Barbecue And Grill Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global barbecue and grill market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for the barbecue and grill? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The barbecue and grill market global report from the publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider barbecue and grill market, and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by product, segmentation by application and segmentation by fuel type
- Market Characteristics - The market characteristics section of the report defines and explains the barbecue and grill market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global barbecue and grill market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the barbecue and grill market.
- Global Market Size And Growth - This section contains the global historic (2015-2020) and forecast (2020-2025) and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025) and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025) and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global barbecue and grill market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Opportunities And Strategies - This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for barbecue and grill companies in terms of product offerings, geographic expansion, price offerings, and target groups
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Product: Built-In Grills; Freestanding Grills; Portable Grills
- By Application: Household; Commercial
- By Fuel Type: Gas; Charcoal; Electric
Companies Mentioned:
The Middleby Corporation LLC; Napoleon; Weber-Stephen Products; Traeger; NexGrill
Countries:
Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, barbecue and grill indicators comparison.
Data segmentations:
country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Table of Contents
1. Barbecue And Grill Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
7. Barbecue And Grill Market Characteristics
8. Barbecue And Grill Market Trends And Strategies
9. Impact Of COVID-19 On The Barbecue And Grill Market
10. Global Barbecue And Grill Market Size And Growth
11. Global Barbecue And Grill Market Segmentation
12. Barbecue And Grill Market, Regional And Country Analysis
13. Asia-Pacific Barbecue And Grill Market
14. Western Europe Barbecue And Grill Market
15. Eastern Europe Barbecue And Grill Market
16. North America Barbecue And Grill Market
17. South America Barbecue And Grill Market
18. Middle East Barbecue And Grill Market
19. Africa Barbecue And Grill Market
20. Global Barbecue And Grill Market Competitive Landscape
21. Key Mergers And Acquisitions In The Barbecue And Grill Market
22. Barbecue And Grill Market Opportunities And Strategies
23. Barbecue And Grills Market, Conclusions And Recommendations
24. Appendix
Executive Summary
This report describes and explains the barbecue and grill market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.The barbecue and grill market reached a value of nearly $3,436.5 million in 2020, having decreased at a compound annual growth rate (CAGR) of -0.7% since 2015. The market is expected to grow from $3,436.5 million in 2020 to $4,542.7 million in 2025 at a rate of 5.6%. The market is then expected to grow at a CAGR of 4.3% from 2025 and reach $5,611.4 million in 2030.
Growth in the historic period resulted from strong economic growth in emerging markets, rising popularity of barbecue restaurants and increased ease of use.
Going forward, increase in cooking activities, rising trend of cookouts and rising participation in outdoor activities will drive the growth. Factors that could hinder the growth of the barbecue and grill market in the future include government regulations and health impacts of charcoal grilling.
The barbecue and grill market is segmented by product into built-in grills, portable grills and freestanding grills. The built-in grills market was the largest segment of the barbecue and grill market segmented by product, accounting for 46.9% of the total in 2020. Going forward, the and freestanding grills segment is expected to be the fastest growing segment in the barbecue and grill market segmented by product, at a CAGR of 5.8% during 2020-2025.
The barbecue and grill market is segmented by fuel type into gas, charcoal and electric. The gas market was the largest segment of the barbecue and grill market segmented by fuel type, accounting for 63.7% of the total in 2020. Going forward, the electric segment is expected to be the fastest growing segment in the barbecue and grill market segmented by fuel type, at a CAGR of 7.1% during 2020-2025.
The barbecue and grill market is segmented by application into commercial and household. The commercial market was the largest segment of the barbecue and grill market segmented by application, accounting for 72.7% of the total in 2020. Going forward, the commercial segment is expected to be the fastest growing segment in the barbecue and grill market segmented by application, at a CAGR of 5.6% during 2020-2025.
North America was the largest region in the barbecue and grill market, accounting for 32.2% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the barbecue and grill market will be South America, and, Eastern Europe where growth will be at CAGRs of 8.4% and 7.3% respectively. These will be followed by Africa, and Middle East, where the markets are expected to grow at CAGRs of 6.6% and 5.9% respectively.
In the wake of COVID-19 pandemic, people around globe started opting for barbecue and grills due to lockdown measures imposed across the world. People are investing more on grills and grilling products, allowing them to create eat-out experience at home, and enjoy their time in lockdown. For instance, according to the data from NPD Group, sales of grills and smokers in the U.S. soared up to 41% to $3.2 billion for the 12 months ending in March 2021. In addition to this, the Thomas Index Report for May 2021 cited, Americans are investing in their homes and outdoor spaces over the past one year while being limited in their ability to travel and participate in other activities. And one way they’ve been increasingly enjoying their homes and yards has been through the purchase of barbecue grills.
The global barbecues and grills market is high concentrated, with small number of large players constituting majority of the market. The top ten competitors in the market made up to 76.22% of the total market in 2020. The market consolidation can be attributed to the partnerships and collaborations among the players in the industry to save costs, enhance their product offerings and expand geographically. The market is expected to be concentrated state in near future with the adoption of acquisition and merger strategies by the players to enter and expand into newer geographies. The Middleby Corporation LLC. was the largest competitor with 19.62% of the market, followed by Napoleon with 16.08%, Weber-Stephen Products with 14.73%, Traeger with 11.82%, NexGrill with 5.86%, The Coleman Company Inc. with 3.90% of the market, Char-Broil LLC with 1.57%, Spectrum Brands, Inc. with 1.31%, Everdure By Heston Blumenthal with 1.10%, and Broilmaster with 0.23%.
The top opportunities in the barbecue and grill market segmented by product will arise in the built-in grills segment, which will gain $508.5 million of global annual sales by 2025. The top opportunities in segment by fuel type will arise in the gas segment, which will gain $662.6 million of global annual sales by 2025. The top opportunities in segment by application will arise in the commercial segment, which will gain $787.8 million of global annual sales by 2025. The barbecue and grill market size will gain the most in the USA at $255.6 million.
Market-trend-based strategies for the barbecue and grill market include offering Wi-Fi in devices in order to increase convenience of cooking, integrating smart smoke technologies into product offerings in order to improve regulation and provide a better cooking experience, offering better cleaning systems in products in order to reduce the hassle and effort required to clean grills after use, offering connected cooking features with equipment in order to improve monitoring during cooking and enhance the convenience offered to customers, including ceramic grills in product portfolio in order to give consumers better grilling options and offering portable grills in order to offer greater convenience to customers during travel or during other outdoor activities
Player-adopted strategies in the barbecue and grill market include strengthening product portfolio through strategic merger and acquisitions, expanding product portfolio by bringing in product new innovations, focusing on capacity additions and expanding presence across the world through strategic collaborations.
To take advantage of the opportunities, the publisher recommends that barbecue and grill manufacturing companies consider developing focus on reducing the emission of hazardous gases, focus on automatic cleaning systems, ceramic and portable grills, expansion in emerging and developed markets, focus on competitive pricing, leveraging social media, focus on sustainable use of resources and increased grill usage during pandemic.
Companies Mentioned
A selection of companies mentioned in this report includes:
- The Middleby Corporation LLC
- Napoleon
- Weber-Stephen Products
- Traeger
- NexGrill
Methodology
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