USD 63.85 million
Report ID: SQMIG25F2049 | Region: Global | Published Date: November, 2023 | Pages: 157 | Tables: 61 | Figures: 75
The Global Gas Fire Table Market size was valued at USD 63.85 million in 2021 and is poised to grow from USD 69.46 million in 2022 to USD 136.18 million by 2030, growing at a CAGR of 8.78% in the forecast period (2023-2030).
As gas fire tables combine comfort, aesthetics, and functionality, they are often being considered as a viable outdoor furnishing choice, resulting in the gas fire table market flourishing greatly. These fire tables are so popular as they offer a cozy ambiance, serve as stylish additions to outdoor spaces, and are a source of warmth for gatherings and relaxation. The growing trend of customers looking for outdoor heating solutions that provide a seamless transition between indoor and outdoor spaces and incorporate them into their homes is driving market growth.
In order to fill the required need for products that cater to different architectural styles and preferences, gas fire tables are being made available in multiple varying designs, sizes, and materials. Customers need not manage ash or handle firewood in the case of propane or natural gas for fuel, adding to their appeal. Several innovations such as built-in features like weather-resistant materials, adjustable flame heights, and integrated cooking surfaces to table designs have gripped the gas fire table market, driving further growth.
The growing interest in creating outdoor focal points for gatherings, increasing demand for outdoor entertainment and leisure spaces, adn the consumer preference towards extending the usability of outdoor areas across seasons are driving factors driving for the growth of the gas fire table market. Additionally, gas fire tables are aligned to shifting consumer preferences towards enhanced outdoor experiences that are also convenient and require low maintenance.
However, the market is also forced to deal with certain challenges like safety concerns, competition from other outdoor heating solutions in the industry, and the need for proper installation and upkeep. In order to fight these market constraints, market players are focusing on adding innovative materials, safety features, and clear usage instructions.
Since consumers are beginning to highly value outdoor spaces as an extension of their indoor living area, the gas fire table market is predicted to expand further, driven by the consumer desire to create comfortable and pleasingly inviting environments for outdoor living and gatherings.
Global Market Size
USD 63.85 million
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Based on Product the market is segmented as, Propane-powered gas, Natural Gas Powered. Based on Distribution Channel the market is segmented as, Offline, Online. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Analysis By Product
Traditionally, the “Propane-powered gas” fire tables have led the gas fire table market. Since it doesn't need a direct connection to a natural gas line, the propane option is preferable due to its flexibility in placement. The resulting easy setup and relocation of the fire table within outdoor spaces has contributed to consumer preference in this segment. A wider range of outdoor settings can utilize propane-powered fire tables thanks to their portability and because of how easy they are to use.
However, the fastest-growing segment within the product market was the “Natural Gas-powered” fire tables. These fire tables are directly attached to a natural gas line, thus ensuring a continuous fuel source and erasing the need to refill propane tanks. Consumers who are looking for a permanent outdoor setup are drawn to this product due to the convenience in terms of not having to manage fuel supply. Consumers who sought a trouble-free solution that offers ambiance and provides sustained warmth for their outdoor living spaces have driven the demand for natural gas fire tables.
Analysis By Distribution Channel
The top position in the gas fire table market is held by the Offline distribution channel, which comprises home improvement centers, brick-and-mortar retail outlets, and specialty stores. Consumers value the opportunity to see, touch, feel, and experience these products before investing in them, which gives an advantage to physical stores in the market. Moreover the overall purchasing experience of the consumer can be uplifted by staff who have detailed information about the product to provide customized recommendations and address customer inquiries.
As a result of the rise in e-commerce platforms and company websites, though, the online distribution channel has become the fastest-growing segment. Thanks to the convenience of online shopping, the ability to compare features and prices easily, and the variety of options has driven the exponential growth of this segment. For the purchase of larger items like gas fire tables, consumers prefer the flexibility of purchasing after browsing options from the convenience of their homes. Since buyers can access real user feedback before making a purchase thanks to online reviews, the growth of online distribution has expanded.
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North America has maintained its position as the largest region in the gas fire table market. Thanks to its influential home improvement industry, strong consumer demand for outdoor living products, and rising culture of outdoor entertainment, the United States particularly has played a significant role in driving market expansion in this region. The rising demand of gas fire tables in North America can be credited to the trend toward extending usable living areas beyond the indodor confines and the want to create inviting and comfortable outdoor spaces.
On the other hand, Europe has come out as the second-biggest region in the gas fire table market. The market growth in the European market is largely driven by countries like the UK, France and Germany. The demand in the region has been boosted thanks to the region’s increasing interest in outdoor living spaces, the popularity of al fresco dining and entertainment, and terrace and patio culture. The region has opened its arms to these aesthetic and functional outdoor heating solutions as a result of its appreciation for visually pleasing outdoor designs and architectural diversity.
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The competitive environment of the gas fire table market is characterized by a variety of retailers, producers, and designers, who are striving to grab the attention of consumers who look for outdoor heating and aesthetic solutions. The innovation towards creating a wide range of gas fire table designs that can fit to different preferences, styles, and applications, is driven by new entrants and established participants alike. Factors like customer service, goods differentiation, pricing, and quality of the products are driving market competitiveness. The industry leaders of the market mostly focus on the creation of long-lasting and weather-resistant materials while ensuring the incorporation of user-friendly features like adjustable flame controls and electronic ignition systems while following safety standards. Additionally, producers can now access a wider consumer base thanks to the rise of e-commerce and online sales platforms, further driving the intense competition. The competition in this market is only predicted to get more heated as consumers place growing importance on outdoor living experiences and seek to create inviting outdoor spaces, and companies will target eco-friendly practices, responsive customer support, and innovation to maintain a competitive edge.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global gas fire table market analysis, the gas fire table market is characterized by the demand for stylish and functional outdoor heating solutions, catering to the growing trend of outdoor living. To meet the demand for architectural aesthetic and diverse client preferences, the market is split into various materials, styles, and sizes. As a result of their increased use of outdoor spaces and a focus on outdoor entertainment, North America and Europe came out with the largest market share in the regional segment of the market. The growing demand for eco-friendly and sustainable features, the desire for aesthetic and easy to use outdoor heating solutions, a rise in outdoor living trends, and the widespread use of smart technology are some of the factors that drive the gas fire table market. The gas fire table market will continue to experience this growth as consumers keep desiring the creation of comfortable and inviting outdoor environments for gatherings and relaxation. However, if you require updated insights, I recommend researching more recent sources to understand the current state of the market.
|Market size value in 2021||USD 63.85 million|
|Market size value in 2030||USD 136.18 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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KEY MARKET INSIGHTS
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For the Global Gas Fire Table Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Gas Fire Table Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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