Fire Pits Market size is set to grow by USD 2.97 bn from 2024-2028,increase in outdoor living spaces for entertainment and relaxation boost the market- Technavio

NEW YORK, March 27, 2024 /PRNewswire/ -- The global fire pits market size is estimated to grow by USD 2.97 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.94% during the forecast period. The Fire Pits Market is thriving due to rising demand for outdoor living spaces. Factors include changing lifestyles, disposable income, and health benefits. Manufacturers offer innovative designs such as stainless steel, Wi-Fi, Bluetooth, and smokeless models. Outdoor heating devices, including stone, metal, and ceramic fire pits, cater to various styles and preferences. Smart fire pits with temperature control, voice activation, and eco-friendly options are popular. The hospitality industry and urban areas also drive growth. Consumer interest in outdoor leisure, entertainment experiences, and stress reduction contributes to market expansion. Retailers and distributors play key roles in market growth.

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Segment Overview 

This fire pits market report extensively covers market segmentation by End-user (Residential, Commercial) Type (Wood burning fire pits, Gas fire pits, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)

Market segmentation by End-user

The Fire Pits Market has experienced significant growth, with stainless steel, stone, metal, and ceramic models, such as the Sunnydaze Heavy Duty Fire Pit and Landmann Big Sky Stars and Moons Fire Pit, becoming increasingly popular for outdoor entertaining. These fire pits offer health benefits, including stress reduction and anxiety relief, making them desirable for consumers with disposable income. Smokeless fire pits and eco-friendly options are also gaining traction in the market due to growing consumer interest in outdoor living spaces and leisure experiences. However, limitations on design options, restrictions on use, and a lack of awareness about the benefits of fire pits persist. The hospitality industry is embracing smart fire pits with Wi-Fi and Bluetooth connectivity, temperature control, and voice activation, enhancing entertainment experiences for guests. Urban areas are also adopting these advanced fire pit technologies to maximize outdoor heating devices in limited spaces. Manufacturers, retailers, and distributors continue to innovate, offering a range of materials, features, and styles to cater to diverse consumer preferences. Despite these advancements, awareness and education about the benefits of fire pits remain essential for market growth.

Geography Overview

The Fire Pits Market in North America is thriving, driven by the region's outdoor lifestyle and culture. Outdoor heating devices, made from stone, metal, or ceramic, are in high demand for homes, businesses, parks, and outdoor spaces. Consumer interest in outdoor living spaces and leisure activities, such as entertaining and relaxation, fuels the market's growth. Manufacturers, retailers, distributors, and e-commerce platforms capitalize on this trend through product development, marketing, sales, and after-sale support. Premium materials like copper and stainless steel, fuel options including natural gas, propane, and electric fire pits, and features such as Wi-Fi and Bluetooth connectivity, aesthetics, multifunctionality, and eco-friendly materials add value. The hospitality industry also benefits from fire pits, offering smokeless and sustainable options for enhanced entertainment experiences, stress reduction, and anxiety reduction. However, factors like lack of awareness, limited design options, and restrictions on use may impact market growth. Smart fire pits are a new trend, offering advanced features and fuel efficiency.

Insights on the market contribution of various segments including country and region wise, historic (2018 - 2022) and forecast market size- Download a Sample Report

• The global fire pits market is thriving due to their easy installation, making them an attractive option for creating inviting outdoor living spaces. Modern fire pits come in portable, freestanding designs or DIY kits, offering a simpler solution than traditional fireplaces. Key factors include consumer interest, aesthetics, multifunctionality, fuel options, and eco-friendly materials. Manufacturers, retailers, distributors, and e-commerce platforms drive sales through product development, marketing, and after-sale support. Fire pits provide outdoor heating, entertainment experiences, health benefits, and stress reduction. Sustainable materials, smart features, and hospitality industry applications are also growing trends.
• The hospitality industry's expansion fuels the global fire pits market growth. Fire pits enrich outdoor spaces in hotels, resorts, and restaurants, offering warmth and social focal points. E-commerce platforms facilitate sales of various fire pit types, including sustainable and eco-friendly ones made from premium materials like copper and stainless steel. Fuel options include natural gas, propane, electric, and smokeless. Smart features like temperature control, Wi-Fi, and Bluetooth connectivity enhance the user experience. Urban areas drive demand due to limited outdoor space and health benefits such as stress reduction and anxiety alleviation.

Insights on Market Drivers, trends, & Challenges, historic period(2018 - 2022) and forecast period(2024-2028)- Request a sample report!

Research Analysis

Market Research Overview

The Fire Pits Market is experiencing significant growth due to increasing consumer interest in outdoor living spaces. Marketers are capitalizing on this trend by offering various types of fire pits, such as propane, natural gas, and wood burning models. Consumers value the ambiance and warmth provided by fire pits, making them a desirable addition to homes and commercial spaces. Additionally, the market offers a range of styles and designs, from modern and sleek to traditional and rustic, catering to diverse preferences. The use of advanced technology, such as remote controls and energy efficiency features, further enhances the appeal of fire pits. Overall, the Fire Pits Market is a thriving industry, driven by consumer demand for functional and aesthetically pleasing outdoor heating solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• End-user
• Residential
• Commercial
• Type
• Wood Burning Fire Pits
• Gas Fire Pits
• Others
• Geography
• North America
• APAC
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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