PUBLISHER: Allied Market Research | PRODUCT CODE: 1139863
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139863
The outdoor kitchen cabinets market size was valued at $2,859.2 million in 2020, and is estimated to reach $5,132.5 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.
Outdoor kitchen is a place outside the home for entertainment purposes and people can prepare meals and drinks. Outdoor kitchen cabinets are shelf space where home owners can store their food and cooking accessories. People get more attentive and careful while selecting materials for the outdoor cabinets, as outdoor kitchen cabinets come directly in contact with the environment, which can be damaged due to bad weather conditions. Thus, stainless steel or high resistive material such as polymer based cabinets are highly preferred for outdoor kitchen cabinets.
Growing interest of people in improvement of outdoor spaces, increasing use of outdoor spaces for entertainment and relaxing purpose and intention to have luxurious and comforting experience in outdoor space are expected to fuel the demand for outdoor kitchen, which in turn boost the sales of outdoor kitchen cabinets. Furthermore, there are various benefits of having kitchen in outdoor space such as it increases aesthetic value of the home, provides ease while outdoor cooking, adds amenities to home and people can have entertainment activities at the home outdoor space. Furthermore, outdoor kitchen increases the monetary value of the home when it comes to reselling.
The outbreak of COVID-19 has positively impacted the outdoor kitchen cabinets market. During COVID-19, especially in lockdown period, people invested money and time to improve their home through home renovation and remodeling activities. The value of the outdoor space increased dynamically during the COVID-19 period, as people spent more time in their outdoor space in lockdown period.
However, lack of ample amount of space for installation of outdoor kitchen setup and high cost of outdoor kitchen are expected to limit the growth of the outdoor kitchen cabinets market during the forecast period.
According to the outdoor kitchen cabinets market analysis, the market is segmented on the basis of type, amenity, material, end user, marketing channel, and region. On the basis of type, the market is categorized into base cabinets, appliance cabinets, wall cabinets, specialty cabinets, grill cabinets and others. On the basis of amenity, the market is segmented into, cooking, cooling/bartending, countertops and others. By material, the market is classified into, polymer, stainless steel, wood, masonry and others. On the basis of end user, the market is bifurcated into, residential and commercial. By marketing channel, the market is segregated into ecommerce, contractors and mass merchandisers. Region wise, it is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). On the basis of region, Asia-Pacific region was the significant contributor to the market, with $523.2 million in 2020, and is estimated to reach $1,144.5 million by 2030, at a CAGR of 7.9% during the forecast period.
Asia-Pacific exhibits highest CAGR for outdoor kitchen cabinets, owing to increase in disposable income, rise in expenditure on home indoor and outdoor projects and growth in interest of people in outdoor space entertainment. Furthermore, increasing number of high income group population, especially millionaires and billionaires in the region and rise in adoption of western culture are expected to influence the growth of the Asia-Pacific outdoor kitchen cabinets market during the forecast period.
The major players operating in the market are American Outdoor Cabinets, Bull Outdoor Products, Inc., Cabinetworks Group, Danver Stainless Outdoor Kitchens, Electrolux AB, Grillnetics, LLC, Middleby Corporation, NatureKast Products Inc., NewAge Products Inc. and Outdoor Kitchen Cabinets & More.
Key Benefits For Stakeholders
Key Market Segments
By Marketing Channel
By Type
By Amenities
By Material
By End Users
By Region