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Electric Grills Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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  • 116 Pages
  • December 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5713425
Description Jump to:

Increasing Influence of Grilled Food to Boost the Electric Grills Market

The electric grills market worldwide is expected to grow with a CAGR of 7.1% during the forecast period from 2022 to 2030, starting from US$ 634.1 Mn in 2021. Electric grills have some unique benefits such as indoor use, smoke-free, and others that are unmatched by any other cooking grill. Inclination towards healthy grilled food, changing lifestyles, and preference for homemade grilled food are the major growth drivers for the electric grills market. Rapid technological advancement is also gaining traction as now Bluetooth and Wi-Fi enabled electric grills are there in the market. In addition, the ongoing COVID-19 crisis has resulted in lockdown restrictions and people have been spending more time at home. Thereby, there has been a rising trend in home cooking since a lot of people have been avoiding visiting local restaurants and diners. As a result of these factors, we are expecting high growth in the electric grills market during the forecast period.

Electric Smokers to Continue as the Market Leader

The electric smoker's segment holds the highest market share in the electric grills industry with more than 60% of the market revenue, as of 2021. With the growing penetration of electric grills in restaurants, hotels, and residents electric smokers segment is the leader. Electric smokers are available in a smaller form or a refrigerator style to cook plenty of food at the same time. Nowadays, people are more concerned about their health and grilled food is often considered healthy, which in turn increasing the demand for electric smokers worldwide. As a result of these factors, we are expecting the electric smoker's segment to be the market leader during the forecast period.

Asia Pacific to Emerge as the Market Leader

In 2021, by revenue, North America is the leader in the electric grills market followed by Europe with more than 30% of market share. North America has the largest share owing to grilling became an integral part of consumers lifestyle. The Asia Pacific will be the fastest-growing region due to inclination towards healthy food and an increase in per capita income. Rising preference for homemade grilled food in countries such as Japan, China, and India are the major growth factors in the region. As a result of these factors, we are expecting a steady growth in the region throughout the forecast period.

Major players are focusing on strategies such as innovation-led product launch to increase their market presence. For instance, in 2017, Koninklijke Philips N.V. launched a smoke-less indoor grill with up to 80% less smoke and with advanced infrared technology. Brand enhancement and mergers & acquisitions are expected to remain a key strategy in years to come. Some of the prominent players operating in the electric grills market include The Weber-Stephen Products LLC, Middleby Corporation, Taylor Company Inc., Roller Grill International SA, Dimplex North America Limited, DeLonghi SpA, Coleman Company, Inc., Midea Group, Char-Broil Llc, Zojirushi, Koninklijke Philips N.V. and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electric Grills market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Electric Grills market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

  • Electric Smokers
  • Electric Griddles

Application

  • Residential
  • Commercial

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Electric Grills market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Electric Grills market?
  • Which is the largest regional market for Electric Grills market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Electric Grills market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Electric Grills market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Electric Grills Market
2.2. Global Electric Grills Market, By Product, 2021 (US$ Million)
2.3. Global Electric Grills Market, By Application, 2021 (US$ Million)
2.4. Global Electric Grills Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021

3. Electric Grills Market: Competitive Analysis
3.1. Market Positioning of Key Electric Grills Market Vendors
3.2. Strategies Adopted by Electric Grills Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. Electric Grills Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Electric Grills Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Electric Grills Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Electric Smokers
5.3.2. Electric Griddles

6. Electric Grills Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Residential
6.3.2. Commercial

7. North America Electric Grills Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Electric Grills Market: By Product, 2020-2030, USD (Million)
7.3. Electric Grills Market: By Application, 2020-2030, USD (Million)
7.4.Electric Grills Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. Electric Grills Market: By Application, 2020-2030, USD (Million)

8. UK and European Union Electric Grills Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.3. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.Electric Grills Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. Electric Grills Market: By Application, 2020-2030, USD (Million)

9. Asia Pacific Electric Grills Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.3. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.Electric Grills Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. Electric Grills Market: By Application, 2020-2030, USD (Million)

10. Latin America Electric Grills Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Electric Grills Market: By Product, 2020-2030, USD (Million)
10.3. Electric Grills Market: By Application, 2020-2030, USD (Million)
10.4.Electric Grills Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. Electric Grills Market: By Application, 2020-2030, USD (Million)

11. Middle East and Africa Electric Grills Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Electric Grills Market: By Product, 2020-2030, USD (Million)
11.3. Electric Grills Market: By Application, 2020-2030, USD (Million)
11.4.Electric Grills Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. Electric Grills Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Electric Grills Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. Electric Grills Market: By Application, 2020-2030, USD (Million)

12. Company Profile
12.1. The Weber-Stephen Products LLC
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Middleby Corporation
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Taylor Company Inc.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Roller Grill International SA
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Dimplex North America Limited
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. DeLonghiSpA
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Coleman Company, Inc.
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Midea Group
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Char-Broil Llc
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Zojirushi
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Koninklijke Philips N.V.
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives

List of Figures
Figure 1 Global Electric Grills Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Electric Grills Market: Quality Assurance
Figure 5 Global Electric Grills Market, By Product, 2021
Figure 6 Global Electric Grills Market, By Application, 2021
Figure 7 Global Electric Grills Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Electric Grills Market, 2021
Figure 9 Market Positioning of Key Electric Grills Market Players, 2021
Figure 10 Global Electric Grills Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Electric Grills Market, By Product, 2021 Vs 2030, %
Figure 12 Global Electric Grills Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Electric Grills Market (US$ Million), 2020 - 2030
Figure 14 Canada Electric Grills Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Electric Grills Market (US$ Million), 2020 - 2030
Figure 16 UK Electric Grills Market (US$ Million), 2020 - 2030
Figure 17 Germany Electric Grills Market (US$ Million), 2020 - 2030
Figure 18 Spain Electric Grills Market (US$ Million), 2020 - 2030
Figure 19 Italy Electric Grills Market (US$ Million), 2020 - 2030
Figure 20 France Electric Grills Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Electric Grills Market (US$ Million), 2020 - 2030
Figure 22 China Electric Grills Market (US$ Million), 2020 - 2030
Figure 23 Japan Electric Grills Market (US$ Million), 2020 - 2030
Figure 24 India Electric Grills Market (US$ Million), 2020 - 2030
Figure 25 Australia Electric Grills Market (US$ Million), 2020 - 2030
Figure 26 South Korea Electric Grills Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Electric Grills Market (US$ Million), 2020 - 2030
Figure 28 Brazil Electric Grills Market (US$ Million), 2020 - 2030
Figure 29 Mexico Electric Grills Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Electric Grills Market (US$ Million), 2020 - 2030
Figure 31 GCC Electric Grills Market (US$ Million), 2020 - 2030
Figure 32 Africa Electric Grills Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Electric Grills Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Electric Grills Market By Product, 2020-2030, USD (Million)
Table 2 Global Electric Grills Market By Application, 2020-2030, USD (Million)
Table 3 North America Electric Grills Market By Product, 2020-2030, USD (Million)
Table 4 North America Electric Grills Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Electric Grills Market By Product, 2020-2030, USD (Million)
Table 6 U.S. Electric Grills Market By Application, 2020-2030, USD (Million)
Table 7 Canada Electric Grills Market By Product, 2020-2030, USD (Million)
Table 8 Canada Electric Grills Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Electric Grills Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America Electric Grills Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Electric Grills Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union Electric Grills Market By Application, 2020-2030, USD (Million)
Table 13 UK Electric Grills Market By Product, 2020-2030, USD (Million)
Table 14 UK Electric Grills Market By Application, 2020-2030, USD (Million)
Table 15 Germany Electric Grills Market By Product, 2020-2030, USD (Million)
Table 16 Germany Electric Grills Market By Application, 2020-2030, USD (Million)
Table 17 Spain Electric Grills Market By Product, 2020-2030, USD (Million)
Table 18 Spain Electric Grills Market By Application, 2020-2030, USD (Million)
Table 19 Italy Electric Grills Market By Product, 2020-2030, USD (Million)
Table 20 Italy Electric Grills Market By Application, 2020-2030, USD (Million)
Table 21 France Electric Grills Market By Product, 2020-2030, USD (Million)
Table 22 France Electric Grills Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Electric Grills Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe Electric Grills Market By Application, 2020-2030, USD (Million)
Table 25 Asia Electric Grills Market By Product, 2020-2030, USD (Million)
Table 26 Asia Electric Grills Market By Application, 2020-2030, USD (Million)
Table 27 China Electric Grills Market By Product, 2020-2030, USD (Million)
Table 28 China Electric Grills Market By Application, 2020-2030, USD (Million)
Table 29 Japan Electric Grills Market By Product, 2020-2030, USD (Million)
Table 30 Japan Electric Grills Market By Application, 2020-2030, USD (Million)
Table 31 India Electric Grills Market By Product, 2020-2030, USD (Million)
Table 32 India Electric Grills Market By Application, 2020-2030, USD (Million)
Table 33 Australia Electric Grills Market By Product, 2020-2030, USD (Million)
Table 34 Australia Electric Grills Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Electric Grills Market By Product, 2020-2030, USD (Million)
Table 36 South Korea Electric Grills Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Electric Grills Market By Product, 2020-2030, USD (Million)
Table 38 Latin America Electric Grills Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Electric Grills Market By Product, 2020-2030, USD (Million)
Table 40 Brazil Electric Grills Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Electric Grills Market By Product, 2020-2030, USD (Million)
Table 42 Mexico Electric Grills Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Electric Grills Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America Electric Grills Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Electric Grills Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa Electric Grills Market By Application, 2020-2030, USD (Million)
Table 47 GCC Electric Grills Market By Product, 2020-2030, USD (Million)
Table 48 GCC Electric Grills Market By Application, 2020-2030, USD (Million)
Table 49 Africa Electric Grills Market By Product, 2020-2030, USD (Million)
Table 50 Africa Electric Grills Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Electric Grills Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Electric Grills Market By Application, 2020-2030, USD (Million)

Companies Mentioned

  • The Weber-Stephen Products LLC
  • Middleby Corporation
  • Taylor Company Inc.
  • Roller Grill International SA
  • Dimplex North America Limited
  • DeLonghi SpA
  • Coleman Company Inc.
  • Midea Group
  • Char-Broil Llc
  • Zojirushi
  • Koninklijke Philips N.V.

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