The global gas fire table market size 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% from 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 Size||USD 136.18 million by 2030|
|Fastest Growing Market||North America|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
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.
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.
The market expansion for gas fire tables is anticipated to be hindered by the high cost connected with the industry. The market for gas fire tables is expected to face difficulties during the forecast period of 2022–2030 due to worries about the possibility of a fire hazard. The high prices associated with the gas fire table are predicted to impose a ceiling on the market's expansion. A further factor that is anticipated to hurt the market is worried about fire risks.
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 modernize 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.
In 2020 the gas fire table 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.
This gas fire table market share can be segmented on the basis of products, distribution channels, regions and competitors. In terms of sales in 2020, propane-based gas fire tables accounted for the largest share (77.3%). This is attributable to the complementary characteristics of a propane-based gas-powered pit with the aid of a pre-attached hose and a turn-on and turn-off feature so that there is no need to wait for the fire to burn down or locate water to douse it out when it is not in use. When there are burn prohibitions in place in some regions, users of propane-powered fire tables can still build a fire. The demand for this product is increased by the fact that propane pits often release less heat than a sizable wood-burning fire pit.
With a CAGR of 10% from 2022 to 2030, natural gas is anticipated to grow at the quickest rate. Homes in urban and suburban areas are typically provided with natural gas that can be permanently installed by tapping into the supply. The majority of natural gas fire tables are hard piped into the residence, so customers won't run into any problems if they want to use the fire table but don't have an LP tank on hand. Accidents are extremely unlikely with natural gas because it is both lighter than air and can evaporate fast.
In terms of revenue, the offline distribution channel dominated the market in 2020, with 89.2%. The great importance of retail store channels is causing the segment to rise since it allows customers to see products first-hand and easily check their quality and specs. Some of the elements that are anticipated to positively affect the segment expansion include the accessibility of a broad selection of products offered by different companies and the capability to compare pricing and product qualities. Additionally, the reduced pricing and cost-effective deals made by retailers encourage more customers to visit these establishments. Additionally, local producers' provision of a wide range of high-quality gas fire tables at competitive prices is anticipated to draw more customers to offline channels. This distribution channel category is anticipated to rise as a result of its strong regional positioning and enhanced attention to consumer demands and experiences.
The CAGR for the online distribution channel from 2022 to 2030 is predicted to be 10.3%, making it the channel that will expand the fastest during the forecasted years. It is anticipated that consumers will favor e-commerce platforms more as a result of the availability of a large variety of products from domestic and foreign firms online. One of the things that are likely to drive sales through business portals is the availability of exclusive products and their first pieces. Discounts through company portals are predicted to be slow due to promotional pricing, holiday sales, and a large selection of goods on e-commerce websites. Home bedding products, including blankets, now have a wider audience in terms of visibility among a sizable client base, thanks to an expanding number of independent merchants. To reach consumers, domestic and foreign firms are focusing on online marketplaces like Amazon.com and Alibaba.
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.
Are a few of the leading companies in the gas fire table market.