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Report
Asia Pacific Household Electric Grills - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029
Market Report I 2024-02-17 I 145 Pages I Mordor Intelligence
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 Market Trends
China and Japan are Major Contributors Driving the Electric Grill Market in Asia Pacific
China has a large and rapidly growing consumer market, which has been a significant factor in driving the electric grill market. The increasing disposable income, urbanization, and changing lifestyles have contributed to the demand for electric grills in the country. Demand for Electric grills growing immensely in regions China and Japan, as these countries witnessing a high consumption of street food and rising investments in grilled products by various companies. Grilled food is popular in China on street and night markets while in Japan it is famous for veggies and seafood. China has witnessed a significant surge in e-commerce platforms, making it easier for consumers to access a wide range of electric grill products. Online retail platforms provide convenience, variety, and competitive pricing, thereby fueling the growth of the market. In urban areas of Japan, where living spaces are often compact, electric grills offer a convenient and space-saving alternative to traditional charcoal or gas grills. Electric grills can be used indoors without producing smoke, making them suitable for apartment dwellers. Japan is known for its technological innovation, and this extends to the electric grill market. Japanese manufacturers have introduced advanced features and designs, such as precise temperature control, smokeless grilling, and compact form factors, enhancing the appeal of electric grills.
Rising Household Consumption Expenditure on Food Creating Demand for Electric Grills Market
As economies in the Asia Pacific region grow, there is an associated increase in household income and disposable income. This rise in income leads to changes in food consumption patterns, with consumers opting for more varied and premium food options. This includes increased demand for grilled food, such as grilled meats, vegetables, and seafood, which can be conveniently prepared using electric grills. Health consciousness and a focus on homemade meals have become important considerations for many consumers in the Asia Pacific region. Electric grills provide a healthier cooking option compared to traditional grilling methods like charcoal or gas grills. They offer features like fat drainage systems, non-stick surfaces, and adjustable temperature controls that allow for healthier grilling with reduced oil and fat content. In fast-paced urban environments, consumers often seek convenient and time-saving cooking methods. Electric grills provide an efficient solution, as they heat up quickly and are easy to use. They eliminate the need for outdoor setups, charcoal preparation, or dealing with gas cylinders, making them a convenient choice for those living in apartments or urban areas with limited space.
Asia Pacific Household Electric Grills Industry Overview
The Asia Pacific Household Electric Grills market is highly competitive and characterized by the presence of several key players. These companies compete based on factors such as product innovation, quality, price, brand reputation, distribution network, and customer service. The report covers major international players operating in the Asia Pacific Household Electric Grills market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. It has major players including Char Broil, Electrichef, Weber Inc, Cuisinart, and Groupe SEB.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Convenience and Time-Saving
4.2.2 Changing Food Culture and Western Influence
4.3 Market Restraints
4.3.1 Power Supply Issues
4.3.2 Preference for Traditional Cooking Methods
4.4 Value Chain Analysis
4.5 Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Electric Griddles
5.1.2 Electric Smokers
5.2 By Type
5.2.1 Indoor Grills
5.2.2 Outdoor Grills
5.3 By Application
5.3.1 Residential
5.3.2 Commercial
5.4 By Country
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 Australia
5.4.5 South Korea
5.4.6 Rest of Asia Pacific
6 COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Char broil
6.2.2 Electrichef
6.2.3 Weber Inc
6.2.4 Cuisinart
6.2.5 Philips
6.2.6 Roller Grill International
6.2.7 Groupe SEB
6.2.8 FIRE MAGIC
6.2.9 DeLonghi
6.2.10 Taylor company
6.2.11 Breville
6.2.12 Moffat*
7 MARKET OPPORTUNTIES AND FUTURE TRENDS
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