The Report Barbeque Grill Market Size, Share & Trends Analysis Report By Product (Gas, Charcoal, Electric), By Application (Household, Commercial), By Region, And Segment Forecasts, 2019 – 2025
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.
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
- US.
- Canada
- Europe
- UK.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- 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.
No comments:
Post a Comment