Global Electric Grill Market By Product (Electric Smokers and Electric Griddles), By Application (Residential and Commercial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Electric Grill Market Overview:

The global electric grill market value was USD 3,970 million in 2021 and is forecast to grow at a compound annual growth rate (CAGR), of 5.3% between 2023-2032.

Global Electric Grill Market

Product Analysis

Electric smokers accounted for more than 60% market share in 2021, accounting for the largest product category. Basic smokers are a basic barrel-style drum and a vertical box, which allow the meat to be slow-cooked. Smoke from burning wood, such as mesquite logs or pecan, can be added to the product to enhance the cooking and flavor.

The smaller forms of these smoker products can be used outdoors or in a refrigerator to cook large amounts of meat. This product is proving to be a popular choice for outdoor cooking due to its user-friendly design, low maintenance requirements, and ease of replacement.

A projected growth rate of 5.4% for electric griddles is predicted between 2023-2032. It has a smooth, continuous surface, making it ideal for cooking flatbreads, pancakes, and other simple dishes. As vegetarian cooking is becoming more popular, electric griddles have seen a rise in popularity.

Grills, which have open slats for draining grease, are more popular than those that use a slicing system. The grill creates distinct grill lines which enhance the taste of the food. Wood-pellet grills are also becoming more popular. In 2021, the electric wood pellet was able to hold a 2% market share in outdoor grills while the remaining 7% were potential buyers for the wood-pellet barbecue.

Application Analysis

The 2021 commercial revenue reported by the company was USD 2,100 million. It is expected to see significant growth due to increasing demand in restaurants, hotels, and events for the product. Grilled food can be considered healthy, as it is prepared in a natural manner with very few spices and no other flavorings. Large-scale companies are now launching products in the marketplace that incorporate the latest technology. Weber’s infinity ignition switch, which guarantees a start, was launched in June 2017.

The 10-year warranty is offered by the company. The Simple smoker, which includes a meat probe smoking procedure, and the Digital Electric smoker, which can be operated up to 6.5 hours per day, are two new smart smokers from Char-Broil.

From 2023 to 2032, residential applications are expected to experience a 5.3% CAGR. This is due to consumers’ increasing use of premium products to improve their cooking skills and enhance the natural flavor of the food. Generation Y is the largest group of consumers, and they are more likely to enjoy backyard cooking. This generation is also more likely to experiment with food and cooking, due to the influence of television cook shows like Grilling with Rich’s BBQ Pitmasters.

In addition, electric grills that are smoke-free have exploded in popularity for residential use. To capitalize on the popularity of indoor applications in residential homes, manufacturers offer countertop designs.

Key Market Segments

Product

• Electric Smokers
• Electric Griddles

Application

• Residential
• Commercial

Market Dynamics

Products sales are driven by the growing popularity of cooking out among young people. This trend is expected to be further fueled by a shift towards at-home cooking for leisure and hobbies.

Due to the rising demand for home grilling, electric grills have seen a significant increase in adoption. Electric grills are easier to use because they don’t need to be heated, added charcoal, or smoked. The market shares these products because of their convenience and indoor utility.

Electric grills are powered by electricity, which is a fuel source for heating the grill surface and grill plate. This provides the added benefit of avoiding charcoal and gas grills when barbecuing in apartments. This will encourage indoor use beyond smoking to increase product demand.

A changing consumer lifestyle and the adoption of premium products with greater technological advancements is requiring compact and portable products. Electric grills are lightweight, portable, and easy-to-carry products that don’t require any installation. Working-class professionals emphasize the importance of compact size and durability, as well as the latest technology.

In order to disrupt their respective industries, prominent players are increasing their investment in innovation and technology. Kenyon International, Inc., for instance, introduced its IntelliKEN Touch product line in March 2019. This new line features a touch control system, a built-in kitchen timer, and a touch control system.

Spectrum Brands, Inc. released Five Serving Grill & Broil, a five-slice grill, and broil, under its brand George Foreman Grills, in September 2016. The countertop broiling feature allows users to grill, broil and melt in one appliance.

Regional Analysis

North America had a 34.8% market share in 2021. This is due to greater use of both backyard and at-home cooking. In the region, barbecuing is a popular part of the consumer’s lifestyle. This is combined with a passion to taste and enhance food flavors.

According to the Hearth, Patio, and Barbecue Association, 30% of consumers in North America use grills and smokers, which has resulted in a rise in demand for the products. HPBA also predicts that more than a third of consumers will buy new products. This is great news for the region.

The Asia Pacific experienced growth because of the increased consumption of street food, and investment in barbecue products from key markets such as China and India. Regional markets are being shaped by a growing preference for food other than burgers and hot dogs, as well as the rising popularity of poppers, pizza, and French Toast on outdoor grills.

Manufacturers are increasingly investing in new product development that incorporates advanced technology features to make it easy for customers. Char-Broil’s SmartChef app, which allows you to maintain the temperature of meat, cook time, and chamber temperatures, was launched in January 2016.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

Leaders stress the importance of product innovation in order to gain more market share globally. Due to the growing preference for healthier food in most regions, the new product launches keep the consumer’s interest alive.

Weber-Stephen Products LLC, The Coleman Company, Inc., and The Coleman Company, Inc. hold the largest market share, at 40% and 8%, respectively. The players also choose innovative, technological products to satisfy the demand. Weber-Stephen Products LLC, for example, launched Q1400 in March 2018. It can be used for cooking, grilling, and baking as well as convection or roasting. TTK Prestige Ltd. released a product with temperature control and nonstick heating plates.

Key Market Players

These are just a few of the major players in the electric grill market.

• The Coleman Company Inc.
• Taylor Company
• The Middleby Corp.
• Roller Grill International
• Holland Grill Company Inc.
• DeLonghi SpA
• Dimplex North America Limited
• Weber-Stephen Products LLC
• Other Key Players

For the Electric Grills Market research study, the following years have been considered to estimate the market size: