Outdoor Kitchen Market Size, Share, Growth Analysis, By Product(Cooking Fixtures, Islands & Storage Units, Cocktail & Bar Centers, Sinks & Faucets and Others), By Application(Residential and Commercial), By Region - Industry Forecast 2024-2031

Outdoor Kitchen Market size was valued at USD 20.10 billion in 2021 and is poised to grow from USD 21.81 billion in 2022 to USD 38.60 billion by 2030, at a CAGR of 8.5% during the forecast period (2023-2030).

Global market growth is accelerating due to the increasing purchasing power of consumers. The market expansion over the anticipated years is being outpaced by the rising popularity of outdoor culinary events and the rising number of hotels and restaurants. Rymer Strategies Company reports that 78% of boomers and 68% of millennials are willing to spend more than USD 5,000 more for an aesthetic outdoor living area. Outdoor living spaces have become increasingly popular, with people incorporating outdoor kitchens, yoga spaces, mini-gyms, and grilling areas into their homes. This trend has increased demand for outdoor kitchen cabinets, as people invest in luxury lifestyles and seek to create functional and stylish outdoor spaces. Germany had USD 516.23 billion (EUR 504.54 billion) in disposable personal income in past years, which is expected to rise to USD 544.47 billion (EUR 532.14 billion) in 2022, according to the Federal Statistical Office. The market growth is restrained due to the high setup costs for outdoor kitchens.

US Outdoor Kitchen Market is poised to grow at a sustainable CAGR for the next forecast year.