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
- The study provides an in-depth analysis of the global outdoor kitchen cabinets market with current trends and future estimations to elucidate the imminent investment pockets in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis from 2020 to 2030 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Marketing Channel
- E-Commerce
- Contractors
- Mass Merchandisers
By Type
- Base Cabinets
- Appliance Cabinets
- Wall Cabinets
- Specialty Cabinets
- Grill Cabinets
- Others
By Amenities
- Cooking
- Cooling/Bartending
- Countertops
- Others
By Material
- Polymer
- Stainless Steel
- Wood
- Masonry
- Others
By End Users
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 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.
- Outdoor Kitchen Cabinets & More
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Executive Summary
According to the report, titled, “Outdoor Kitchen Cabinets Market," the outdoor kitchen cabinets market was valued at $2.9 billion in 2020, and is estimated to reach $5.1 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030.An outdoor kitchen cabinet is a shelf space to store accessories and items in the kitchen. Outdoor kitchen cabinetry comes in stainless steel, wood, masonry, even water-resistant polymer substances produced for extra safety against heat, humidity, and cold.
Growth in demand for enhanced outdoor spaces including patios/decks, pools, spas, outdoor kitchen, rooftop and balconies and rise in adoption of luxury lifestyle are expected to propel the demand for elegantly designed outdoor kitchen cabinets. Outdoor kitchen has been gaining significant traction among the homeowners and is expected to witness significant growth in outdoor kitchen islands market during the forecast period. This is majorly attributed to increase in use of outdoor spaces for various entertainment purposes such as throwing parties, social gathering, office gathering, family function and occasional diner. Thus, demand for outdoor kitchen is witnessing a rise, which in turn is boosting the outdoor kitchen cabinets market growth.
Growth in number of high income group population and rise in number of millionaires and billionaires are expected to have significant influence on outdoor kitchen. As outdoor kitchen setup is not cost effective and needs considerable amount of outdoor space, it is suitable for people with high income and those willing to invest in luxury lifestyle.
However, increase in cost of material, rise in cost of installing outdoor kitchen projects and limited outdoor space are expected to hamper the growth of the outdoor kitchen market, which in turn limit the sales of the outdoor kitchen cabinets.
The outbreak of the pandemic has positively affected the global outdoor kitchen cabinets market size. During COVID-19, people have been emphasizing on enhancing the home outdoor space for entertainment spaces and highly investing time and money on home improvement and remodeling, as government imposed restriction to stay-at-home and work from home due to rise cases of the corona virus. Thus, COVID-19 has positively impacted the growth of the outdoor kitchen cabinets market in COVID-19 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 categorized 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 classified 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 type, the base cabinets segment was the highest contributor to the market, with $738.3 million in 2020, and is estimated to reach $1,249.0 million by 2030, at a CAGR of 5.2% during the forecast period. Base cabinets are the foundation of the outdoor kitchen with large storage capacity. Growing demand for elegant and well-designed base cabinets with high storage capacity are expected to boost the demand for outdoor kitchen cabinets market through base cabinets segment.
According to the outdoor kitchen cabinets market trends, on the basis of amenity, the cooking segment has the highest share in global outdoor kitchen cabinets market and is expected to sustain its share during the forecast period. The importance and utility of cabinets can be viewed through cooking amenity as various cooking appliances including microwave oven, coffee maker, grilling appliances can be mounted on and below cabinets. Outdoor cabinets are also designed to fit with any cooking appliances and manufacturers reserve space to provide such features.
On the basis of material, the stainless steel segment was the highest contributor to the market, with $952.0 million in 2020, and is estimated to reach $1,531.1 million by 2030, at a CAGR of 4.6% during the forecast period. People majorly prefer stainless steel based cabinets for their outdoor kitchen, owing to various benefits associated such as non-corrective, high durability, resilient to any weather and climatic conditions, add elegance and aesthetic value to kitchen space and require low maintenance cost. Furthermore, optionally, it can give a realistic look of wood, if it is coated with powder finishes.
According to outdoor kitchen cabinets market opportunity analysis, region wise, North America garnered a major share in the market in 2020, and is expected to maintain its dominance throughout the outdoor kitchen cabinets market forecast period. This is majorly attributed to high concentration of the high income group population who can afford in terms of money and optimum outdoor space, which is required for the outdoor kitchen setup. Furthermore, rise in expenditure on enhanced outdoor space for entertainment and presence of global operating companies in North America region are expected to influence the growth of the North America Outdoor kitchen cabinets market.
Players operating in the global outdoor kitchen cabinets industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include 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 Findings of the Study
- 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.
- By type, the appliance cabinets segment is estimated to witness the significant growth, registering a CAGR of 7.4% during the forecast period.
- In 2020, depending on amenity, the cooling/bartending segment was valued at $464.1 million, accounting for 16.2% of the global outdoor kitchen cabinets market share.
- By material, the wood segment is estimated to witness the significant growth, registering a CAGR of 5.3% during the forecast period.
- In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,570.8 million by 2030, growing at a CAGR of 4.7% during the forecast period.
Companies Mentioned
- 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.
- Outdoor Kitchen Cabinets & More
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 325 |
Published | June 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 2859.2 million |
Forecasted Market Value ( USD | $ 5132.5 million |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |