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).

Recent years have seen a sharp increase in the market for fire pits, fueled by people's need for warm, social gathering places and an increasing need for outdoor living areas. As the aesthetics of backyards become increasingly important, fire pits have become more than just places to warm people; they are now fashionable gathering places. A wide variety of products, including wood-burning, gas, and propane fire pits, are available in this market to accommodate a wide range of consumer preferences. 

Customers are looking for fire pits that are multipurpose, adaptable, and can be used as both effective heating options and ornamental accents. Cutting-edge designs with integrated seating and movable flames are becoming more and more popular. Additionally, in line with consumer preferences for cleaner fuels and eco-friendly products, the sustainability trend has influenced the utilization of these materials. 

The demand for outdoor leisure products has increased due to the COVID-19 pandemic as people look for fun and safe ways to spend time with their loved ones. Manufacturers are concentrating on integrating technology, such as smart features and remote-controlled ignition systems, to improve consumer convenience as the industry expands. Businesses are navigating opportunities in this dynamic landscape by aligning with contemporary design trends and meeting the changing needs of outdoor enthusiasts, as the fire pits market is primed for future expansion.

A fire pit's ability to contain and control the spread of flames is probably its most prevalent feature. These pits can be quite helpful in creating the atmosphere of a campfire in the garden by creating a comfortable setting. Sales from campers and outdoor lovers are rising as a result of this fire pit usage that encourages exploration. Any outdoor space can erect a fire pit, bringing the hearth's idea of a cosy, secluded retreat to life while blending in with the surroundings. According to a real estate firm Zillow poll, properties with outdoor fireplaces, fire pits, and free-standing chiminea fires will sell 2.8 days faster than comparable homes without an outside fire in 2021.

Over the world, this has been propelled by homeowners' rising preference to evoke an indoor environment in outdoor places. So, among homeowners looking to update their outdoor living spaces, fire pits have become one of the most popular trends. Unbelievably, outdoor recreation was practised by more than 7.1 million Individuals. Due to this, the demand for fire pits for outdoor activities will probably increase dramatically. The Outdoor Foundation commissioned the 2021 Outdoor Participation Trends Report, which found that 53% of Americans aged 6 and over participated in outdoor recreation at least once, the greatest participation percentage ever.

US Fire Pits Market is poised to grow at a sustainable CAGR for the next forecast year.