Residential Electric Grill Market Expected to Secure Notable Revenue Share during 2019-2028

Posted on 2019-06-04 by Mark Hub in Retail // 0 Comments

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The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global residential electric grill market size during the period until 2028. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the residential electric grill market during the forecast period.

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Residential Electric Grill Market – Key Insights

The residential electric grill market recorded a volume CAGR of over 7.0% during the period, 2013 to 2018. Residential electric grill have been driven by their benefits over their counterparts, in terms of environmental footprint, ease of use and convenience, and ability to grill meat & vegetables indoor.
In 2018, residential electric grill sales were estimated in excess of 3,200 thousand units, and are expected to register a Y-o-Y growth at 7.6% in 2019. The upward trend of product premiumization, led by manufacturer efforts toward innovative developments that feature integrated connected technologies, continues to complement growth of the residential electric grill market.
North America continues to lead the residential electric grill market, with sales in 2018 estimated in excess of 1000 thousand units. Nearly 30% of the region’s demographic estimated to use a grill or smoker, according to the Hearth, Patio & Barbeque (HBPA).
East Asia is expected to witness a relatively faster growth than other regional markets for residential electric grill. Volume sales of residential electric grill in East Asia are forecast to record a CAGR of 9.0% through 2028.

What are Key Growth Determinants of the Residential Electric Grill Market?

Growing popularity of barbeque as a fast-growing “cuisine” trend, second to healthier eating, continues to underpin residential electric grill sales.
As the confidence in the world economy stabilizes, consumers are willing to spend more on trending food cuisines and relevant products, and electric grills are no exception. It is highly likely that interest of consumers will incline toward ancillary purchases, such as electric grill accessories.
Portability has become a sought-after feature in residential electric grills, with manufacturers focusing on offering enhanced properties such as light-weight and durability. Gains will increase as the all-terrain, compact, and collapsible features facilitate grilling activities on-the-go.
Electric grills sales for residential use will also remain driven by their benefits over charcoal and gas grills by alleviating restrictions apropos of apartment barbecuing.
Growth in the new housing construction activities worldwide have been guiding purchases of various household appliances, and its impact on residential electric grills sales has also been significant.

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Residential Electric Grill Market – Competitive Assessment

Kenyon International, Inc. has recently introduced its new line of grills featuring IntelliKEN Touch^TM, with built-in kitchen timer and additional number of heat settings. The electric grills of Kenyon that feature this seamless touch system include Texan Grill. SilKEN Grill, and Floridian.
Tristar has recently introduced its BQ-2813, an electric table BBQ perfect for grilling meat and vegetables, devoid of the requirement for charcoal or gas. BQ-2813 features a spacious rack that is dishwasher proof with a detachable heating element, further facilitating the cleaning process.
The Hearth, Patio & Barbeque Association (HBPA) has come up with a new campaign called #WHYIGRILL, an initiative aimed at sharing and discovering key motives behind grilling. This campaign has attracted many prospective grillers, ranging from first-time owners to award-winning retailers, manufacturers, and pitmasters.

Key players operating in the residential electric grill market include Koninklijke Philips, The Middleby Corp., Robert Bosch, Kenyon International, Inc., Weber-Stephen Products Llc, Hamilton Beach, Black & Decker Corporation, Char Broil Llc, Masterbuilt Manufacturing LLC, DeLonghi SpA, Roller Grill International, Midea Group, and RH Peterson Co.

Research Methodology

Insights and forecast delivered for the residential electric grill market are backed by a robust and dependable research methodology. Extensive primary interviews and comprehensive secondary researches have been carried out by FactMR analysts for developing this report on the residential electric grill market. The intelligence obtained from primary interviews have been used to validate the insights gained from secondary researches.

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