Fire Pits Market to Grow with a CAGR of 7.5% through 2028
Increasing
demand for outdoor living and recreational activities, and the growing
popularity of fire pits as a source of heat and ambiance are factors driving
the global Fire Pits market in the forecast period 2024-2028.
According to
TechSci Research report, “Fire Pits Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Fire
Pits Market stood at USD5.86 billion in 2022 and is anticipated to grow with a
CAGR of 7.5% in the forecast period, 2024-2028. The global fire pits market is
experiencing remarkable growth, driven by a burgeoning interest in outdoor
living spaces, the diversification of fire pit designs and features, and a
heightened focus on sustainability and eco-friendliness. Fire pits have evolved
from functional appliances to stylish and versatile outdoor accessories,
catering to a wide range of consumer preferences. This market also benefits
from increasing demand in the commercial sector, where fire pits are employed
to enhance hospitality and entertainment venues. Regional variations,
technological advancements, and the enduring appeal of fire pits as a symbol of
warmth and togetherness further contribute to the industry's global prominence.
One
of the primary drivers fueling the global fire pits market is the increasing
interest in outdoor living spaces. People are increasingly seeking ways to
create comfortable and inviting outdoor environments for relaxation and
socializing. Fire pits play a pivotal role in this trend by providing warmth,
ambiance, and a focal point for gatherings. As homeowners and businesses invest
in outdoor renovations, including patios, decks, and gardens, the demand for
fire pits as a central feature of these spaces has surged. This trend is
particularly pronounced in regions with mild climates where outdoor living can
be enjoyed year-round.
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The desire for
outdoor living spaces has been further amplified by the COVID-19 pandemic,
which prompted individuals and families to seek safe and enjoyable activities
within the confines of their own homes. Fire pits offered a solution by
creating cozy and inviting outdoor settings, enabling small gatherings, family
time, and even remote work or virtual social events. As the world continues to
adapt to a post-pandemic lifestyle, the aspiration to enhance outdoor spaces
for entertainment and relaxation is expected to sustain the demand for fire
pits.
Moreover, advanced
technology has also made its mark on the industry, with features like remote
control ignition, adjustable flame settings, and even smartphone app
compatibility. Smart fire pits allow users to ignite and control the flame
remotely, adjust heat levels, and even monitor fuel consumption and safety
features through mobile devices. These technological advancements not only
enhance the user experience but also offer a new level of safety and
customization.
Additionally, the
commercial sector, including restaurants, hotels, and event venues, is
increasingly recognizing the appeal of fire pits in enhancing outdoor spaces
and attracting patrons. Restaurants with outdoor seating areas are
incorporating fire pits to create a cozy and inviting dining experience,
particularly during cooler seasons. Hotels and resorts are using fire pits as a
selling point for their outdoor amenities, offering guests a comfortable place
to gather and relax. Event venues, including weddings and corporate event
spaces, are incorporating fire pits for ambiance and as a focal point for
socializing. This growing commercial demand is boosting the adoption of fire
pits in various hospitality and commercial settings, contributing to the overall
growth of the market.
The global fire
pits market is segmented into product type, type, end use, regional
distribution, and company. Based on product type the market is segmented into wood
burning, propane, charcoal, gas, and others. Based on type the market is further segmented into classic
fire pit, fire table. Based on end use
the market is segmented into indoor, outdoor. Based on region the market is
segmented into five regions North America, Europe, Asia Pacific, Middle East
& Africa, and South America.
Major companies
operating in Global Fire Pits Market are:
- Firepits
UK
- KingSo
- Paloform
- Crate
and Barrel
- Warming
Trends Inc.
- Airxcel,
Inc. (Suburban)
- Yaheetech.shop
- Galaxy
Outdoor
- Landmann
(DS Group)
- Fire
Sense (Well Traveled Living)
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“Rising interest
in outdoor living spaces has made fire pits a central feature in creating
inviting environments for relaxation and socializing, fueling the market's
growth. Product diversification and innovation have led to a wide range of fire
pit types, including wood-burning, gas-powered, and smokeless options, with
advanced technology and eco-friendly designs becoming increasingly prevalent.
Additionally, commercial establishments like restaurants and hotels are
incorporating fire pits to elevate outdoor experiences, contributing to the
market's expansion. Regional variations in preferences, sustainability
considerations, and the adaptability of fire pits to different seasons further
drive market dynamics. The COVID-19 pandemic accelerated the adoption of fire
pits as people sought safe outdoor entertainment options, cementing their
significance in the post-pandemic world. In summary, the global fire pits
market continues to ignite interest, offering consumers a diverse range of
options to enhance their outdoor lifestyles.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Fire Pits Market By
Product Type (Wood Burning, Propane, Charcoal, Gas, and Others), By Type
(Classic Fire Pit, Fire Table), By End Use (Indoor, Outdoor), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth
potential of global fire pits market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
global fire pits market.
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