Electric Grill Market Estimated at $2,117M

The global electric grill market is estimated at $2,117 million in 2022 and is forecast to surpass $4,283 million by 2032, growing at a compound annual growth rate of 7.3 percent during 2022-2032, according to Fact.MR.

The market contributed by providing around 1 percent of the total revenue generated by global cooking appliances market in 2021. The market is estimated to provide an opportunity of $2,167 million during the assessment period of 2022-2032.

Electric grills are expected to see increased demand in the near future in view of their versatility for indoor use and energy-efficient attributes, which could have a huge effect on the future growth of residential electric grill industry.

In the forecast timeframe, millennials will become the largest residential electric grill utilizers globally. However, the millennial population covers a majority of the share in developed regions, such as North America and Europe.

Consumers are searching for lightweight alternatives in items of all sorts, and cooking appliances are no exception. Such factors are expected to give impetus growth to this market over the forecast period.

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