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The electric grill market size is forecast to increase by USD 1.00 billion at a CAGR of 4.44% between 2023 and 2028. The market is experiencing significant growth, driven by the rising trend of cookouts on weekends and holidays. This trend is particularly prevalent in residential settings, leading to an increase in the launch of new residential electric grills. The growing popularity of vegan food options is also contributing to this rise, as consumers seek versatile grills that can cater to plant-based cooking. However, the market faces challenges from substitutes such as gas grills and traditional stovetop grills. Despite this, the convenience and ease of use offered by electric grills make them an attractive option for consumers. Additionally, advancements in technology, including smart grills and portable options, are expanding the market's reach and increasing its appeal to a wider audience. As part of the broader kitchen appliances market, electric grills are becoming an essential product in modern kitchens. Overall, the market is poised for continued growth, fueled by consumer demand for convenience, plant-based cooking solutions, and technological innovation.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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