Selbyville, Delaware, Aug. 09, 2022 (GLOBE NEWSWIRE) —
Sales of outdoor kitchen appliances will hit $11 million by 2030, according to latest research study by Global Market Insights Inc. The industry is expected to grow with increasing sales of products such as outdoor refrigerators, sinks, faucets, grills and range hoods. Additionally, breakthroughs in technology and increased R&D spending by manufacturers could be among the major factors driving the adoption of smart kitchen equipment.
The average disposable income of the world’s population is growing at a steady rate, enabling them to increase their spending on smart kitchen appliances. More and more customers are carrying out home improvement activities to improve the aesthetics, thus fueling the installation of outdoor equipment. Outdoor cooking activities during leisure time, such as barbecues, are increasing in regions such as North America and Asia-Pacific. Additionally, the expanding chain of barbeque restaurants will further amplify the market demand for outdoor cooking equipment.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/5295
The study estimates that offline sales channels dominated around 80% of the global outdoor kitchen appliances market in 2021. Widespread access to physical outlets for household appliances and equipment has supported industry trends . However, the demand for convenient online platforms has accelerated in both developed and emerging economies, which could gradually transform the dynamics of the industry.
According to the new report, the global outdoor kitchen appliance industry share in the kitchen range hood segment exceeded $400 million in 2021. The demand for outdoor kitchen range hood is increasing due to the growth in sales outdoor grills. Consumers are investing in advanced range hoods to maintain cleanliness and ventilation in kitchens, which, in turn, will keep customers safe. Leading European companies such as Elica, Faber, Falmec and Broan-NuTone are capitalizing on this trend to develop new innovative cooker hoods and increase their competitive advantage.
The Global Market Insights Inc. study projects Europe outdoor kitchen appliances market size to register more than 9% CAGR during the period 2022-2030. The growing popularity of modular and advanced kitchen designs among area residences is creating the need for technologically advanced outdoor kitchen appliances. With changing consumer preferences, regional outdoor kitchen appliance manufacturers offer a variety of products at suitable prices to meet each customer’s unique requirements.
Reputable organizations in the global outdoor cooking appliance market include Weber-Stephen Products LLC, The Middleby Corporation, Napoleon, The Coleman Company Inc, NexGrill Industries, Inc., Weber-Stephen Products LLC, Traeger Pellet Grills, LLC and Char-Broil LLC, and Middleby Corporation LLC. These companies focus on combining several advanced features in their products to improve equipment operation and productivity.
For example, in April 2022, Napoleon launched its first full-size electric grill equipped with IoT capability in the connected grill series, “New Rogue EQ”. The model is specially designed for the outdoors, has IoT technology and comes with two electric burners. The development represents future opportunities for the market as consumers become aware of the availability and benefits of modern outdoor kitchen appliances.
Request to customize this research report @ https://www.gminsights.com/roc/5295
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Outdoor Kitchen Appliances Industry 3600 synopses, 2018 – 2030
2.2 Trade trends
2.3 Regional trends
2.4 Sales Channel Trends
2.5 Type trends
Chapter 3 Industry Overview of Outdoor Kitchen Appliances
3.2 Impact of the COVID-19 outbreak
3.3 Impacts of the Russian-Ukrainian War on the Global Outdoor Kitchen Appliances Market
3.4 Ecosystem Analysis of Outdoor Cooking Appliances Industry
3.5 Investment landscape
3.6 Technological landscape
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Drivers of growth
22.214.171.124 Implementation of Strict Government Food Safety and Hygiene Regulations in North America and Europe
126.96.36.199 Technological advancements in kitchen appliances will drive Asia Pacific market growth
188.8.131.52 Growing Participation in Outdoor Recreational Activities in North America
184.108.40.206 Proliferation of MEA Kitchen Appliances Industry
220.127.116.11 High Demand for Household Appliances via E-Commerce and Online Sales Channels
3.8.2 Industry Pitfalls and Challenges
18.104.22.168 High Initial and Repair Costs of Outdoor Kitchen Appliances
3.9 Analysis of price development
3.10 Analysis of growth potential
3.11 Porter’s analysis
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/outdoor-kitchen-appliances-market
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.