Electric Grill Market Growth, Size, and Forecast 2031

Electric Grill Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Indoor Grill and Outdoor Grill), and End-use (Residential and Commercial), and Geography

  • Report Code : TIPRE00013169
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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The electric grill market size is projected to reach US$ 7.63 billion by 2031 from US$ 4.62 billion in 2023. The market is expected to register a CAGR of 6.5% in 2023–2031. Growing environmental sustainability concerns and the growing popularity of cooking food outside are likely to remain key electric grill market trends.

Electric Grill Market Analysis

The benefits of electric grills, such as quick, convenient, and consistent cooking with regulating temperature controls, are one of the key factors driving the market growth. The rising demand for outdoor cooking and the mounting popularity of barbecue culture generate the demand for electric grills. The rising disposable income of people and soaring urbanization are improving the purchasing power of consumers, leading to the adoption of electric grills. Tech-savvy consumers are more inclined towards the adoption of smart electronics. To cater to this demand, market players are launching smart solutions which is driving the market growth.

Electric Grill Market Overview

An electric grill is an outdoor cooking appliance that heats and cooks a variety of food, from meat to vegetables. These grills are powered by electricity and don’t require a propane tank, fire starter, or charcoal to heat the grill. Due to this reason, electric grills are considered a more eco-friendly and safer option compared to other alternatives. In addition, they are easy to use as compared to others. Such factors lead to its adoption and foster its market growth.

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Electric Grill Market: Strategic Insights

Electric Grill Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ 4.62 Billion
  • Market Size 2031
    US$ 7.63 Billion

Market Dynamics

  • NA
  • NA
  • NA

Key Players

  • Char-Broil LLC
  • ElectriChef
  • Cuisinart
  • Kenyon International, Inc.
  • De’ Longhi Appliances S.r.l.
  • Roller Grill International S.A.S
  • Taylor Commercial Foodservice, LLC
  • Groupe SEB
  • Weber-Stephen Products (HK) Ltd.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Indoor Grill and Outdoor Grill
  • Residential and Commercial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Electric Grill Market Drivers and Opportunities

Growing popularity of outdoor cooking to Favor Market

Various benefits offered by electric grills, such as faster heating, easy cleaning, hassle-free cooking experience, and convenience for outdoor application, lead to their adoption for outdoor cooking. It produces little smoke and compares to its gas and charcoal alternatives. Due to the growing popularity of outdoor cooking, market players are introducing solutions to cater to the demand for electric grills, which further fuels the electric grill market growth. For example, in February 2024, Current Backyard, a new brand backed by W. C. Bradley Co., announced the launch of its Current Model G Dual-Zone Electric Grill and Current Model G Electric Griddle. The new grill and griddle bridge the gap for consumers looking for an elevated outdoor electric grilling experience that combines smart home connectivity with superior cooking results, regardless of culinary skill level.

Artificial Intelligence in Electric Grill – An Opportunity in Electric Grill Market

Artificial Intelligence (AI) plays an important role in the electric grill market. The goal of artificial intelligence (AI) is to build devices or systems that are capable of reasoning, learning, and making decisions—tasks that would typically require human intelligence. Integration of AI with the electric grill helps grill meats to a user's preferences. An electric grill with an AI assistant helps the user to ask cooking questions and give orders according to how the user like the food to be seasoned. The addition of AI technology enhances the feature of the electric grill, which can lead to its adoption in residential and commercial applications. In addition, market players started to introduce electric grill products with AI technology to bring technologically advanced products. For example, in January 2024, Brisk It introduced the NeoSear Hybrid Grill and InnoGrill 2.0 at CES 2024, revolutionizing grilling with an advanced AI-powered grill system. The InnoGrill 2.0 is an artificial intelligence virtual assistant that accepts user queries and autonomously cooks as per user demands. The AI-powered grill system is considered to be "the industry’s first real-time" generative BBQ-focused cooking AI.

Electric Grill Market Report Segmentation Analysis

Key segments that contributed to the derivation of the electric grill market analysis are type and end-use.

  • Based on type, the electric grill market is bifurcated into indoor grill and outdoor grill. The indoor grill segment held a larger market share in 2023.
  • By end-use, the market is segmented into residential and commercial. The residential segment held the largest share of the market in 2023.

Electric Grill Market Share Analysis by Geography

The geographic scope of the electric grill market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

In terms of revenue, North America accounted for the largest electric grill market share. The US, Canada, and Mexico are among the key countries in North America. In North America, a widenumber of the audience is into fitness. Cooking grilled food requires very little oil and spices, which is considered a good food for fitness enthusiasts. Electric grill helps to cook faster with less oil which leads to its demand in North America. In addition, the region homes various electric grill manufacturers such as Cuisinart, Kenyon, Taylor Company, and others, which fuels the North America electric grill market share.

Electric Grill Market Report Scope

Report Attribute Details
Market size in 2023 US$ 4.62 Billion
Market Size by 2031 US$ 7.63 Billion
Global CAGR (2023 - 2031) 6.5%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Indoor Grill and Outdoor Grill
By End-use
  • Residential and Commercial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Char-Broil LLC
  • ElectriChef
  • Cuisinart
  • Kenyon International, Inc.
  • De’ Longhi Appliances S.r.l.
  • Roller Grill International S.A.S
  • Taylor Commercial Foodservice, LLC
  • Groupe SEB
  • Weber-Stephen Products (HK) Ltd.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Electric Grill Market News and Recent Developments

    The electric grill market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

    • In January 2023, Taylor Company, a premier manufacturer of commercial grills, soft serve, and frozen beverage equipment, introduced a new line of premium electric grills with game-changing technology. Taylor “Crown Series” grills help busy operations serve more consistent, higher-quality food. A patented self-adjusting lower cooking surface highlights the new grills. As the grill plates move, they ensure parallel gapping and full contact for any menu item up to 2" thick. It translates to faster cooking, exceptional repeatability, and, most importantly, a better-prepared end product. (Source: Taylor Company, Press Release, 2023)
    • In November 2023, Current Backyard, the world's first electric outdoor brand, announced its Current Model G Dual-Zone Electric Grill received recognition as a CES 2024 Innovation Awards Honoree in the Smart Home category from the Consumer Technology Association (CTA). Sponsored by the CTA, the CES Innovation Awards is an annual competition celebrating exceptional design and engineering achievements in consumer technology products. (Source: News, 2023)

    Electric Grill Market Report Coverage and Deliverables

    The “Electric Grill Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type , End-use , and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions

    What is the estimated market size for the global electric grill market in 2023?

    The global electric grill market was estimated to be US$ 4.62 billion in 2023 and is expected to grow at a CAGR of 6.5% during the forecast period 2023 - 2031.

    What are the driving factors impacting the global electric grill market?

    Growing environmental sustainability concerns and the growing popularity of cooking food outside are the major factors that propel the global electric grill market.

    What are the future trends of the global electric grill market?

    The adoption of advanced technology, such as machine learning (ML) and artificial intelligence (AI), is anticipated to play a significant role in the global electric grill market in the coming years.

    Which are the key players holding the major market share of the global electric grill market?

    The key players holding majority shares in the global electric grill market are Char‑Broil LLC, ElectriChef, Cuisinart, Kenyon, and Taylor Company.

    What will be the market size of the global electric grill market by 2031?

    The global electric grill market is expected to reach US$ 7.63 billion by 2031.

    What is the incremental growth of the global electric grill market during the forecast period?

    The incremental growth expected to be recorded for the global electric grill market during the forecast period is US$ 3.01 billion.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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