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.
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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
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Market Trends, Drivers, Restraints, and Opportunities:
Changing lifestyles along with adoption of quality products for outdoor and home cooking is expected to drive the market in the forecast period. Manufacturers provide barbeque grills with heavy duty grates, portable gas grills, LED light control, fuel valves, and fuel gauges. This, in turn, drives the market. Less volume of cooking and high cost of maintenance is expected to hinder the growth of the market. Rising demand from restaurants, households, and food joints and increasing number of barbeque grill manufacturers are driving the market growth.
Scope of the Report:
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.
Market Segment Insights:
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.
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.
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.
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TheBusinessResearchCompany published its Barbecues And Grills Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global barbecues and grills market.
The report covers the barbecues and grills market’s segments- built-in grills, freestanding grills, portable grills, household, and commercial.Explore Complete Report https://www.thebusinessresearchcompany.com/report/barbecues-and-grills-global-market-reportBarbecues And Grills Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2631=smpManufacturers of barbeques and grills are focusing on adding new technological features to cater to the changing needs of the customers.
Some of these features include touch screen controls, automatic fuel measurement, automatic heat controls and voice recognition.
The global Barbeque Grill Market size is expected to register a revenue of USD 6.50 Billion from 2019 to 2025, according to a new report by Million Insights.
It is expected to grow with a 4.5% CAGR in upcoming years.
Rising preference for outdoor cookouts on holidays and weekends amongst millennial coupled with rising willingness among the working population to spend on such premium products for indoor and outdoor cooking is expected to fuel the market demand.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-barbeque-grill-market/request-sample Market Synopsis of Barbeque Grill Market: The product segment of electric grills is anticipated to register the fastest CAGR of 5.6% from 2019 to 2025.This can be attributed to convenience offered by these products for preparation of grilled food items.
The gas product segment held the largest market share across the global BBQ grill market.
Moreover, activities like trekking and camping are also expected to boost the demand for such grills.The household segment is anticipated to witness a CAGR of 4.8% during the forecasted period, 2019 to 2025.
