The Outdoor Heating Market Share was estimated to be USD 1.21 billion in 2022 and is projected to reach USD 1.91 billion by 2030, with a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030.
In recent years, the Outdoor Heating Market has witnessed substantial growth, and this trend is expected to continue in the coming years. The market's estimated value of USD 1.21 billion in 2022 highlights the increasing demand for outdoor heating solutions. As people increasingly seek to extend their outdoor activities throughout the year, the need for efficient and reliable heating options becomes paramount.
The projected growth rate of 5.9% during the forecast period indicates a promising future for the Outdoor Heating Market. Factors such as changing climatic conditions, rising disposable incomes, and a growing preference for outdoor leisure activities contribute to the market's expansion. Additionally, advancements in technology have led to the development of innovative and energy-efficient outdoor heating solutions, further driving market growth.
By 2030, the market is anticipated to reach a value of USD 1.91 billion, reflecting the increasing adoption of outdoor heating products across various sectors. The hospitality industry, residential sector, and commercial establishments are among the key end-users driving the demand for outdoor heating solutions. These sectors recognize the importance of providing comfortable outdoor spaces for their customers, guests, or residents, thereby fueling the market's growth.
In conclusion, the Outdoor Heating Market is poised for significant growth in the coming years. With a projected CAGR of 5.9% from 2023 to 2030, the market is expected to reach a value of USD 1.91 billion. Factors such as changing consumer preferences, technological advancements, and the need for year-round outdoor comfort contribute to this positive outlook. As the market expands, businesses across various sectors should seize the opportunities presented by the growing demand for outdoor heating solutions.
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KEY MARKET SEGMENTATION
By Product Type
- Freestanding
- Tabletop
- Wall Mounted
- Hanging
By Fuel Type
- Electric
- Gas/Propane
- Others
By Application
- Catering & Hospitality
- Commercial & Industrial Space Heating
- Residential Outdoors
Key Players
The major key players are, Infratech, Lava Heat Italia, Bromic, Calcana, Ambience, Fire Sense, Schwank, AZ Patio Heaters, Napoleon, Dayva, Lynx Grills, and others.
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Table of Contents
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Outdoor Heating Market, By Product Type
- Outdoor Heating Market, By Fuel Type
- Outdoor Heating Market, By Application
- Regional Analysis
- Company profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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