The global barbeque grill market was valued at USD 4.78 billion in 2019. The market is projected to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing trend of cookouts on holidays and weekends, mainly among the youngsters.
Barbeque grills are made with stainless steel, porcelain enamel cast iron, and porcelain enamel steel. The lifespan of stainless steel is high and prices are lower than any other material. Warranty is provided by manufacturers of one to 10 years based on the type of grill. Some products are available with lifetime warranty.
The report on the global barbeque grill market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|Report Title||Barbeque Grill Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast|
|Segmentation||Products (Charcoal, Electric, and Gas), Applications (Commercial and Household)|
|Regional Scope||Asia Pacific, North America, Latin America, Europe, and Middle East & Africa|
|Report Coverage||Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast|
|Key Players Covered||Spectrum Brands, Inc., The Coleman Company Inc., The Middleby Corporation LLC., Traeger, Char-Broil LLC, Broilmaster, Kenmore, LANDMANN, Weber-Stephen Barbecue Products India Private Limited, and FIRE MAGIC|
The gas segment accounted for a large market share in 2019
Based on products, the global barbeque grill market is segregated as charcoal, electric, and gas. The gas segment produced a revenue of around USD 2.67 billion in 2019. Gas has the ability to quickly fire up, which fuels the demand of the product. This is the most popular type of backyard grill with the capability to run on gas or propane. Middle class population is anticipated to adopt premium gas products with features such as three to five burners, stainless steel body, and a side burner for heating pots and pans.
Electric products are estimated to expand at a substantial CAGR of 5.6% during the forecast period. Indoor convenience and utility, along with rising popularity of home cooking as a leisure activity is expected to propel the demand for the product. Manufacturers are focused on product enhancement to fulfill the rising demand.
The commercial application segment held a key market share revenue of USD 2.66 billion in 2019.
On the basis of applications, the global barbeque grill market is bifurcated into commercial and household. Increasing popularity of barbeque restaurants among customers from emerging countries is expected to drive the segment growth. Rise in hectic lifestyle and work pressure has led the working population to spend their holidays outdoors. Increase in activities such as camping and trekking is estimated to propel the market growth. These factors are projected to open new business opportunities for the key players in the market during the forecast period. The household segment is anticipated to expand at a rapid CAGR of 4.8% during the forecast period. Manufacturers provide advanced features to give a professional barbeque experience to the household users. Most consumers choose portable and small flat top products. Single burner movable products are used for home cooking as well as outdoor cooking. These factors are expected to fuel the segment growth during the forecast period.
North America held a major share of more than 55% of the total revenue in 2019
In terms of regions, the global barbeque grill market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a rapid pace during the forecast period. Consumers in the region prefer barbeque food on festive occasions and celebrations. It is a part of the lifestyle in countries such as Canada and the US. In North America, more than 50% consumers prefer barbeque grills for parties and 24% of consumers prefer it for camping. Key players are investing in product advancements to increase their income in this market.
The market in Asia Pacific is expected to expand at a substantial CAGR of 5.6% during the forecast period, due to rising consumption of street food along with large investment by key players in developing countries such as China and India.
Segments Covered in the Report:
The global barbeque grill market has been segmented on the basis of
Key players in the global barbeque grill market include Spectrum Brands, Inc., The Coleman Company Inc., The Middleby Corporation LLC., Traeger, Char-Broil LLC, Broilmaster, Kenmore, LANDMANN, Weber-Stephen Barbecue Products India Private Limited, and FIRE MAGIC. Manufacturers are focusing on product enhancement and new products to raise their share in the market. In 2018 Argos launched the world’s first vegan barbeque grill.
Some other reports from this category!