Electric Grill Market by Application and Geography - Forecast and Analysis 2022-2026

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.

What will the Electric Grill Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Electric Grill Market Size for the Forecast Period and Other Important Statistics

 

Electric Grill Market: Key Drivers, Trends, and Challenges

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

• One of the key factors driving growth in the electric grill market is the rising trend of cookouts on weekends and holidays.
• In countries such as the US and Canada, there is an increase in the use of barbeque grills for cooking food, including meat, on national holidays such as Christmas, Thanksgiving, Independence Day, New Year's Eve, Memorial Day, and Labor Day.
• Small-sized and portable barbeque grills, such as single-burner grills, are convenient to use and easy to carry for outdoor activities such as camping, road trips, and other outings.
• Vendors in the market offer specialized electric grills that can be used for outdoor grilling. These include compact and portable electric grills for camping, tailgating, cookouts, and other outdoor activities.
• The increased use of electric grills for barbeque grilling on weekends and outdoor holiday outings will drive the growth of the global electric grill market.

Key Electric Grill Market Trend

• The rising launch of residential electric grills is a key electric grill market trend that is expected to have a positive impact in the coming years.
• The rising trend of outdoor grilling among people has led vendors to launch new and innovative products to attract a large customer base. 
• In November 2021, Kenyon International, Inc., a specialty electric grill manufacturer, launched a new product called the G2 Grill. The product offers a 35% larger cooking surface than other electric grills offered by the company.
• In July 2021, TTK Prestige Limited launched a new electric grill 4.0, which requires very little oil as the specially designed and robustly built aluminum ceramic plates are naturally non-stick in nature. Thus, the rising launch of residential electric grills is anticipated to drive the growth of the global electric grill market.

Key Electric Grill Market Challenge

• The presence of substitutes will be a major challenge for the electric grill market during the forecast period.
• Electric grills have many substitutes, such as gas-fueled grills, charcoal grills, and wood pellet grills. These substitutes are highly differentiated, for instance, there are a wide variety of gas grills such as freestanding gas grills, built-in gas grills, portable gas grills, freestanding charcoal grills, smoker grills, and kamado grills.
• The vendors for substitute products launch innovative products which increase the threat of substitute for the global electric grill market.
• Iin August 2021, BBQGuys, a leading e-commerce retailer for grilling products, operated by ShoppersChoice.com, LLC launched a leading e-commerce retailer for grilling products, launched a new line of Victory grills, which include two product offerings under the brand name The Victory Gas Grill and The Victory Pellet Grill.
• There is a high cost of maintenance involved in maintaining such barbeque grills, and often, components need to be replaced.
• The presence of many substitutes is expected to hinder the growth of the global electric grill market.

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.

Parent Market Analysis

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.

Who are the Major Electric Grill Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Wolf Steel LTD.

 

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.

Product Insights and News

• 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.

Electric Grill Market Value Chain Analysis

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.

Which are the Key Regions for Electric Grill Market?

For more insights on the market share of various regions Request for a FREE sample now!

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. 

What are the Revenue-generating Application Segments in the Electric Grill Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

Request for a FREE sample

What are the Key Data Covered in this Electric Grill Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electric grill market growth during the next five years
• Precise estimation of the electric grill market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric grill industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric grill market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch