Press release
The Future of Outdoor Heating Market is Expected to Grow to $5.28 billion in 2028 at a CAGR of 6.6% in the Forecast Period 2024-2033
The Future of Outdoor Heating Market Report
The Business Research Company presents an extensive market research report on the Outdoor Heating Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The outdoor heating market size has grown strongly in recent years. It will grow from $3.83 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in outdoor living spaces, rising popularity of outdoor entertaining, hospitality industry demand, home improvement and renovation trends, climate variability and seasonal use.
The outdoor heating market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to focus on home outdoor comfort, rise in outdoor dining preferences, hospitality industry recovery, urbanization and limited indoor spaces, awareness of health and wellness outdoors. Major trends in the forecast period include integration of smart and connected features, versatile fuel options and hybrid heating systems, focus on safety features and compliance, innovations in tabletop and decorative heating, year-round outdoor living solutions.
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Key Market Players:
Major companies operating in the outdoor heating market report are Rinnai Corporation, Tansun Corporation, Bond Manufacturing Co, Blue Rhino Enterprises LLC, Schwank Ltd., Infrared Dynamics Inc., Lynx Grills Inc., Bromic Heating Ltd., Mr. Heater Corporation, Napoleon Heating & Cooling Inc., Enders Produktion GmbH, Outdoor GreatRoom Company LLC, Infralia Inc., Fire Sense Technologies Inc., Calcana Industries Ltd., Wolf Steel Ltd., Dayva International LLC, Heininger Holdings LLC, Sunheat International Inc., Sunglo Awnings & Heaters Inc., Patio Comfort LLC, AEI Corporation, EnerG+ Corporation, Lava Heat Italia LLC, patioSchwank Holdings Inc., Solaira Heaters Inc., Heatstrip Industries LLC, Infratech Systems Corporation, IR Energy Inc., Sunpak Technologies LLC, Schiller Grounds Care Inc., BioLite Innovations LLC
Market Drivers:
The adoption of electric heaters by consumers is expected to drive the growth of outdoor heating going forward. Electric heaters are electric heating appliances that use electrical energy as an input power source and transform that energy into thermal energy to warm the air or objects in a specific location. An electric heating system is used for temperature and humidity control in a building, planting in cold areas, hotels, and restaurants. Home electric heaters are safe to use, consume less electricity, and continue to produce heat for a long period after being switched off. For instance, according to Growth from Knowledge (GfK), a Germany based provider of data and intelligence to the consumer goods industry, A whopping 958,000 electric heaters have been sold in Germany since the beginning of 2022. The volume of electric heater sales in the German market has jumped by 76% in January-August 2022 over the same period a year earlier. Therefore, the adoption of electric heaters by consumers is driving the growth of the outdoor heating market.
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https://www.thebusinessresearchcompany.com/report/outdoor-heating-global-market-report
The outdoor heating market covered in this report is segmented -
1) By Types: Portable, Standalone Heaters, Tabletop, Mountable
2) By Fuel Type: Electric, Gas or Propane, Wood and Solid Fuel
3) By Applications: Restaurant Patios, Rooftop Decks, Transit Shelters, Public Spaces
4)By End-User: Residential, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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