Top Fire Pit Statistics, Insights, and Projections for 2020-2030
We’ve organized the latest statistics from Grand View Research about fire pits and added our thoughts about their growing popularity and future potential. Let’s get right into the fire pit statistics:
Fire Pit Market Overview Statistics
The global fire pit market is experiencing significant growth, reflecting our collective desire to enhance outdoor living spaces.
Market Value (2022): $6.8 billion
Expected Growth Rate (2023-2030): 6.5%
It's remarkable to see how fire pits have captured the hearts of homeowners, driving such substantial market growth. This trend signifies our ongoing love for outdoor living and the appeal of fire pits.
Statistics on People Enjoying Outdoor Activities
The COVID-19 pandemic transformed our interaction with outdoor spaces, increasing the demand for fire pits.
Increase in Outdoor Recreation (2020): 7.1 million more Americans participated compared to 2019.
Participation Rate (2020): 53% of Americans aged 6 and over engaged in outdoor recreation.
The pandemic has reignited our passion for the outdoors, and fire pits have become central to this resurgence.
Statistics on Selling Homes with Fire Pits
Fire pits offer both aesthetic and functional benefits, making them a popular addition to homes.
Homes with Outdoor Fireplaces or Fire Pits: Sell 2.8 days faster.
The fact that homes with fire pits sell faster highlights their value as a desirable home feature.
Statistics on Different Types of Fire Pits
There are various types of fire pits to suit different preferences and needs.
Wood-Burning Fire Pits (2022): 48.8% market share
Propane Fire Pits: Expected growth of 9.4% (2023-2030)
The enduring popularity of wood-burning fire pits speaks to our love for tradition and the classic campfire experience. However, the rapid growth of propane fire pits reflects a shift towards convenience and cleaner-burning options.
Popular Fire Pit Design Statistics
Different designs cater to various aesthetic and functional needs.
Classic Fire Pits (2022): 40% market share
Tabletop Fire Pits: Fastest growing segment with an expected growth of 10.2%
Classic fire pits remain a staple, blending seamlessly into many outdoor designs. Yet, the rise of tabletop fire pits demonstrates a trend towards compact, versatile solutions that fit modern lifestyles.
Outdoor/Indoor Fire Pit Usage
Fire pits are versatile and can be used in various settings.
Outdoor Fire Pits (2022): 66.6% market share
Indoor Fire Pits: Expected growth of 7.1%
Outdoor fire pits dominate, transforming backyards into cozy gathering spots. Meanwhile, the growing interest in indoor fire pits shows a desire to bring the warmth and charm of fire into our homes.
Statistics on How Fire Pits Are Sold
Fire pits are sold through different channels, each catering to specific market segments.
B2C (Business to Consumer) Segment (2022): 65% market share
B2B (Business to Business) Segment: Expected growth of 7.1%
The dominance of the B2C segment underscores the personal appeal of fire pits for homeowners. At the same time, the B2B growth indicates that commercial spaces are increasingly recognizing the value of fire pits in enhancing customer experience.
Where Fire Pits Are Popular
Different regions show varying levels of popularity and growth for fire pits.
North America (2022): 39.8% market share
Asia Pacific: Expected growth of 7.6% (2023-2030)
North America's leadership in the fire pit market reflects a cultural embrace of outdoor living. The rapid growth in Asia Pacific is exciting, hinting at an appreciation for stylish and functional outdoor spaces.
Nisho’s Fire Pits
Our modern fire pits are a perfect blend of artistry and functionality, designed to improve any outdoor space. Crafted with precision, these fire pits not only provide warmth but also serve as stunning focal points, seamlessly integrating with various landscape designs. With an emphasis on quality and aesthetic appeal, Studio Nisho’s fire pits create an inviting atmosphere for gatherings and relaxation. Their innovative designs and durable materials ensure that each fire pit enhances the beauty and comfort of your outdoor living area.
Conclusion
As we look to 2024 and beyond, it’s clear that fire pits will continue to warm our hearts and homes. From their growing market value to the technological advancements enhancing their use, fire pits are set to remain a beloved feature of outdoor living. Whether you’re enjoying a classic wood-burning pit or a sleek, modern tabletop design, fire pits offer a timeless charm that connects us with nature and each other.
Data Sources:
https://www.grandviewresearch.com/industry-analysis/fire-pits-market-report