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In the outdoor grilling market, smart technology trends are gaining traction. Features like temperature control, Wi-Fi, and Bluetooth connectivity are becoming popular. These allow users to monitor and adjust grill settings remotely via mobile apps, making grilling more convenient and precise. Real-time data on grill temperature, cooking time, and recipes enhance the grilling experience.
As consumers seek efficient and hassle-free solutions, these advancements are driving demand and changing how people enjoy outdoor cooking, Manufacturers are introducing new features into the grill in order to meet the trends in the market. For instance, In January 2024, Webber Inc. unveiled The Summit Smart Grill, marking the brand's inaugural model equipped with in-grill sensors that relay essential data directly to your mobile device.
The market faces challenges due to seasonal demand, which causes fluctuating sales volumes. Sales peak during warmer months because of outdoor activities and barbecues, then drop significantly in colder seasons. This volatility makes inventory management difficult, as retailers need to stock enough products for peak periods without overstocking during off-seasons. Manufacturers also struggle with planning production schedules and managing supply chains, affecting cash flow and profitability.
The global residential cooking grills industry was valued at USD 1.96 billion in 2023 and is estimated to grow at a 6% CAGR from 2024 to 2032, driven by the increasing popularity of outdoor cooking.
The charcoal grill segment generated USD 1.05 billion in 2023 and is anticipated to grow at a 5.9% CAGR during the forecast period, as they provide a unique smoky flavor that enhances meal enjoyment.
The North America residential cooking grills industry recorded USD 0.88 billion in 2023 and is expected to grow at a 6.1% CAGR, driven by a strong culture of outdoor cooking and barbecuing.
Key players in the industry include Char-Broil, Coleman, Dansons, Dyna-Glo, Everdure by Heston Blumenthal, Fire Magic, GHP Group, Grill Works, Kenmore, and Landmann.