Published Date: 30-Sep-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Outdoor Kitchen Market size is expected to reach $32.2 billion by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Offline market is showcasing a CAGR of 7.4% during the forecast period. The rising demand for outdoor kitchen equipment and appliances in developing as well as developed economies would increase appliance sales through the interconnected network of offline channels, including supermarkets and hypermarkets, convenience stores, and specialty stores, among others. Moreover, in offline stores, users can inspect the product in person to ensure the quality and material of the item. This factor is also propelling the growth of this segment.
The Residential market acquired maximum revenue share in the Global Outdoor Kitchen Market by Application in 2021; thereby, achieving a market value of $20.2 billion by 2028. This is a result of a significant increase in house remodeling initiatives all over the world. In addition, rising expenditures on outdoor living spaces, such as the kitchen are anticipated to fuel market expansion. Moreover, one of the major factors that are boosting the growth of this segment is the rapidly increasing disposable income of people.
The Refrigeration Units market is anticipated to grow at a CAGR of 8.4% during (2022 - 2028). The rising use of refrigeration units to preserve food and non-alcoholic as well as alcoholic beverages within outdoor spaces is anticipated to drive market expansion. Furthermore, outdoor refrigeration systems perform optimally in temperatures between 60 to 80 degrees Fahrenheit, though outdoor-rated items can operate in temperatures between 40 to 100 degrees Fahrenheit.
The North America market dominated the Global Outdoor Kitchen Market by Region in 2021; thereby, achieving a market value of $13.2 billion by 2028. The Europe market is estimated witness a CAGR of 7.5% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 8.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/outdoor-kitchen-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Electrolux AB, Affordable Outdoor Kitchens, Bull Outdoor Products, Inc., Charlotte Grill Company, R.H. Peterson Co., Summerset Professional Grills, Wolf Steel Ltd. (Napoleon), The Outdoor Kitchen Collective Ltd., Brown Jordan Outdoor Kitchens and Danver Outdoor Kitchens.
By Distribution Channel
Unique Offerings from KBV Research