Author: Jiquan Zhai
The newly published report by QY Research titled, “Global BBQ Grills Market Size is projected to Reach 4,416.9 million USD by 2025,” offers a dashboard view of the global BBQ grills market that includes industrial chain structure, key trends and opportunities, segments and regional outlook for the forecasted period of 2018-2025. According to the report, the global BBQ grills industry was valued at US$ 3,464 Mn in the year 2018 and is likely to reach US$ 4,416.9 Mn by the end of 2025, expanding at a sluggish CAGR of 3.53% throughout the predicted period.
Global BBQ Grills Market: Trends and Opportunities
With the growing popularity of the barbeque activities during weekends or summer holidays the global BBQ grill market is expected to witnesses a significant growth in the years to come. The rising participation of consumer in outdoor activities, BBQ grills with unique designs and vibrant colors are likely to grab the customer’s attention. Besides, the designs and color of BBQ grills, producers in the BBQ grill market are focusing on the adoption of advanced technological BBQ accessories which is further expanding the scope of growth of the market over the anticipated period.
Global BBQ Grills Market: Forecast by Applications
The global BBQ grills market is segmented on the basis of applications such as Residential and Commercial.
Global BBQ Grills Market: Geographical Outlook
North America is expected to grab the remarkable market share of the BBQ grills market in the near future. This is due to the growing population in the US. The BBQ grill market is likely to expand in the global BBQ grills market in the years to come.
Global BBQ Grills Market: Key Players
Some of the key companies functioning into the global BBQ grills market are BRS, Weber, MHP, Coleman, Blackstone, George Foreman, Yongkang, Middleby, Dyna-Glo, Masterbuilt Grills, Char-Griller, Char-Broil, E-Rover, Kenmore, Kaoweijia, Traeger, Bull, Landmann, Fire Magic, Napoleon, Subzero Wolf, KitchenAid, Broilmaster, and Onward Manufacturing Company.
Global BBQ Grills Market: Competitive Landscape
The key manufacturers are focusing on the innovations of the products with a better quality, better technical feature and also helps in providing and improving the after sale service to the consumers. The key players are likely to keep a strong hold on the market over the anticipated period. The key players are adopting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Q2 Earnings of the Middleby, Forecast to 2020
The investment analysts at Seaport Global Securities, have analysed the quarter 2 earnings of the Middleby on February 28, 2019. The company has dropped its quarter 2 earnings this year. The research analyst of the Seaport Global Securities have expected that the firm will post $1.80 earnings per share in the coming quarter. The Middleby is also expected to earn quarter three earnings for the financial year 2019 which is likely to reach to $1.81 earnings per share, Q4 earnings for the financial year 2019 is $2.14 earnings per share, and the financial year 2019’s earnings will be $6.99 earnings per share.
Full Overview of the report @ https://www.qyresearch.com/index/detail/736995/global-bbq-grills-market