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I AgreeAnalysis of Barbeque Grill market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Expanding at a CAGR of 4.5%, the global barbeque grill market is projected to increase from a valuation of US$ 5.12 billion in 2022 to US$ 7.96 billion by the end of 2032.
Market expansion is anticipated to be fuelled by increasing recreational activities such as cookouts on weekends and holidays, particularly among the younger generation.
Report Attributes |
Details |
---|---|
Barbeque Grill Market Size (2022E) |
US$ 5.12 Billion |
Forecasted Market Value (2032F) |
US$ 7.96 Billion |
Global Market Growth Rate (2022-2032) |
4.5% CAGR |
North America Market Share (2022) |
27.6% |
Europe Market Share (2022) |
25.1% |
Market Share of Top 3 Countries |
40.7% |
Key Companies Profiled |
|
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Porcelain-enamelled steel, porcelain-enamelled cast iron, and stainless steel are the main materials used to make barbeque grills. Compared to other materials, stainless steel has a longer lifespan and costs less, which contributes to its immense popularity.
Depending on the type of material used for the grill, manufacturers offer a one to ten-year warranty. A majority of high-end devices come with a lifetime burner warranty.
In the near future, changing lifestyles and the use of high-end items for indoor and outdoor cooking will drive higher demand for barbeque grilling systems.
The global barbeque grill market is predicted to expand at a CAGR of 4.5% and reach a size of US$ 7.96 billion by 2032, as per detailed industry research by Fact.MR, a market research and competitive intelligence provider.
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“Rising Trend of Outdoor Cooking & Recreational Activities Driving Sales of Barbeque Grills”
Demand for barbeque grills with distinct shapes and colours is rising as customers' lifestyles are increasingly including barbecuing as an activity.
Leading producers of barbeque grills are now offering grills in vintage hues instead of just black or traditional stainless steel grills. Barbeque grills with eye-catching colours and distinctive designs are likely to attract more customers given that they are looking for more fun activities outdoors.
Barbeque grilling is seen as more than just a way of preparing food. Rising trend of outdoor cooking on the weekends and holidays is driving demand for barbeque grills.
Additionally, people's rising standards of living are also driving higher sales of several recreational products, including barbeque grills.
“Market Suffering Due to Rising Preference for Fast Food & High Product Cost”
High popularity of fast and easy food such as fries, burgers, and other such items is one reason denting the growth of the market for barbeque grills. Additionally, some barbeque grills are expensive and difficult to transport due to their enormous weight.
Besides, grilled food needs to be served right away because when it is reheated it doesn’t taste and feel as good.
As a result, product cost and easy availability of ready-to-eat fast food products are likely to hamper market expansion to some extent.
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“New Manufacturers Can Target Innovative Product Designs, Technological Advancements, & Low Product Cost”
Manufacturers in the barbeque grill industry are concentrating on offering technologically-advanced barbeque accessories in addition to attractive colours and designs of barbeque grills.
Market participants are introducing high-tech grilling and barbecuing equipment, such as electric smokers, digital thermometers, and advanced controllers, to acquire a competitive edge in the barbeque grill market.
Aspiring market players can target such innovations and product advancements to make a space for themselves in this market.
“North America to Remain Largest Market for Barbeque Grill Manufacturers”
In 2022, North America is expected to account for 27.6% of the global market share. In places such as the United States and Canada, a barbeque grill is a common household item. For a majority of festivities and events, consumers prefer barbequed meals.
To increase their revenue in this expanding industry, businesses are making investments in the development of new products.
“Asia Pacific – Fastest-growing Market for Barbeque Grills”
The Asia Pacific regional market is expected to expand at the highest CAGR between 2022 and 2032 due to rising street food consumption and significant investments made by major firms in emerging markets such as India and China.
Additionally, it is anticipated that in these nations, consumers will prefer barbeque products over hot dogs, burgers, and pizza in the years to come.
“Gas Barbeque Grills Affordable & Easy to Use for Outdoor Activities”
The gas segment is expected to account for the largest share of the barbeque grill market. According to utility suppliers, this is the most popular type of outdoor grill with the capacity to run on either natural gas or bottled gasoline.
Due to their ability to ignite quickly, gas barbeque grills are in high demand. It is anticipated that a growing percentage of the middle-class population will purchase high-end gas appliances with features such as stainless steel bodies, three to five burners, and the option of a side burner for cooking pans and pots.
The electric segment is also anticipated to expand at a steady CAGR from 2022 to 2032. It is projected that the growing trend of home cooking as a hobby and pastime will fuel segment expansion.
Additionally, it is projected that the indoor usefulness and convenience provided by these goods would fuel product demand. To meet this growing demand, manufacturers are concentrating on product innovation.
Due to the existence of numerous international and regional companies, the market for barbeque grills is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development.
A non-stick grill plate is included with these cutting-edge goods, and it can be hand- or dishwasher-washed. Additionally, they eliminate the need to acquire gas bottles, clean grease, and light charcoal.
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The global barbeque grill market is estimated to expand at 4.5% CAGR through 2032.
Gas barbeque grills are popular due to their affordable price range.
The global barbeque grill market is currently valued at US$ 5.12 billion.
At present, North America accounts for 27.6% market share.