Mon, Apr-2024

Gas Barbecue Grills Market In-Depth Research on Industry Dynamics, Applications & Emerging Growth Factors 2030


Digital Journal
theinsightpartners Mar 07, 2024 12:25 PM

The scope of our recent study on the Gas Barbecue Grills Market Forecast to 2030 – Global Analysis – by Type and Distribution Channelincludes the factors fueling the gas barbecue grills market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

The gas barbecue grills market size was valued at US$ 3,173.32 million in 2022 and is projected to reach US$ 4,737.27 million by 2030; it is expected to register a CAGR of 5.1% during 2022–2030.

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The gas barbecue grill is commonly designed for outdoor use in backyards or kitchen setups. The growing spending on kitchen appliances and consumers' increasing interest in outdoor cooking are some of the major factors driving the market growth. In addition, the growing trend towards outdoor cooking and entertaining has fueled the demand for gas grills. Further, the rising preference to buy gas barbecue grills from online shopping platforms has posed a market growth opportunity.

The online retail sector is growing rapidly in various countries across the world due to factors such as the growing number of people shopping online, the high number of smartphone users, and the inclination toward a better standard of living. Numerous advantages of these platforms, including the availability of multiple product choices, easy accessibility, coupons and discounts, special offers, easy return and exchange, and on-time delivery, promote the online sales of different products. Moreover, integrating advanced technologies such as AI in e-commerce platforms provides many growth prospects for e-commerce distribution channels. Consumers highly prefer online retail platforms to research grills and compare features and pricing against different brands and retailers. The access to product information and content and convenience offered by e-commerce shopping appeal to many people looking for grill products for the best value. In addition, augmented reality in product content provides real-world visualization, and people can see how their new grills will look and fit in their space. This is instilling confidence and garnering excitement in people for the product. Various grill manufacturers focus on selling their products online as they have greater access to consumers, and they can also do relevant cross-selling.

In Asia Pacific, barbecue grills have grown in popularity over the previous decade due to the growing interest of people in outdoor cooking activities. Gas-fueled grills are the ones that are being used in large quantities. Barbeque grills have become a piece of accessible kitchen equipment. Its availability in different sizes makes it easy to carry as per people's comfort. Factors such as the fast cooking of food and convenience have increased its demand among the people in Asia Pacific. The influence of Western culture, coupled with the growing popularity of grilled food among the people, is also boosting the demand for different types of barbecue grills, such as gas barbecue grills. In addition, the growth in urbanization, along with the increasing disposable income of people in the region, is leading to a change in lifestyle and the adoption of different kitchen appliances. This is also fueling the growth of the gas barbecue grills market.

The major factors driving the gas barbecue grills market in China are the growing love for outdoor eating and the evolving food trends. In China, the demand for different types of grills is growing immensely as grilled food is trending. The increasing consumer preference for grilled foods—such as grilled pork, grilled chicken, pizza, and other grilled food items—and the growing number of events, such as camping, parties, social gatherings, and outdoor cooking, are driving the demand for gas barbecue grills. Further, during the COVID-19 pandemic, people were highly involved in barbecue and at-home eating and entertainment. This has further fueled the China gas barbecue grills market growth.

On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The global gas barbecue grills market share for the specialty stores segment was the largest in 2022 and online retail is expected to register a higher CAGR from 2022 to 2030. Specialty stores for gas barbecue grills include exclusive and multi-brand outlets. These stores have an extensive range of a particular product or category of products. Specialty stores offer a high-end shopping experience with unique features such as special discounts, high-level customer service, and premium deals. In addition, exclusive outlets of brands such as Weber have a wide range of barbecue grills. Further, various multi-brand outlets sell an extensive range of gas barbecue grills from prominent brands. Brand-conscious people prefer purchasing gas barbecue grills at specialty stores as products from various brands are available at these stores, and the stores have well-trained staff to assist the customers in making the right purchase decision. This factor propels the popularity of specialty stores among consumers.

The market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America held the largest revenue share of the market in 2022. North America is one of the biggest regional markets for the gas barbecue grills market in the world. The growing popularity of barbequing on weekends, summer vacations, national holidays, and festive holidays is boosting the demand for gas barbecue grills. People in North America are investing more in barbecue products, which allow them to create the eat-out experience at home and enjoy their time. According to the Hearth, Patio & Barbeque Association's most recent research ‘2023 State of the Barbecue Industry’, 80% of all homeowners and 70% of all households in the US own at least a grill or smoker. This is the highest percentage in the study's history, an increase from 64% household ownership in 2019. Thus, the presence of a large customer base drives the regional market. Further, manufacturers of gas barbecue grills operating in the region focus on adding new technological features to cater to the consumers' changing needs. This is further expected to boost the gas barbecue grills market growth.

The global gas barbecue grills market is segmented based on type and distribution channel. Based on type, the market is categorized into built-in and freestanding. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The gas barbecue grills market in Europe is sub-segmented into Germany, France, the UK, Italy, Sweden, and the Rest of Europe. The Asia Pacific gas barbecue grills market is further categorized into China, Pakistan, Japan, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.

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Gas Barbecue Grills Market: Competitive Landscape and Key Developments
The Coleman Co Inc, Bull Outdoor Products Inc, Lynx Grills Inc, RH Peterson Co, Ningbo Huige Outdoor Products Co Ltd, Sub-Zero Group Inc, Weber Inc, Monument Grills LLC, Sitro Group Australia Pty Ltd, and Nexgrill Industries Inc are a few players operating in the global gas barbecue grills market. Players operating in the market focus on providing high-quality products to fulfill customer demand.
 

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