Home / Consumer Electronics / Electric Grills Market By Product Type (Electric Smokers, Electric Griddles), By Application (Residential, Commercial) - Growth, Future Prospects & Competitive Analysis, 2020 – 2028

Electric Grills Market By Product Type (Electric Smokers, Electric Griddles), By Application (Residential, Commercial) - Growth, Future Prospects & Competitive Analysis, 2020 – 2028

Published: Sep 2020 | Published By: Acute Market Reports

"Increasing Influence of Grilled Food to Boost the Electric Grills Market"

The electric grills market worldwide is expected to grow with a CAGR of 7.1% during the forecast period from 2020 to 2028, starting from US$ 555.3Mn in 2019. Electric grills have some unique benefits such as indoor use, smoke-free, and others that are unmatched by any other cooking grill. Inclination towards healthy grilled food, changing lifestyles, and preference for homemade grilled food are the major growth drivers for the electric grills market. Rapid technological advancement is also gaining traction as now Bluetooth and Wi-Fi enabled electric grills are there in the market. In addition, the ongoing COVID-19 crisis has resulted in lockdown restrictions and people have been spending more time at home. Thereby, there has been a rising trend in home cooking since a lot of people have been avoiding visiting local restaurants and diners. As a result of these factors, we are expecting high growth in the electric grills market during the forecast period.

"Electric Smokers to Continue as the Market Leader"

The electric smoker's segment holds the highest market share in the electric grills industry with more than 60% of the market revenue, as of 2019. With the growing penetration of electric grills in restaurants, hotels, and residents electric smokers segment is the leader. Electric smokers are available in a smaller form or a 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 increasing the demand for electric smokers worldwide. As a result of these factors, we are expecting the electric smoker's segment to be the market leader during the forecast period.

"Asia Pacific to Emerge as the Market Leader"

In 2019, by revenue, North America is the leader in the electric grills market followed by Europe with more than 30% of market share. North America has the largest share owing to grilling became an integral part of consumers’ lifestyle. The Asia Pacific will be the fastest-growing region due to 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 a steady growth in the region throughout the forecast period.

Major players are focusing on strategies such as innovation-led product launch 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 with advanced infrared technology.  Brand enhancement and mergers & acquisitions are expected to remain a key strategy in 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 & Forecast Period

This research report presents the analysis of each segment from 2018 to 2028 considering 2019 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020 to 2028.

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:

ATTRIBUTE DETAILS
Research Period  2018-2028
Base Year 2019
Forecast Period  2020-2028
Historical Year  2018
Unit  US$ Million
Segmentation

 Product Type (2020–2028; US$ Mn)
 • Electric Smokers
 • Electric Griddles

 Application (2020–2028; US$ Mn)
 • Residential
 • Commercial

 Geography Segment (2020–2028; US$ Mn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of electric grills in 2018 and 2019 along with forecast up to 2028?
  • 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 grills market?
  • Who are the key electric grills companies leading the market?
  • What are the key strategies adopted by the leading electric grills companies in the market?

Unique data points of this report

  • Statistics on cooking grills worldwide
  • Recent trends across different regions in terms of adoption of electric grills
  • Notable developments going on in the electric grills industry
  • Attractive investment proposition for the electric grills segment as well as geography
  • The comparative scenario for all the segments for years 2019 (actual) and 2028 (forecast)

TABLE 1 Market Snapshot: Global Electric Grills (EG) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global EG Market, by Product Type, 2018-2028 (US$ Bn)
TABLE 5 Global EG Market, by Application, 2017 - 2027 (US$ Bn)
TABLE 6 Global EG Market, by Geography, 2018-2028 (US$ Bn)
TABLE 7 North America EG Market, by Product Type, 2018-2028 (US$ Bn)
TABLE 8 North America EG Market, by Application, 2017 - 2027 (US$ Bn)
TABLE 9 North America EG Market Value, by Region/Country, 2018-2028 (US$ Bn)
TABLE 10 Europe EG Market, by Product Type, 2018-2028 (US$ Bn)
TABLE 11 Europe EG Market, by Application, 2017 - 2027 (US$ Bn)
TABLE 12 Europe EG Market Value, by Region/Country, 2018-2028 (US$ Bn)
TABLE 13 Asia Pacific EG Market, by Product Type, 2018-2028 (US$ Bn)
TABLE 14 Asia Pacific EG Market, by Application, 2017 - 2027 (US$ Bn)
TABLE 15 Asia Pacific EG Market Value, by Region/Country, 2018-2028 (US$ Bn)
TABLE 16 Rest of the World EG Market, by Product Type, 2018-2028 (US$ Bn)
TABLE 17 Rest of the World EG Market, by Application, 2017 - 2027 (US$ Bn)
TABLE 18 Rest of the World EG Market Value, by Region, 2018-2028 (US$ Bn)
TABLE 19 The Weber-Stephen Products LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Middleby Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Taylor Company Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Roller Grill International SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Dimplex North America Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 DeLonghi SpA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Coleman Company, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Midea Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Char-Broil Llc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Zojirushi: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Koninklijke Philips N.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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