Outdoor Cooking Fixture Sales to Grow 5.4% Annually Through 2022
August 8, 2018 (Investorideas.com Newswire) Demand for outdoor kitchen cooking fixtures is projected to climb 5.4% annually to $325 million in 2022. Gains will be driven by:
- ongoing development of high-end grills (e.g., with infrared heating elements, integrated smoker boxes, and LED-illuminated controls), supporting pricing growth and value gains
- increasing interest in artisanal grilling, encouraging the use of high-end specialty fixtures like kamados and pellet grills, supporting value gains
- rising interest in installing multiple cooking fixtures - including lower-cost add-ons like side burners and other peripherals - to enhance an outdoor kitchen's functionality
In general, outdoor kitchen cooking fixtures tend to be high-value, supporting significant gains as installations steadily increase. Since these are permanent fixtures, they tend to feature substantial cooking area and power, durable materials, and extensive warranties, and most consumers installing an amenity as high-value as an outdoor kitchen are willing to invest in high-quality fixtures. These and other trends are presented in Outdoor Kitchen Equipment Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Sales of all types of outdoor kitchen equipment are forecast to grow 6.2% annually to $735 million in 2022. The number of US households with an outdoor kitchen is expected to rise 4.7% per year to 3.9 million in 2022. The Great Recession prompted new growth in the outdoor kitchen market by encouraging "staycations" in the back yard instead of vacation travel. The continued development of mass-market products (e.g., more basic islands and appliances, modular island and fixture systems) is expanding the consumer base, which historically comprised only upper-class households, by reducing purchase and installation costs. High-end add-ons and upgrades (e.g., specialty grills, food-grade refrigerators, kegerators) are increasingly used to enhance existing outdoor kitchens.
Outdoor Kitchen Equipment Market in the US (published 6/2018, 155 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email email@example.com.
Related studies include:
#3606 Countertops Market in the US, 5th Edition (February 2018)
#3604 Home Kitchen & Bathroom Remodeling (March 2018)
About The Freedonia Group, a division of MarketResearch.com - The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Consumer Goods studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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