North America Fire Pits Market Growth & Trends
The North America fire pits market size is estimated to reach USD 4.30 billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as the desire for outdoor socializing, colder climates, and the growing popularity of outdoor living spaces are driving the demand for fire pits in North America. Fire pits have become a popular trend among homeowners worldwide as they seek to upgrade their outdoor living spaces and create an indoor ambiance in outdoor environments.
The expansion of the market is driven by the increasing prevalence of outdoor recreational activities worldwide, such as camping, hiking, adventure racing, mountaineering, and cycling. The COVID-19 pandemic also sparked a rise in outdoor participation across North America, as highlighted in the 2021 Outdoor Participation Trends Report, which reported a record-breaking 53% engagement rate among Americans aged six and above in outdoor recreation during 2020.
Manufacturers are actively expanding their geographic reach and forging strategic partnerships with buyers to maximize market share. Furthermore, the launch of innovative products has an important role in their success. An example of this is Crate & Barrel's introduction of a concept store in Pasadena, California, in January 2020. The store offers customers assistance in designing rooms using 3D renderings, mood boards, floor plans, and a wide range of home decor items, including fire pits and outdoor furnishings.
According to Fixr's research on the Top Outdoor Living Trends in 2021, outdoor heaters and fireplaces are also viewed as the best options for converting outdoor areas to year-round use. In 2021, houses with outdoor fireplaces, fire pits, and free-standing chiminea fires sold 2.8 days faster than comparable houses without an outside fire, according to a report by the real estate firm Zillow. These elements are projected to fuel market expansion.
Technological developments by numerous manufacturers in the North America fire pits industry are expected to accelerate market growth over the forecast period. For example, EcoSmart Fire provides piped propane, natural gas, or their environment-friendly bioethanol fuel system for fire pits. Such measures are likely to accelerate the growth of the fire pits market over the projected period. Moreover, ethanol is an environment-friendly fuel source for outdoor and indoor fireplaces. It is also known as bioethanol, a clean-burning fuel source that does not produce soot, ash, or smoke, and is a low-maintenance and modern solution.
The demand for fire pits for open spaces in residential and commercial settings is increasing as more people now prefer a soothing and pleasant outdoor dining experience. For instance, concrete fire pits were at the top of the list for prefabricated kits, according to an article titled ‘2021 Fire Pit Trends published by Patio Creations. A concrete fire pit is among the most popular designs as it can be placed outside, which has a smooth and modern appearance.
North America Fire Pits Market Report Highlights
- Based on product type, the wood-burning fire pits dominated the market in 2022 with the largest revenue share of approximately 48%. They offer the crackling sounds, aroma, and visual charm of a real wood fire, creating a cozy ambiance that many consumers seek. The availability and affordability of firewood make wood-burning fire pits a popular and cost-effective choice for outdoor heating and recreational activities
- Based on type, tabletop fire pits are forecasted to grow at the fastest CAGR of 9.7% during the forecast period. These will witness increasing demand in the future due to their compact and portable nature, making them suitable for small outdoor spaces as well as they are sufficiently versatile to be used in various settings
- Based on end-use, outdoor usage of fire pits dominated the North America market with a revenue share of 67.10% in 2022. They create a focal point for socializing and relaxation, while also adding an inviting ambiance and a touch of natural beauty to outdoor gatherings. In addition, fire pits extend the usability of outdoor spaces during cooler seasons
- In terms of sales channel, the B2C segment held the majority market share of 64.86% in 2022. This type of sales allows for a personalized shopping experience, where customers can choose from a wide range of options, receive tailored customer service, and exercise more control over their purchasing decisions
Please note The report will be delivered in 4-8 business days upon order notification.