Global Fire Pits Market Size, Share, Growth Analysis, By Product(Wood Burning, Propane), By End Use(Indoor and Outdoor) - Industry Forecast 2024-2031

Global Fire Pits Market size was valued at USD 6.90 billion in 2022 and is poised to grow from USD 7.36 billion in 2023 to USD 12.26 billion by 2031, at a CAGR of 6.6% during the forecast period (2024-2031).

Most people's primary concern with a fire pit is presumably its capacity to restrict and regulate the spread of flames. Because they create a cozy environment, these pits can be quite beneficial in evoking the feel of a campfire in the garden. This fire pit usage that promotes exploration is driving up sales from campers and outdoor enthusiasts. A fire pit can be built in any outdoor area, fulfilling the hearth's vision of a comfortable, private haven while merging in with the landscape. Properties with fire pits, outdoor fireplaces, and free-standing chiminea flames will sell 2.8 days faster than comparable houses without an outdoor fire in 2021, says a survey by real estate company Zillow.

This has been fueled by homeowners' growing desire to create an indoor atmosphere outdoors across the globe. Fire pits have therefore emerged as one of the most popular trends among homeowners wishing to modernize their outdoor living areas. Unbelievably, over 7.1 million people engaged in outdoor recreation. This will likely result in a sharp rise in the demand for fire pits for outdoor activities. The 2021 Outdoor engagement Trends Report, commissioned by the Outdoor Foundation, revealed that 53% of Americans aged 6 and over engaged in outdoor recreation at least once, marking the highest rate of engagement to date.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fire Pits Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Fire Pits Market Segmental Analysis

Fire Pits Market is segmented on the basis of product, type, end user, sale channels and region. By product, the Fire Pits Market is segmented into wood burning, propane, charcoal, gas and others. By type, Fire Pits Market is segmented into classic fire pits, fire table, fire pit bowls, tabletop fire pits, chiminea and others. By end user, the market is segmented into indoor and outdoor. By sale channels, the Fire Pits Market is segmented into B2B, B2C. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Fire Pits Market

An eye-catching and useful addition to outdoor living areas, fire pits create a cozy and welcoming ambiance that is perfect for unwinding, hosting visitors, or just spending time with loved ones. They can also improve the whole experience by acting as the center of attention for outside activities and get-togethers. The market for fire pits is predicted to increase as a result of this trend toward outdoor living areas, especially as producers keep coming up with new features and designs to meet the ever-evolving demands and preferences of customers.

Restraints in the Global Fire Pits Market

The weather has a big impact on the demand for fire pits; sales are usually strongest in the cooler months when people are more likely to spend time outside. Due to the unpredictable and difficult to estimate nature of demand, producers and merchants may experience variations in sales and revenue.

Market Trends of the Global Fire Pits Market

Gas-powered fire pits are getting more and more popular since they are less complicated to operate, require less upkeep, and produce less smoke and trash than traditional wood-burning fire pits. In response to this trend, manufacturers are creating new, enhanced-featured gas-powered fire pits.