Press release
Outdoor Heating Market Raising Challenges, Opportunities, Top Trends And Forecast 2024-2033
Outdoor Heating Market Opportunities
Outdoor Heating Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.28 billion In 2028 At A CAGR Of 6.6% :
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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Outdoor Heating Market Major Segments
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
Key Driver - Growing Demand For Outdoor Heating Fueled By Consumer Adoption Of Electric Heaters
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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Prominent Trend - Outdoor Heating Market Sees Surge In Product Innovations
Product innovation is a key trend that is gaining popularity in the outdoor heating market. Major companies operating in the market are focused on research and development for product innovations to gain a competitive edge in the market. For instance, in October 2022, Nexgrill, a US-based designer and manufacturer of outdoor living products introduced a new line of patio heaters. The Nexgrill Patio Heater produces up to 48,000 Btu of heating energy from a typical 20-pound propane tank, quickly alleviating chilly evenings and enabling year-round outdoor living. The patio heater is instantly lit by the battery-operated electrical ignition, producing quick heat. Users can deliver the ideal quantity of heat by adjusting the temperature with the control knob. Built-in caster wheels make it simple to move the heater when it's not in use, freeing up deck or patio space in the process. Along with the cozy, inviting glow of a natural flame, the heater's stainless-steel structure and finish make it a beautiful addition to an outdoor location.
Outdoor Heating 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the outdoor heating market share in 2023. The regions covered in the outdoor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Outdoor Heating Market Report Structure
3. Outdoor Heating Market Trends And Strategies
4. Outdoor Heating Market - Macro Economic Scenario
5. Outdoor Heating Market Size And Growth
…..
27. Outdoor Heating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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