Electric Grill Market in-depth analysis of Growth prospect by forecast 2028

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global electric grill market during the historical period of 2013 – 2017. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2018 – 2028.

Future of the electric grill market is likely to rely on meat thermometers and grill tongs of Millennials, as consumers between the age-group 25 and 35 are more likely to purchase grills, says a recent Fact.MR study. Grill and relevant accessories are set to perceive a rapid demand growth, with consumer preferences shifting toward high-end, feature-intensive grills. With the trend toward cookouts gaining popularity among young adults worldwide, grill sales are likely to surge significantly, thereby influencing the market for electric grill.

Electric grills sales will also be affected from introduction of new products that feature Bluetooth or Wi-Fi connectivity and offer remote monitoring. Fact.MR’s study estimates nearly 1,730,000 units of electric grills to be sold worldwide by 2028-end. Growth of the barbecuing and grills industry has remained steady over the past few years, post-recovery from weak economic impact on account of housing market collapse. However, with renewed growth of the residential sector, demand for grills will surge underpinned by rising GHDI of consumers in developed and developing nations.

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After reading the electric grill market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the electric grill market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period
  • Technologies and business models with disruptive potential

The electric grill market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

The evaluation of the competitive landscape in the electric grill market covers the profile of the following top players:

  • Midea Group.
  • DeLonghi SpA
  • Dimplex North America Limited
  • The Holland Grill Company Inc
  • Roller Grill International
  • Taylor Company
  • Char-Broil Llc
  • The Middleby Corp.
  • Weber-Stephen Products Llc
  • RH Peterson Co

Indoor application of electric grills will continue to spearhead the market with over three-fifth value share. As electric grills depend on electricity as their source for heating grill plate, restrictions pertaining to apartment barbecuing, such as in gas and charcoal grills, are alleviated. Indoor use devoid of smoke issues is a key advantage of electric grills which has been driving their demand among consumers since their emergence. In a bid to leverage the indoor application’s dominance, electric grill manufacturers are offering various modalities such as countertop designs for permanent kitchen placement.

A promising future has been envisaged for the barbecuing and grilling industry in North America by Hearth, Patio and Barbecue Association (HPBA). HPBA states approximately 30% consumers to utilize grills or smokers, which in turn has led grilling to gain immense traction as year-round passion in the region. Passion for taste and flavor in foods is likely to demonstrate rising vigour in North America, implying positive prospects for barbecuing & grilling industry. Barbecuing has become more of an inherent part of consumers’ lifestyle in the region.

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The global electric grill market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

Some important questions that the electric grill market report tries to answer exhaustively are:

  • Key strategic moves by various players in the electric grill market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
  • Which strategies will enable top players in the electric grill market to expand their geographic footprints?
  • Which new business models are expected to change the course of growth of key regional markets in near future?
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
  • Which products segments have in recent years have seen new, lucrative application areas?

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