One of the major factors driving the demand for smoker covers is the increase in the number of hotels and restaurants. Key manufacturers invest heavily in R&D to provide improved products to their customers and compete with competitors and rival products. To attract customers, key players have introduced new innovative products into the market, boosting the growth of the smoker cover market. Furthermore, the trend of outings and outdoor activities such as camping and traveling has increased among young people, who prefer barbecue as a lunch or dinner option. As a result, they have begun to travel with smoker cover to cook food according to their preferences and enhance the fun of their outing. This drives the global smoker cover market expansion.
During the COVID-19 pandemic, every industry suffered a severe economic crisis. The government imposed a nationwide lockdown to control the spread of the Coronavirus, causing massive disruptions in the raw material supply chain and production cycle. The government imposed many restrictions on food industries to control the spread of COVID-19 disease, which resulted in a decline in demand for hotels and restaurants and a decrease in demand for smoker cover. Even after the government removed restrictions, people are still hesitant to visit hotels and restaurants, resulting in a significant decline in the growth of the smoker cover market.
Food Truck Industry Growth will Drive the Market
Food trucks are a new and recent evolution that has grown significantly in the last few years due to the low initial investment. One of the major factors driving the demand for smoker covers is the trend of food truck parks or industries, as food trucks require small and compact barbecues to cook food in the truck. The variety of barbecue accessories has led to the widespread adoption of smoker covers in the food truck industries, fueling the market's growth. Additionally, the trend of outdoor events and parties is becoming more popular as people who enjoy cooking and want to demonstrate their skills use barbecues for cooking. The growing popularity of outdoor parties and events fuels the growth of the smoker cover market.
Popularity of Fast Food and the High Cost of Smoker Cover to Limit Market Expansion
One factor impeding the growth of the smoker cover industry is the high popularity of quick and easy foods like fries, burgers, and other such goods. In addition, some barbeque grills weigh a tonne and are pricey and challenging to move. Furthermore, grilled food should be served immediately because it loses some flavor and texture when reheated. As a result, the product's price and the accessibility of ready-to-eat fast food are expected to limit the market growth.
Based on type, the smoker cover market is segmented into Propane, Electric snd Others. The electric category dominated the market in 2022. The demand for barbecue grills is expected to rise due to the expanding trend of cookouts on weekends and holidays among millennials and the growing acceptance of home cooking as a hobby and leisure activity. Recently, electric smoker covers have become more well-liked and are regarded as the most healthy, readily available, and environmentally friendly cooking options. They are appropriate for various uses and come in a range of sizes, from small personal grills that fit on a countertop to enormous outdoor setups for parties and social events. During the projection period, it is expected that the benefits of electric smoker covers, such as their simplicity of use, greater safety, and convenience, will drive demand.
By application, the market is segmented into outdoor and indoor. The outdoor category dominated the market in 2022. The desire for barbeques has spread throughout the world. Only barbecue restaurants could provide barbecue during the beginning of the decade. But as barbecue becomes more and more popular, it can be seen that most restaurants are adding it to their menus. This is fueling the need for outdoor smoker covers. The demand for smoker cover is also anticipated to increase as glamping, camping, and trekking activities increase.
North America is projected to hold the largest share of the smoker cover market over the forecast period. When customers in nations like the U.S., Canada, and Mexico celebrate any holiday, the focus is frequently on great food and overindulging. Their culture places a high value on eating barbecued cuisine, and they frequently host cookouts for holidays and other special occasions, which will propel the expansion of the smoker cover market. On the other hand, the Asia Pacific smoker cover market is anticipated to grow significantly over the forecast period. This market expansion is linked to the expanding popularity of barbecue grills and the increased street food consumption in nations like India, Japan, Korea, the Philippines, China, Hong Kong, Singapore, Malaysia, Thailand, and Indonesia.
LIST OF KEY COMPANIES PROFILED:
- Classic Accessories
- KHOMO GEAR
- Brightent-BBQ Covers
|Unit||Revenue (USD Million) and Volume (Kilo Tons)|
|Segmentation||By Type, By Application, and By Geography|