Electric Grill Market - Forecast, Trend Analysis & Competition 2018-2028

Published on : May-2018 | List of Tables : 192 | List of Figures : 83 | No. of Pages : 170 | Report Code : FACT781MR |

In response to growing consumer preference for grilling delicious meat at home without the need for checking temperature, adding charcoal, and dealing with smoke, manufacturers of smart kitchen appliances have developed electric grill. Although charcoal grill have perceived higher preference for grilling food in light of their traditional attraction, more consumers are currently preferring electric grills on account of their convenience and ability of using indoors.

As these grills rely on electricity as fuel source for heating surface and grill plate, they alleviate restrictions of charcoal or gas grills with regard to apartment barbecuing. Indoor use without smoke problems is a key benefit of electric grills, which has underpinned their demand since the recent past. Fact.MR’s recent analytical research projects the electric grill market to reflect a splendid 9.0% CAGR between the forecast period 2018 and 2028.

electric grill market

Electric Grills Perceive Increased Demand in North America, as Future of Grilling & Barbecuing Remains Positive

The Hearth, Patio & Barbecue Association (HPBA) foresees a promising future for the barbecue industry, with nearly 30%of North America’s consumers estimated to use their smoker or grill. Grilling is gaining widespread momentum as a year-round passion. In North America, barbecuing is no longer deemed as leisure activity, but an integral part of consumers’ lifestyle. Passion for flavorful foods is further likely to trace an upward graph in the region, implying a bright future for grilling & barbecuing industry.

Survey from HPBA states that over one-third consumers in North America eye on purchasing new grill, with electric grills accounting for nearly 10% of the overall grill sales. Although holding a relatively lower share in the industry, electric grills are expected to witness increased demand in the near future in light of their indoor use convenience and energy-efficient attributes. This will significantly influence future growth of the electric grill market in North America.

Consumer Demand for Convenience Fuelling Connected Electric Grill Development

Integration of technology into cooking appliances has led toward the development of innovative cooking products, which are in line with consumer demand for convenience and saves their energy and time. Smart cooking grills are in high demand worldwide, with Bluetooth and Wi-Fi-enabled electric grills gaining the center stage among affluent consumers.

Connected electric grills, such as Weber’s line of IGrills, that feature Bluetooth connectivity have witnessed a rise in momentum as they facilitate instant and remote monitoring of grilling activities. However, high cost of these electric grills have confined their penetration to high-income consumers. Manufacturers such as Weber are therefore taking development efforts toward production of cost-effective connected electric grills, in a bid to tap the potential of developing markets.

Notable Developments in Electric Grill Market

  • The new Thermal Electric outdoor grill by Thermos Co., which features vacuum-insulated double-walled metal dome for heat retention and energy efficiency, has gained widespread recognition in light of its unique design. Special super-charged, non-stick electric grid incorporated in this electric grill exerts heat faster and evenly, devoid of hot spots, flames or cold spots. Heat, moisture, and flavor sealed by the dome enables meats on the grill to be smoky-tasting and juicy.
  • When exiled to a space where gas and charcoal are prohibited, electricity is the last resort for consumers who seek savoring grilled food. However, a large portion of electric grill development in the past feature low-voltage that impart low power and do not meet grilling requirements completely. Weber has now produced an electric grill post-considerable development efforts, which is capable of achieving temperature over 600 °F. Highly-efficient design of Weber’s new electric grill offers heat faster, and facilitates grilling process by reducing recovery time.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

With the growing number of outdoor events such as camping, parties, and social gatherings, individuals prefer supplementing meals with grilled food products and barbeques. As preference for grilled food products continues to remain prominent among individuals in various countries, demand for the electric grills is likely to intensify over the years. Banking on the growing requirements and preferences of the customers, leading companies are focusing on incorporating novel features in the electric grills that enable the end users to cook grilled products quickly and effectively.

Besides integrating effective cooking features in the electric grills, major manufacturers are also focusing on diversifying their focus towards developing environment-friendly products. Leading manufacturers are concentrating on incorporating portable features to align with the requirements of the customers. In addition, major manufacturers are diversifying their product line through developing stainless steel gas and charcoal grills, which offers smoky flavor to the meals. Major manufacturers are also incorporating one-touch cleaning system in these electric grills to offer convenience to the customers.

A recently compiled research report by Fact.MR provides valuable perspectives on the electric grill market throughout the forecast period, 2018-2028. Valuable insights encapsulated in the research report offers crucial information on different aspects of the market along with an accurate analysis of factors that are impacting the market growth significantly.

Electric Grill Market: Taxonomy

Detailed insights encapsulated in the research report offers qualitative and quantitative analysis on the electric grill market, offering a broad view on the recent market trends and developments along with its impact on the market growth prospects during the coming years. Valuable perspectives compiled in the report provides key insights on the macroeconomic and microeconomic factors that are influencing the customer’s purchase decisions and reflecting on the brand perception of various companies. In-depth insights offered in the research report briefs the readers on the major determinants, threats, deterrents, and lucrative opportunities, which will impact growth of the major companies in the market over the forecast period.

The report also offers with important information and an accurate analysis related to the impact of the growth of identified segments in the electric grill market, which can benefit the investors and stakeholders in making crucial business decisions. Detailed insights offered in the report highlight various segments that include application, pricing, distribution channel, cooking area, product type, end use, material type, and power rating, and region.

Competitive Landscape Assessment

Valuable insights compiled in the research report provides crucial information pertaining to the competitive landscape of the market, which enables the existing players and new companies to formulate informed strategies. Based on these insights and accurate analysis provided in the report, leading companies can get a better understanding of the current market scenario and identify the recent trends.

Perspectives related to the strategic partnerships and collaborations among major companies, development of innovative products, and the impact of regulatory reforms have also been provided in the competitive landscape of the report. On the basis of these insights, readers and investors can formulate important marketing strategies and make right investment decisions.

Research Methodology

The analysts at Fact.MR have adopted a tested and proven research approach to generate authentic and accurate insights by evaluating key dynamics identified in the industry. Valuable insights compiled in the research report offers a blend of research conducted through the primary and secondary sources to provide the stakeholders and investors with important estimates and predictions pertaining to the electric grill market.

Research conducted through the secondary sources comprise initial research phase, wherein the analysts refer to the latest and verified information resources to conduct extensive mining of data. The latest data resources include government and regulatory published materials, technical journals, and independent studies. On the basis of the extensive research methodology, market estimates and predictions are derived.

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Electric Grill Market - Forecast, Trend Analysis & Competition 2018-2028