The outdoor kitchen appliance market is poised to gain significant growth through 2030 owing to increasing awareness about food safety and hygiene regulations. In addition, technological advancements in kitchen appliances and rising demand for home appliances through online sales channels are expected to further drive market growth over the forecast timeline.
Recently, major players in the industry have been investing in product innovation to improve their business standing, thereby bolstering outdoor kitchen appliance market expansion. For instance, in October 2021, Weber Inc., a key outdoor cooking products provider, opened its first manufacturing and distribution hub in Europe, which was the company's first manufacturing unit outside the U.S. This new BREEAM-certified plant is situated in Poland and was designed to help the company meet the growing product demand in the region.
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In another instance, in July 2022, the Middleby Corporation, a global leader in the food service industry, announced its plans to acquire Colussi Ermes, a prominent firm in the food processing industry. Middleby stated that Colussi's washing solutions are highly valuable for its existing food processing solutions as they can decrease energy and water usage, minimize chemical usage, and reduce labor needs. With this acquisition, Middleby expected better opportunities for collaborations with brands and delivering best-in-class solutions to its customers.
Furthermore, major companies offering outdoor kitchen appliances are adhering to new sustainable standards to deal with the rising concern for eco-friendly and energy-efficient products. To cite an instance, in May 2022, Broan-NuTone was given the Sustained Excellence Award owing to its continuing efforts to develop a broad range of energy-efficient, high-quality consumer products that focus on improving indoor air quality.
The outdoor kitchen appliance market is bifurcated in terms of type, sales channel, and region.
On the basis of type, the market is divided into range hood, sinks, grills, refrigerators, faucets, and others. Among these, the sinks segment is projected to grow at a CAGR of approximately 5% in the upcoming time period backed by their durability in outdoor settings.
The valuation of the faucets segment is speculated to reach more than $500 million by 2030. The others segment is also poised to grow significantly through the forecast period. Among other types of outdoor kitchen appliances, outdoor ovens are seeing a steady growth in demand as they support slow cooking and baking while maintaining the nutritional value of food items.
In the regional context, the outdoor kitchen appliance market in Latin America is primed to exceed $750 million in revenue by 2030 driven by increasing economic stability and consumer spending on kitchen appliances and outdoor activities in the LATAM region.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definition
1.2 Methodology and forecast parameters
1.3 Region-wise COVID-19 impact analysis:
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
1.5 Industry Glossary
Chapter 2 Executive Summary
2.1 Outdoor kitchen appliances industry 3600 synopsis, 2018 - 2030
2.2 Business trends
2.3 Regional trends
2.4 Sales channel trends
2.5 Type trends
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