Residential Cooking Grills Market: Current Analysis and Forecast (2022-2028)

The residential cooking grills market is expected to register a CAGR of approx. 4% over the period of 2022-2028. Cooking grills are a particular kind of kitchen appliance where the cooking surface consists of an open grate or rack with a heat source underneath; heat typically comes from the equipment's side, top, or bottom. Vegetables and meat are cooked more quickly when grilled because it typically uses a large amount of radiant, direct heat. There are many types of grills available, including electric, gas, and charcoal. The growing demand for residential cooking grills can be attributed to the rapidly urbanizing households and technological advancement thus, rising the adoption of organic growth strategies among key industry players across the globe. For instance, In April 2022, Napoleon Rogue EQ launched the first full-size electric grill with IoT technology. The product has temperature and grill controls with precision on a 7-inch LCD screen. Owing to these glaring statistics, changing lifestyles and growing urbanization is fueling the demand for residential cooking grills and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the residential cooking grills market is anticipated to grow on account of the increasing consumption of low-fat content grilled food. However, some of the restraints in the market, including the high prices of cooking grills are impeding the growth of this market all over the world.

Middleby Corporation, De'Longhi Appliances S.r.l, Hamilton Beach Brands Inc., Cuisinart, KitchenAid, West Bend, Morphy Richards, Haier Inc, Koninklijke Philips N.V, Panasonic Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst product, the electric cooking grills category accounted for the significant share in the market in 2020"

Based on the product, the residential cooking grills market is segmented into gas cooking grills, charcoal cooking grills, and electric cooking grills. The electric cooking grills segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. Consumers are seeking lightweight alternatives to various cooking appliances. Electric cooking grills are easier and more convenient to use as consistent addition of fuel, such as charcoal, wood, and gas, are not required. Electric barbeque grills use electricity to provide constant heat to the food.

"Amongst application, the outdoor cooking grills category is expected to witness considerable CAGR during the forecast period"

Based on the application, the market is bifurcated into outdoor cooking grills and indoor cooking grills. The outdoor cooking grills segment grabbed a considerable market share and is expected to grow at a significant CAGR during the forecast period. With the rise in technological advancements and modernization in developing countries, there is an increase in outdoor cooking grills.

"Amongst distribution channel, the online category is expected to witness considerable CAGR during the forecast period"

the market is fragmented into online and offline. The online segment grabbed a considerable market share and is expected to grow at a significant CAGR during the forecast period owing to the increasing ability to offer a more engaging retail experience, operating efficiency, and various discount offers.

"North America to witness significant growth during the forecast period"

North America constitutes a major market for the residential cooking grills industry owing to the increasing popularity of portable cooking grills and the emergence of solar-powered grills, the rising popularity of house parties, and rising innovations and product premiumization in this region.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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