Magnetic Grill Market Size & Share, by Product Type (Round Grill, Rectangular Grill, Square Grill, Drawer Type Grill, Two Drawer Type Grill With Round Flanges, Self-Cleaning Magnetic Grill); Intensity (Low-Intensity Magnetic Grill, Medium Intensity Magnetic Grill, High-Intensity Magnetic Grill, Super High-Intensity Magnetic Grill); End-Use (Chemical, Pharmaceutical, Mineral, Food, Plastic, Steel & Heavy Industry) -Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5463
  • Published Date: Dec 18, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Magnetic Grill Market size is expected to surpass USD 5 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of magnetic grill was over USD 2 Billion. The growth of the market is due to the growth of e-commerce and online sales platforms, manufacturers now have more ways to connect with consumers. In 2023, online shopping is predicted to account for 20.8% of retail sales. By 2026, it's anticipated that 24% of retail transactions will happen online.

In addition, tight laws governing the quality and safety of products, particularly in the food sector, are driving up magnetic grill market expansion. Magnetic grills aid in maintaining the overall quality of the finished product and preventing product contamination and equipment failure. The Food and Drug Administration (FDA) in the United States and the European Food Safety Authority (EFSA) in Europe oversee regulations pertaining to the food business. Strict guidelines and regulations have been established by these authorities regarding the manufacturing of food products in the food business as well as the equipment utilized in the facilities.


Magnetic Grill Market
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Magnetic Grill Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 7%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional sScope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Magnetic Grill Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • A Greater Emphasis on Sustainability- Interest in magnetic grills, which use less energy than conventional grilling techniques, has developed as a result of the growing emphasis on sustainability and minimizing the environmental impact of cooking. Approximately 2.7 billion people worldwide use polluting fuels for cooking, including coal, wood, crop residue, animal dung, charcoal, and kerosene. Cooking with polluting fuels in the home is known to contribute significantly to household air pollution, which raises the risk of disease. Due to this, the market for magnetic grills has grown as a result of increased demand. The development of eco-friendly and energy-efficient magnetic grills has the potential to increase in tandem with rising environmental consciousness and consumer demand for sustainable products. Sustainable products saw a 2.7x greater rate of growth than non-sustainable ones. Seventy-eight percent of consumers think sustainability matters. Furthermore, according to 84% of consumers, a company's or brand's unsatisfactory environmental policies will drive them away.
  • Growing Need for Economical and Efficient Heating Solutions- One of the main factors propelling the magnetic grill market is the need for economical and effective heating solutions. Due to their utilization of magnetic fields to produce heat and cook food, magnetic grills are an effective and affordable substitute for conventional grilling techniques. When compared to conventional grilling techniques, this technology uses less energy, which lowers energy expenses and appeals to consumers.
  • Increasing Acceptance of Grilling as a Cooking Technique- The popularity of grilling as a cooking technique has grown due to the popularity of outdoor cooking and the demand for tasty, nutritious, and simple meals. Due to this, there is an increasing need for grilling accessories, such as magnetic grills, which has fuelled the market for magnetic grills. According to 70% of Americans, grilling is their go-to summertime cooking technique. Over 79% of adult Americans possess a smoker or grill.

Challenges

  • High Cost of Implementation- The costly initial equipment and maintenance costs could be a hindrance to magnetic grill market expansion. Adoption of magnetic grills might occasionally be hampered by their cost, particularly for small and medium-sized enterprises. Some businesses may be discouraged from using magnetic grill systems due to the initial investment and continuing maintenance costs, especially if they have a limited budget or are considering other, more economical options.
  • Alternative separation technologies could pose a threat to the market's expansion.
  • The market may be hampered by difficulties in maintaining and cleaning magnetic grills.


Magnetic Grill Segmentation

End-Use (Chemical Industry, Pharmaceutical Industry, Mineral Industry, Food Industry, Plastic Industry, Steel & Heavy Industry)

The food industry segment is expected to hold 30% share of the global magnetic grill market during the forecast period. Commercial kitchens and restaurants frequently use magnetic grills for large-scale food preparation and service. Compared to conventional grilling techniques, they have numerous benefits, such as quicker cooking periods, more accurate temperature control, and simpler maintenance. The food sector is adopting magnetic grills because they make it possible to prepare healthier and more flavourful dishes, which is a response to the increased demand for high-quality and healthful food. 93% of Americans desire a healthy diet, and 63% of consumers claim to try to eat well most of the time. Even still, 93% of Americans say they would like to eat a healthy diet. The need for small, portable magnetic grills that can be used outside is rising along with the popularity of cooking and entertaining outside. Because of this, it is anticipated that the food industry will continue to use magnetic grills in the years to come.

Product Type (Round Grill, Rectangular Grill, Square Grill, Drawer Type Grill, Two Drawer Type Grill with Round Flanges, Self-Cleaning Magnetic Grill)

Magnetic grill market from the drawer-type grill is anticipated to hold the largest revenue share of about 28% during the forecast period. The growth of the segment is due to the technological developments in magnetic separation that have resulted in the creation of automated and more efficient drawer magnetic grills, improving their dependability and performance. Furthermore, as drawer magnetic grills encourage recycling and waste reduction, it is expected that their use will increase in response to environmental legislation and the growing emphasis on sustainable practices.

Our in-depth analysis of the global magnetic grill market includes the following segments:

          Product Type

  • Round Grill
  • Rectangular Grill
  • Square Grill
  • Drawer Type Grill
  • Two Drawer Type Grill with Round Flanges
  • Self-Cleaning Magnetic Grill

          Intensity

  •  Low-Intensity Magnetic Grill
  • Medium Intensity Magnetic Grill
  • High-Intensity Magnetic Grill
  • Super High-Intensity Magnetic Grill

          End-Use Industry

  • Chemical Industry
  • Pharmaceutical Industry
  • Mineral Industry
  • Food Industry
  • Plastic Industry
  • Steel & Heavy Industry

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Magnetic Grill Industry - Regional Synopsis

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.

Research Nester
Magnetic Grill Market Size
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Companies Dominating the Magnetic Grill Market

top-features-companies
    • Permanent Magnets Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • MAGNET-SCHULTZ GmbH & Co. KG
    • Magnetic Solutions Pvt. Ltd. (MSPL)
    • Novanative Plastix Solutions
    • Jaykrishna Magnetics Pvt. Ltd.
    • Excel Magnetics
    • Weber-Stephen Products LLC
    • Kenyon International, Inc.
    • Traeger Grills
    • American Outdoor Brands, Inc.
    • Grill Co., Ltd.
    • Gunosy Co., Ltd.

In-the-news

In The News

  • Weber-Stephan, the US manufacturer of electric, charcoal, and gas barbeques, started producing outdoor grills in Zabrze, Upper Silesia (Poland). With this company aims to gain significant logistical and time advantages from its European hub and cover the bulk of European demand from this plant in the medium term
  • Kenyon International, Inc., a specialty electric grill and cooktop manufacturer, announced the launch of its newest product, the G2 Grill which uses the same sleek engineering while offering 35 percent more cooking surface than Kenyon International, Inc.’s other portable counterparts

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5463
  • Published Date: Dec 18, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of e-commerce, stringent law and emphasis on sustainability are the major factors driving the growth of the magnetic grill market.

The market size of magnetic grill is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are MAGNET-SCHULTZ GmbH & Co. KG, Magnetic Solutions Pvt. Ltd. (MSPL), Novanative Plastix Solutions, Jaykrishna Magnetics Pvt. Ltd., Excel Magnetics, Weber-Stephen Products LLC, Kenyon International, Inc., Traeger Grills, American Outdoor Brands, Inc., and others.

The food industry segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Magnetic Grill Market Report Scope
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