Barbeque Grill Market Size, Share & Trends Analysis Report By Product (Gas, Charcoal, Electric), By Application (Household, Commercial), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the barbeque grill market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for barbeque grill market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of barbeque grill market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Smart Home Market Categorization:

The barbeque grill market was categorized into three segments, namely product (Gas, Charcoal, Electric), application (Household, Commercial), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The barbeque grill market was segmented into product, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The barbeque grill market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S., Canada, Mexico, Germany, the UK, Spain, Italy, France, China, India, Japan, Australia & New Zealand, Brazil, Argentina, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Barbeque grill market companies & financials:

The barbeque grill market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Newell Brand Inc. is a global manufacturer and distributor of consumer products pertaining to household, outdoor activity-related equipment, and writing instruments. The company offers its products under various brands including Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Yankee Candle, Marmot, Oster, Sunbeam, FoodSaver, Mr. Coffee, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, and Coleman under which it offers grill and stove accessories for outdoor and indoor applications. It operates through three segments, namely Food and Appliances; Home and Outdoor Living; and Learning and Development. The company acquired Sunbeam Products, Inc. in 2004, which manufactures various grooming products including clippers, blades, and trimmers under the brand Oster Professional.

• Spectrum Brands, Inc. is a manufacturer and supplier of consumer products such as household appliances, residential locksets, plumbing equipment, personal insect repellent, shaving & grooming products, personal care products, specialty pet supplies, lawn & garden products, and home pest control products. It operates through vertically integrated four product-focused segments: Hardware & Home Improvement (HHI), Home & Personal Care (HPC), Global Pet Supplies (PET), and Home & Garden (H&G). The company sells its products in approximately 160 countries across various regions, including North America, Europe, Middle East & Africa, Latin America, and Asia Pacific, through a variety of trade channels, including retailers, wholesalers & distributors, and construction companies.

• The Middleby Corporation is an American company, headquartered in Illinois. The company is involved in the manufacturing, marketing, and distribution of food related equipment used in all types of commercial restaurants, houses, and institutional kitchens. The company conducts its business through three principal business segments: Commercial Foodservice Equipment Group, with portfolio of foodservice equipment pertaining to cooking, warming, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. These products are sold and marketed under a portfolio of eighteen brands, including AGA, AGA Cookshop, Brigade, Fired Earth, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, and Stanley, T.

• Incorporated in 1885, W.C. BRADLEY CO. Corporation is the U.S.-based company with its headquarters located in Georgia. Since its inception, the company is engaged in operating diverse businesses such as farm implement manufacturing, textiles manufacturing, row crop and livestock production, wholesale supply businesses meeting the needs of industrial and building contractors, retail businesses pertaining to outdoor sports equipment and licensed sports apparel, and barbecue grill manufacturing. It has various subsidiaries associated with itself including Char-Broil LLC, Zebco Brands, Lamplight Farms Incorporated, and W.C. Bradley Co. Real Estate. Under Char-Broil brand, the company is involved in the manufacturing of small kitchen appliances including gas, electric and charcoal grills, BBQ smokers, electric smokers, grill covers, and related accessories.

• Traeger Grills is an American company founded in the year 1990 with its headquartered in Utah. It is engaged in the manufacturing and distribution of wood pellet burning barbecue grills created for barbecue grilling and outdoor cooking which combines the elements of charcoal smokers, gas grills, and kitchen ovens. These grills use natural hardwood fuel called wood pellets for cooking application. In addition, it provides accessories related to grilling such as rubs and shakes, sauces, grill covers, pellet storage metal bucket, storage lid and filter kit, insulation blanket, folding self-stand, BBQ food tray and spatula, wooden grill grate scrape, rib rack, grill hoppers and magnetic hooks, drip tray liner, grills racks, and smoked jalapeno popper tray. The company has its major operations and distribution presence in the U.S

• LANDMANN is a European company founded in the year 1966. It is engaged in the manufacturing and distribution of barbecue equipment such as grills, smokers, fire pits, log storage, and fireplace grate products. The company provides gas and charcoal grills in various series and models to the consumers for indoor and outdoor applications. In addition, it offers accessories related to grilling such as fire starters, stainless steel BBQ fork and spatula, grill brush, tong, smoker cover, fir pit cover, and grill cover. The company started expanding its business presence in U.S. and Hong Kong in the year 1978, to acquire new customers. Currently, the company sells its product in more than 35 countries with 15 sales offices located in various countries including the U.S., U.K., France, Germany, Italy, China, and Australia

• Weber-Stephen Products LLC is privately held company incorporated in the year 1952 in U.S. with headquarters located in Illinois. It is involved in the production of charcoal, gas, and electric grills, as well as grilling accessories including griddles and planchas, charcoal briquettes, starter kits and accessories, smoking woods, grilling basket and pans, barbeque racks and rosters, grill brushes, drip pans, preparation gloves and aprons, and gourmet BBQ systems. The company sales its products in more than 72 countries across the globe. Lately, it is extensively considering on their business expansion in Asia Pacific via India, Mainland China, Hong Kong, Korea, Japan and Singapore.

• Transform Holdco LLC is a U.S. based privately held company with its headquarters in Illinois. In February 2019, it acquired assets of Sears Holdings Corporation, a leading home appliance retailer in U.S. as well as a manufacturer and distributor of tools related to lawn and garden, fitness equipment, automotive repair and maintenance. Sears Holdings Corporation operate in two reportable segments, Kmart and Sears Domestic with various brands associated with itself including Kenmore, DieHard, and Craftsman. The company offers a wide range of consumer products including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables and Kenmore branded products including washing machine, fridge, dishwasher, and more.

• Empire Comfort Systems is family owned company incorporated in the year 1932 in Illinois, U.S. Currently it is being led by Nick Bauer and Jane Bauer who represent the fourth generation of Bauers at Empire Comfort Systems. The company in engaged in manufacturing and distribution of fireplace systems including floor furnaces, console heaters, wall furnace, and fireplaces log sets. It has a few brands associated with itself such as American Hearth, White Mountain Hearth Built, Empire Heating System, and Broilmaster. In the year 2002, the company purchased manufacturing rights to Broilmaster Premium Gas Grills. The inclusion of this grill manufacturing segment allowed the company to keep employees working during the off-peak season for heaters and fireplaces. Empire’s heaters, fireplaces and grills are assembled at the two manufacturing facilities in Belleville, and Illinois.

• RH Peterson Co. is privately held company incorporated in the year 1937 in U.S. The company in engaged in manufacturing of outdoor fireplaces products including gas logs, grills and related accessories. It has a few brands associated with itself such as; American Fyre Design, which deals in artistic outdoor firefalls made up of glass fiber reinforced concrete, Real Fyre, which provides gas fire logs and related accessories, and Fire Magic, which is engaged in the manufacturing of full line of premium grills, and accessories such as side burners, refrigeration and beverage centers, drawers and door for suces and spices, pizza stone kit, grilling try, charcoal basket, rack extender, and protective grill cover. The company manufactures its product complete in U.S.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Smart Home Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2023 and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Smart Home Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.