The global fire pits products market was valued at USD 11.9 billion in 2022 and is expected to expand at a CAGR of 6.2% from 2023 to 2030. Fire pits have become popular among consumers due to the aesthetic appeal, convenience, and versatility they bring. People are increasingly opting for fire pits as a way to add a touch of ambiance and warmth to their outdoor living spaces. Furthermore, the rising number of camping and recreational activities is driving the demand for fire pits.

The growing trend of outdoor living is a major factor driving the market. Fire pits are an easy and economical way to create a focal point in a garden. People are increasingly opting for these products as they can be used as a place to gather and socialize. Furthermore, the growing popularity of smokeless fire pits is also driving the market. Smokeless fire pits are gaining popularity due to their clean burning and low emissions.

Manufacturers are increasingly focusing on product innovation to meet the growing demand for fire pits. For instance, in January 2022, Flame Genie launched its new Portable Fire Pit, which is designed to be lighter and more compact, making it easier to transport and store. The company also claims that the Portable Fire Pit produces less smoke than traditional fire pits.

In addition, the growing trend of outdoor entertaining is driving the demand for fire pits. People are increasingly using these products to entertain their guests outdoors. For instance, in August 2021, Camp Chef launched its new Woodwind Pellet Grill and Fire Pit, which combines the convenience of a wood pellet grill with the warmth and beauty of a fire pit. The product is designed to provide a more efficient, even heat than traditional fire pits.

The growing popularity of fire pits among hotels and resorts is also driving the market. Hotels and resorts are increasingly using fire pits to create an inviting atmosphere for their guests. For instance, in October 2021, the Thompson Hotel opened its new outdoor space, which features a custom-built fire pit, designed to provide guests with a cozy outdoor experience.

The growing trend of fire pits for commercial use is also driving the market. Companies are increasingly using fire pits in their outdoor spaces to create a more welcoming atmosphere for their customers. For instance, in March 2022, Starbucks announced the launch of its new outdoor lounge, which features a custom-built fire pit. The fire pit is designed to provide a warm and inviting atmosphere for customers.

The wood burning fire pits segment held the largest market share of 68.2% in 2020 and is expected to maintain its dominance throughout the forecast period. The increasing demand for wood burning fire pits is mainly due to their low cost and easy availability of wood. Furthermore, the rising trend of outdoor living and increasing adoption of these fire pits as a decorative piece of furniture, owing to their aesthetic value is driving the market growth.

The gas fire pits segment is expected to witness the fastest CAGR of 10.6% from 2021 to 2027. Increasing awareness regarding the convenience, safety, and efficiency of gas fire pits is driving the demand for these products. In addition, the rising trend of outdoor living, especially in North America and Europe, and the availability of various sizes and shapes of fire pits are further contributing to the growth of this segment.

The retail stores segment is expected to hold the largest share of the fire pits products market in 2022. Retail stores are the traditional and most preferred distribution channel for the sale of fire pits products. A major reason for this is that consumers prefer to purchase fire pits products after inspecting the product and assessing its quality. Also, consumers can opt for a product of their choice and get a detailed description of its features and benefits from the store staff. Moreover, the presence of a wide product range, discounts and offers, and convenient payment options further contribute to the preference of retail stores.

The online stores segment is anticipated to expand at the highest CAGR over the forecast period. The growth of the segment is mainly attributed to the growing penetration of internet and smartphones. In addition, the emergence of online marketplaces, such as Amazon and eBay, has made it easier for consumers to purchase fire pits products online. Furthermore, the availability of convenient payment options and discounts offered by online stores is expected to fuel the growth of the segment.

The portable fire pits segment is expected to dominate the market and is projected to register a CAGR of 8.2% during the forecast period. Portable fire pits offer convenient transportation and relatively quick setup for users. These fire pits are available in various shapes and sizes, with some featuring wheels for easy movement. Furthermore, the increasing availability of modern fire pits with advanced features such as adjustable flame, adjustable flame height, and temperature control is resulting in increased demand.

The permanent fire pits segment is expected to grow at a significant CAGR of 11.3% during the forecast period. Permanent fire pits are installed in a fixed location and are not easily movable. These fire pits are mainly used in residential and commercial buildings, restaurants, and bars to create a warm and inviting atmosphere. The increasing demand for permanent fire pits in outdoor spaces is likely to propel the growth of this segment in the coming years.

North America dominated the market and accounted for the largest revenue share of over 35.5% in 2022. Rising demand from countries such as the U.S. and Canada is one of the major factors driving the growth of the market in this region. An increasing preference for outdoor living and the growing popularity of outdoor fireplaces and fire pits are driving the demand for these products. For instance, in January 2021, The Campfire Company launched high-quality, portable fire pits for outdoor spaces in the U.S.

Europe is expected to witness the second-fastest growth in the coming years. Growing inclination towards outdoor activities, such as camping and barbecuing, is expected to drive the growth of the market in the region. Moreover, the growing popularity of outdoor heating products, such as fire pits, is expected to fuel the market growth over the forecast period. For instance, in October 2021, La Hacienda launched a new range of steel fire pits in the UK.

In this part of the fire pits products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the fire pits business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main sources of revenues for a fire pits products business come from online sales, retail store sales, wholesale distributions, and advertising. Here you will find a list with a description of each of them and other possible sources of profit such as fundraising, the sale of merchandise, and leasing the place for parties and corporate events.

Projecting Expenses
In this section, all the regular expenses related to keeping the fire pits business running will be described. The list of operating expenses includes inventory, wages, maintenance and repairs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the fire pits market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Hearth Products Controls (HPC) launched their new Firegear Outdoors line of fire pits, which includes the ‘Manhattan’ and ‘Monterey’ fire pits.

– In August 2022, Napoleon Fireplaces launched their new line of fire pits, which includes the ‘Deluxe’ and ‘Deluxe Plus’ fire pits.

– In October 2022, Uniflame Corporation launched their new line of fire pits, which includes the ‘Grand Colonial’ and ‘Americana’ fire pits.

Some of the prominent players in the fire pits market include:

– Hearth Products Controls (HPC)
– Napoleon Fireplaces
– Uniflame Corporation
– Outland Living
– Endless Summer
– Fire Sense
– Firegear Outdoors
– Bond Manufacturing
– AZ Patio Heaters
– The Outdoor Great Room Company

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global fire pits market based on product, fuel type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Wood Fire Pits
– Gas Fire Pits
– Gel Fuel Fire Pits

2. Fuel Type Outlook (Revenue, USD Million, 2017 – 2030)

– Wood
– Natural Gas
– Propane
– Gel Fuel

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Players in the Fire Pits Market?
[A]: Some of the key players in the fire pits market are The Outdoor GreatRoom Company, The Hearth Products Group, Landmann, Endless Summer, Uniflame, and Napoleon Fireplaces.

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is playing a major role in the success of fire pits products. Manufacturers are introducing new designs, features, and fuel sources such as wood, propane, natural gas, and ethanol. This is driving the demand for fire pits products as consumers look for products that offer convenience and unique designs.

[Q]: What Are The Factors Driving The Fire Pits Market?
[A]: Factors such as the growing popularity of outdoor living, changing lifestyle trends, and rising disposable incomes are driving the growth of the fire pits market. Additionally, the rising demand for easy-to-install and portable fire pits is further propelling the market growth.

[Q]: What Regions Offer The Largest Opportunity for Sales of Fire Pits Products?
[A]: North America is expected to be the most lucrative region for fire pits products. This is due to the presence of a large number of consumers in the region and their preference for outdoor living. Additionally, the increasing popularity of fire pits products is also driving the demand in the region.

[Q]: What Are The Major Challenges Facing The Fire Pits Market?
[A]: The major challenges facing the fire pits market are the high cost of installation and the lack of awareness about the safety precautions that need to be taken while using fire pits. Additionally, the increasing competition from alternative heating options such as gas and electric heating systems is also limiting the market growth.