Global BBQ Grills Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

BBQ Grills Market: Introduction

A barbecue grill is a device that is used for cooking food by applying heat as a fuel source. There are several varieties of grills depending on fuel types, such as gas-fueled, charcoal, or electric BBQ grills. Barbeque grills are made with stainless steel, porcelain enamel cast iron, and porcelain enamel steel.

Global BBQ Grills Market Revenue Outlook:

The Global BBQ Grills Market was valued at US$ 3.93 Bn in 2020 and is projected to register а САGR of 4.6% by 2031.

Nonetheless, various industry players in the global BBQ grills market are now increasing their focus on establishing successful collaborations, acquisitions, and joint venture activities to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Factors that are Driving the Demand for BBQ Grills

Rapid urbanization and growing consumer preferences towards outdoor activities have led to increased spending on infrastructure developments in residential and commercial spaces with smart cooking products such as BBQ Grills for fast and easy cooking. In addition, rising demand for BBQ grills in homes and restaurants, particularly in developed economies of the world such as the US, Japan, Germany, and certain developing economies, including China, with a view towards energy conservation, is also expected to fuel demand for BBQ grills over the forecast period.

Opportunities for the manufacturer of the BBQ Grills

Technological advancements, such as introducing grills with solar panels or batteries, provide various opportunities for market revenue growth, which is expected to continue to grow during the forecast period. The strong growth of the commercial and consumer industries, especially in emerging economies such as China, India, and Japan, is expected to provide substantial growth opportunities for major players in the target market.

Factors limiting the revenue growth of the BBQ Grills market

Availability of alternative options for grilling processes such as ovens, gas, and other easily available appliances may limit the demand for BBQ grills and hamper the revenue growth for this target market. In addition, BBQ grills are costly as compared to traditional products. This factor is expected to limit the revenue growth for this target market to a certain extent.

COVID–19 Impact Analysis

Between April 2020 and February 2021, sales of grills and smokers exceeded 13 million. Compared with the same period last year, sales during the pandemic increased by 39%. Except for the peak barbecue sales period from April to June, which accounted for 43% of the annual sales, the second half of 2020 also continues to maintain strong performance, with USD growth exceeding 50%. The year-on-year sales growth in October and November is higher than the 58% growth in May 2020.

Market Dynamics

The Global BBQ Grills Market is segmented based on grill type, application, and region. Among the grill type segment, the gas grill segment is estimated to be the most lucrative segment in this target market, with an estimated revenue share of XX% in 2020 and with a CAGR of approximately 4.5% over the forecast period. Among application segments, the residential segment is estimated to contribute 79.8% revenue share in 2020 and is expected to increase revenue at a CAGR of 4.8% during the forecast period.

Regional Analysis

Among regions, the North American region is anticipated to hold the highest share owing to the presence of a vast consumer base for home appliances electronics products. In addition, mainly barbeque grills are used for residential purposes due to increased consumer preferences for outdoor activities in these regions. The North American market is estimated to contribute XX% revenue share in 2020 and is expected to increase revenue at a CAGR of 4.7% during the forecast period. In North America, more than 60% of consumers prefer barbeque grills for parties and outdoor cooking.

Global BBQ Grills Revenue (US$ Mn) Market Share by Region

Competitive Landscape

Some of the leading manufacturers operating in the BBQ Grills market include

• Spectrum Brands Holdings, Inc.
• Sears Holdings Corp
• Empire Comfort Systems Inc.
• Modern Home Products Ltd
• Weber-Stephen Products LLC
• Newell Brands Inc. (The Coleman Company, Inc.)
• The Middleby Corp.
• C. Bradley Co., Inc. (Char-Broil, LLC)
• Traeger Pellet Grills, LLC
• LANDMANN Holding GmbH & Co. KG
• Masterbuilt Manufacturing, LLC
• Onward Manufacturing Company Limited
• Sub-Zero, Inc. (Wolf Appliance, Inc.)
• Other Key Industry Players

Some notable developments in the market include:

• In the United States, approximately 70 % of households own at least one outdoor BBQ, grill or smoker. In addition, gas grills contribute to a higher number of fires as compared to charcoal grills.
• According to new and enhanced retail tracking service information about the home improvement industry, consumers will spend more than US$4.9 billion on grills, smokers, camping stoves, accessories, and fuel in 2020.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

BBQ Grills Market, By Grill Type

• Gas Grills
• Charcoal Grills
• Electric Grills
• Other Grills

BBQ Grills Market, By Application

• Commercial
• Residential