The global electric grill market size was valued at USD 4.49 billion in 2022 and is projected to reach USD 7.03 billion by 2031, expanding at a CAGR of 5.1% between 2023 and 2031. The growth of the market is attributed to rising trend of cookouts among the millennials.
Electric grill consist of an electric element that supplies constant heat to the food. No flame or fuel such as gas or charcoal is involved during the cooking process. This product can be both indoors or outdoors. It does not require a lot of space. An electric grill products intense radiant heat and then cuts the powers off and re-energizes its heat coils intermittently with the help of timer and temperature sensor.
The heating element of an electric grill cannot be submersed in water and should be unplugged during the cleaning process. There are of two types of electric grills such as clamshell contact and open grills with single side heat element.
They a drip pan underneath the heating element to catch any juices that runs off the meat during the grilling process. Electric smokers are also available to regulate the smoke emitted during the cooking process. An electric grill has low, medium, and high temperature settings.
Market Trends, Drivers, Restraints, and Opportunities
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Changing lifestyle of consumers and increasing technological innovations are the driving the growth of the market.
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Increasing number of fast food restaurants is speculated to propel the growth of the market.
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Rising popularity of home cooking during COVID-19 pandemic has spurred the market growth.
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High cost of repair and maintenance to restrain the market growth
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Rapid urbanization and hectic lifestyle have increased the demand for electric grills in the emerging economies.
Scope of Electric Grill Market Report
The report on the electric grill market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Electric Grill Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Products (Electric Smokers and Electric Griddles) and Applications (Residential and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Weber-Stephen Products LLC, The Middleby Corp., Taylor Company, Roller Grill International, The Holland Grill Company Inc., Dimplex North America Limited, DeLonghi SpA, The Coleman Company, Inc., Midea Group., RH Peterson Co., Char-Broil LLC, ElectriChef, Cuisinart, Kenyon International, Inc., FIRE MAGIC, TTK Prestige Ltd, and Groupe SEB
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Electric Grill Market Segment Insights
On the basis of products, the market is divided into electric smokers and electric griddles. The electric smokers segment accounted for over 65% of the market share, in terms of revenue, in 2020. Electric smoker is a basic barrel style drum that has a vertical box, which are designed in such way that it helps to cook meat slowly.
Conversely, the electric griddles segment held a significant market share of the global revenue. Electric griddles constitute a smooth and continuous surface for cooking, which makes it an ideal product for cooking pancakes and flatbread dishes. Moreover, rising preference for vegan food has contributed to the growth of electric griddles.
Based on applications, the market is divided into residential and commercial. The commercial segment is anticipated to grow at a high CAGR during the forecast period. This segment is driven by introduction of advanced electric grills that has the ability to perform multiple tasks simultaneously.
On the other hand, the residential segment held a dominant share in the electric grill market. Electric grill does not have smoke dissipation issues, which has increased the demand for the product in the residential sector.
On the basis of regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for over 35% of the market share in 2020, in terms of revenue.
Increasing adoption of advanced kitchen appliances in the food industry as well as in the residential sector across the US and Canada is driving the growth of the market in region. Asia Pacific held a market share of above 40% in 2020, in terms of revenue. This is attributed to rising disposable income and the growing number of cafes, restaurants and fast food retailers.
Segments
The electric grill market has been segmented on the basis of
Products
- Electric Smokers
- Electric Griddles
Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Weber Inc.
- The Middleby Corp
- Taylor Company
- Roller Grill International
- The Holland Grill Company Inc
- Dimplex North America Limited
- DeLonghi SpA
- The Coleman Company, Inc
- Midea Group
- RH Peterson Co.
- Char-Broil LLC
- ElectriChef
- Cuisinart
- Kenyon International Inc.
- FIRE MAGIC
- TTK Prestige Ltd
- Groupe SEB
Competitive Landscape
Major players of the market are Weber Inc., The Middleby Corp., Taylor Company, Roller Grill International, The Holland Grill Company Inc., Dimplex North America Limited, DeLonghi SpA, The Coleman Company, Inc., Midea Group., RH Peterson Co., Char-Broil LLC, ElectriChef, Cuisinart, Kenyon International, Inc., FIRE MAGIC, TTK Prestige Ltd, and Groupe SEB.
Companies are engaging in partnership, collaboration, and merges. Moreover, the companies are focusing on expanding their product portfolio to expand their expand share.
- In March 2018, Weber-Stephen Products LLC launched Q1400 that can be used for barbecue, grilling, baking, convection, and roasting.
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