Product Code: ETC130561 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Barbeque Grill market currently, in 2023, has witnessed an HHI of 8439, Which has increased slightly as compared to the HHI of 6125 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines barbeque grill market has grown significantly in recent years, driven by rising disposable income levels and increasing appetite for outdoor grilling activities. This trend is further supported by the introduction of innovative products and services that have made barbequing easier, more convenient, and affordable. Growing health consciousness among consumers is also driving demand for healthier options such as reduced-fat marinades and rubs. However, despite these positive trends, the market faces some key challenges related to affordability issues arising from high prices of premium grills, limited product availability due to a low presence of local brands in the market, and competition from other cooking appliances such as microwaves or air fryers
In terms of product offerings across various price points , there has been an increased focus on customizability within major players??? portfolios . Consumers are increasingly looking for customized solutions that cater to their individual needs whether it be food preparation time or size preferences . Additionally , there is an increased emphasis on aesthetic appeal with features like LED lights becoming popular amongst customers who prefer stylish designs over plain ones
The growth in the Philippines BBQ grill market can be attributed to several factors including rising disposable income levels leading to greater spending power; increases in consumer awareness about healthier eating habits; growing interest in outdoor activities which include barbecuing; changing lifestyles which lead to less time spent at home thus giving rise to convenience-oriented products ;and technological advancements which result in improved efficiency & effectiveness when using BBQ grills
Despite all these positive opportunities provided by this burgeoning sector ,it still faces some significant obstacles including affordability issues resulting from expensive premium models ; limited access due to lack of local brands making up a large share of total sales volume ; stiff competition from other cooking appliances such as microwaves or air fryers ; need for better safety standards during usage ; inefficient customer service & after-sales support structure; inadequate promotional campaigns compared with big budgeted international players operating within this space
Key players dominating the Philippine BBQ grill industry include Weber Grills , Charbroil , Big Green Egg Inc., Napoleon Grills Ltd., Broil King International Ltd., Lynx Professional Grills LLC., Traeger Pellet Grills LLC., Z GRILLS Technology Co.,Ltd , Bull Outdoor Products Inc.. etc
Philippines Barbeque Grill |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Barbeque Grill Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Barbeque Grill Market Revenues & Volume, 2020 & 2027F |
3.3 Philippines Barbeque Grill Market - Industry Life Cycle |
3.4 Philippines Barbeque Grill Market - Porter's Five Forces |
3.5 Philippines Barbeque Grill Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.6 Philippines Barbeque Grill Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Philippines Barbeque Grill Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Barbeque Grill Market Trends |
6 Philippines Barbeque Grill Market, By Types |
6.1 Philippines Barbeque Grill Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Barbeque Grill Market Revenues & Volume, By Product, 2018 - 2027F |
6.1.3 Philippines Barbeque Grill Market Revenues & Volume, By Gas, 2018 - 2027F |
6.1.4 Philippines Barbeque Grill Market Revenues & Volume, By Charcoal, 2018 - 2027F |
6.1.5 Philippines Barbeque Grill Market Revenues & Volume, By Electric, 2018 - 2027F |
6.2 Philippines Barbeque Grill Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Barbeque Grill Market Revenues & Volume, By Household, 2018 - 2027F |
6.2.3 Philippines Barbeque Grill Market Revenues & Volume, By Commercial, 2018 - 2027F |
7 Philippines Barbeque Grill Market Import-Export Trade Statistics |
7.1 Philippines Barbeque Grill Market Export to Major Countries |
7.2 Philippines Barbeque Grill Market Imports from Major Countries |
8 Philippines Barbeque Grill Market Key Performance Indicators |
9 Philippines Barbeque Grill Market - Opportunity Assessment |
9.1 Philippines Barbeque Grill Market Opportunity Assessment, By Product, 2020 & 2027F |
9.2 Philippines Barbeque Grill Market Opportunity Assessment, By Application, 2020 & 2027F |
10 Philippines Barbeque Grill Market - Competitive Landscape |
10.1 Philippines Barbeque Grill Market Revenue Share, By Companies, 2020 |
10.2 Philippines Barbeque Grill Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |