What is Global Fire Pits Market?
The Global Fire Pits Market is a fascinating and dynamic sector that has seen significant growth in recent years. This market encompasses a variety of fire pits, which are outdoor decorations that provide warmth and ambiance. They are often used in backyards, patios, and outdoor living spaces, and are popular for their aesthetic appeal and functionality. The global market for fire pits was valued at a substantial US$ 615.5 million in 2023, and it is projected to more than double by 2030, reaching an impressive US$ 1155.3 million. This growth is driven by a variety of factors, including increasing consumer interest in outdoor living and entertaining, as well as advancements in fire pit technology and design.
Wood Burning Fire Pits, Gas Fire Pits, Others in the Global Fire Pits Market:
The Global Fire Pits Market is segmented into several categories based on the type of fire pit. These include Wood Burning Fire Pits, Gas Fire Pits, and Others. Wood Burning Fire Pits are traditional fire pits that use logs or other forms of wood as fuel. They are popular for their rustic appeal and the authentic, crackling fire they produce. Gas Fire Pits, on the other hand, use propane or natural gas as fuel. They are known for their convenience and ease of use, as they can be turned on and off with the flip of a switch. Other types of fire pits include those that use alternative fuels, such as bioethanol, and those that incorporate innovative features, such as fire glass or decorative stones. Each type of fire pit has its own unique advantages and appeals to different consumer preferences.
Residential, Commercial in the Global Fire Pits Market:
The Global Fire Pits Market serves a variety of applications, with the primary ones being Residential and Commercial. In the Residential sector, fire pits are commonly used in homes for outdoor entertaining and relaxation. They can be a focal point of a patio or backyard, providing a cozy and inviting atmosphere for gatherings of family and friends. In the Commercial sector, fire pits are often used in settings such as restaurants, hotels, and resorts. They can enhance the ambiance of outdoor dining areas, provide warmth for guests in cooler weather, and serve as an attractive feature that sets a business apart from its competitors. The versatility and appeal of fire pits make them a popular choice in both residential and commercial settings.
Global Fire Pits Market Outlook:
Looking at the market outlook, the Global Fire Pits Market is set for substantial growth. In 2023, the market was valued at US$ 615.5 million, and it is projected to nearly double by 2030, reaching US$ 1155.3 million. This represents a compound annual growth rate (CAGR) of 9.3% during the forecast period from 2024 to 2030. The market is dominated by the top five players, who collectively account for approximately 34% of the total market. Geographically, North America is the largest market for fire pits, accounting for about 58% of the global market. This is followed by Asia Pacific and Europe. In terms of type, Wood Burning Fire Pits are the largest segment, holding a market share of about 52%.
| Report Metric | Details |
| Report Name | Fire Pits Market |
| Accounted market size in 2023 | US$ 615.5 million |
| Forecasted market size in 2030 | US$ 1155.3 million |
| CAGR | 9.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Patina Products, Crate and Barrel, Airxcel, Endless Summer, Outdoor GreatRoom, Bond Manufacturing, TACKLIFE, GHP Group, Landmann, Best Choice Products, AmazonBasics, YAHEETECH, American Fyre Designs, Frepits UK, Fire Sense, ZheJiang Yayi, Designing Fire, Mr. Bar-B-Q, Camplux Machinery and Electric, Jiangsu Gardensun Furnace Co.Ltd, Shinerich Industrial |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
