22-Oct-2019: 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.
In
depth research report on 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.
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
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About
Grand View Research
Grand View Research, Inc. is the
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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.