Global Fire Pits Market 2022 Analysis May Set New Growth Story Forecast to 2028

The global fire pit market is anticipated to grow at a CAGR of 2.9% during the forecast period (2022-2028). A fire pit is a pit dug into the ground or made of stones, bricks, or metals that are used to contain the fire in one place. The major factor attributing to the growth of the global fire pit market is the increasing installation of fire pits in newly constructed houses due to increasing investment in construction & infrastructure across the globe. According to the Institute of Civil Engineers (ICE), the global construction market is anticipated to reach around $8 trillion by 2030 due to the development activities of countries including the US, China, and India. Thus, increasing the demand for indoor fire pits in the house.

The sale of fire pits is also increasing as a recreational purpose due to increasing adjusted net national income per capita resulting in increased purchasing power across the globe. According to the World Bank Data statistics, the adjusted net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019.

Some major players in the market include Patina Products, Crate & Barrel, Airxcel Inc., Fire Sense, Amazon.com Inc., and The Outdoor Greatroom Co., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Costo, a supermarket brand started selling outdoor fire pits made of vine barrels. The new fire pits will enhance the look of the backyard of the house.

Competitive Landscape-

Patina Products, Crate & Barrel, Airxcel Inc., Fire Sense, Amazon.com Inc., The Outdoor Greatroom Co., among others.

By Type

Wood Burning Fire Pit

Propane Fire Pit

Gel-Fueled Fire Pit

By Category

Indoor

Outdoor

By Application

Household

Commercial

Scope of the Report
The research study analyzes the Global Fire Pits industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Fire Pits Market Report
1. What was the Global Fire Pits Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Fire Pits Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Fire Pits Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Fire Pits market.
• The market share of the Global Fire Pits market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Fire Pits market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Fire Pits market.