text/Larry Adams translation/Wu Shanshan
A report released by Allied Market Research shows that the global outdoor kitchen cabinets market generated US$2.9 billion in 2020 and is expected to reach US$5.1 billion in 2030, with a compound annual growth rate of 5.8% from 2021 to 2030.
The report pointed out that factors that promote the increase in people's spending on luxury lifestyles include the popularization of outdoor living spaces, the rapid urbanization process and the improvement of people's living standards. On the other hand, the high cost of outdoor kitchen equipment is expected to hinder growth to some extent. However, the surge in the number of home outdoor activities will create ample opportunities for growth in the industry.
Outdoor Kitchen cabinet refers to the shelf space used to store accessories and items in the kitchen. Outdoor kitchen cabinets are made of materials such as stainless steel, wood, masonry and waterproof polymers, and have certain protection against heat, humidity and cold. When choosing outdoor kitchen cabinets, people tend to consider basic factors such as space, budget and special materials suitable for the weather. The most common material used in outdoor kitchen cabinet is stainless steel because it looks classic and is easier to clean than wood.
Outdoor living space includes outdoor kitchen, yoga space, mini gym and barbecue space. The increasing popularity of outdoor living spaces and the increase in luxury lifestyle spending are expected to promote the growth of the outdoor kitchen cabinet market during the forecast period. Several countries have implemented epidemic prevention and home isolation measures to enable people to improve outdoor space for convenience and entertainment, thus affecting the development of the outdoor kitchen cabinet industry.
However, the high cost of outdoor kitchen equipment and the increase in raw material costs are expected to limit the sales of outdoor kitchen cabinet market. Outdoor kitchen equipment on the market is very expensive. In addition, the labor cost of installing outdoor spaces further increases the cost.
Outdoor kitchen cabinets are divided into floor cabinets, appliance cabinets, wall cabinets, special cabinets, barbecue cabinets, etc. according to their types. On a comfortable basis the market is divided into, cooking, cooling/bart-making, countertops and others. By material classification, the market is divided into polymers, stainless steel, wood, masonry and other.
[Outdoor kitchen cabinet market distributed by type]
In 2020, floor cabinets accounted for a major share in the market, with revenue of US$506.1 million, and are expected to reach US$935.8 million in 2030, with a compound growth rate of 6.1%. It is quite popular among customers and is used to prevent dry food from touching the floor and protect food and other items from pests. In addition, carefully designed and color-combined floor-standing cabinets add aesthetic value to outdoor kitchens and promote the growth of global outdoor kitchen cabinet market share.
[Outdoor kitchen cabinet market distributed by equipment]
By 2030, the refrigeration/bart-making part is expected to reach US$943.8 million, with a compound annual growth rate of 7.1% during the forecast period. More and more people are enjoying a luxurious lifestyle, and spending on outdoor spaces such as swimming pools, outdoor gyms, outdoor kitchens is also increasing. The refrigeration/bart-drinking cabinet provides convenient cold drink spots, which makes outdoor refrigerators, freezers, ice makers , tea tables, bartenders and beer machines the perfect choice for their outdoor kitchens.
[Outdoor kitchen cabinet market distributed by material]
Stainless steel category occupied most of the market share in 2020, accounting for about one-third of the global market. On the other hand, polymer segments are expected to have the fastest compound annual growth rate from 2021 to 2030, at 8.6%.
Timber is an important contributor to the market, reaching US$662.6 million in 2020 and is expected to reach US$1.131.6 billion by 2030, with a compound growth rate of 5.3% over the forecast period. For customers with sheltered designs in outdoor spaces, wooden kitchen cabinets are the first choice. The natural appearance of solid wood gives the outdoor kitchen a warm and classic feel. People can use stainless steel and polymers to match wood colors, but it doesn't feel classic.From a custom-made point of view, wood is flexible and can be played differently in shape, design and color. The robustness of these materials is ideal for retrofit designs.
[Outdoor kitchen cabinet market distributed by end users]
is expected to reach US$1.7853 billion by 2030, with a compound growth rate of 5.8% over the forecast period. Tent-led outdoor dining is a growing trend in hotels and restaurants, and there is more demand for outdoor kitchen cabinets in the business. Restaurants, bars, hotels and other businesses find it very convenient to provide services directly from the areas where they are hosting. Many brick-and-mortar stores are creating outdoor kitchens that provide customers with food and drinks in an outdoor atmosphere. Therefore, the growth of the use of outdoor kitchen equipment in commercial spaces and the increasing interest in people's dining in commercial outdoor spaces has led to more demand for outdoor kitchen cabinets.
[Outdoor kitchen cabinet market distributed by marketing channel]
In 2020, contractors occupied the main share of the market. The e-commerce channel has gained considerable appeal and is expected to remain attractive throughout the forecast period. Goods and services do not require any physical space and can be sold or made an appointment for demonstration through the website. The convenience and huge discounts offered by these online platforms make it a popular medium for purchasing home and outdoor space improvement products, including outdoor kitchen cabinets. In addition, due to the high global Internet penetration rate, online shopping has now become a macro trend. Therefore, due to the convenience of shopping, continuous service and wide range of choices, online stores are becoming more and more popular among customers, thus promoting the development of the outdoor kitchen cabinet industry.
[Outdoor kitchen cabinet market distributed by region]
In 2020, North America accounted for 42.2% of the global market, the largest share. On the other hand, Asia-Pacific is expected to have the fastest compound annual growth rate from 2021 to 2030, at 7.9%. Changes in people's lifestyles in Asia-Pacific have affected consumers' purchasing trends. The acceleration of urbanization and the westernization of lifestyles are the main drivers of this market. In addition, growth in the real estate industry has in turn driven the growth of the outdoor kitchen cabinet market. High increase in disposable income, increased home decoration activities and demand for outdoor entertainment spaces are important factors supporting the growth of the outdoor kitchen cabinet market in the Asia-Pacific region.
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