The global electric grill market size is expected to reach
USD 5.21 billion by 2025, according to a new report by Grand View Research,
Inc. It is projected to expand at a CAGR of 5.1% during the forecast period.
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 market.
Barbecuing has evolved beyond just a
pastime and has become an integral part of consumer lifestyle, owing to the
changing lifestyle attributed to rising disposable income. The passion for
adding flavors to food as well as entertaining family and friends, is gaining a
prominent share in developing the market for electric grills. According to the
Hearth, Patio & Barbecue Association (HPBA), in July 2017, 72% of consumers
opted for flavor, 52% opted for lifestyle, and 40% consumers opted for
entertainment as their source of grilling food at home. In addition, factors
such as convenience, accounted for 33%, hobby accounted for 19%, flexibility
accounted for 18% and health accounted for 18% as well in North American.
The prominence of charcoal grills and
gas grills is likely to affect the sales of electric grills in near future. The
preference of consumers to add authentic taste and coal flavor particularly
among the baby boomers generation is likely to drive the market. Although, the
increasing occurrence of fire damages by these dominant grilling products is
expected to drive the consumers towards electric grill appliances.
Growing demand for residential
application is witnessed in Asia Pacific and Africa. The changing lifestyle of
consumers, particularly in the developing economies, has led to growth in sales
of the product. Increasing consumption of street food in countries, such as
China and Japan are expected to propel the regional growth. Street food
comprises the best available food in China and people prefer to add natural
fiery taste to their food.
The commercial application led the
global as well as North America market. The vast market for grilled food owing
to its natural taste and associated health benefits prevail in countries like
U.S. and Canada. Moreover, according to the HPBA, 35% of U.S. consumers planned
to purchase a new grill or smoker in 2017. Most of the buyers are likely to
replace or upgrade their current grill appliance.
Browse full research report on Electric Grill Market: https://www.grandviewresearch.com/industry-analysis/electric-grill-market
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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/electric-grill-market/request/rs1
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
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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