Press release
Outdoor Heating Market: Enthralling CAGR of 5.9% to 6.6%, Market Growth Drivers, and Prominent Trends
Outdoor Heating Market Size
What Is The Projected Market Size Of The Global Outdoor Heating Market And Its Growth Rate?
The global outdoor heating market forecasts impressive growth in the forthcoming years:
•The market grew from $4.02 billion in 2024 to $4.26 billion in 2025, marking a CAGR of 5.9%
•The growth is driven by factors like the rise of outdoor living spaces, increasing popularity of outdoor entertainment, demand in the hospitality industry, and home improvement trends
•The market is expected to reach $5.5 billion in 2029, growing at a CAGR of 6.6%
•The forecasted growth owes to the appeal of home outdoor comfort, increase in outdoor dining preferences, recovery of the hospitality industry, and urbanization
What Is Driving The Growth In The Outdoor Heating Market?
The increasing adoption of electric heaters is primarily driving the growth of the outdoor heating market. Electric heaters are known for their safety, efficiency, and long-lasting heat production, making them a popular choice among consumers. For instance, the sale of electric heaters in Germany has seen a significant increase of 76% in January-August 2022 compared to the same period the previous year.
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Who Are the Key Players Driving Outdoor Heating Market Growth?
The key players contributing to the growth of the outdoor heating market include
•Rinnai Corporation
•Tansun Corporation
•Bond Manufacturing Co
•Blue Rhino Enterprises LLC
•Schwank Ltd.
•Infrared Dynamics Inc.
•Lynx Grills Inc.
•Bromic Heating Ltd.
And many more.
What Are The Key Trends In The Outdoor Heating Market?
The market sees the following critical trends:
•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
What Are The Segments Of The Global Outdoor Heating Market?
The outdoor heating market consists of the following segments:
•By Types: Portable, Standalone Heaters, Tabletop, Mountable
•By Fuel Type: Electric, Gas or Propane, Wood and Solid Fuel
•By Applications: Restaurant Patios, Rooftop Decks, Transit Shelters, Public Spaces
•By End-User: Residential, Commercial
Which Region Leads The Outdoor Heating Market?
North America held the largest share of the outdoor heating market in 2024. Factors such as growth in outdoor living spaces, increasing popularity of outdoor entertainment, cement the robust dominance of North America in the global outdoor heating market.
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What Is Covered In The Outdoor Heating Market Global Market Report?
•Market Size Analysis: Analyze the Outdoor Heating Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Outdoor Heating Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Outdoor Heating Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Outdoor Heating Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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