Electric grills offer convenience to consumers by allowing them to grill indoors or in locations where charcoal and gas grills are prohibited. They provide an alternative grilling method that does not require dealing with lighter fluid, charcoal, or propane. With touchpad controls and automated temperature controls, electric grills take the guesswork out of grilling.
The global Electric Grill Market is estimated to be valued at US$ 5.22 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The expanding options for Global electric grill market size are driving faster market growth. Manufacturers are innovating new electric grill designs that mimic the appearance and functionality of standard charcoal and gas grills. This allows electric grill users to achieve a similar outdoor grilling experience but with the convenience of an electric heating element. Countertop designs as well as large built-in electric grill models that can be installed outdoors are popular with consumers looking for flexibility. Manufacturers are also designing electric grills with new smart features controlled by mobile apps, making it simple to adjust temperature, timers and monitor the grill remotely. These advanced product innovations are helping accelerate consumer adoption of electric grilling.
Segment Analysis
The global electric grill market is dominated by the outdoor segment. Factors such as the ability to easily cook for large groups of people and gatherings, versatility in cooking different foods at once, and ease of cleaning & maintenance are driving the outdoor electric grill segment.
Key Takeaways
The global electric grill market is expected to witness high growth over the forecast period of 2024 to 2031. The global Electric Grill Market is estimated to be valued at US$ 5.22 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Regional analysis: The North American region currently dominates the global electric grill market. Higher consumer preference for grilled food over others, presence of key players, and rising consumer spending on outdoor cooking equipment are propelling market growth in North America. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to rising living standards and increasing spending ability of consumers in countries like China and India.
Key players: Key players operating in the electric grill market are Medtronic, DePuy Synthes, Stryker Corporation, NuVasive Inc., Globus Medical Inc., Orthofix International N.V., Zimmer Biomet Holdings Inc., Alphatec Holdings Inc., B. Braun Melsungen AG, Centinel Spine LLC. Medtronic and DePuy Synthes are currently leading the global electric grill market due to their wide product portfolios and extensive geographical presence.
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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.Read Report Overview: https://www.factmr.com/report/781/electric-grill-marketAs 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.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.
Passion for flavorful foods is further likely to trace an upward graph in the region, implying a bright future for grilling & barbecuing industry.Request for the Sample Report: https://www.factmr.com/connectus/sample?flag=S_id=781Survey 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.
