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Electric Grills Market By Product Type, By Application - Growth, Future Prospects & Competitive Analysis, 2020 - 2028

  • ID: 5148420
  • Report
  • September 2020
  • Region: Global
  • 108 pages
  • Acute Market Reports

FEATURED COMPANIES

  • Char-Broil Llc
  • Coleman Company Inc.
  • DeLonghiSpA
  • Koninklijke Philips N.V.
  • Middleby Corporation
  • Midea Group
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.

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)
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Char-Broil Llc
  • Coleman Company Inc.
  • DeLonghiSpA
  • Koninklijke Philips N.V.
  • Middleby Corporation
  • Midea Group
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Electric Grills Market
2.2. Global Electric Grills Market, by Product Type, 2019 (US$ Bn)
2.3. Global Electric Grills Market, by Application, 2019 (US$ Bn)
2.4. Global Electric Grills Market, by Geography, 2019 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Electric Grills Market Value, 2018-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players

4. Global Electric Grills (EG) Market, by Product Type,2018-2028 (US$ Bn)
4.1. Overview
4.2. Electric Smokers
4.3. Electric Griddles

5. Global Electric Grills (EG) Market, by Application, 2018-2028 (US$ Bn)
5.1. Overview
5.2. Residential
5.3. Commercial

6. North America Electric Grills (EG) Market Analysis, 2018-2028 (US$ Bn)
6.1. Overview
6.1.1. North America EG Market Value and Growth, 2018-2028, (US$ Bn)
6.2. North America EG Market Value, By Product Type, 2018-2028 (US$ Bn)
6.2.1. Market Analysis
6.3. North America EG Market Value, By Application, 2018-2028 (US$ Bn)
6.3.1. Market Analysis
6.4. North America EG Market Value, By Region/Country, 2018-2028 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Electric Grills (EG) Market Analysis, 2018-2028 (US$ Bn)
7.1. Overview
7.1.1. Europe EG Market Value and Growth, 2018-2028, (US$ Bn)
7.2. Europe EG Market Value, By Product Type, 2018-2028 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe EG Market Value, By Application, 2018-2028 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe EG Market Value, By Region/Country, 2018-2028 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Electric Grills (EG) Market Analysis, 2018-2028 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific EG Market Value and Growth, 2018-2028, (US$ Bn)
8.2. Asia Pacific EG Market Value, By Product Type, 2018-2028 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific EG Market Value, By Application, 2018-2028 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific EG Market Value, By Region/Country, 2018-2028 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Electric Grills (EG) Market Analysis, 2018-2028 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World EG Market Value and Growth, 2018-2028, (US$ Bn)
9.2. Rest of the World EG Market Value, By Product Type, 2018-2028 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World EG Market Value, By Application, 2018-2028 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World EG Market Value, By Region, 2018-2028 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. The Weber-Stephen Products LLC
10.2. Middleby Corporation
10.3. Taylor Company Inc.
10.4. Roller Grill International SA
10.5. Dimplex North America Limited
10.6. DeLonghiSpA
10.7. Coleman Company, Inc.
10.8. Midea Group
10.9. Char-Broil Llc
10.10. Zojirushi
10.11. Koninklijke Philips N.V.
Note: Product cover images may vary from those shown
  • The Weber-Stephen Products LLC
  • Middleby Corporation
  • Taylor Company Inc.
  • Roller Grill International SA
  • Dimplex North America Limited
  • DeLonghiSpA
  • Coleman Company Inc.
  • Midea Group
  • Char-Broil Llc
  • Zojirushi
  • Koninklijke Philips N.V.
Note: Product cover images may vary from those shown
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