Electric Grill Market It Is Projected To Expand At A CAGR of 5.1% During 2019 To 2025

September 24 12:52 2019
Electric Grill Market It Is Projected To Expand At A CAGR of 5.1% During 2019 To 2025

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, Several factors including shifting preference for at-home grilling system as well as fulfilling leisure time in cooking activities on account of increasing interest for experimental cooking is expected to drive the electric grill market, The prominence of charcoal grills and gas grills is likely to affect the sales of electric grills in near future.

According to a report, “Electric Grill Market Size, Share & Trends Analysis Report By Product (Electric Smokers, Electric Griddles), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025”, The adoption of electric grills witnessed surge on account of rising preference of consumers for grilling meals at home. It is more feasible as it does not incur the need of checking temperature, adding charcoal and dealing with smoke. Moreover, the advantage of convenience and indoor utility of these products have an upper stake in the market. Electric grills rely on electricity as a source of fuel for heating surface and grill plate which provides an added advantage of the restriction of charcoal and gas grill with respect to apartment barbecuing. Thus, indoor usage beyond smoke will promote the product demand.

                                U.S. electric grill market size, by product, 2015 - 2025 (USD Million)

The prominent players are increasing spending on innovation and technology in combination with convenience to shake up the respective categories. For instance, in March 2019, Kenyon International, Inc., launched its new product line IntelliKEN Touch, with a touch control system and built-in kitchen timer for adding precision. In September 2016, Spectrum Brands, Inc. launched under its brand George Foreman Grills, Five Serving Grill & Broil with five non-stick plates. The product provides features of countertop broiling which allows consumers to grill, broil and melt in a single appliance.

Further key findings from the report suggest:

  • In terms of revenue, electric griddles t is projected to ascend at a CAGR of 5.4% from 2019 to 2025

  • Commercial application led the global market with an overall revenue share of over 57.2% in 2018

  • North America led the global electric grill market in 2018, which constituted for 34.8% of revenue share

  • The market is highly competitive in nature with the main players including The Middleby Corp., Taylor Company, Roller Grill International, The Holland Grill Company Inc., Dimplex North America Limited. Various manufacturers are concentrating on new product launches, focusing on product differentiation and technological advancements.

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www.grandviewresearch.com/industry-analysis/electric-grill-market

Regional Insights

Asia Pacific witnessed growth owing to the increasing consumption of street food and investment towards barbecue products in key markets including China and India. Rising preference for foods beyond burgers and hot dogs and popularity of pizza, poppers, and French toast on outdoor grills, are paving the way for the regional market. Manufacturers are largely investing on new product development with advanced technological feature so as to provide utmost convenience to consumers. For instance, in January 2016, Char-Broil launched the SmartChef app which helps in maintaining meat temperature, cooking time, and chamber temperature.

 

Global electric grill market share, by region, 2018 (%)

 

 

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Grand View Research has segmented the global electric grill market on the basis of product, application, and region:

Electric Grill Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Electric Smokers

  • Electric Griddles

Electric Grill Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Residential

  • Commercial

Electric Grill Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • U.K.

  • Asia Pacific

    • India

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

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www.grandviewresearch.com/industry-analysis/electric-grill-market

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