Press release
Outdoor Kitchen Appliances Market 2024: Key Drivers and Growth Analysis
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Outdoor Kitchen Appliances Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $8.74 billion In 2028 At A CAGR Of 6.6% :
The outdoor kitchen appliances market size has grown strongly in recent years. It will grow from $6.33 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in popularity of home renovations, increase in participation in outdoor activities, rise in trend of cookouts, and rise in disposable incomes..
The outdoor kitchen appliances market size is expected to see strong growth in the next few years. It will grow to $8.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the rising number of hotels and restaurants, growing popularity of outdoor living spaces, an increasing population, and rapid urbanization. Major trends in the forecast period include premium products, and strategic partnerships and collaborations.
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Outdoor Kitchen Appliances Market Major Segments
The outdoor kitchen appliances market covered in this report is segmented -
1) By Product: Cooking Fixtures, Islands And Storage Units, Refrigeration Units, Rangehoods, Sinks And Faucets, Other Products
2) By Distribution: Offline, Online
3) By Application: Residential, Commercial
Key Driver - Surge In Outdoor Recreational Activities Boosts Demand For Outdoor Kitchen Appliances
Rising inclination towards outdoor parties and recreational activities is significantly contributing to the growth of the outdoor kitchen appliances market going forward. Outdoor parties and recreational activities are activities organized for entertainment that include social gatherings and family and friends gatherings. Outdoor kitchen appliances are helpful for cooking and are convenient for outdoor parties, as a result, the demand for outdoor kitchen appliances is increasing as more people are opting for outdoor recreational activities and outdoor parties in recent years. For instance, in January 2022, according to the Outdoor Industry Association report, a US-based membership-driven trade organization for the outdoor industry, the number of people attending outdoor parties increased by 2.2% in 2021 with 164.2 million participants, a 6.9% increase since March 2020. Therefore, a rising inclination towards outdoor parties and recreational activities drives the outdoor kitchen appliances market.
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Prominent Trend - Revolutionary Modular Outdoor Kitchen System Sparks Innovation In Appliance Market
Product innovations have emerged as a key trend gaining popularity in the outdoor kitchen appliances market. Major companies operating in the cooking and kitchen appliances manufacturing sector are focused on developing new innovative products to strengthen their position in the market. For instance, in May 2021, RTA Outdoor Living, a US-based kitchen appliance manufacturer, introduced an innovative new modular outdoor kitchen system (MOKS) that allows customers to select designs and place ready-assembled outdoor kitchens. The key feature includes its patent-pending interlocking channels that allow for intuitive and quick assembly with no need for a contractor also includes cabinet panels and countertops that are light enough to be easily hand-carried.
Outdoor Kitchen Appliances Market Players
Major companies operating in the outdoor kitchen appliances market report are Weber Inc, R.H. Peterson Co, Traeger, Inc, Napoleon, The Middleby Corporation,NexGrill Industries, Inc, The Coleman Company Inc, Char-Broil LLC, Kalamazoo Outdoor Gourmet, Bull Outdoor Products Inc, Prestige, Wonderchef, Ziegler & Brown, BeefEater, Gasmate, Royal Gourmet, KingCamp, Morphy Richards, Landmann, Dancook, Outback, Rösle, Tepro, Barbecook, Campingaz, Cook'in Garden, Forge Adour, Le Marquier, Alfa 1977, Delizia, Valoriani, Forni Ceky, Cuppone, Palazzetti, Gardenmax, Kamin-Grill, BURNHARD, Dřevona, King Griller, Tupperware, Masterbuilt, Broil King, Newell Brands, Williams-Sonoma, Inc, Middleby, Brown Jordan Outdoor Kitchens, Danver Outdoor Kitchens, The Outdoor Kitchen Collective Ltd, Cadac
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Largest And Fastest Growing Region In The Market
North America was the largest region in the outdoor kitchen appliances market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor kitchen appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Outdoor Kitchen Appliances Market Report Structure
3. Outdoor Kitchen Appliances Market Trends And Strategies
4. Outdoor Kitchen Appliances Market - Macro Economic Scenario
5. Outdoor Kitchen Appliances Market Size And Growth
…..
27. Outdoor Kitchen Appliances Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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