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The Global Outdoor Kitchen Cabinets Market size is forecast to increase by USD 1.70 billion at a CAGR of 7.01% between 2023 and 2028. The market is expanding thanks to several key factors. Firstly, there is a rising trend of online sales in outdoor furniture, indicating a shift in consumer shopping habits. Secondly, growth in residential and commercial construction is driving demand for these types of furniture and related products. Lastly, there is an increasing demand for convenient, customized kitchens, reflecting a broader trend toward personalized living spaces. Online sales of outdoor furniture are on the rise, along with the growth in residential and commercial construction sectors. The popularity of convenient and customized kitchens is also contributing to market expansion.
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The market experiences robust growth driven by increasing demand for disease management solutions. The expanding healthcare infrastructure influences the market positively, along with the rising adoption of infusion pumps, intravenous sets, needleless connectors, stopcocks, and blood transfusion sets. Large-volume infusion pumps, syringe infusion pumps, patient-controlled analgesia (PCA) infusion pumps, electronic ambulatory infusion pumps, disposable ambulatory infusion pumps, pump sets, secondary sets, gravity sets, and extension sets cater to diverse medical needs. However, challenges arise with the aging geriatric population. These dynamics define the market's trends, drivers, and challenges, shaping the landscape of the market on a global scale. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing sales of outdoor furniture products online are notably driving the market growth. The rise in Internet penetration, shipping services, and fragmentation of consumer choices have fueled the market. Numerous kitchen cabinet manufacturers are using online platforms to sell, offering a wide range of options, including stainless steel, wood, and polymer cabinets, catering to both residential and commercial needs. Additionally, e-commerce platforms provide convenience for consumers and attract contractors and mass merchandisers alike. From wall cabinets to specialty cabinets for appliances and grills, online stores offer a diverse selection. This trend reflects the increasing demand for luxury lifestyle products and the ease of access to raw materials for construction projects.
Further, numerous kitchen cabinet manufacturers are using online platforms to sell, offering a wide range of options, including wall cabinets, base cabinets, appliance cabinets, and specialty cabinets for various needs. The growing trend of digitization is expected to boost the market during the forecast period. Many companies, such as Trex, are selling such products online. Consumers can go through the product description and other details online and make their purchase decisions according to their requirements. This, in turn, will drive the market during the forecast period.
Innovation in product design and portfolio expansion is an emerging trend shaping market growth. With the changing lifestyles of the population across the nations, the emphasis on outdoor decoration has increased considerably. To meet the growing demand, the vendors in the market are expanding their product lines by providing new kitchenware, including outdoor kitchens, through new ranges and collections.
Also, companies are increasingly offering a wide variety of designs, durability, and colors to expand the customer base. The availability of such products will further drive sales and positively influence the market during the forecast period.
Unstable prices of raw materials are a significant challenge hindering market growth. The costs of raw materials such as wood, steel, textiles, plastics, and cartons have increased considerably in recent times. In addition, prices of raw materials such as chipboard, timber, polish chemical materials, color paints, and hardware used in making have increased. The cost of wood particleboard has also increased because of volatility in input and transportation costs, as well as the continued downsizing of these manufacturers' production capacities.
Moreover, an increase in the costs of raw materials presents a two-way challenge for major players as they should either accept the high prices of raw materials or sell products at higher prices, with the risk of losing customers to competitors offering the same products at lower prices. All these factors collectively hurt the profitability of the market, thus hampering its growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Outdoor Cabinets LLC - The company offers outdoor kitchen cabinets such as Trash Pullout Cabinet with Top Drawer, Full Height Cabinet 1 Door, Drawer Cabinet 1 Door, and Three Drawer Cabinet.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The stainless steel segment is estimated to witness significant growth during the forecast period. Steel is the most used metal for the manufacturing of outdoor kitchen cabinets. Due to its architectural flexibility, quality and finishing, and the extended life of the manufactured product using stainless steel. In addition to preventing corrosion, powder coating technology enables the use of a wide variety of aesthetic treatments.
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The stainless steel segment was the largest and was valued at USD 1.39 billion in 2018. The natural aspect of steel blends well with the design of these appliances, giving the area a chic, modern appeal. Moreover, due to its durability, low maintenance, heat- and stain-resistance, affordability, and impervious to chipping and cracking nature, stainless steel is highly popular in manufacturing these cabinets. These factors contribute to the demand for stainless steel cabinets and hence fuel the growth of the market during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is the largest market, with the US, Canada, and Mexico being the key leading countries. The real estate and commercial leasing industries in North America have been observing significant growth. This has led to an increase in commercial properties, which, in turn, increased sales in North America. The growing economy of the region will drive the growth of the market during the forecast period. The emphasis has increased in the US due to the changing lifestyles of the population.
In addition, a growing number of homeowners are replicating indoor spaces in their backyards, moving activities such as dining, entertaining, and lounging outside to enjoy fresh air, natural scenery, and warm weather. Nebraska Furniture Mart offers various of its kind to its customers in the US. Some of its product offerings include patio dining sets, outdoor sectionals, dining furniture, and swings. Such factors are expected to drive the regional market growth during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market experiences dynamic growth as polymer-based cabinets redefine outdoor living. Catering to diverse amenities, contractors and mass merchandisers offer an array of cabinets, including wall, base, appliance, specialty, and grill cabinets, transforming spaces. From cooking and cooling/bartending to luxurious lifestyles, the market encompasses countertops, entertainment space, and built-in kitchens. Innovations like pizza ovens, explorers' barbequing, and slow roasting add uniqueness, while wood chips and social gatherings around charcoal and gas grills reflect the American lifestyle. Modular kitchens and infrastructural designs provide storage solutions, aligning with the rising standard of living.
In addition, with a focus on wooden aesthetics, the market integrates entertainment, meals, drinks, and shelf space, offering a luxurious experience. Home renovation and improvement, driven by the demand for ample storage, reflect evolving consumer needs. Challenges include space constraints, influencing the type of cabinets and amenities chosen, as the market thrives on end-user preferences, disposable income, and Western cultural influences, making it a strategic investment pocket for future growth. The market caters to diverse preferences with an array of cabinets such as wall, base, appliance, and specialty, defining luxury lifestyles.
Further, available through online stores, suppliers and buyers play pivotal roles in the market's growth. From unique sauces and cooking to charcoal and natural gas grills, the market fosters an unparalleled barbeque social gathering experience. Backyard grilling trends, product launches, and entertainment purposes contribute to a luxurious cooking space. With a focus on aesthetic value and amenity-driven end-users, the market addresses Western cultural preferences. Amidst home improvement needs and space constraints, the market stands as a strategic investment pocket for those seeking to elevate their living experience.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.01% |
Market Growth 2024-2028 |
USD 1.70 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.4 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Outdoor Cabinets LLC, Brown Jordan Co., Bull Outdoor Products Inc., Coyote Outdoor Living Inc., Danver Stainless Outdoor Kitchens, Electrolux AB, Grillnetics Outdoor Cabinetry, Ideal Cabinetry LLC, JW Outdoor Cabinets, Naturekast Products Inc., NewAge Products Inc., Premier Custom Built Inc., Schrapper Fine Cabinetry Inc., Stoll Industries Inc., The Middleby Corp., Trex Co. Inc., TuClad Outdoor Kitchens, Ultimate Outdoor Cabinets, Werever Products Inc., and Wolf Steel LTD. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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