The global barbeque grill market size is expected to reach USD 6.50 billion by
2025, according to a new report by Grand View Research, Inc. It is projected to
register a CAGR of 4.5% during the forecast period. Rising popularity of
grilled food along with changing lifestyle and eating habits in emerging
economies including China and India is expected to drive the market. Rising
trend of having cookouts and grilled food on weekends and holidays, especially
among young, middle-class, working population is anticipated to bode well for
the product demand.
Electric barbeque grill segment is expected
to witness a CAGR of 5.6% from 2019 to 2025. Rising awareness regarding
conservation of conventional energy is driving the product demand. Product
features such as automatic temperature adjustment and less smoke promote
hassle-free cooking and are anticipated to drive the product demand during the
next eight years.
Commercial application is expected to
remain the leading segment over the forecast period. It accounted for more than
50% of the global market share in terms of revenue in 2018. A large number of
restaurants, clubs, and outdoor camping service providers provide barbeque
products. Increasing popularity of dining-out among middle-income groups from
developing economies including China, India, Brazil, and Mexico is expected to
promote the demand for barbeque grills in hotels and restaurants in near
future.
North America generated the highest revenue
of USD 2.8 billion in 2018. A large number of people own barbeque grills due to
their passion for cooking and entertaining friends and families. Rising
spending on barbeque products as a part of lifestyle in U.S. and Canada is
expected to boost the product demand in near future.
Some of the key players operating in the
barbeque grill market are The Coleman Company Inc.; Spectrum Brands, Inc.; The
Middleby Corporation LLC.; Char-Broil LLC; Kenmore; Traeger; LANDMANN;
Broilmaster; FIRE MAGIC; and Weber-Stephen Barbecue Products India Private
Limited. Companies are investing in emerging markets including India and China
to increase their revenue share. For instance, in March 2018, U.S. based
barbeque grill manufacturer, Weber launched a gas grill Genesis II and an
electric grill Q1400.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market
https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market
Further key findings from the report suggest:
· Gas products generated a revenue of USD
2.67 billion in 2018
· Household application is expected to expand
at a CAGR of 4.8% from 2019 to 2025
· Asia Pacific is expected to be the fastest
growing region in the barbeque grill market with a CAGR of 5.6% from 2019 to
2025
Grand View Research has segmented the
global barbeque grill market on the basis of product, application, and region:
Barbeque Grill Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Gas
·
Charcoal
·
Electric
Barbeque Grill Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Household
·
Commercial
Barbeque Grill Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
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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