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The electric grill market share is expected to increase to USD 1.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.78%.
This electric grill market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric grill market segmentation by application (commercial and residential) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The electric grill market report also offers information on several market vendors, including Weber Stephen Products HK Ltd., The Middleby Corp., Breville Group Ltd., Conair Corp., De Longhi S.p.A, Empire Comfort Systems, Groupe SEB, Kenyon International Inc., Koninklijke Philips NV, LANDMANN Germany GmbH, Longbank, Newell Brands Inc., RH Peterson Co., Robert Bosch GmbH, ROLLER GRILL INTERNATIONAL SAS, Spectrum Brands Holdings Inc., TTK Prestige Ltd., W.C. Bradley Co., Whirlpool Corp., and Wolf Steel LTD. among others.
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The rising trend of cookouts on weekends and holidays is notably driving the electric grill market growth, although factors such as the presence of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric grill industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Electric Grill Market Driver
Key Electric Grill Market Trend
Key Electric Grill Market Challenge
This electric grill market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global electric grill market as a part of the global household appliances market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric grill market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the electric grill market encompasses successful business strategies deployed by the key vendors. The electric grill market is fragmented and the vendors are deploying growth strategies such as investing in new product development and offering increased warranty periods to compete in the market.
breville.com - The company offers electric grills such as Multigrill CGH 1012D, Multigrill CGH 1030D.
breville.com - Under the global product segment, the company sells premium products designed and developed by Breville, which are sold globally.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electric grill market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the electric grill market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for electric grills in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.
The presence of many established vendors will facilitate the electric grill market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted vendors of the electric grill market in the region. Governments of various countries, such as the US, Canada, and Mexico, imposed stringent COVID-19-related restrictions, including nationwide lockdowns and stay-at-home regulations. However, by the end of Q3 2020, the manufacturing and distribution facilities of the company reopened. There was an increase in the popularity of at-home barbequing and grilling in the region during the pandemic as consumers stayed at home and cooked meals instead of dining out in restaurants.
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The electric grill market share growth by the commercial segment will be significant during the forecast period. The rising number of restaurants and hotels in US, the UK, and India is expected to drive the demand for commercial electric grills during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the electric grill market size and actionable market insights on post COVID-19 impact on each segment.
Electric Grill Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.78% |
Market growth 2022-2026 |
$ 1.08 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.35 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, China, India, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Weber Stephen Products HK Ltd., The Middleby Corp., Breville Group Ltd., Conair Corp., De Longhi S.p.A, Empire Comfort Systems, Groupe SEB, Kenyon International Inc., Koninklijke Philips NV, LANDMANN Germany GmbH, Longbank, Newell Brands Inc., RH Peterson Co., Robert Bosch GmbH, ROLLER GRILL INTERNATIONAL SAS, Spectrum Brands Holdings Inc., TTK Prestige Ltd., W.C. Bradley Co., Whirlpool Corp., and Wolf Steel LTD. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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