DUBLIN--(BUSINESS WIRE)--The "Global Residential Cooking Grills Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
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.
According to the 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. Wi-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 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.
- Groupe SEB
- Koninklijke Philips
- Robert Bosch
- Weber-Stephen Products
- Whirlpool Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Application
Part 09: Market Segmentation by Product
Part 10: Customer Landscape
Part 11: Market Segmentation by Distribution Channel
Part 12: Regional Landscape
Part 13: Decision Framework
Part 14: Drivers and Challenges
Part 15: Market Trends
Part 16: Vendor Landscape
Part 17: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/9z4rzx/global?w=4