disposable income in the United States increased by 0.4% on average in 2019 over 2018. Further, the Asia-Pacific region is also likely to hold a significant share in the Electric Grill market during the forecast period. The regional growth of the Electric Grill market is attributed to the increased demand for street food in the countries such as China and India in the region.
Global Electric Grill Market By Region, 2024-2031
- Largest
- Fastest
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Global Electric Grill Market Dynamics
Electric Grill Market Driver
- The global electric grill market is driven by unique benefits of electric grills that are unmatched by other cooking grills, such as their ability to be utilized indoors and smoke-free grilling. Other key factors driving the rapid rise in demand for these grills are people's changing lifestyles, increasing living standards, rising disposable income, a taste for nutritious grilled meals, and a preference for homemade grilled cuisine. Furthermore, customers, motivated by television cook shows, attempt to experiment with food and cooking, which significantly drive up the demand for electric grills. Increased investment in research and development, increased awareness of the product and its benefits, aggressive marketing, and breakthroughs in innovation can all pave the way for lucrative chances in the global electric grill market.
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The Electric Grill market is expanding as a result of trends toward healthy grilled food, changing lifestyles, and preference for homemade grilled food. The World Health Organization (WHO) asserts that consumers should adopt healthier lifestyle behaviors and that international strategies have been put in place to support healthier eating habits. Due to consumers' growing preference for grilling food at home, the adoption of electric grills has increased. It is more feasible because there is no need to add charcoal, check the temperature, or deal with smoke. The majority of consumers (83%) have three or more accessories, according to the Hearth, Patio & Barbecue Association (HPBA), showing that consumers have invested in ways to personalize their grilling experiences.
Electric Grill Market Restraint
- For a brief grilling session, electric grills are helpful. Compared to conventional charcoal grills, the heating coils and surfaces used by electric grills heat up quickly. However, a significant disadvantage of these grills is that they are unable to reach as high temperatures as conventional grills. The resistance of the heating coils used in electric grills has a limit and, if it is exceeded, may explode or melt. High temperatures are required to properly cook meat products. Another issue with electric grills' market is their small sizes. Due to their small size, these electric grills must cook meat in batches, which can be both inconvenient and time-consuming.
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Global Electric Grill Market Competitive Landscape
The Electric Grill market is fragmented in nature. The prominent players operating in the Electric Grill market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive Electric Grill market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Electric Grill Market Top Player's Company Profiles
- Weber-Stephen Products LLC
- Kenyon International, Inc.
- The Middleby Corporation
- Hamilton Beach Brands Holding Company
- Koninklijke Philips N.V.
- De'Longhi S.p.A.
- Char-Broil, LLC
- TECHEF
- George Foreman Cooking
- Midea Group
- Tristar Products, Inc.
- Nostalgia Products LLC
- Koolatron Corporation
- Kenmore
- Cadac International
- Brentwood Appliances
- Aroma Housewares Company
- Electriq
- Solaire
- Cuisinart
Electric Grill Market Recent Developments
- In May 2022, Napoleon introduced an outdoor grill that is powered by electricity. The Napoleon Rogue EQTM Connected Electric Grill Series is the first full-size outdoor electric grill to feature Internet of Things (IoT) technology. The Rogue EQ 365, a two-burner, is the series' initial offering.
- In March 2021, Synergy Grill Technology launched one of its kind electric grills named as eGrill. The new Synergy eGrill series is based on a proprietary system of components that produce concentrated and extraordinarily high heat, allowing for quicker cooking times and up to a 25% reduction in power use.
Global Electric Grill Key Market Trends
- One of the key trends in the global electric grill market is the rising trend of cookouts among people across the globe. As grilled food has become a part of the fast-food enthusiast culture in many nations across the world, the popularity of cookouts has boosted sales of electric grill items. Grilled cuisine has become a new trend. Barbeque grill cuisine has become a popular option among the public in nations such as the United States and Canada during a variety of festivities. On weekends throughout the summer, a huge number of individuals engage in barbeque cooking since the electric grill allows them to cook without using gas or charcoal. Cookouts are popular on national holidays like Christmas and New Year's Eve. In addition, the growing popularity of camping and hiking is driving up product demand.
- Globally, there has been an increased demand for smart cooking grills. Electric grills with Bluetooth and Wi-Fi capabilities are gaining popularity among customers. To give benefits to consumers, manufacturers are focusing on new goods with superior technical characteristics.
Global Electric Grill Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. SQ identified the key dominating segments of the Electric Grill market by offerings and verticals.
According to our analysis, among the product type, the outdoor grill segment is projected to hold a dominating share during the period. Among the end-user, the residential segment is projected to hold a dominating share during the period. Whereas, among the distribution channel, the online channel segment is projected to hold a dominating share during the period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.2 billion |
| Market size value in 2031 | USD 6.4 billion |
| Growth Rate | 4.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Electric Grill Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Electric Grill Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Electric Grill Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electric Grill Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electric Grill Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Electric Grill Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Electric Grill Market Report Snapshots
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