PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509267
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509267
Global Fire Pits Market to Reach US$9.6 Billion by 2030
The global market for Fire Pits estimated at US$7.0 Billion in the year 2023, is expected to reach US$9.6 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Wood Burning Fire Pits, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$4.5 Billion by the end of the analysis period. Growth in the Gas Fire Pits segment is estimated at 4.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 7.4% CAGR
The Fire Pits market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
Fire Pits - Key Trends and Drivers
Fire pits are outdoor structures or installations designed to contain and manage fire used for warmth, cooking, and as a visual and social focal point. They vary widely in design, from simple metal bowls to elaborate, custom-built features integrated into landscape architecture. Materials commonly used in fire pit construction include metal, stone, concrete, and brick, each offering different aesthetic and functional benefits to suit various outdoor decors and usability requirements. The versatility of fire pits has made them popular features in backyards, gardens, patios, and other outdoor spaces, especially in regions experiencing cooler climates where they can extend the usability of outdoor areas into the colder months.
The market for fire pits has expanded as manufacturers innovate to meet consumer demand for convenience and safety while enhancing the aesthetic appeal of their products. Modern fire pits often incorporate gas-burning technology, which provides clean, smokeless fires without the need for constant feeding and tending of wood. This convenience has appealed to urban users who desire the ambiance of a fire without the maintenance and mess associated with traditional wood-burning fire pits. Additionally, portable designs have become increasingly popular, allowing users to reposition their fire pits as needed, catering to the dynamic nature of modern outdoor living and entertainment. Safety features, such as spark guards and automatic shut-off capabilities, have also been pivotal in making fire pits more user-friendly and compliant with residential fire safety regulations.
The growth in the fire pit market is driven by several factors, including increased interest in outdoor living and home improvement. As homeowners look to enhance their outdoor spaces, fire pits have become a key element in garden and patio designs, promoting a cozy and inviting atmosphere. Economic factors, such as the increase in home equity loans and discretionary spending, have allowed consumers to invest more in home landscaping and luxury outdoor features. Additionally, the rise of "staycations" due to travel restrictions and safety concerns in recent years has boosted investments in making home environments more enjoyable, with fire pits providing an appealing option for those looking to create a vacation-like setting at home. Consumer preferences for eco-friendly and energy-efficient solutions have also influenced product innovation, leading to the adoption of cleaner fuels and efficient burning technologies that align with environmental standards and consumer values, ensuring sustained growth in this dynamic market.
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