The global barbeque grill market size is expected to reach USD 6.50 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.5% during the forecast period. Rising popularity of grilled food along with changing lifestyle and eating habits in emerging economies including China and India is expected to drive the market. Rising trend of having cookouts and grilled food on weekends and holidays, especially among young, middle-class, working population is anticipated to bode well for the product demand.
Electric
barbeque grill segment is expected to witness a CAGR of 5.6% from 2019 to 2025.
Rising awareness regarding conservation of conventional energy is driving the
product demand. Product features such as automatic temperature adjustment and
less smoke promote hassle-free cooking and are anticipated to drive the product
demand during the next eight years.
Commercial
application is expected to remain the leading segment over the forecast period.
It accounted for more than 50% of the global market share in terms of revenue
in 2018. A large number of restaurants, clubs, and outdoor camping service
providers provide barbeque products. Increasing popularity of dining-out among
middle-income groups from developing economies including China, India, Brazil,
and Mexico is expected to promote the demand for barbeque grills in hotels and
restaurants in near future.
North
America generated the highest revenue of USD 2.8 billion in 2018. A large
number of people own barbeque grills due to their passion for cooking and
entertaining friends and families. Rising spending on barbeque products as a
part of lifestyle in U.S. and Canada is expected to boost the product demand in
near future.
Some
of the key players operating in the barbeque grill market are The Coleman
Company Inc.; Spectrum Brands, Inc.; The Middleby Corporation LLC.; Char-Broil
LLC; Kenmore; Traeger; LANDMANN; Broilmaster; FIRE MAGIC; and Weber-Stephen
Barbecue Products India Private Limited. Companies are investing in emerging
markets including India and China to increase their revenue share. For
instance, in March 2018, U.S. based barbeque grill manufacturer, Weber launched
a gas grill Genesis II and an electric grill Q1400.
Full Research Report On Barbeque Grill Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market
Barbeque Grill
Market Report Highlights
- Gas products
generated a revenue of USD 2.67 billion in 2018
- Household
application is expected to expand at a CAGR of 4.8% from 2019 to 2025
- Asia Pacific
is expected to be the fastest growing region in the barbeque grill market
with a CAGR of 5.6% from 2019 to 2025
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https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market/request/rs1
Barbeque Grill
Market Segmentation
Grand View Research has
segmented the global barbeque grill market on the basis of product,
application, and region:
Barbeque Grill
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Gas
- Charcoal
- Electric
Barbeque Grill
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Household
- Commercial
Barbeque Grill
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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