Residential Electric Grill Market is poised to grow at a positive CAGR of over 7% during the forecast period

The residential electric grill market is estimated to be valued at more than US$ 900 million, and is poised to grow at a positive CAGR of over 7% during the forecast period. Indoor use without smoking issues typically associated with conventional charcoal grills are giving a boost to the electric grill market. With a booming electronic equipment industry, the demand for residential electric grill is anticipated to showcase a bullish run. Based on the consumer trend for a pleasant, in-home grilling experience, leading companies are concentrate on integrating new features in electrical grills that allow end-users to quickly and easily cook grilled items.

Fact.MR, in its new offering, provides an unbiased analysis of the global market for residential electric grill, with historical data on demand (2013-2018) and expected projections for the period 2019-2027. The report discloses compelling insights into the demand for residential electric grill based of product (built-in electric grill, portable electric grill, others (smokeless, free standing, roll around)), power rating (<1,560 watts, <1,800 watts, >1,800 watts), cooking area (under 200 sq. inches, 200-400 sq. inches), price range (<$ 100, $100 – $250, $251 – $300, $301 – $350, $351 – $400, $401 – $450, $451 – $500, > $500), application (indoor, outdoor), distribution channel (home improvement stores, supermarkets/ hypermarkets, kitchenware stores, departmental stores, online retail (company website, third party online), other retail (electric shops)), across several major regions.

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Residential Electric Grill Market – Scope of Report:

A latest publication by Fact.MR on the global Residential Electric Grill market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.

Important indicators for the successful growth of the Residential Electric Grill market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Residential Electric Grill supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Residential Electric Grill, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders

A positive flow of investments from pharmaceutical giants is likely to propel the development of Residential Electric Grilland compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.

Market leaders in Residential Electric Grillsuch as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Residential Electric Grillthrough novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.

Report benefits & key questions answered

  • Post covid consumer spending on Residential Electric Grill: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
  • Residential Electric Grill demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for Residential Electric Grill will grow through 2029.
  • Residential Electric Grill historical volume analysis:mr survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
  • Residential Electric Grill consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

 

Residential Electric Grill Market Segmentations:

Product
  • Built-in Electric Grill
  • Portable Electric Grill
  • Others (Smokeless, Free Standing, Roll Around)
Power Rating
  • <1,560 Watts
  • <1,800 Watts
  • >1,800 Watts
Cooking Area
  • Under 200 Sq. Inches
  • 200-400 Sq. Inches
Price Range
  • <$ 100
  • $100 – $250
  • $251 – $300
  • $301 – $350
  • $351 – $400
  • $401 – $450
  • $451 – $500
  • > $500
Application
  • Indoor
  • Outdoor
Distribution Channel
  • Home Improvement Stores
  • Supermarkets/ Hypermarkets
  • Kitchenware Stores
  • Departmental Stores
  • Online Retail
  • Company Website
  • Third Party Online
  • Other Retail (Electric Shops)
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

 

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