North American Market Forecast
The magnetic grill market in the North America region is expected to hold the largest revenue share of about 32% by the end of 2036. The market in North America is expanding significantly due to the growing popularity of outdoor cooking and the increasing acceptance of smart grilling technology. Because there are many manufacturers and distributors in the region, North America is expected to maintain its position as the leader in the market during the forecast period. According to a yearly national survey, 7% of Americans say they cook outside for more than 10 hours a week during the "grilling season." As a result, nearly half (49%) of all study participants report grilling or smoking food year-round, with 37% mentioning they do so in subfreezing weather.
APAC Market Statistics
The magnetic grill market in the Asia Pacific region is projected to hold the second-largest share of about 27% during the forecast period. The market for magnetic grills is anticipated to develop significantly in the Asia Pacific and to maintain its leadership throughout the projected period as a result of rising end-use industry demand and consumption. The market in China is expected to expand at a significant rate on a national basis.
Author Credits: Richa Gupta
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