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Factors such as rapid urbanization, middle-class expansion, increasing disposable income and luxury lifestyle of consumers around the globe is creating a favorable scenario for outdoor cooking equipment market. Changing infrastructural design has led to the development of unique and unconventional household décor and kitchen décor which is beneficial for outdoor cooking equipment market. Builders and architects with outdoor cooking equipment manufacturers are tapping into these opportunities that are arising from trends such as compact kitchen areas, outdoor cooking spaces and others which are creating a high demand for outdoor cooking equipment. These trends are also noticed in various restaurants, housing with a patio garden, and small lawn houses. It has been observed that consumer preference for outdoor cooking equipment regarding design, size, and material is changing and creating an opportunity for various new market players. Manufacturing of outdoor cooking equipment is combining the products with the latest technologies, innovating the designs, which will create enormous opportunities in the outdoor cooking equipment market.
Outdoor cooking equipment comprises of all the kitchen appliances used in open lawns and campsites. Many manufacturers are now focusing on outdoor cooking equipment due to changing consumer lifestyles and open restaurant culture.
But consumers in countries like India, USA prefer vertical apartments or housing that are devoid of open spaces for a garden. In such a scenario, sales of outdoor cooking equipment are likely to witness relatively slow growth. Also, miniaturization of residencies can negatively influence the demand for outdoor cooking equipment in the foreseeable future.
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Outdoor Cooking Equipment Market: Segmentation
The global outdoor cooking equipment market is segmented by product type, buyer type, sales channel, price type and fuel Type
By product type, the global outdoor cooking equipment market is segmented as:
- Fryers and Steamers
- Cooking Accessories
By buyer type, the global outdoor cooking equipment market is segmented as:
By sales channel type, the global outdoor cooking equipment market is segmented as:
- Modern trade
- Convenience Stores
- Specialty Stores
- Departmental Stores
- Online Stores
- Other Sales Channel
By price range, the global outdoor cooking equipment market is segmented as:
By fuel type, the global outdoor cooking equipment market is segmented as:
- Natural gas
- Other Fuel types
Outdoor Cooking Equipment Market: Regional Outlook
Geographically, the global outdoor cooking equipment market is segmented into six regions, namely North-America, Latin America, Europe, and Asia Pacific excluding Japan (APEJ), the Middle East & Africa and Japan.
North America is expected to hold a significant share in the global outdoor cooking equipment market owing to various reasons such as increasing number of participants in campaigning, adventurous sports, and outdoor activities. North America and Europe will remain dominating regions in comparison to others for outdoor cooking equipment as rising purchasing power of the consumer and increasing penetration of open-plan layout for kitchens and dining arena in these regions will grow outdoor cooking equipment market. Growing restaurants and cafes in these regions is also a factors for high growth of outdoor cooking equipment market.The APEJ market for outdoor cooking equipment is expected to grow at a high CAGR over the forecast period due to increasing urbanization and infrastructure development. During forecast years, Japan is expected to be an attractive market for outdoor cooking equipment attributed to changing consumer lifestyle, which is getting affected by western culture and growing living standards in the region. The outdoor cooking equipment market in MEA is expected to show slow growth over the forecast period.
Some of the key players in the global outdoor cooking equipment market are: The Middleby Corporation, AB Electrolux, Bull Outdoor Products, Affordable Outdoor Kitchen, Charlotte Grill Company, Summerset Professional Grills and other key players.
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