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The market trends and analysis report provides a comprehensive analysis of key factors driving market growth, such as the growing popularity of outdoor living spaces for entertainment and relaxation and the increasing adoption of eco-friendly and sustainable fire pits. However, the market faces challenges due to intense competition from alternative outdoor heating options. Despite these challenges, the report highlights the potential for growth in the market, especially with the rising consumer interest in creating eco-friendly and sustainable outdoor environments. The report emphasizes the need for market players to innovate and differentiate their products to stay competitive in the market.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
American Fyre Designs: The company offers fire pits such as 48 Round Louvre fire pit, 72x30 Louvre long rectangle, and 56x30 Louvre rectangle.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
B-ROOKIE FIREPITS, Fire Pit Art, Galaxy Outdoor, Garden Joy, GHP Group Inc., LANDMANN Germany GmbH, Otto GmbH and Co. KG, Paloform, Patina Products, Prism hardscapes, S and S Fire Pits, Solo Brands Inc., The Outdoor GreatRoom Co., Thor Industries Inc., Timothy Addison Ross Ltd., Warming Trends LLC, Well Traveled Living, Grand Patio, and KingSo
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the market, consumers seek to enhance their indoor ambiance or outdoor recreation experiences with various options like the woodburning segment, propane segment, and classic fire pit segment. Whether for hiking or camping, the allure of flames and the cozy atmosphere of a campfire draw in campers and outdoor enthusiasts. Real estate firms recognize the value of outdoor spaces equipped with features like gas-powered fire pits for gatherings and relaxation. Concerns about smoke and debris are mitigated with gas burners and metal fireplaces, offering a campfire-like ambiance without the drawbacks. From tabletop fire pit segment to free-standing chiminea fires, the market caters to diverse preferences, complemented by options for outdoor lighting to complete the retreat experience. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
An increase in outdoor living spaces for entertainment and relaxation is notably driving the market. The global market is on a steady growth trajectory driven by the increasing demand for outdoor living spaces focused on outdoor leisure and entertainment experiences. Factors such as changing lifestyles, rising disposable incomes, and a heightened appreciation for open-air settings contribute to this trend. Manufacturers respond with new and innovative fire pit designs that cater to diverse consumer styles and preferences.
A significant growth catalyst is the emphasis on external living spaces, fueled by a health-conscious population seeking outdoor activities. Homeowners are investing in backyard renovations featuring fire pits as focal points. Companies like Tropitone Furniture offer versatile products like external fire pit tables, enhancing the appeal of family gatherings and barbecues. The market growth is further propelled by a heightened focus on home decor through outdoor heating devices and e-commerce platforms. Hence, such factors are driving the market during the forecast period.
The rise in adoption of eco-friendly and sustainable fire pits is an emerging trend in the market. The global market has witnessed a significant shift toward eco-friendly and sustainable fire place in recent years. In addition, this trend has been driven by a growing awareness of the harmful environmental impact of traditional fire place, as well as the demand for more sustainable and responsible products by consumers. Furthermore, one of the main drivers of this trend is the increasing availability and affordability of eco-friendly materials and technologies.
For instance, many fire pit manufacturers are now using recycled steel or aluminum to produce their products, which not only reduces the need for new raw materials but also cuts down on carbon emissions and waste generated during manufacturing. In addition, some companies are using sustainable fuels such as biochar or wood pellets instead of traditional firewood, which reduces the environmental impact of using fire place. Hence, such factors are driving the market during the forecast period.
High competition from alternative outdoor heating options hinders the market. As consumers are looking for diverse and innovative solutions for external comfort and ambiance, a broad range of alternatives to traditional fireplaces have emerged, including patio heaters, external fireplaces, and electric heating systems. In addition, these alternatives offer different features and benefits that cater to specific preferences and needs, posing competitive pressures on the market.
Moreover, patio heaters, for example, provide efficient and directional heat output, making them well-suited for dining areas and commercial spaces where targeted heating is desired. In addition, external fireplaces offer a more permanent and visually striking heating solution that can serve as a focal point for external living spaces, appealing to homeowners seeking a distinctive and customizable ambiance. Hence, such factors are hindering the market during the forecast period.
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In the market, consumers are increasingly drawn to options that enhance their outdoor space and provide a cozy hearth experience. Real estate firm recognize the value of integrating features like metal fireplace and tabletop fire pit segments into properties to appeal to buyers seeking opportunities for exploration and outdoor living. These offerings cater to a desire for ambiance and functionality in outdoor settings.
The residential segment is estimated to witness significant growth during the forecast period. The residential segment in the global market is witnessing significant growth owing to the growing trend of living spaces and increasing urbanization. In addition, fire place are considered an attractive amenity for external living areas and have become an essential part of residential setups. Moreover, increasing disposable income and changing consumer preferences for outdoor living spaces have accelerated the demand for fireplaces in the residential segment. The residential segment was the largest and was valued at USD 4.60 billion in 2018. Moreover, consumers are increasingly looking for comfortable and cozy external spaces, and fire place have emerged as a popular option among them. In addition, the residential segment includes houses, apartments, and villas and is expected to continue to grow at a steady pace in the upcoming years. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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Based on the type, the market has been segmented into wood-burning fire pits, gas fire pits, and others. The wood-burning fire pits segment will account for the largest share of this segment.
North America is estimated to contribute 39% during the forecast period.
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in North America is experiencing robust growth, fuelled by various factors that reflect the strong lifestyle and culture of the region. In addition, as homeowners increasingly prioritize living spaces, fire pits have become a staple feature in backyards, patios, and such entertainment areas across the continent. Moreover, the versatility of fire pits, which can serve as both functional heating sources and aesthetic focal points, appeals to consumers seeking to create inviting and cozy outdoor environments for gatherings, relaxation, and socializing.
Furthermore, the popularity of such entertaining, including backyard barbecues, parties, and gatherings, has further propelled the demand for fire pits as essential amenities for enhancing the overall external experience. In addition, the growing trend toward staycations and external leisure activities has contributed to the rise in demand for portable and versatile fire pit options that can be easily transported and used in various settings, from camping trips to beach outings. Hence, such factors are driving the market in North America during the forecast period.
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In the market, both the outdoor and indoor segments are experiencing significant growth, driven by diverse consumer preferences and lifestyle choices. Outdoor lovers seek the rustic charm of wood-burning and charcoal options like classic fire pits and fire pit bowls, perfect for camping sites and open porches. Meanwhile, the B2B segment caters to commercial organizations looking to enhance their spaces with fireplaces and heating appliances, ideal for outdoor gatherings and events. Whether it's a cozy evening by the fire or entertaining guests in outdoor dining spaces, fire pits offer versatility and ambiance.
Further, in the market, the demand for outdoor ambiance is driving innovation in both wood-burning and gas fire pit options. Adventure enthusiasts returning from mountaineering or cycling expeditions seek the warmth of outdoor fireplaces or fire tables in their lawns or backyards, creating inviting spaces for relaxation and socializing with family and friends.
Additionally, the B2C segment offers a range of choices, from traditional wood-burning fire pits to modern tabletop fire pits fueled by ethanol or gel, catering to diverse consumer preferences. Whether it's enjoying the crackle of wood and the dance of sparks in the wood-burning sector or the convenience of a gas fire pit on an open porch, fire pits enhance outdoor living experiences with their ethereal ambiance and charming glow. Additionally, options like fire glass add a touch of elegance to swimming pool areas, making every outdoor gathering memorable
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Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2023 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.94% |
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Market Growth 2024-2028 |
USD 2.97 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.24 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, Canada, China, Germany, and the UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
American Fyre Designs, B-ROOKIE FIREPITS, Fire Pit Art, Galaxy Outdoor, Garden Joy, GHP Group Inc., LANDMANN Germany GmbH, Otto GmbH and Co. KG, Paloform, Patina Products, Prism hardscapes, S and S Fire Pits, Solo Brands Inc., The Outdoor GreatRoom Co., Thor Industries Inc., Timothy Addison Ross Ltd., Warming Trends LLC, Well Traveled Living, Grand Patio, and KingSo |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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