USD 4.2 billion
Report ID:
SQMIG25H2008 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
113
|Figures:
77
Electric Grill Market size was valued at USD 4.4 Billion in 2023 and is poised to grow from USD 4.62 Billion in 2024 to USD 6.71 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
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.
Global Market Size
USD 4.2 billion
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
7.5% CAGR
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Global Electric Grill Market is segmented by Product, by Distribution Channel, by End Use and by Region. Based on Product, the market is segmented into Electric Smokers, Electric Gridles. Based on Distribution Channel, the market is segmented into Online, Offline. Based on End Use, the market is segmented into Residential, Commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
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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.
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Electric Grill Market Driver
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
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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
Electric Grill Market Recent Developments
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 2022 | USD 4.2 billion |
Market size value in 2031 | USD 8.13 billion |
Growth Rate | 7.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Grill Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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Report ID: SQMIG25H2008
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