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Electric Grills Market By Product Type (Electric Smokers, Electric Griddles), By Application (Residential, Commercial) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Increasing Influence of Grilled Food to Boost the Electric Grills Market

The electric grills market worldwide is expected to grow with a CAGR of 5.6% during the forecast period from 2019 to 2027, starting from US$ 518.51 million in 2018. Electric grills have some unique benefits, such as indoor use, being smoke-free, and others that are unmatched by any other cooking grill. The inclination toward healthy grilled food, changing lifestyles, and preference for homemade grilled food are the major growth drivers for the electric grill market. Rapid technological advancement is also gaining traction, as now Bluetooth- and Wi-Fi-enabled electric grills are on the market. As a result of these factors, we are expecting high growth in the electric grills market during the forecast period.

Market Synopsis

Electric Smokers to Continue as the Market Leader

Electric smokers hold the highest market share in the electric grills industry, with more than 60% of the market's revenue as of 2018. With the growing penetration of electric grills in restaurants, hotels, and residences, the electric smoker segment is the leader. Electric smokers are available in smaller forms or in refrigerator style to cook plenty of food at the same time. Nowadays, people are more concerned about their health, and grilled food is often considered healthy, which in turn is increasing the demand for electric smokers worldwide. As a result of these factors, we expect the electric smoker segment to be the market leader during the forecast period.

Asia Pacific to Emerge as the Market Leader

In 2018, by revenue, North America was the leader in the electric grills market, followed by China, with more than 30% of the market share. North America has the largest share owing to the fact that grilling has become an integral part of consumers' lifestyles. Asia Pacific will be the fastest-growing region due to an inclination towards healthy food and an increase in per capita income. Rising preference for homemade grilled food in countries such as Japan, China, and India are the major growth factors in the region. As a result of these factors, we are expecting steady growth in the region throughout the forecast period.

Major players are focusing on strategies such as innovation-led product launches to increase their market presence. For instance, in 2017, Koninklijke Philips N.V. launched a smoke-less indoor grill with up to 80% less smoke and advanced infrared technology. Brand enhancement and mergers and acquisitions are expected to remain key strategies in the years to come. Some of the prominent players operating in the electric grills market include The Weber-Stephen Products LLC, Middleby Corporation, Taylor Company Inc., Roller Grill International SA, Dimplex North America Limited, DeLonghi SpA, Coleman Company, Inc., Midea Group, Char-Broil LLC, Zojirushi, Koninklijke Philips N.V., and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The electric grills market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global electric grills market based on product type, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of electric grills in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market by revenue for electric grills?
  • What are the major trends followed in overall electric grills across different regions?
  • What are the key market trends and high-growth opportunities observed in the electric grills market?
  • What are the drivers of the electric grill market?
  • Who are the key electric grill companies leading the market?
  • What are the key strategies adopted by the leading electric grill companies in the market?

Unique data points of this report

  • Statistics on cooking grills worldwide
  • Recent trends across different regions in terms of the adoption of electric grills
  • Notable developments are going on in the electric grill industry.
  • attractive investment proposition for the electric grills segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

 Frequently Asked Questions:

The market for Electric Grills Market is expected to reach US$ 518.51 Mn in 2027.

The Electric Grills Market is expected to see significant CAGR growth over the coming years, at 5.6%

The report is forecasted to 2019-2027.

The base year of this report is 2018.

The Weber-Stephen Products LLC,Middleby Corporation,Taylor Company Inc.,Roller Grill International SA, Dimplex North America Limited are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2019
Category:  Consumer Goods
Report ID:   59851
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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