Electric grills are portable grilling appliances that are powered by electricity and do not require briquettes or liquid propane gas for cooking. They offer convenience of grilling indoors or outdoors without producing smoke. Electric grills are ideal for preparing meals when on camping trips or outdoor activities as well as for small household purposes.
The global Electric Grill Market is estimated to be valued at US$ 5.22 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing popularity of outdoor dining and grilling is one of the key factors propelling the demand for electric grills. More people are opting for al fresco dining and grilling experiences as it allows social interaction in open spaces while enjoying barbeque meals. This has translated into increased sales of electric grills which provide smoke-free and convenient grilling solutions for outdoor activities. Manufacturers are also launching innovative electric grill models with advanced features like multiple heat zones, automatic temperature control and easy clean grills, which is appealing to the rising consumer demand.
SWOT Analysis
Strength: Global electric grill market size are easy to use and cook food quickly. They offer convenience as users do not require charcoal or gas.
Weakness: Electric grills have limited temperature control compared to gas or charcoal grills. They also cannot produce the same smoky flavor.
Opportunity: Rising popularity of outdoor cooking and grilling is driving the demand for electric grills. Their smokeless functioning makes them suitable for use in apartments and places where smoke is restricted.
Threats: Availability of cheaper gas grills remains a challenge. Strict government regulations around outdoor smoking can also hamper the electric grill market.
Key Takeaways
The global electric grill market is expected to witness high growth over the forecast period of 2024 to 2031. The global Electric Grill Market is estimated to be valued at US$ 5.22 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Regional analysis indicates North America holds the largest share currently due to rising backyard entertaining and grilling culture. Growing health awareness is also shifting consumers towards healthier grilling options offered by electric grills. The fastest growing regional market for electric grills is expected to be Asia Pacific due to growing appettite for outdoor cooking and rising discretionary incomes. China dominates the Asia Pacific electric grill sales currently driven by large population and urbanization.
Key players operating in the electric grill market are Medtronic, DePuy Synthes, Stryker Corporation, NuVasive Inc., Globus Medical Inc., Orthofix International N.V., Zimmer Biomet Holdings Inc., Alphatec Holdings Inc., B. Braun Melsungen AG, Centinel Spine LLC. These companies are focusing on technological advancements to enhance product features like automatic temperature control. They are also expanding their geographic footprint in emerging Asian markets through partnership with local distributors.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it