San Francisco 29 April 2019 The Report Smokehouse Market Size, Share & Trends Analysis Report By Type (Outdoor, Indoor),
By Product (Electric, Charcoal & Wood, Gas Grill), By Region (North America,
Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth.
Key market participants have been focusing
on innovation and new product development to manufacture environment-friendly
components using latest technologies. Most manufactures have been focusing on
electric grills to help reduce air pollution caused on account of burning
charcoal and wood.
North America was the dominant region
occupying over 35.0% of the revenue share in 2017. It is projected to account
for a major share of the market over the forecast period on account of
increasing popularity among young adults for cookouts.
Europe is expected to account for the
second largest market share in 2017. In addition, the demand for portable
products is expected to grow over the forecast period owing to increase in the
number of family outings and picnics.
The smokehouse market is characterized by
the presence of major companies as well as small- and medium-scale regional players.
Some of the major players in the market engage in strategic developments to
boost their sales and revenue by expanding their reach and providing customized
services to customers.
Key players operating in the industry are
The Weber-Stephen Products LLC, KitchenAid, Lynx Grills, and Viking Range
Corporation among various others.
Access Research Report of Smokehouse Market@ https://www.grandviewresearch.com/industry-analysis/smokehouse-market
Further key findings from the report suggest:
· Outdoor grills segment was valued at USD
76.3 million in 2017 and is expected to witness steady growth over the forecast
period, on account of the rising trend toward cookouts and outdoor parties
among the youth
· Electric grill segment is expected to
expand at a CAGR of 2.2% from 2018 to 2025. Electric grills are cheaper than
gas grills, can be used in both indoor and outdoor spaces, and are easy to
clean. In addition, since these grills just need to be plugged in to be used,
there are not many restrictions and regulations governing their safe use
· Europe was the second largest revenue
generating region with USD 34.0 million in 2017 on account of technological
advancements in manufacturing processes of the smokehouses coupled with the
development and introduction of innovative products.
· Some of the key strategies adopted by
industry participants include mergers and acquisitions and integrations across
the value chain to strengthen their product portfolios and global distribution
network
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has
segmented the global smokehouse market on the basis of type, product, and
region:
Smokehouse Type Outlook (Revenue, USD
Million, 2014 - 2025)
·
Indoor
·
Outdoor
Smokehouse Product Outlook (Revenue, USD
Million, 2014 - 2025)
·
Charcoal & Wood Grill
·
Electric Grill
·
Gas Grill
Smokehouse Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Smokehouse Market@ https://www.grandviewresearch.com/press-release/global-smokehouse-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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