Global Gas Fire Table Market Worth USD 136.18 Billion By 2030 | CAGR of 8.78%

Introduction

The global Gas Fire Table Market was valued at USD 58.7 million in 2020 and is projected to reach USD 136.18 million by 2030 at a CAGR of 8.78% 2022 to 2030.

A gas fire table is an item of outdoor furniture that gives the backyard area a feeling of luxury, versatility in space design, and flair. It features a base and a top, as well as a burner cover and a knob to regulate the flame. It burns cleanly with no soot or logs because it uses liquid propane (LP) or natural gas as fuel. It also gets rid of the strong smoke smell, making it a safer and more dependable alternative to other kinds of fire tables for persons who are sensitive to or allergic to smoke.

Market Dynamics

Advanced lifestyle is driving the market

The need for gas fire tables is expanding, which is causing the sector to flourish. Other factors driving this growth include rising home sales, urban lifestyle adaptation, and increased home sales. North American nations with harsh climates dominate the market. Due to the development of gas fire tables to aid consumers in surviving the cold, the market is growing, and sales are rising.

The demand for gas fire tables has been driven by homeowners' growing propensity to create an inside feel in outdoor locations. One of the most popular trends among homeowners looking to update their outdoor living spaces is the use of gas fire tables.

Accident-proof and lightweight properties drive the market

Due to its lightweight and quick-dissolving nature, which provides very little room for unintentional igniting, natural gas-based fire tables are predicted to experience the fastest increase in the upcoming years. Users of propane-powered fire tables are able to build a fire even when there are burn prohibitions in place. The need for this product is increased by the fact that propane pits often produce less heat than a sizable fire pit that burns wood.

Research and development will bring in new opportunities

Companies are expected to innovate in ways that satisfy customers' current needs and expectations. Hotel industries are focusing on the creation of architecturally built gas fire tables, which create a beautiful look both inside and out, to add a royal touch to the ambience for tourists. During the anticipated period, this is anticipated to fuel market growth. Among homeowners looking to renovate and modernise their outdoor living spaces, gas fire tables have grown to be one of the hottest trends. As a result, it is projected that this trend would present the market with fresh chances.

Regional analysis

In 2020 the market was headed by Europe, which had a revenue share of 43.8%. The region's product demand is mostly linked to consumers' rising expenditures on house renovations and repairs, which is boosting demand for high-end goods.

With a CAGR of 9.6% from 2022 to 2030, North America is anticipated to experience the fastest growth over the forecast years. An important factor in this is Americans' growing penchant for fire pits as a way to extend the outdoor season. Making outside areas into indoor rooms is a trend among homeowners. Outdoor heating elements take the place of conventional fireplaces with large lounging areas, outdoor kitchens, and elaborate decor. Due to consumers' increased willingness to spend more money on more expensive goods to match the high quality of home furnishings, gas fire tables are in high demand.

Key highlights

• The global Gas Fire Table Market was valued at USD 58.7 million in 2020 and is projected to reach USD 136.18 million by 2030 at a CAGR of 8.78% 2022 to 2030.
• Accident Proof & Lightweight products and an advanced lifestyle are some of the factors driving the market for Gas Fire Tables.
• The Gas Fire Tables market can be segmented on the basis of products, distribution channels, regions and competitors.
• By 2030, Europe is anticipated to have the largest market share, with North America emerging as the fastest-growing market.

Competitive Players

Competitors analysis

There are several regional and international companies in the market. Players have been launching new products to obtain an advantage over rivals in the marketplace. In order to seize growth prospects, major firms are also growing their businesses in emerging areas. In order to reach more consumers, businesses have also been concentrating on providing a unique and tailored selection of gas fire tables through stores. Firepits UK, Designing Fire, Warming Trends, Hearth Products Controls (HPC), Galaxy Outdoor, Buck Stove, CobraCo, UniFlame, Landmann, and Pleasant Hearth are a few of the leading companies in the gas fire table market.

Recent Developments

Recent developments

• In November 2021, social chain AG, which is a subsidiary of Landmann, moved forward to acquire DS Group.
• In October 2021, Galaxy Universal acquired some of the leading active brands like Giam, Avia, And1 and SPRI in order to expand their business and have a good hold in the market.
• Hearth Products which was earlier a part of Brady ware capital, was acquired by a Dayton-based investor group in 2019.

Segmentation

Market Segmentation

Product Outlook:

• Propane
• Natural Gas

Distribution Channel Outlook:

• Offline
• Online

Regional Outlook:

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa