The Asia Pacific fire pits market size was exhibited at USD 2.15 billion in 2023 and is projected to hit around USD 4.47 billion by 2033, growing at a CAGR of 7.6% during the forecast period 2024 to 2033.
Report Coverage | Details |
Market Size in 2024 | USD 2.31 Billion |
Market Size by 2033 | USD 4.47 Billion |
Growth Rate From 2024 to 2033 | CAGR of 7.6% |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Segments Covered | Product Type, Type, End-use, Sales Channel, Country |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Country scope | China; India; Japan, Australia, Indonesia |
Key Companies Profiled | Firepits UK; Galaxy Outdoor; Warming Trends Inc.; Crate and Barrel; Airxcel, Inc. (Suburban); Fire Sense (Well-Traveled Living); Yaheetech.shop; KingSo; PALOFORM; LANDMANN (DS Group) |
The market growth is mainly attributed to the consumers embracing the outdoors and looking to make the most of their outdoor spaces. Increasing consumer spending on creating outdoor spaces with different aesthetics is likely to further favor growth in demand for the fire pits in Asia Pacific. Consumers are purchasing high-quality, comfortable, and functional outdoor products to complement their home décor.
APAC fire pits market accounted for 21.3% of the global fire pits market revenue in 2023. Asia Pacific's household population is growing, which is excellent news for the region's home products industry. Growing disposable incomes contribute to the expansion of the market. Sales volume and value are expected to rise significantly due to rising customer sophistication and the growing desire to create cozy and attractive homes. Spending by consumers to improve the aesthetics of their houses is encouraged by the increasing variety of products available, particularly in terms of material, design, and innovation.
A tabletop fire pit is one of the best outdoor features to increase value because it can have a big impact on this. A well-planned and maintained outdoor living space can increase the value of the house by up to 20%. To increase brand and product exposure, several market companies are also geographically expanding into new areas.
For example, in March 2019, the American fire pit maker Lovinflame organized an expo in Goyang-si, South Korea, with an emphasis on fire pits and other design and building items. Learning about tabletop fire pits and vent-free fireplaces was interesting to many residents, especially the home builders and interior designers.
Asia Pacific consumers are growing more and more interested in outdoor furnishings. Over the course of the projected period, it is expected that the market in the region would increase significantly. Furthermore, the market for fire pits is expected to grow due to factors such an increase in construction projects, a rise in urbanization, and an increase in consumer disposable income in Asia Pacific. In addition, as many hotels in the area have outdoor fire pits, the increase in tourism in countries such as Singapore, India, and Malaysia would have a favorable effect on the demand for fire pits.
The growing popularity of glamping and camping suggests that there will be a sustained need for outdoor furnishings and décor. Particularly younger customers such as camping in beautiful locations such as Tengger Desert, Chongqing, and Enshi Grand Canyon. Many campgrounds are located in suburban parks and green areas, which makes them perfect for a quick vacation or weekend get-away. The demand for the use of fire pits to provide a cozy and warm atmosphere for people at night is increased when glamping areas are situated in open areas.
The wood-burning fire pits held the market share of 48.7% in 2023. Wood-burning pits are essentially homemade camping pits, as they are kept away from the primary house site. They replicate the exact experience of wood burning at a campsite site in the bush, complete with occasional whiffs of wood. On the other hand, there are many different types of wooden-burning pits. The cost of burning wood in an outdoor fire pit is less expensive than using a gas or propane appliance. Depending on the type of wood and the prevailing airflow in the area, wood logs can burn for four to eight hours. Additionally, logs that have just half burned can be preserved for subsequent use.
The propane fire pits market in Asia Pacific is expected to grow at a CAGR of 10.1% from 2024 to 2033. Propane burns more cleanly and does not release ash or sparks that could get on skin or clothing. Unlike conventional log fires, which leave burning coals for hours, a propane fire pit's flames can be easily extinguished. Homeowners prefer to use propane-based fire pits instead of raw materials such as wood as they are available in different sizes, appeal, and price ranges. Most of them feature wheels and are light enough to move easily from one place to another.
The classic fire pit held 39.3% of the market share in 2023. The most widely utilized styles of fire pits nowadays are those made of concrete or metal. They can be manufactured to order or can be purchased from a retailer. The Classic Fire Pit Collection includes a variety of useful extras, including protective gloves, in addition to being built for warmth and barbecue.
The tabletop fire pit market in Asia Pacific is anticipated to grow at the CAGR of 11.0% from 2024 to 2033. Gas, from either an underground gas connection or a propane tank, powers tabletop fire pits. When the gas burners are lit, a cozy and enticing flame is created. But as most people would rather purchase something more attractive than see the gas burner in the open, fire glass is utilized to hide the burners.
Outdoor fire pits accounted for the market share of 66.0% in 2023. The market for outdoor fire pits is driven by the embrace of western culture in developing nations and the acceleration of urbanization, redefining how the outdoors is conceived. Enjoying the ambience of an outdoor fire without the dangers of blazing wood is made possible with a lawn fire pit. Outdoor fire pits are commonly found in lawns, yards, swimming pools, and outdoor eating areas of business buildings. They are specifically made for outdoor pleasure.
The indoor fire pits market in Asia Pacific is projected to grow at a CAGR 8.2% during the forecast period of 2024 to 2033. Due to their visual appeal indoors, where they provide clients with the same level of comfort as an outdoor fireplace, indoor fire pits are becoming more and more popular. Because they think it is worth it, more individuals are choosing to build indoor fire pits, which may make for stunning interior décor because they are easy to build.
In terms of revenue, the B2C segment dominated the market with a share in 2023. Residential fire pit installation is included in the B2C segment. 90% of Americans agreed in March 2021, according to the International Casual Furnishings Association, that their outdoor living space is more valuable than ever, with 78% upgrading their exteriors during COVID-19.
Through 2033, the B2B market is expected to grow at a compound annual growth rate of 7.1%. Indoor fire pits are growing in popularity owing to their aesthetic appeal inside homes, making them attractive overall and giving customers the same level of comfort as an outdoor fireplace. More people are making this choice because they believe it to be worthwhile, and a fire pit indoors can be a beautiful indoor decoration as it is simple to construct.
China Fire Pits Market Trends
The China fire pits market accounted for 35.6% of the Asia Pacific revenue in 2023. In China, outdoor activities are becoming more and more popular. The economy of the outdoor leisure sector has benefited from this trend, which has also created new markets for several goods, including barbecues, tents, and fire pits. Among the elements anticipated to generate new chances for the outdoor fire pits market are the growing acceptance of western culture and socializing trends such as outside dining, grilling, and barbecuing.
India Fire Pits Market Trends
The market for fire pits in India is projected to grow at a CAGR of 9% from 2024 to 2033. This growth is mainly expected to benefit from India's recent substantial growth in demand for outdoor furniture. Furthermore, the increasing renovation of front and backyard gardens and lawns has encouraged the use of fire pits.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the Asia Pacific fire pits market
Product Type
Type
End-use
Sales Channel
Country
Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Asia Pacific Fire Pits Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations
Chapter 5. Asia Pacific Fire Pits Market: Product Type Estimates & Trend Analysis
5.1. Product Type Movement Analysis & Market Share, 2024 & 2033
5.2. Asia Pacific Fire Pits Market Estimates & Forecast, By Product Type, 2021 to 2033 (USD Million)
5.2.1. Wood Burning
5.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
5.2.2. Propane
5.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
5.2.3. Charcoal
5.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
5.2.4. Gas
5.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
5.2.5. Others
5.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
Chapter 6. Asia Pacific Fire Pits Market: Type Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2024 & 2033
6.2. Asia Pacific Fire Pits Market Estimates & Forecast, By Type, 2021 to 2033 (USD Million)
6.2.1. Classic Fire Pit
6.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
6.2.2. Fire Table
6.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
6.2.3. Fire Pit Bowls
6.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
6.2.4. Tabletop Fire Pits
6.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
6.2.5. Chiminea
6.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
6.2.6. Others
6.2.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
Chapter 7. Asia Pacific Fire Pits Market: End-use Estimates & Trend Analysis
7.1. End-use Movement Analysis & Market Share, 2024 & 2033
7.2. Asia Pacific Fire Pits Market Estimates & Forecast, By End-use, 2021 to 2033 (USD Million)
7.2.1. Indoor
7.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
7.2.2. Outdoor
7.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
Chapter 8. Asia Pacific Fire Pits Market: Sales Channel Estimates & Trend Analysis
8.1. Sales Channel Movement Analysis & Market Share, 2024 & 2033
8.2. Asia Pacific Fire Pits Market Estimates & Forecast, By Sales Channel, 2021 to 2033 (USD Million)
8.2.1. B2B
8.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
8.2.2. B2C
8.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Million)
Chapter 9. Asia Pacific Fire Pits Market: Country Estimates & Trend Analysis
9.1. Country Movement Analysis & Market Share, 2024 & 2033
9.1.1. China
9.1.1.1. Key country dynamics
9.1.1.2. China fire pits market estimates & forecast, 2021 - 2033 (USD Million)
9.1.2. Japan
9.1.2.1. Key country dynamics
9.1.2.2. Japan fire pits market estimates & forecast, 2021 - 2033 (USD Million)
9.1.3. India
9.1.3.1. Key country dynamics
9.1.3.2. India fire pits market estimates & forecast, 2021 - 2033 (USD Million)
Chapter 10. Asia Pacific Fire Pits Market - Competitive Landscape
10.1. Recent Developments & Impact Analysis by Key Market Participants
10.2. Company Categorization
10.3. Company Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2023 (%)
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.9. Company Profiles
10.9.1. Firepits UK
10.9.1.1. Company Overview
10.9.1.2. Financial Performance
10.9.1.3. Product Benchmarking
10.9.1.4. Strategic Initiatives
10.9.2. Galaxy Outdoor
10.9.2.1. Company Overview
10.9.2.2. Financial Performance
10.9.2.3. Product Benchmarking
10.9.2.4. Strategic Initiatives
10.9.3. Warming Trends Inc.
10.9.3.1. Company Overview
10.9.3.2. Financial Performance
10.9.3.3. Product Benchmarking
10.9.3.4. Strategic Initiatives
10.9.4. Crate and Barrel
10.9.4.1. Company Overview
10.9.4.2. Financial Performance
10.9.4.3. Product Benchmarking
10.9.4.4. Strategic Initiatives
10.9.5. Airxcel, Inc. (Suburban)
10.9.5.1. Company Overview
10.9.5.2. Financial Performance
10.9.5.3. Product Benchmarking
10.9.5.4. Strategic Initiatives
10.9.6. Fire Sense (Well Traveled Living)
10.9.6.1. Company Overview
10.9.6.2. Financial Performance
10.9.6.3. Product Benchmarking
10.9.6.4. Strategic Initiatives
10.9.7. Yaheetech.shop
10.9.7.1. Company Overview
10.9.7.2. Financial Performance
10.9.7.3. Product Benchmarking
10.9.7.4. Strategic Initiatives
10.9.8. KingSo
10.9.8.1. Company Overview
10.9.8.2. Financial Performance
10.9.8.3. Product Benchmarking
10.9.8.4. Strategic Initiatives
10.9.9. PALOFORM
10.9.9.1. Company Overview
10.9.9.2. Financial Performance
10.9.9.3. Product Benchmarking
10.9.9.4. Strategic Initiatives
10.9.10. LANDMANN (DS Group)
10.9.10.1. Company Overview
10.9.10.2. Financial Performance
10.9.10.3. Product Benchmarking
10.9.10.4. Strategic Initiatives