Market Size of Asia Pacific Household Electric Grills Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Household Electric Grills Market Analysis
The Asia Pacific Household Electric Grills Market has generated a revenue of USD 13 billion in the current year and is poised to achieve a CAGR of 5% for the forecast period. The Asia Pacific Household Electric Grills Market refers to the market for electric grills used for household purposes in the Asia Pacific region. Electric grills are cooking appliances that use electricity to generate heat and cook food. They are popular among households due to their convenience, ease of use, and ability to be used indoors without the need for charcoal or gas. The Asia Pacific Household Electric Grills Market has experienced steady growth in recent years. The region's large population, rapid urbanization, and changing consumer preferences have contributed to the expansion of the market
Asia Pacific is the fastest-growing region in the Household Electric grill market with increasing demand for consumers for homemade grilled food as COVID-19 restricted people to go outside which resulted in spending more time at home, on the other side, in 2020 pandemic halted the supply chain of components which is used in manufacturing Electric Grills, it recovered back in 2021 as lockdown laid off.
Residential Electric grills are growing at a significant rate, this is because people want to fulfill their hobbies and leisure and an increasing desire towards cooking at home pushing the market, due to its smoke-free nature and characteristics like portability, no cost for installation, and durability boosting the residential electric grill market.
The Asia Pacific Household Electric Grills Market is experiencing growth due to factors such as changing lifestyles, health consciousness, urbanization, technological advancements, and rising disposable incomes. While the market offers promising opportunities, manufacturers must navigate challenges such as competition, price sensitivity, regional preferences, and infrastructure considerations. Staying attuned to evolving consumer needs and preferences will be key to capturing market share and sustaining growth in this dynamic market.
Asia Pacific Household Electric Grills Industry Segmentation
Electric Grill is a cooking device that uses electrical heating elements instead of gas fires or charcoal as the heat medium, an electric grill provides quick and easy options for users to enjoy the taste of grilled food without a lot of mess. Asia Pacific Household Electric Grills Market is segmented By Product (Electric Griddles & Electric Smokers), By Type (Indoor Grills & Outdoor Grills), By Application (Residential & Commercial), By Distribution Channel (Hypermarket/ Supermarket, Electronic Store, Online Retailers, Direct Sales, and Other Sales Channels), and By Geography (China, Japan, India, South Korea, Australia and Rest of Asia Pacific). The report offers market size and forecasts for the Asia Pacific Household Electric Grills Market in value (USD billion) for all the above segments.
By Product | |
Electric Griddles | |
Electric Smokers |
By Type | |
Indoor Grills | |
Outdoor Grills |
By Application | |
Residential | |
Commercial |
By Country | |
China | |
Japan | |
India | |
Australia | |
South Korea | |
Rest of Asia Pacific |
Asia Pacific Household Electric Grills Market Size Summary
The Asia Pacific Household Electric Grills Market is experiencing robust growth, driven by factors such as urbanization, changing consumer preferences, and increasing health consciousness. Electric grills, favored for their convenience and indoor usability, have gained popularity as more consumers seek homemade grilled food options. The market's expansion is further supported by rising disposable incomes and technological advancements, which have led to innovative features like smokeless grilling and precise temperature controls. Despite challenges such as competition and price sensitivity, the market presents significant opportunities for manufacturers who can adapt to evolving consumer needs.
China and Japan are key contributors to the market's growth, with their large consumer bases and increasing demand for grilled food. The surge in e-commerce platforms in China has made electric grills more accessible, while Japan's compact urban living spaces have boosted the appeal of space-saving grilling solutions. The market is highly competitive, with major players like Char Broil, Electrichef, Weber Inc, Cuisinart, and Groupe SEB leading the charge. These companies focus on product innovation, quality, and customer service to maintain their market positions, while mid-size and smaller companies are expanding their presence through new contracts and market exploration.
Asia Pacific Household Electric Grills Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Convenience and Time-Saving
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1.2.2 Changing Food Culture and Western Influence
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1.3 Market Restraints
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1.3.1 Power Supply Issues
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1.3.2 Preference for Traditional Cooking Methods
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1.4 Value Chain Analysis
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1.5 Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Advancements in the Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Electric Griddles
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2.1.2 Electric Smokers
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2.2 By Type
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2.2.1 Indoor Grills
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2.2.2 Outdoor Grills
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2.3 By Application
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2.3.1 Residential
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2.3.2 Commercial
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2.4 By Country
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Australia
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2.4.5 South Korea
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2.4.6 Rest of Asia Pacific
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Asia Pacific Household Electric Grills Market Size FAQs
What is the current Asia Pacific Household Electric Grills Market size?
The Asia Pacific Household Electric Grills Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Household Electric Grills Market?
Char broil, Electrichef, Weber Inc, Cuisinart and Groupe SEB are the major companies operating in the Asia Pacific Household Electric Grills Market.