Fire Pits Market Share, Size, Trends, Industry Analysis Report, By Product Type (Wood Burning, Propane, Charcoal, Gas, Others); By Type; By End-use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Feb-2023
- Pages: 116
- Format: pdf
- Report ID: PM3017
- Base Year: 2022
- Historical Data: 2019-2021
Report Summary
The global fire pits market was valued at USD 6.81 billion in 2022 and is expected to grow at a CAGR of 6.3% during the forecast period.
The growing preference of homeowners to create an inside atmosphere in outdoor settings has propelled the all over the world. Fire pits have consequently become one of the top trends among homeowners looking to improve their outdoor living areas. Fire pits have become a standard piece of outdoor ambiance equipment because they provide visual warmth in the patio area when the temperature outside has fallen slightly, as well as rich elegance for outdoor living spaces.
Know more about this report: Request for sample pages
Additionally, fire pits are being used by people year-round for both pleasure and cooking. This is because outdoor fire pits establish a sense of community among those who congregate around their flames by fostering an atmosphere.
Various manufacturers' technological advancements are projected to fuel market expansion during the forecast period. For instance, HPC released interactive software for fire pit installation and on-site troubleshooting in September 2019. The installer or field technician can use the app to get visual step-by-step instructions for every installation and maintenance process for any HPC gas fire pit. These activities should accelerate market expansion during the expected term.
To capture the largest possible part of the market, manufacturers are also increasing their geographic reach. Over the next few years, it is anticipated that developing strategic ties with customers and introducing ground-breaking products will continue to be crucial success factors.
When the COVID-19 pandemic decimated communities and required a nationwide shutdown, outdoor spaces evolved into havens for safe social interaction, the improvement of physical and mental health, reunification with family, and the recuperation from screen fatigue. It is anticipated that as a result, there will be a significant rise in the demand for fire pits for outdoor activities.
Know more about this report: Request for sample pages
Industry Dynamics
Growth Drivers
Western culture in developing nations and the acceleration of urbanization, which is redefining how the outdoors is conceived. The interest in fire pits has also increased due to eminence and morality with the growth in travel and tourism business activity. Furthermore, the demand for such pits is the ability to grill the meat over them, particularly if a special metal fireplace with a grill is constructed to lay on top of the hot embers.
Additionally, fire pits appear to be one of the best alternative sources of lighting when someone wants to move from the typical outdoor lights. Even though the light from that single, roaring fire is not the brightest, it provides a cozy setting for spending.
Report Segmentation
The market is primarily segmented based on product type, type, end-user, and region.
|
By Product Type |
By Type |
By End-use |
By Region |
|
|
|
|
Know more about this report: Request for sample pages
Wood Burning is predicted to dominate the industry's market segment.
Wood-burning pits are essentially made-up camping pits, which fuel market expansion because they are built away from the main house site. Except for sporadic wood smoke, they perfectly reproduce the experience of a campfire at a remote bush camping.
A nice wood-burning fire pit turns your outside space from frigid to warm in an instant. Market expansion is anticipated to be fueled by technical developments made by different manufacturers. According to the Dive Report, portable fire pits are becoming more and more popular. Approximately 85% of the market is manufacturer-direct, yet existing items have many flaws and low name recognition. Customers who want a flame without the fuss are enthusiastically embracing Lamplight's new TIKI Brand Fire Pit. These discoveries helped to further improve the design of the fire pit and its accessories.
Classic Fire Pit segment dominated the market
The primary factor driving the segment is that the most popular designs utilized nowadays are fire pits made of concrete or metal. They can be produced to order or purchased off the shelf.
The Classic fire pit collection is intended not only for warmth, but you can also add a Half Moon BBQ Rack for barbecuing. With its cutting-edge style that instantly upgrades any outdoor space, it is inexpensive but sure does not appear it. For instance, Veranda Classics launched the Afterglow fire pit product line in March 2019 and offered it to the market. To achieve reduced price points and allow for domestic shipping of competitively priced goods, Afterglow both use the exclusive TerraFab material developed by Veranda Classics and make use of production in other materials.
The classic fire pits have become more widespread, but experts warn that this popularity has also increased the risk of injury, particularly for youngsters. For instance, the Consumer Product Safety Commission claimed that in 2020, there were reportedly 15,600 hospital admissions for fireworks-related accidents, which is the largest number in the previous 15 years. The injuries occurred between June 21, 2020, and July 21, 2020.
Outdoor sector held the largest market share
The outdoor sector held the greatest market in 2022 and is predicted to favorably affect market growth. The key reason for the market's growth is that a lawn fire pit is an excellent method to enjoy the atmosphere of an outdoor fire without the dangers of blazing wood.
Furthermore, the market for outdoor fire pits is also being driven by the expanding urbanization and acceptance of western culture in developing nations, which are altering how people view the outdoors. Outdoor fire pits have also grown in popularity alongside travel and the tourism sector due to their reputation and morals. Outdoor fire pits can also be customized to meet unique customer needs based on preferences, budgets, and tastes. They are offered in a variety of styles and price ranges.
The demand in North America is expected to witness significant growth
As consumer demand for patios and heating appliances like fire pits rises in new houses across North America, these elements are expected to be the main factors propelling regional expansion.
According to NAHB tabulation of data from the Survey of Construction, of the approximately 990,000 single-family homes started in 2020, only 19.3 percent contained decks. In New England, two-thirds of single-family homes were constructed with decks, with the West North Central division coming in second with 49% and the Mid-Atlantic and East South Central divisions following far behind with about 40% each. On the other end of the scale, just like in previous years, only 4% of newly constructed residences in the West South Central Division had decks.
Asia Pacific is also expected to develop at the fastest CAGR through 2022. The expansion of households in the Asia-Pacific area is very positive for the sales of home furnishings. Growing discretionary incomes provide further fuel for market expansion. Because of consumers' evolving tastes and an increased desire to build comfortable, aesthetically beautiful homes, sales volume and price are anticipated to increase dramatically.
Competitive Insight
Some of the major players operating in the global market include Firepits, Patina Products, Firepits UK, AmazonBasics, TACKLIFE, Landmann, Outdoor GreatRoom, GHP Group, American Fyre Designs, Designing FireGalaxy Outdoor, Warming Trends, Crate and Barrel, Airxcel, Fire Sense, Yaheetech, KingSo, and PALOFORM.
Recent Developments
- On April 24th, 2022, Firepits announce a partnership with Hartman Garden Furniture. With elegant design, exacting quality, and maximum comfort at the forefront, Hartman Garden Furniture creates an amazing selection of firepit table sets.
Fire Pits Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2023 |
USD 7.22 billion |
|
Revenue forecast in 2032 |
USD 12.52 billion |
|
CAGR |
6.3% from 2023 - 2032 |
|
Base year |
2022 |
|
Historical data |
2019 – 2021 |
|
Forecast period |
2023 - 2032 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
|
Segments Covered |
By Product Type, By Type, By End-use, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Key Companies |
Firepits, Patina Products, Firepits UK, AmazonBasics, TACKLIFE, Landmann, Outdoor GreatRoom, GHP Group, American Fyre Designs, Designing FireGalaxy Outdoor, Warming Trends, Crate and Barrel, Airxcel, Fire Sense, Yaheetech, KingSo, PALOFORM, and LANDMANN. |
FAQ's
key segments are product type, type, end-use, and region.
Fire Pits Market Size Worth $12.52 Billion By 2032.
The global fire pits market was expected to grow at a CAGR of 6.3% during the forecast period.
North America is leading the global market.
key driving factors are rising demand to evoke an inside ambiance in outdoor locations and technological advancements.
License and Pricing
Purchase Report Sections
- Regional analysis
- Segmentation analysis
- Industry outlook
- Competitive landscape
Connect with experts
Suggested Report
- Global Base Oil Market Size, Share Analysis Report, 2023-2032
- Laminated Veneer Lumber (LVL) Market Size, Share Global Analysis Report, 2023-2032
- Tamarind Extract Market Size & Share Global Analysis Report, 2023-2032
- Global Lip Softening Tools Market Size, Share Analysis Report, 2023-2032
- Annatto Market Size, Share Global Analysis Report, 2023-2032
© 2023 Polaris Market Research and Consulting. All rights reserved
