The global market for electric grills was valued at US$ 518.51 million in 2018 and is expected to grow at CAGR 5.6% over the forecast period.
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Market Insights
With the increasing inclination of consumers to grill delicious food at home without the need to check temperature, add charcoal and other hassles, electric grills came into being. The general market for cooking grills (including charcoal grills, gas grills and others) was valued at over US$ 3.5 billion in 2018. Consumers now prefer electrical grills over charcoal or gas grills because of the comfort and capacity to use indoors. The significant growth drivers for the electric grill industry are the rising trend of cookouts among younger people and the inclination to grill meals at home. In addition, altering consumer lifestyle and adoption of premium technologically sophisticated products such as Wi-Fi and Bluetooth-enabled electrical grills will assist the industry to develop. We expect the market for electric grills to develop quickly during the forecast period as a consequence of all these variables.
Based on the type of item, the section of electrical smokers is the leader in the market for electrical grills with more than 60% of the market share. Electric smokers have the highest market share owing to their benefits such as user friendly, low maintenance and easy replacement compared with charcoal grills. Electric smokers are grillers for cooking at low temperatures in a controlled, smoky environment. To enhance the flavor and cooking of the food, electric smoker allows the smoke of burning wood such as pecan hickory or mesquite logs. As a result of these factors, electric smokers will continue as the preferred choice of consumers and will dominate the market throughout the forecast period.
Based on the geography, in 2018, North America was the leader in electric grills market with more than 30% in terms of revenue. North America is the leader due to high penetration of home cooking as well as backyard cooking in the region. Asia Pacific to witness high growth during the forecast period owing to rising street food consumption and increasing disposable income in emerging economies such as India and China. Rising preference for grilled food such as french toast, poppers and grilled meat are the major growth drivers for the region. On account of these factors, we are expecting Asia Pacific to grow with the fastest CAGR during the forecast period.
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Major players are focusing on strategies such as product launch to improve their market presence. For example, in March 2018, Weber-Stephen Products LLC launched a multipurpose product, Q1400. This product can be used for many purposes such as barbecue, grilling, baking, convection and roasting. Brand enhancement and mergers & acquisitions is expected to remain key strategy in years to come.
Some of the major companies profiled in the report 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.
By Product Type (2019–2027; US$ Mn)
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Browse the full report at https://www.credenceresearch.com/report/electric-grills-market
Market Insights
With the increasing inclination of consumers to grill delicious food at home without the need to check temperature, add charcoal and other hassles, electric grills came into being. The general market for cooking grills (including charcoal grills, gas grills and others) was valued at over US$ 3.5 billion in 2018. Consumers now prefer electrical grills over charcoal or gas grills because of the comfort and capacity to use indoors. The significant growth drivers for the electric grill industry are the rising trend of cookouts among younger people and the inclination to grill meals at home. In addition, altering consumer lifestyle and adoption of premium technologically sophisticated products such as Wi-Fi and Bluetooth-enabled electrical grills will assist the industry to develop. We expect the market for electric grills to develop quickly during the forecast period as a consequence of all these variables.
Based on the type of item, the section of electrical smokers is the leader in the market for electrical grills with more than 60% of the market share. Electric smokers have the highest market share owing to their benefits such as user friendly, low maintenance and easy replacement compared with charcoal grills. Electric smokers are grillers for cooking at low temperatures in a controlled, smoky environment. To enhance the flavor and cooking of the food, electric smoker allows the smoke of burning wood such as pecan hickory or mesquite logs. As a result of these factors, electric smokers will continue as the preferred choice of consumers and will dominate the market throughout the forecast period.
Based on the geography, in 2018, North America was the leader in electric grills market with more than 30% in terms of revenue. North America is the leader due to high penetration of home cooking as well as backyard cooking in the region. Asia Pacific to witness high growth during the forecast period owing to rising street food consumption and increasing disposable income in emerging economies such as India and China. Rising preference for grilled food such as french toast, poppers and grilled meat are the major growth drivers for the region. On account of these factors, we are expecting Asia Pacific to grow with the fastest CAGR during the forecast period.
Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59851
Major players are focusing on strategies such as product launch to improve their market presence. For example, in March 2018, Weber-Stephen Products LLC launched a multipurpose product, Q1400. This product can be used for many purposes such as barbecue, grilling, baking, convection and roasting. Brand enhancement and mergers & acquisitions is expected to remain key strategy in years to come.
Some of the major companies profiled in the report 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.
By Product Type (2019–2027; US$ Mn)
- Electric Smokers
- Electric Griddles
- Residential
- Commercial
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
Toll-Free (US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com
very good article, I found this Best Electric Smokers Review in 2020
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