Outdoor Kitchen Market Size, Analysis and Forecast 2023-2029

The global outdoor kitchen market size was valued at USD 3,586.4 million in 2022 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2023-29. Manufacturers are increasingly focusing on providing customized outdoor cooking equipment to customers. Furthermore, the increasing availability of modular outdoor kitchens that are less expensive than custom versions is expected to drive the growth of the outdoor cooking equipment market during the forecast period, providing manufacturers with an opportunity to cater to new consumers and increase earnings. On the other hand, the high cost and upmarket character of outdoor cooking equipment will likely stifle market expansion during the projection period.

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The outdoor kitchen market is segmented based on, type, marketing channel, amenities, material, end users and region.

By Type
• Base Cabinets
• Appliance Cabinets
• Wall Cabinets
• Specialty Cabinets
• Grill Cabinets
• Others

By Marketing Channel
• E-Commerce
• Contractors
• Mass Merchandisers

By Amenities
• Cooking
• Cooling/Bartending
• Countertops
• Others

By Material
• Polymer
• Stainless Steel
• Wood
• Masonry
• Others

By End Users
• Residential
• Commercial

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa (MEA)

The commercial segment is expected to account for a larger revenue share. The market is expected to grow at a double-digit growth rate over the forecast years owing to constantly changing consumer spending habits, as well as an increase in the number of people visiting hotels, resorts, and restaurants with outdoor cooking areas, which are boosting business growth. Furthermore, substantial activities performed by industry participants, such as developing appealing designs and new products, are likely to fuel market expansion over the forecast period. Moreover, hotels and restaurants are remodeling existing kitchens with outdoor kitchens or establishing new outdoor kitchens, which is expected to boost market expansion during the forecast period.

Asia Pacific Leads Outdoor Kitchen Market:
Asia Pacific is expected to hold a significant market share in the global Outdoor Kitchen market. It is projected to grow at a prominent growth rate over the forecast years. The increase in spending power and the improved standard of life are some of the primary reasons for enticing people to outdoor living areas, propelling the market's expansion in this region. Furthermore, the increase in home improvement spending might be ascribed to increased socializing activities such as family reunions and house parties. Again, increased customer preference for creative and modern kitchens in Asia will likely fuel industry growth.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players

Global Outdoor Kitchen market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In November 2021, European ready-to-assemble outdoor kitchen startup KamadoSpace sponsored four teams in a popular grilling competition.

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Key player's profiles in the outdoor kitchen market report are AB Electrolux; Affordable Outdoor Kitchens; Bull Outdoor Products, Inc.; Charlotte Grill Company; R.H. Peterson Co.; Summerset Professional Grills; Wolf Steel Ltd.; The Outdoor Kitchen Collective Ltd.; Brown Jordan Outdoor Kitchens; Danver Outdoor Kitchens; Kalamazoo Outdoor Gourmet, Blaze Outdoor Products.

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This release was published on openPR.