They provide an alternative grilling method that does not require dealing with lighter fluid, charcoal, or propane. With touchpad controls and automated temperature controls, electric grills take the guesswork out of grilling.
The global Electric Grill Market is estimated to be valued at US$ 5.22 Mn in 2023 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 expanding options for Global electric grill market size are driving faster market growth. Manufacturers are innovating new electric grill designs that mimic the appearance and functionality of standard charcoal and gas grills. This allows electric grill users to achieve a similar outdoor grilling experience but with the convenience of an electric heating element. Countertop designs as well as large built-in electric grill models that can be installed outdoors are popular with consumers looking for flexibility. Manufacturers are also designing electric grills with new smart features controlled by mobile apps, making it simple to adjust temperature, timers and monitor the grill remotely. These advanced product innovations are helping accelerate consumer adoption of electric grilling.
Segment Analysis
The global electric grill market is dominated by the outdoor segment. Factors such as the ability to easily cook for large groups of people and gatherings, versatility in cooking different foods at once, and ease of cleaning & maintenance are driving the outdoor electric grill segment.
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 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Regional analysis: The North American region currently dominates the global electric grill market. Higher consumer preference for grilled food over others, presence of key players, and rising consumer spending on outdoor cooking equipment are propelling market growth in North America. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to rising living standards and increasing spending ability of consumers in countries like China and India.
Key players: 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. Medtronic and DePuy Synthes are currently leading the global electric grill market due to their wide product portfolios and extensive geographical presence.
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