Global Barbecues And Grills Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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How Much Growth is Expected for the Barbecues And Grills Market from 2024 to 2033?
The market for barbecues and grills has seen a fast-paced expansion in the recent past. The market size is projected to escalate from $25.42 billion in 2023 to $29.61 billion in 2024, reflecting a compound annual growth rate (CAGR) of 16.5%. The significant growth witnessed in previous years can be linked to robust economic development in emerging markets, an increase in consumer engagement in outdoor activities, a heightening consumer preference for grilled fare, and a growing trend of cookouts.
It is anticipated that the market size for barbecues and grills will witness a significant surge in the coming years, with projections pointing to a value of $49.97 billion by 2028. This increase corresponds to a compound annual growth rate (CAGR) of 14.0%. The ascendancy during the forecast period can be correlated with enhanced government backing, augmented cooking undertakings, and an escalating consumer fondness for barbecues. Key trends for this period involve the emphasis on groundbreaking electric grills, advancements in technology, highlights on the new progression in outdoor grilling, concentration on product rollouts, and the spotlight on internet-enabled grills.
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What Factors Are Encouraging Growth in the barbecues and grills Market?
The surging enthusiasm for outdoor events, encampments, and caravanning is propelling the expansion of the barbeques and grills industry. As the preference for outdoor amusement activities swells, so does the market demand for barbeques and grills. Barbeque grills are the cooking method of choice for campers and holidaymakers over traditional stoves. A survey facilitated by the Hearth, Patio & Barbecue Association (HPBA) highlighted that 24% of respondents chose grilling while camping and 21% at holiday home celebrations.
Which Segments Play a Vital Role in the Barbecues And Grills Market?
1) By Product: Built-In Grills, Freestanding Grills, Portable Grills
2) By Fuel Type: Gas, Charcoal, Electric
3) By Application: Household, Commercial
What Trends Are Driving Change in the Barbecues And Grills Market?
Barbeque and grill manufacturers are adapting to the evolving needs of consumers by integrating high-tech features. These advancements encompass touchscreen functionalities, automated fuel gauging, auto heat regulations, and voice-command recognition. As an illustration, in April 2022, Napoleon, a Canadian entity in the barbeque and grill sector, launched the Napoleon Rogue EQ™ Connected Electric Grill Series. This fully electric, IoT-enabled grill allows for comprehensive control via a smartphone app, including precise adjustments of temperature and grill settings on a 7-inch LCD screen. To add on, this grill heats as rapidly as gas grills of comparable size and attains a maximum heat level on par with conventional gas grills.
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What Regions Are Contributing Significantly to the Growth of the Barbecues And Grills Market?
Asia-Pacific was the largest region in the barbecues and grills market in 2023. Western Europe was the second-largest region in the global barbeques and grills market analysis. The regions covered in the barbecues and grills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Barbecues And Grills Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the barbecues and grills market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Barbecues And Grills Market Include
1. Barbecues And Grills Market Executive Summary
2. Barbecues And Grills Market Segments
3. Barbecues And Grills Market Size And Template Market Growth Rate
4. Key Barbecues And Grills Market Trends
5. Major Barbecues And Grills Market Drivers
……
25. Key Mergers And Acquisitions In The Barbecues And Grills Market
26. Top Barbecues And Grills Companies
27. Barbecues And Grills Market Opportunities And Strategies
28. Barbecues And Grills Market, Conclusions And Recommendations
29. Appendix
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