Press release
Global Barbeque Grill Market Size To Grow At A CAGR Of 4.90% In The Forecast Period Of 2023-2028
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 5.43 billion
Forecast CAGR (2023-2028): 4.90%
Forecast Market Size (2028): USD 7.16 billion
The barbeque grill market size is growing rapidly, owing to the benefits of consuming grilled food. Having considerably lesser amounts of fats and greater nutrient preservation, there is a growing awareness and inclination towards grilled food. With the growing popularity of house parties and social gatherings, the market for barbeque grills is flourishing more than ever before.
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Today, a majority of restaurants and clubs offer a variety of grilled barbeque dishes to its customers by adding live cooking and buffet options to their menu. A large population of youngsters prefer barbeque grill dishes for their parties as these are easy, quick, and save them from a lot of hassle. The weekly dine-out culture amongst the youngsters and rising number of meat-consumers are two of the prime reasons behind the upliftment of the barbeque grill market.
The availability of barbeque grills in distinctive sizes, shapes, vibrant colours, and trendy patterns are supporting its large market size. The increased standards of living and disposable income of people is also one of the reasons for the rising demand for barbeque grills, which ultimately affects the barbeque grill market. A barbeque grill is not only restricted to non-vegetarian food options but also universally-eaten food items like pizzas, burgers, hotdogs which makes it widely acceptable.
Barbeque Grill Industry Definition and Major Segments
A barbeque grill refers to the types of cooking equipment used to cook food by applying heat from the bottom, in a method commonly known as barbecue or grilling. This method is usually used for cooking meat but can also be used for other food items. The heating mechanism can vary as it can be fuelled by either gas, coal, or electricity. When choosing from the appropriate fuel, factors like temperature control and affordability are considered.
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On the basis of product, the market is classified into:
Gas
Electric
Charcoal
Based on the application, the market is bifurcated into:
Commercial
Household
On the basis of region, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Barbeque Grill Market Trends
Owing to the heightening demand for healthy, appetising, and easy-to-cook meals, there has been a steep increase in the demand for barbeque grills. Part of the growing sale of the segment owes to rising popularity of leisure activities like glamping, camping, and trekking. Post the Covid-19 outbreak and lockdowns, a majority of people had the urge to engage themselves in leisure activities to freshen up their minds. Even during the lockdown, people tried experimenting with a variety of foods inside their homes so as to avoid gatherings and thus, barbeque grill market boomed.
A key trend in the market are the increased promotions of barbecue grills over the years which has led to a steep rise in their sale via e-commerce platforms. It is expected that the gas barbeque grills will face a greater demand due to its usefulness in households and cost-friendliness.
In order to strengthen and secure their positions in the competitive barbeque grill market, brands are offering high-tech specifications along with consumer-friendly features like non-stick and dishwasher-safe grills, so as to match with the consumers' preferences and convenience. Besides this, market players are also aiming to make barbeque grills more compact so that they can be easily carried anywhere.
Key Market Players
The major players in the barbeque grill market report are:
Middleby Corporation
Napoleon
Weber-Stephen Products LLC
The Coleman Company, Inc.
RH Peterson Co.
Traeger Pellet Grills, LLC
Nexgrill Industries, Inc.
Spectrum Brands, Inc.
Newell Brands, Inc.
CharBroil, LLC,
Others
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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