Global Gas Fire Pits Market - WishTree Insight

Global Gas Fire Pits Market by Product Type (Natural Gas Fire Pits and Propane Gas Fire Pits), Application (Indoor and Outdoor), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Gas Fire Pits market size was valued at USD 0.9 billion in 2022 and is expected to surpass USD 1.7 billion by 2032, expanding at a CAGR of 4.8 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing demand for outdoor living spaces and the rising disposable income of consumers worldwide.

INTRODUCTION

Gas fire pits are outdoor heating and entertaining features that use propane or natural gas as a fuel source. They come in a variety of designs, including tabletop, portable, and built-in models. They offer a convenient and clean alternative to traditional wood-burning fire pits, as they do not produce ash or smoke. They are easy to start, control, and turn off, and often have a flame control valve for adjusting the heat output. Some gas fire pits even come with additional features such as a built-in table or a lid to convert the pit into a coffee table.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for gas fire pits from the residential sector is driving the market growth.
• Growing trend among homeowners towards creating outdoor living spaces is propelling market growth.
• Rising disposable income level of consumers is expected to boost the market owing to luxurious outdoor living spaces.
• Increasing availability of affordable and easy-to-use gas fire pit designs is anticipated to boost market growth.

Scope of the Report

Market Segment Insights

The propane fire pits segment is projected to register a considerable CAGR

Based on product type, the gas fire pits market is divided into natural gas fire pits and propane gas fire pits. The propane fire pits segment is expected to expand rapidly during the forecast period owing to the growing trend of home remodeling.

The indoor segment is expected to expand at a rapid pace

Based on application, the gas fire pits market is bifurcated into indoor and outdoor. The indoor application segment is expected to expand rapidly during the forecast period owing to the growing trend of indoor relaxation and leisure activities. However, the outdoor segment is anticipated to hold a key share of the market in the coming years owing to increased use by residential consumers as an addition or substitute for traditional wood-burning devices such as fireplaces and stoves.

The Asia Pacific is anticipated to constitute a key market share

In terms of regions, the gas fire pits market is classified as APAC, Europe, North America, and LAMEA. The market of Asia pacific is expected to constitute a key share of the market during the projected period owing to increasing consumer spending on leisure goods. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to indoor and outdoor application demand.

Competitive Landscape

Key players competing in the Gas Fire Pits market are Galaxy Outdoor (U.S.); American Fire Glass (U.S.); Iron Embers (U.S.); Woodbridge Fireplace (Canada).

FAQs

How much is the market worth?

The Gas Fire Pits market size was valued at USD 0.9 billion in 2022 and is expected to surpass USD 1.7 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 4.8%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for outdoor living spaces and the rising disposable income of consumers worldwide.

What segments are covered in the Gas Fire Pits report?

The segments covered in the report are product type (natural gas fire pits and propane gas fire pits), and application (indoor and outdoor).

Mention which region is expected to hold the highest share of the Gas Fire Pits market.

The Asia Pacific region is expected to hold the highest share of the Gas Fire Pits market.

Mention the key players in the market.

Galaxy Outdoor (U.S); American Fire Glass (U.S.); Iron Embers (U.S.); Woodbridge Fireplace (Canada).