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Fire Pits Market worth $11.29 billion by 2030, growing at a CAGR of 6.95% - Exclusive Report by 360iResearch
Fire Pits Market | 360iResearch
The Global Fire Pits Market to grow from USD 7.05 billion in 2023 to USD 11.29 billion by 2030, at a CAGR of 6.95%.
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The fire pit market comprises entities that design, manufacture, and sell outdoor fire pits and related accessories. This market caters to residential, commercial, and recreational applications, enabling consumers to experience outdoor warmth, cooking, and aesthetic enhancements. Its scope encompasses a variety of products, including wood-burning, gas-powered, and electric fire pits, each tailored to different usage scenarios and customer preferences. Fire pits serve multiple purposes across diverse sectors. In residential settings, they are primarily used for leisure, entertainment, and home decor, enhancing outdoor living spaces. Commercially, fire pits are incorporated into the outdoor areas of restaurants, hotels, and resorts to provide ambiance and comfort to guests. Recreationally, portable fire pits are favored for camping, beach outings, and tailgating, offering a source of heat and light. The versatility in design, size, and fuel types allows various end-uses to adapt to various consumer needs. Growth in the fire pit market is driven by several key factors, including expanding the trend of building comfortable and functional outdoor living areas, increasing disposable income allowing more consumers to invest in outdoor home improvement projects, and growing commercial establishments incorporating fire pits to enhance the ambiance. However, concerns associated with seasonal demand and issues regarding varying regional regulations regarding open flames in residential areas. On the other hand, the development of eco-friendly and energy-efficient fire pit models and exploring smart fire pits integrated with IoT for enhanced safety features and user convenience opens new avenues for the fire pit market.
In North America, particularly in the United States and Canada, the demand for fire pits is notably driven by the consumer desire for backyard aesthetics and entertainment. The trend towards creating comfortable and functional outdoor living spaces has surged. Consumers lean towards portable, multifunctional fire pits, showing a growing interest in eco-friendly and smokeless options. In South America, the fire pit market is emerging, with Brazil and Argentina showing the most significant growth. The demand in this region is driven by the rising middle class and an increasing interest in outdoor living. Europe exhibits a diverse market landscape for fire pits, with the Northern countries displaying a higher demand due to cooler climates and a robust culture of outdoor living. The UK, Germany, and the Nordic countries are the major markets, with a notable preference for eco-friendly and innovative designs. In the Middle East, luxury outdoor living spaces are a significant trend, driving demand for high-end, custom-designed fire pits. Africa's market, while still emerging, shows potential with a focus on basic, functional fire pits. Initiatives to introduce eco-friendly and cost-effective fire pit solutions are gaining attention. The APAC region is witnessing a burgeoning demand for fire pits, particularly in countries such as Australia, Japan, and South Korea. Australia is at the forefront of the region, with a strong outdoor living and barbeque culture. The colder regions in Japan and South Korea are exploring the use of fire pits for outdoor heating.
Market Segmentation & Coverage:
This research report categorizes the Fire Pits Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Fuel Type, market is studied across Charcoal Fire Pits, Electric Fire Pits, Natural Gas Fire Pits, Propane Fire Pits, and Wood Burning Fire Pits. The Propane Fire Pits is projected to witness significant market share during forecast period.
Based on Type, market is studied across Chiminea, Fire Pit Bowls, Fire Tables, and Tabletop Fire Pits. The Tabletop Fire Pits is projected to witness significant market share during forecast period.
Based on Shape, market is studied across Rectangular and Round. The Rectangular is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Direct Manufacturer Sale, Home Improvement Stores, Online Retailers, and Specialty Outdoor Furniture Stores. The Online Retailers is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial Spaces and Residential Settings. The Residential Settings is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.47% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fire Pits Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fire Pits Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fire Pits Market, highlighting leading vendors and their innovative profiles. These include Airxcel, Inc., AK-47 S.r.l., American Fyre Designs, AZ Patio Heaters, Balkene Home, Best Choice Products, Inc., Blue Rhino, Coulee Outdoor, Crate and Barrel, FMI Brands Inc., GHP Group Inc., Heininger Holdings, LLC, Higley Fire Pit Liners, KingSo, LANDMANN USA INC., Mr. Bar-B-Q Products LLC, Paloform, Real Flame Company Inc., Solo Brands, LLC, SunjoyGroup, The Fire Company Pty Ltd., The Outdoor GreatRoom Company, Timothy Addison Ross Ltd., Wolf Steel LTD., Yahee Technologies Corp., and Yard Couture.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fire Pits Market, by Fuel Type
7. Fire Pits Market, by Type
8. Fire Pits Market, by Shape
9. Fire Pits Market, by Sales Channel
10. Fire Pits Market, by End-Use
11. Americas Fire Pits Market
12. Asia-Pacific Fire Pits Market
13. Europe, Middle East & Africa Fire Pits Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fire Pits Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fire Pits Market?
3. What is the competitive strategic window for opportunities in the Fire Pits Market?
4. What are the technology trends and regulatory frameworks in the Fire Pits Market?
5. What is the market share of the leading vendors in the Fire Pits Market?
6. What modes and strategic moves are considered suitable for entering the Fire Pits Market?
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