PUBLISHER: SkyQuest | PRODUCT CODE: 1614834
PUBLISHER: SkyQuest | PRODUCT CODE: 1614834
Global Electric Grill Market size was valued at USD 4.2 billion in 2022 and is poised to grow from USD 4.56 billion in 2023 to USD 8.13 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2024-2031).
As consumer demand for convenient, tasty grilling experiences rises, manufacturers of smart kitchen gadgets are responding with innovative electric grills that eliminate smoke and charcoal use. While traditional charcoal and gas grills remain popular, electric grills are gaining traction due to their indoor usability and ease of operation, catering to households where outdoor grilling isn't feasible. The growing trend towards home-cooked grilled meals is driving increased adoption of both indoor and outdoor electric grill models. With no need for gas tanks or charcoal, these grills are becoming favored options, particularly in regions with fluctuating weather. As a result, the electric grill market in the U.S. is expected to experience robust growth, supported by a sustainable CAGR in the upcoming forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electric Grill market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Electric Grill Market Segmental Analysis
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 & Africa.
Driver of the Global Electric Grill Market
The global electric grill market is experiencing robust growth fueled by several compelling factors. One critical driver is the unique advantages offered by electric grills, including their capability for indoor use and smoke-free operation, which appeal to many consumers. Additionally, evolving lifestyles, improved living standards, and increased disposable incomes contribute to a heightened demand for nutritious, homemade grilled dishes. The influence of cooking shows also inspires individuals to explore innovative culinary experiences, further boosting electric grill sales. With a growing emphasis on healthy eating, research and development investments, and strategic marketing efforts, the market is well-positioned for continued expansion as consumers increasingly favor convenient and health-conscious grilling solutions.
Restraints in the Global Electric Grill Market
The Global Electric Grill market faces several restraints that hinder its growth. While electric grills offer the convenience of quick heating compared to traditional charcoal grills, they fall short in achieving the high temperatures necessary for effectively cooking various meat products. This limitation arises from the heating coils, which have a maximum resistance; exceeding this threshold risks damaging the appliance. Furthermore, the compact size of electric grills poses a significant drawback, as they can only prepare meat in smaller batches, making the grilling process more time-consuming and less efficient for users who require larger quantities. These factors collectively restrict the market potential for electric grills.
Market Trends of the Global Electric Grill Market
The global electric grill market is witnessing a notable trend driven by the increasing popularity of cookouts and outdoor dining experiences. As grilled food transitions from occasional indulgence to a staple in fast-food culture across various nations, electric grills have become essential for enthusiasts seeking convenient cooking options. In regions like the United States and Canada, barbeque cuisine has gained traction during festive gatherings and national holidays, notably during summer weekends. Furthermore, the rising enthusiasm for outdoor activities, such as camping and hiking, has bolstered the demand for electric grills as consumers prioritize ease of use and versatility, fueling market growth.