The global Outdoor Commercial Grills market size is expected to be valued at US$ 2.8 Million in 2023. With the continual expansion of the foodservice industry, the overall scope for Outdoor Commercial Grills Market is projected to grow at a CAGR of 5.8% between 2023 and 2033, totaling around US$ 5.0 Million by 2033.
Another factor driving the growth of the outdoor commercial grills market is the rising popularity of healthier cooking methods. Grilling and barbecuing are considered to be healthier alternatives to frying, and as consumers become more health-conscious, they are increasingly opting for grilled and barbecued foods. This trend is fueling the demand for outdoor commercial grills in the foodservice industry and among home consumers.
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In addition, the increasing popularity of outdoor living spaces is accelerating the demand for outdoor commercial grills. With the growing trend of creating outdoor living spaces such as balconies, terraces, and gardens, people are looking for ways to enhance their outdoor experiences, including cooking and entertaining guests.
Moreover, the expansion of distribution channels is also expected to boost the market prospects. Manufacturers of outdoor commercial grills are expanding their distribution channels, including online sales, to reach a wider customer base. The growth of e-commerce platforms has made it easier for consumers to purchase outdoor commercial grills online, and this trend is expected to continue in the coming years.
Furthermore, the hospitality and tourism industry is also expected to play a significant role in driving the growth of the outdoor commercial grills market. With the increasing number of hotels, resorts, and restaurants in emerging markets such as Asia Pacific, the demand for outdoor commercial grills is expected to grow significantly. In addition, the rise of food trucks and pop-up restaurants is also expected to drive the demand for outdoor commercial grills, as these businesses often rely on portable cooking equipment.
Besides, manufacturers are continuously innovating and introducing new features such as smart connectivity, temperature control, and portability in their outdoor commercial grills to cater to the changing consumer preferences.
Additionally, outdoor commercial grills are becoming increasingly popular in outdoor events, festivals, and gatherings. The rising trend of outdoor catering services is expected to drive the demand for outdoor commercial grills in the foodservice industry.
Key Takeaways from the Market Study
- Global Outdoor Commercial Grills Market was valued at US$ 2.6 Mn by 2022-end
- From 2018 to 2022, the market demand expanded at a CAGR of 1%
- North America is expected to hold the highest market share of 5% during the forecast period.
- By Mobility, the Stationary segment is expected to constitute a CAGR of 5.6% in 2033.
- On the basis of Grilling Fuel, the Propane Tank segment is expected to dominate the market with a CAGR of 5.5% in 2033.
- From 2023 to 2033, Outdoor Commercial Grills services are expected to flourish at a CAGR of 8%.
- By 2033, the market value of Outdoor Commercial Grills is expected to reach US$ 0 Mn.
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Competitive Landscape
Prominent players in the Outdoor Commercial Grills market are Backyard Pro, Crown Verity, Holstein Manufacturing, Louisiana Grills, Magikitch’n, Meadow Creek, Blackstone, R&V Works, Southern Pride, Old Country BBQ Pits, Middleby Corporation, Traeger Pellet Grills, Lynx Grills, Inc., Char-Broil LLC, Nuke BBQ, Pit Boss Grills, Weber, Kamado Joe, and Dyna Glo, among others.
Recent Developments:
- In February 2021, Traeger Pellet Grills LLC launched its new Timberline 1300 Wi-Fi-enabled pellet grill, which features a variety of smart cooking features and can be controlled via a smartphone app.
- In September 2020, Lynx Grills, Inc. announced the release of its new SmartGrill, which features a variety of smart cooking features and can be controlled via a smartphone app.
- In October 2020, The Middleby Corporation acquired Ss Brewtech, a manufacturer of outdoor commercial grills and other brewing equipment.
