Outdoor Fire Pits Market Size, Competitors Strategy, and Industry Growth | IMR
Outdoor Fire Pits Market size is projected to reach USD 232.57 Million by 2028 from an estimated USD 184.04 Million in 2021, growing at a CAGR of 3.4% globally.
Mac Watson
The market for outdoor fire pits is becoming more popular because of the increasing need for outdoor living spaces and entertainment areas. Fire pits are both practical and visually pleasing additions to patios, gardens, and outdoor lounges, offering warmth and creating a cozy atmosphere. Sales of outdoor furniture and accessories like fire pits are on the rise as consumers are putting more money into home improvement projects, especially following the pandemic. The market provides various products such as wood-burning, propane, and natural gas fire pits to meet the needs of different consumers. Obstacles consist of regulations regarding emissions and safety issues. Yet, there are chances for manufacturers to create new eco-friendly designs and portable, easy-to-install products.
Top Key Players Covered in The Outdoor Fire Pits Market
· Frepits UK
· Designing Fire
· Warming Trends
· Hearth Products Controls (HPC)
· Galaxy Outdoor
· Buck Stove and other major players.
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Introspective Market Research Pvt Ltd is pleased to announce the release of its in-depth market research report on the Outdoor Fire Pits Market. The report provides valuable insights into market dynamics, trends, and regional influences, making it an essential resource for industry stakeholders and decision-makers. Our report leverages a rigorous research methodology to analyze complex data and present it in an easily comprehensible format. The report covers various aspects of the Outdoor Fire Pits market, including Porter's analysis, PESTEL analysis, market segments, competitive analysis, and more.
Drivers:
Growing consumer interest in outdoor living spaces and the trend of home improvement and backyard renovations are fueling the Outdoor Fire Pits Market. With individuals staying indoors more frequently, particularly due to the pandemic, there has been a sharp rise in the need for outdoor furniture and accessories that improve comfort and atmosphere. The increasing popularity of fire pits as a central feature for social events, in addition to their flexibility in different styles and materials, is also driving market expansion. Moreover, the increasing popularity of environmentally friendly and easily transportable fire pits is also driving up the demand.
Segmentation Analysis Of The Outdoor Fire Pits Market
By Type
· Wood Burning Fire Pits
· Propane Fire Pits
· Gel Fuel Fire Pits
· Natural Gas Fire Pits
By Application
· Home Use
· Commercial
Opportunity:
Expanding the market can be achieved by offering sustainable and energy-efficient designs like solar-powered fire pits and smoke-reducing models. Manufacturers can take advantage of the increasing desire for personalized products by providing modular fire pit designs that suit varied consumer tastes. In emerging markets, there is substantial growth potential as outdoor living trends start to become popular, particularly in regions with favorable weather conditions.
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Finally, this Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
The Study Objectives are:
· A comprehensive insight into key players operating in the Outdoor Fire Pits Market and their corresponding data.
· It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
· Regional analysis, which includes insight into the dominant market and corresponding market share.
· It also includes various socio-economic factors affecting the evolution of the market in the region.
· The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
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