The analysts forecast global residential cooking grills market to grow at a CAGR of 6.62% during the period 2018-2022. The latest trend gaining momentum in the market is growing online sales.
The advent of online retail has positively impacted the demand for cooking grills.
As of 2017, the global business-to-consumer e-commerce industry was valued at $2.27 trillion. The industry is likely to grow significantly during the forecast period.
Due to the increased penetration of smart gadgets, the industry is expected to witness high growth potential in future.
Major key players in the global residential cooking grills market: Groupe SEB, Koninklijke Philips, Robert Bosch, Weber-Stephen Products, and Whirlpool Corporation.
According to the residential cooking grills market report, one of the major drivers for this market is Innovations and portfolio extensions leading to product premiumization. The integration of technology with cooking appliances has resulted in innovative cooking appliances that save the time and energy of customers.
Smart cooking grills, cooktops, and others are in high demand across the globe. W i-Fi and Bluetooth enabled cooking appliances (such as cooking grills) are launched in the market, of late.
Such cooking appliances facilitate remote and instant monitoring of multiple cooking activities. However, such advanced cooking appliances are associated with high prices owing to their increased functionality.
Further, the residential cooking grills market report states that one of the major factors hindering the growth of this market is High competition from alternative cooking appliances. The use of alternative cooking appliances poses a major challenge to the growth of the global residential cooking grills market.
Alternative cooking appliances include grill pans and grill microwave ovens. Increased price sensitivity of customers influences the demand for such alternative cooking appliances.
The rising number of apartment dwellers, too, is a key reason for the shift toward alternative cooking appliances.
Key questions answered in this residential cooking grills market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1299375.
Few Points from List of Exhibits:
Exhibit 1: Parent Market Global Residential Cooking Appliances Market
Exhibit 2: Global Residential Cooking Appliances Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Global Residential Cooking Grills Market Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Residential Cooking Grills Market Market Size and Forecast 2017-2022 ($ Billions)
Exhibit 9: Global Residential Cooking Grills Market Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Global Residential Cooking Grills Market by Application Market Share 2017-2022 (% Share of Revenue)
Exhibit 19: Comparison by Application
Exhibit 20: Vendors Offering Outdoor Cooking Grills