by The global Electric Grill Market is estimated to be valued at US$ 4.53 Billion in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electric grills offer convenience and flexibility to cook indoors or outdoors without creating smoke or fire hazards. They are easy to use, maintain and clean compared to gas or charcoal grills. Their compact size also makes electric grills ideal for smaller cooking spaces.
Market key trends:
One of the key trends in the electric grill market is the rising demand for energy efficient and safe grilling appliances for residential as well as commercial use. Manufacturers are focusing on developing electric grills with advanced cooking technology, automatic temperature control and sensors for even heating. They are integrating features like connection to smart devices and apps for remote monitoring and control. Rising health concerns have also boosted the demand for grills that produce less smoke and carcinogenic compounds during cooking compared to gas or charcoal variants.
The electric grill market has been witnessing significant growth owing to the rising consumer preference for easy-to-use and easy-to-clean grilling appliances. The increasing urbanization and busy lifestyle of consumers have raised the demand for compact and convenient grilling solutions for outdoor as well as indoor use. Furthermore, the growing popularity of indoor grilling among home chefs and individuals is also supporting the sales of electric grills.
SWOT Analysis
Strength: Electric grills offer convenience as they are easy to use and clean. They also do not require manual monitoring like charcoal or gas grills.
Weakness: Electric grills have limited space and may not be suitable for large gatherings. They also cannot match the smokey barbecue flavor of charcoal or gas grills.
Opportunity: Rising health awareness and preference for clean cooking is creating demand for electric grills. Growth in outdoor recreation activities would also benefit their sales.
Threats: Stiff competition from established gas and charcoal grill manufacturers. Volatility in raw material prices can raise the input costs.
Key Takeaways
The Global Electric Grill Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing preference for easy-to-use kitchen and outdoor appliances.
The North America electric grill market holds the major share currently and is expected to remain the dominating region over the forecast period. This can be attributed to excessive outdoor recreation activities and camping in countries like United States and Canada.
Key players operating in the electric grill market are Weber, Coleman, George Foreman, Traeger, Masterbuilt, Green Mountain Grills, Char-Broil, Kenyon, Camp Chef, Blackstone, Hamilton Beach, TEC, Excelvan, Zojirushi, Delonghi, Brentwood, Fuego, PowerXL, Elite Platinum, Cuisinart. Weber and Coleman captured significant share of the market due to their early mover advantage and wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
