Global Outdoor Fire Pits Market, By Type (Wood Burning Fire Pits, Propane Fire Pits, Gel Fuel Fire Pits, and Natural Gas Fire Pits), By Application (Home use, and Commercial) And Opportunities And Forecast 2023-2030.

Outdoor Fire Pits Market Overview

The Outdoor Fire Pits market is experiencing significant growth owing to the rising demand and consumer expenditure on outdoor fire pits is significantly contributing the market growth. Rising consumer expenditure on creating a pleasant outdoor ambiance in both developed and developing countries is expected to boost the sale of fire pits at the global level.

Some of the factors that are expected to have a positive impact on segment growth include the availability of a diverse range of products offered by various brands, as well as the ability to compare prices and product attributes.

On the other hand, the high cost of gas fire table is likely to hamper the global Outdoor Fire Pits market during the forecast period.

Covid-19 Impact on Outdoor Fire Pits Market:

The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in many countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.

Outdoor Fire Pits Market Segment Overview

Based on Type, the market is segmented into Wood Burning Fire Pits, Propane Fire Pits, Gel Fuel Fire Pits, and Natural Gas Fire Pits. The wood burning fire pits segment is expected to dominate the global market in 2020. Natural Gas Fire Pits segment is expected to grow at the highest CAGR over the forecast period of 2020-2027.

Based on application, the global Outdoor Fire Pits market is segmented into Home use, and Commercial. In 2019, the home use segment accounted for the highest market share and also expected to grow at the highest CAGR over the forecast period of 2020-2027.

Market Analysis, Insights, and Forecast – By Type

·       Wood Burning Fire Pits
·       Propane Fire Pits
·       Gel Fuel Fire Pits
·       Natural Gas Fire Pits

Market Analysis, Insights, and Forecast – By Application

·       Home use
·       Commercial

Outdoor Fire Pits Market Regional Overview

The regional analysis includes the adoption of outdoor fire pits products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA).  North America holds the highest market share in the global outdoor fire pits market in 2020. Asia-Pacific is expected to grow at the highest CAGR in the global Outdoor Fire Pits market over the forecast period of 2020-2027. Asia Pacific outdoor fire pits market is having an increasing demand and progressing trend for many end-use applications. Furthermore, increasing demand for fire pits for home use majorly drives market expansion. Rapid growth of population, along with rising industries and increase in disposable income, has increased the consumption of consumer & home appliances in the Asia Pacific region.

Outdoor Fire Pits Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Outdoor Fire Pits Market Competitor overview

Some key developments and strategies adopted by manufacturers in Outdoor Fire Pits are highlighted below.

·       In January 2021, HPC Fire Inspired™ expanded to larger building. This new building will allow company to handle the growing backlog and demands of customers, under one roof. By maximizing the new location’s operations layout, the company will be able to streamline and be as efficient as possible. 

Outdoor Fire Pits Market, Key Players

·       Hearth Products Controls Company (HPC)
·       Warming Trends
·       Designing Fire
·       Buck Stove
·       Galaxy Outdoor
·       FirepitsUK
·       American Fire Glass
·       Acucraft
·       Iron Embers
·       Woodbridge Fireplace