Press release
Outdoor Heating Market Projected to Exhibit Growth at 7.6% CAGR by 2031- TMR Study
Backyards and patios pertain to areas that serve as an extension of the household. During the pandemic and lockdown period, households realized the need for outdoor heating such as heat lamps, patio heaters and fire pits. The outdoor heating trend has been flourishing for a while according to some of the key players in the outdoor heating market.
๐๐ซ๐๐ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84617
Furthermore, based on historic trends, homeowners worldwide are taking strides in moving their indoor conveniences outdoors with the help of smart technologies. This trend is likely to hike the demand for electric outdoor heaters in the overall outdoor heating market.
๐๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
Based on product type, the patio heater segment is likely to be the most popular in the outdoor heating market during the forecast period. Patio heaters are low maintenance heat sources that can also be used under covered patios. Since patio heaters are more affordable and safer than other outdoor heating products, their demand in the coming years is projected to drive the outdoor heating market.
In terms of operation, electricity based outdoor heating is projected to gain majority traction in the upcoming years. However, gas outdoor heating is likely to continue its dominance based on the price point and adoption. Furthermore, based on end-user, commercial end-users including HoReCa, sports & stadiums, and transportation facilities dominated the outdoor heating market. Countries in North America and Europe are rapidly increasing their outdoor seating spaces. This is likely to contribute to the overall growth of the outdoor heating products market.
๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ข๐ง๐ ๐๐ฑ๐๐๐ฅ๐ฅ๐๐ง๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐ฌ๐๐ซ๐ฏ๐ข๐๐, ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -
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With respect to distribution channel, the outdoor heating market is dominated by offline channels; however, in the near future, the online channel is projected to expand at a noteworthy pace.
๐๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Based on region, North America held maximum share in the global outdoor heating market in 2020. The market for outdoor heating in North America is driven by rapid rise of residential & commercial construction activities, as well as the desire of high-income consumers to invest in modern and luxury items, thus making North America a potential outdoor heating market.
Furthermore, the market in Europe is expected to expand at the highest CAGR and become an upcoming market for outdoor heating sales. The Europe outdoor heating market is predicted to grow at an exponential rate due to the rising number of operations and production companies in the region. Regional growth is expected to continue at a fast rate due to the region's large potential and customer base. As compared to other regions, the outdoor heating market in Middle East & Africa is expected to witness slower growth rate during the forecast period.
๐๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players operating in the global outdoor heating market are BD Products, LLC, Bond Manufacturing, Bromic Group Pty Ltd., ChillchaserHire Scotland, Infrared Dynamics, Inc., Lava Heat Italia, Schwank GmbH, Spaceray Radiant Heaters, Sunheat International, and Tansun Ltd. among others.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ -
https://www.prnewswire.com/news-releases/child-resistant-bottles-market-in-north-america-to-advance-at-cagr-of-5-9-during-2020---2030--observes-tmr-study-301496992.htmlย
https://www.prnewswire.com/news-releases/airships-market-to-advance-at-cagr-of-6-50-during-20212031--says-tmr-301498790.htmlย
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
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๐๐ฏ๐ผ๐๐ ๐จ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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