USD 6.90 billion
Fire Pits Market Size, Share, Growth Analysis, By Product(Wood Burning, Propane, Charcoal, Gas), By End Use(Indoor and Outdoor), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25I2011 |
Region:
Global |
Published Date: July, 2024
Pages:
223
|Tables:
63
|Figures:
77
Fire Pits Market Insights
Global Fire Pits Market size was valued at USD 6.90 billion in 2022 and is poised to grow from USD 7.36 billion in 2023 to USD 12.26 billion by 2031, at a CAGR of 6.6% during the forecast period (2024-2031).
Recent years have seen a sharp increase in the market for fire pits, fueled by people's need for warm, social gathering places and an increasing need for outdoor living areas. As the aesthetics of backyards become increasingly important, fire pits have become more than just places to warm people; they are now fashionable gathering places. A wide variety of products, including wood-burning, gas, and propane fire pits, are available in this market to accommodate a wide range of consumer preferences.
Customers are looking for fire pits that are multipurpose, adaptable, and can be used as both effective heating options and ornamental accents. Cutting-edge designs with integrated seating and movable flames are becoming more and more popular. Additionally, in line with consumer preferences for cleaner fuels and eco-friendly products, the sustainability trend has influenced the utilization of these materials.
The demand for outdoor leisure products has increased due to the COVID-19 pandemic as people look for fun and safe ways to spend time with their loved ones. Manufacturers are concentrating on integrating technology, such as smart features and remote-controlled ignition systems, to improve consumer convenience as the industry expands. Businesses are navigating opportunities in this dynamic landscape by aligning with contemporary design trends and meeting the changing needs of outdoor enthusiasts, as the fire pits market is primed for future expansion.
A fire pit's ability to contain and control the spread of flames is probably its most prevalent feature. These pits can be quite helpful in creating the atmosphere of a campfire in the garden by creating a comfortable setting. Sales from campers and outdoor lovers are rising as a result of this fire pit usage that encourages exploration. Any outdoor space can erect a fire pit, bringing the hearth's idea of a cosy, secluded retreat to life while blending in with the surroundings. According to a real estate firm Zillow poll, properties with outdoor fireplaces, fire pits, and free-standing chiminea fires will sell 2.8 days faster than comparable homes without an outside fire in 2021.
Over the world, this has been propelled by homeowners' rising preference to evoke an indoor environment in outdoor places. So, among homeowners looking to update their outdoor living spaces, fire pits have become one of the most popular trends. Unbelievably, outdoor recreation was practised by more than 7.1 million Individuals. Due to this, the demand for fire pits for outdoor activities will probably increase dramatically. The Outdoor Foundation commissioned the 2021 Outdoor Participation Trends Report, which found that 53% of Americans aged 6 and over participated in outdoor recreation at least once, the greatest participation percentage ever.
US Fire Pits Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Outdoor
Fastest Growth
Outdoor
Growth Rate
6.6% CAGR
Global Fire Pits Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Fire Pits Market Segmental Analysis
Fire Pits Market is segmented on the basis of product, type, end user, sale channels and region. By product, the Fire Pits Market is segmented into wood burning, propane, charcoal, gas and others. By type, Fire Pits Market is segmented into classic fire pits, fire table, fire pit bowls, tabletop fire pits, chiminea and others. By end user, the market is segmented into indoor and outdoor. By sale channels, the Fire Pits Market is segmented into B2B, B2C. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Fire Pits Market Analysis by Product
In 2022, the wood-burning sector dominated the global market. Due to their location being distant from the main house site, wood-burning pits are unofficial camping sites. With periodic whiffs of burning wood, they precisely imitate a campfire experience at a remote wilderness location.
The propane segment is anticipated to grow at the fastest CAGR. Propane burns more thoroughly and doesn't emit ash or sparks that can get on your skin or clothes. While traditional log fires keep burning coals for hours, flames on a gas fire pit may be readily extinguished. Unlike a wood-burning fire pit, a propane fire pit can be installed on an open porch with a roof over it.
Fire Pits Market Analysis by End User
The outdoor sector dominated the global market. An excellent way to enjoy an outdoor fire’s ambience without the dangers of blazing wood is with a lawn fire pit. Lawns, yards, swimming pools, and outdoor dining spaces for commercial organizations typically feature fire pits created and planned expressly for outdoor pleasure.
The indoor segment is expected to grow at the fastest CAGR. Due to its visual appeal inside of homes, indoor fire pits are becoming increasingly popular since they are lovely overall and provide customers with the same amount of comfort as an outdoor fireplace. As it is easy to build, indoor fire pits may also make for lovely indoor decorations, which is why more people are choosing to use them.
Global Fire Pits Market Size By End User 2022(%)
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Fire Pits Market Regional Insights
With a share of 39.8% in 2022, North America dominated the global market. Consumer demand for patios and heating appliances like fire pits in newly built homes is anticipated to grow the market in North America. For instance, the Survey of Construction, released in August 2021 by the National Association of Home Builders and the U.S. Census Bureau, states that construction on almost 990,000 single-family homes began and that 61.4% of newly constructed homes had patios.
The Asia Pacific region is expected to grow at the fastest CAGR. The growth of households in the Asia-Pacific region is exciting news for home furnishings sales. Further impetus for market expansion comes from rising disposable incomes. Sales volume and value are expected to rise significantly as a result of consumers' increasingly sophisticated preferences and the growing desire to construct cosy and aesthetically pleasing homes.
Global Fire Pits Market Size By Geography, 2022-2030
- Largest
- Fastest
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Fire Pits Market Dynamics
Fire Pits Market Drivers
Growing Demand for Outdoor Living Spaces to Bolster Market Growth
- Fire pits provide an attractive and functional feature for outdoor living spaces, creating a warm and inviting atmosphere for relaxation, entertaining guests, or simply spending time with family and friends. They can also serve as a focal point for outdoor gatherings and events, enhancing the overall experience. As a result of this trend towards outdoor living spaces, the demand for fire pits is expected to continue to grow, particularly as manufacturers continue to innovate and develop new designs and features that cater to the changing needs and preferences of consumers.
- In recent years, there has been a growing trend towards hosting events and gatherings in outdoor spaces, such as backyards and patios, rather than indoors. This trend has been driven by a number of factors, including a desire for more informal and relaxed social settings, as well as a growing interest in outdoor living and recreation.
Fire Pits Market Restraints
Weather-Dependency to Hinder Market Growth
- Demand for fire pits is largely dependent on weather conditions, with sales typically highest during cooler months when people are more likely to spend time outdoors. This can lead to fluctuations in sales and revenue for manufacturers and retailers, as demand can be unpredictable and difficult to forecast.
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Fire Pits Market Competitive Landscape
The market has become fragmented as a result of numerous small and large firms. The top players in the market concentrate on developing new products and incorporating cutting-edge innovation into their offerings. Players use a variety of tactics while expanding their operations in other geographies in order to remain competitive in the market and meet customer demand.
Fire Pits Market Top Player’s Company Profiles
- Blue Rhino (US)
- Landmann (Germany)
- Outland Living (Canada)
- Endless Summer (US)
- Bond Manufacturing (US)
- AZ Patio Heaters (US)
- The Outdoor GreatRoom Company (US)
- Agio International (US)
- Real Flame (US)
- Designing Fire (US)
- Napoleon (Canada)
- Paloform (Canada)
- EcoSmart Fire (Australia)
- AK47 Design (Italy)
- Higley Welding (US)
- Yard Couture (US)
- CobraCo (US)
- Sunjoy (Canada)
- Pleasant Hearth (US)
Fire Pits Market Recent Developments
- In February 2023, The Jan brothers referred to the Solo Stove, a backyard fire pit, as a "nearly smokeless" substitute for a campfire. It is produced by Solo Brands in Grapevine, Texas. An example of a successful Kickstarter campaign is the stove, which in 2016 raised more than $1.1 million after exceeding its $15,000 goal in just two hours.
- In January 2023, for a stunning yet safe focal point, there are 8 essentials for fire pit design.
Fire Pits Key Market Trends
- Gas-powered fire pits are becoming increasingly popular, as they offer several advantages over traditional wood-burning fire pits, including easier operation, less maintenance, and less smoke and debris. Manufacturers are responding to this trend by developing new gas-powered fire pits with improved features and designs.
Fire Pits Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global fire pits market analysis, the market is driven by several factors such as increasing demand for outdoor living spaces, rising popularity of backyard entertaining, and a growing interest in outdoor heating and cooking equipment. The market is expected to continue to grow in the coming years, driven by increasing consumer demand for multifunctional and eco-friendly fire pits and rising interest in gas-powered and portable fire pits. Manufacturers and retailers in the global market must navigate these challenges to remain competitive and profitable in the long term. the market is expected to continue to grow, but it is also subject to changing consumer preferences, increasing regulations, and intensifying competition. Companies that can stay ahead of these trends and challenges by developing innovative products and marketing strategies will be best positioned to succeed in the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.90 billion |
| Market size value in 2031 | USD 12.26 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fire Pits Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fire Pits Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fire Pits Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fire Pits Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fire Pits Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fire Pits Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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