According to a report published by Spherical Insights & Consulting, the global outdoor kitchen appliances market was valued at USD 6.3 billion in 2021 and is projected to reach USD 10.12 billion by 2030. Key Vendors in the Outdoor Kitchen Appliances Market: Weber-Stephen Products LLC, The Middleby Corporation, Napoleon, The Coleman Company Inc, NexGrill Industries, Inc., Weber-Stephen Products LLC, The Middleby Corporation LLC, Traeger Pellet Grills, LLC, and Char-Broil LLC are some of the prominent companies in the market, along with more than 20 other prominent key players.
13 January 2023, New York City, United States (GLOBE NEWSWIRE) — During the forecast period, the market size for outdoor kitchen appliances will increase from USD 6.3 billion in 2021 to USD 10.12 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 8.3%. The majority of the market’s expansion can be attributed to changes in consumer preferences, social media fads, an increase in disposable income, and a worldwide preference for outdoor living spaces.
Global Economy: Rising Recession Risk Analysis and Russia-Ukraine Conflict War Impact have been added to the premium report’s conclusion.
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People whose busy schedules prevent them from cooking at home have embraced backyard camping as a popular pastime. As a result of customer demand, more people are purchasing outdoor grills for weekend activities, increasing barbecue grill sales. One of the key factors driving the growth of the global outdoor kitchen cabinet market is the expanding influence of various retailing channels. The increasing popularity of both online and offline retailing channels has a substantial impact on the expansion of the global outdoor kitchen cabinet market. In addition to traditional storefronts, manufacturer-branded stores, discount stores, rental stores, warehouse clubs, and designer stores fall under the category of offline retailers. Due to the increasing industrialization of the world, these organized stores have grown in size and become one of the world’s leading suppliers and distributors of outdoor kitchen cabinets.
Internet usage is increasing globally, which has boosted the influence of e-commerce and online shopping. Numerous significant companies have either launched or are in the process of launching their new furniture-focused e-commerce websites. To pursue additional alternative retailing channels, leading companies in the global outdoor kitchen cabinets market have prioritized selling their products via a variety of channels, including mobile apps. In industrialized nations, designing and constructing a kitchen increases a home’s value, which has accelerated industry growth in recent years. In addition, it is anticipated that the increasing expenditures of millennials and baby boomers on outdoor entertainment venues will stimulate corporate expansion. According to Rymer Strategies Company, 68% of millennials and 78% of baby boomers are allegedly willing to spend over $5,000 more for a beautiful outdoor living space. The expansion of hotels and restaurants worldwide, the growth of household sizes in many nations, and the increase in disposable income of consumers all contribute to the expansion of the market.
Explore 55 tables of market data and 57 figures spread across 175 pages and in-depth TOC on “Global Outdoor Kitchen Appliances Market Size, Share, and COVID-19 Impact Analysis, Outdoor Kitchen Appliances Market Size By Product (Cooking Fixtures, Refrigeration Units), By Application (Residential, Commercial), By Distribution Channel, by Region (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa), Analysis and Forecast 2021 – 2030”
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Over the forecast period, the refrigeration unit market will expand rapidly
The global market for outdoor kitchen appliances is segmented by product into Cooking Fixtures and Refrigeration Units. The refrigeration units market segment is expected to grow at the highest rate during the forecast period. The increasing use of outdoor refrigeration units to store food and alcoholic and non-alcoholic beverages is anticipated to accelerate the market’s expansion. In addition, while outdoor-rated products can function in temperatures ranging from 40 to 100 degrees, outdoor refrigeration systems perform optimally in temperatures between 60 and 80 degrees. In addition, it is anticipated that during the projection period, rising expenditures on outdoor kitchen appliances will fuel industry growth.
During the forecast period, the Commercial Segment is expected to grow significantly
The outdoor kitchen appliances market is segmented by application into residential and commercial. Among these, the commercial sector is experiencing the most rapid market expansion. The global expansion of hotels, resorts, and restaurants is responsible for the segment’s growth. In addition, the increasing demand for takeout food due to busy work schedules is driving the market. In response to consumers’ increasing demand for outdoor living spaces, hotels, bars, and restaurants are constructing commercial barbecue areas and outdoor bars, thereby driving the market growth.
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An online segment to anticipate a faster market expansion
The global outdoor kitchen appliances market is segmented into offline and online distribution channels. Among these, the online segment is expected to experience the most rapid market expansion over the forecast period. The increasing global adoption of mobile, internet and e-commerce platforms explains this phenomenon. Increasing customer demand for cooking appliances such as gas grills, pizza ovens, smokers, and specialty grills via online sales channels is also a significant growth factor. The expansion of the market is likely to be stimulated by e-commerce services that prioritize the customer’s needs and provide efficient delivery. In addition, the Internet channel segment responds effectively to client inquiries, which increases buyer satisfaction and accelerates the market growth.
The Asia-Pacific region will experience a more rapid increase in market size over the forecast period
The Asia-Pacific region is expected to experience the fastest market growth. People are becoming increasingly attracted to outdoor living spaces, which is driving market growth in this region due to factors such as rising purchasing power and living standards. Additionally, an increase in social gatherings such as house parties and family reunions can be attributed to the rise in expenditures on home improvement. In addition, the rising demand for cutting-edge and modern kitchens in Asia-Pacific is anticipated to accelerate industry expansion.
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Weber-Stephen Products LLC, The Middleby Corporation, Napoleon, The Coleman Company Inc, NexGrill Industries, Inc., Weber-Stephen Products LLC, and The Middleby Corporation LLC, Traeger Pellet Grills, LLC, and Char-Broil LLC are among the market’s leading companies.
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