Residential Electric Grill Market Offered in New Research Forecasted through 2022

Posted on 2019-05-01 by Mark Hub in Retail // 0 Comments

Fact.MR

Rockville, US, 2019-May-01 — /EPR Network/ — The report studies the “Residential Electric Grill Market” worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2022. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report titled “Residential Electric Grill Market Offered in New Research Forecasted through 2022”. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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According to a new Fact.MR study. The residential electric grill sales have been influenced by a slew of factors, which range from the trend of “going smokeless” for reducing the environmental footprint, to integration of connected technologies such as Bluetooth and Wi-Fi that enable remote monitoring. However, reluctance toward electric grills remains among consumers who hold authenticity of taste obtained from gas grills in greater regard.

Evolving requirements of consumers have led to introduction of a variety of residential electric grills, among which built-in and portable have been significant variants. The report states that built-in electric grills have been accounting for a larger share of the market, with over 6 in 10 of overall residential electric grills sold worldwide. Built-in electric grills have gained a remarkable popularity as preferred variant among residential buyers, with indoor as well as outdoor compatibility being a value-added offering of manufacturers. Although relatively less significant compared to built-in variants, portable electric grills will witness a steady rise in sales to surpass 800 thousand units in 2019.

“New purchases of residential electric grills have been on the rise, driven by various factors including upgradation to better quality models, replacement of worn out grills, and cooking a wider variety of flavors. Nearly 50% of the US adults purchased new grills, and over one-third of them upgraded their existing models. Generation Y and Millennials are expected to be a more lucrative consumer base for residential electric grills compared to the Baby Boomers,” according to a lead analyst at Fact.MR.

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The study states that nearly 70% of the consumers in North America owns grilling equipment, with 60% of Millennials stating grilling as their favorite summer activity. Additionally, approximately 35% of Millennials in the region have been witnessed to grill at home, thereby creating a lucrative consumer base for residential electric grills. The study further estimates majority of consumers in North America possess multiple accessories, alluding willingness of consumers to spend more on customized grilling experience.

Key players operating in the residential electric market are shifting their focus toward adoption of advanced infrared heating technology in their newer products, in a bid to attract more consumers and boost sales. As this heating technology has been associated with nearly 80% less smoke, along with minimized spattering, more and more residential electric grill will be integrated with advanced infrared technology in the upcoming years.

The risk of carcinogens in the smoke produced grilling activities are offset by the residential electric grills, and with the advanced infrared technology enables curtailing such harmful impacts while retaining the taste authenticity sought-after by consumers. Leading players in the residential electric grill market are also focusing on developments to facilitate consumers in cleaning of the grills via offerings such as detachable parts, dishwasher proofing, and minimal spattering.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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