Barbeque Grill Market Is Expected To Reach USD 6.50 Billion By 2025: Grand View Research Inc.

Barbeque Grill Market.jpg
San Francisco, 6 December 2019: The Report Barbeque Grill Market Size, Share & Trends Analysis Report By Product (Gas, Charcoal, Electric), By Application (Household, Commercial), By Region, And Segment Forecasts, 2019 – 2025

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.

Access Research Report of Barbeque Grill Market @ https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market

Further key findings from the report suggest:
  • 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
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/electronic-and-electrical

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
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
Access Press Release of Barbeque Grill Market @ https://www.grandviewresearch.com/press-release/global-barbeque-grill-market

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 Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more