About Indoor Fire Pits
Indoor fire pits are becoming increasingly popular and for a good reason. They increase your house’s overall visual appeal and allow you to experience the same comfort that you would get from an outdoor fireplace. More and more people are choosing this option and consider it to be worth the investment. Indoor Firepit can be great for indoor decoration. It’s also easy to build. It can be used as a fire pit table for the living room or build an in-ground or above ground fire pit for the backyard from cinder blocks or stones. In addition, it used as a decorative element creates, a great atmosphere gives no ash or smoke. Increasing the disposable income of individuals is one of the major driving factors of growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service introduces, and collaborations as their preferred strategies. The key players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Indoor Fire Pits market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fire Sense(United States), Warming Trends (United States), Breeo (United States), Firepits UK (United Kingdom), Buck Stove (United States), Designing Fire (United States), Hearth Products Controls (HPC) (United States) and Galaxy Outdoor (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are American Fire Glass (United States), Stahl Fire Pit (United States), Iron Embers (Canada), Acucraft (United States), Woodbridge Fireplace (Canada) and Outland Living (United States).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Fire Pits market by , Application (Home use and Commercial) and Region.
On the basis of geography, the market of Indoor Fire Pits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Fuel, the sub-segment i.e. Bioethanol will boost the Indoor Fire Pits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Burning Capacity, the sub-segment i.e. Below 10,000 BTU will boost the Indoor Fire Pits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Portability, the sub-segment i.e. Portable will boost the Indoor Fire Pits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Indoor Fire Pits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advanced technology and innovation
Market Growth Drivers:
Increasing social gatherings and Demand for environmentally friendly fueling indoor fire pits
Challenges:
High cost associated with Indoor Fire Pits
Restraints:
the concern is that these indoor pits can be quite dangerous
Opportunities:
Indoor fire pits demand in the developing regions such as the Asia Pacific
Market Leaders and their expansionary development strategies
In May 2023, Portfolio of direct-to-consumer companies, Solo Brands announced it acquired TerraFlame for an undisclosed amount.
In November 2023, Solo Stove expanded its offerings with the launch of the brand’s first-ever indoor pit. Dubbed Cinder, the tabletop fire pit is also one of the brand’s smallest offerings, coming in at 4.25 inches by 6 inches in size and weighing a little less than 5 pounds.
Key Target Audience
Indoor Fire Pits Manufacturers, Indoor Fire Pits Distributors/Traders/Wholesalers, Indoor Fire Pits Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.