IMARC Group's latest research report, titled "Fire Pits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the fire pits market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global fire pits market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.12% during 2024-2032.
Fire Pits Market Trends:
The global market is primarily driven by the rising popularity of outdoor activities and staycations. Additionally, the growing trend of home improvement and backyard renovation projects as homeowners seek to enhance the aesthetic appeal and functionality of their outdoor areas, is further fueling market growth. In line with this, the increasing availability of a wide range of customizable and portable fire pit options caters to diverse consumer preferences, facilitating market expansion. Moreover, the growing adoption in commercial spaces such as hotels and restaurants for creating a warm and inviting atmosphere is another key market driver. Similarly, rising environmental consciousness, with consumers gravitating towards eco-friendly fire pits that use sustainable materials and fuel sources, is stimulating the market appeal. Besides this, the rapid integration of smart controls and safety features, is resulting in a higher product uptake.
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Fire Pits Market Scope & Growth Analysis:
The scope of the market is expanding as consumer preferences shift towards enhancing outdoor living environments, driving the demand for both residential and commercial fire pits. The market scope is characterized by a diverse product range, including wood-burning, gas, and electric fire pits, each catering to specific consumer needs and preferences. The residential segment growth is driven by the trend of outdoor living space enhancement, while the hospitality industry, where fire pits are used to create inviting outdoor spaces is also expanding the market. The growth of the market is further supported by the increasing availability of fire pits through various distribution channels, including online platforms, home improvement stores, and specialty retailers, making them accessible to a wide range of consumers. As per market analysis, the growing popularity of outdoor activities and staycations is significantly contributing to the market's expansion as consumers look for ways to enhance their home leisure experiences.
Competitive Landscape with Key Players:
- American Fyre Designs
- Balkene Home (Well Traveled Living)
- Best Choice Product Types Inc
- Crate and Barrel (Otto GmbH & Co KG)
- FirepitsUK
- GHP Group Inc
- KingSo
- Landmann
- Mr. Bar-B-Q Product Types LLC
- Paloform
- The Outdoor GreatRoom Company
- Warming Trends
Key Market Segmentation:
Breakup by Product Type:
- Wood Burning
- Propane
- Charcoal
- Gas
- Others
Breakup by Type:
- Classic Fire Pit
- Fire Table
- Fire Pit Bowls
- Tabletop Fire Pits
- Chiminea
- Others
Breakup by Sales Channel:
- B2B (Business-to-Business)
- B2C (Business-to-Consumer)
Breakup by End Use:
- Indoor
- Outdoor
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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