What is the global market size of Fire Pits Market?

Fire Pits Market size was valued at USD 6.47 billion in 2021 and is poised to grow from USD 6.90 billion in 2022 to USD 10.79 billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).

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 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.

Fire Pits Market Report Snapshots

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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).

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. 'Solo Stove (US)', 'Fire Sense (US)', 'Heininger (US)', '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 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.

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.

With a share of 39.8% in 2022, North America dominated the 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.

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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

Fire Pits Market Regional Insights

Fire Pits Market Report Snapshots

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