The
residential cooking grills market and it is
poised to grow by USD 1.66 bn during 2020-2024, progressing at a CAGR of over
4% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
Frequently Asked Questions:
·
What are the major trends in the market?
Growing online sales is a major trend driving the growth of the market.
·
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 1.37% and the incremental
growth of the market is anticipated to be $ 1.66 billion.
·
Who are the top players in the market?
Groupe SEB, Koninklijke Philips NV, The Middleby Corp., NAPOLEON, Newell Brands
Inc., Onward Manufacturing Company Ltd., Robert Bosch GmbH, Spectrum Brands
Holdings LLC, Weber-Stephen Products (HK) Ltd., and Whirlpool Corp, are some of
the major market participants.
·
What is the key market driver?
The innovations and product premiumization is one of the major factors driving
the market.
·
How big is the North America market?
The North America region will contribute 44% of the market share.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Groupe SEB, Koninklijke Philips NV, The
Middleby Corp., NAPOLEON, Newell Brands Inc., Onward Manufacturing Company
Ltd., Robert Bosch GmbH, Spectrum Brands Holdings LLC, Weber-Stephen Products
(HK) Ltd., and Whirlpool Corp. are some of the major market participants. The
innovations and product premiumization will offer immense growth opportunities.
To make most of the opportunities, market vendors should focus more on the
growth prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
supply chain operations. This customized report will also help clients keep up
with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Residential Cooking Grills Market 2020-2024: Segmentation
Residential Cooking Grills Market is segmented as below:
·
Product
o
Gas Cooking Grills
o
Charcoal Cooking Grills
o
Electric Cooking Grills
·
Application
o
Outdoor Cooking Grills
o
Indoor Cooking Grills
·
Geography
o
North America
o
Europe
o
APAC
o
South America
o
MEA
Residential Cooking Grills Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The residential cooking grills
market report covers the following areas:
·
Residential Cooking Grills Market Size
·
Residential Cooking Grills Market Trends
·
Residential Cooking Grills Market Industry Analysis
This study identifies growing online sales as one of the prime reasons
driving the residential cooking grills market growth during the next few years.
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