Pune, India, Feb. 14, 2023 (GLOBE NEWSWIRE) --

The global outdoor heating market size is expected to grow from USD 1.21 billion in 2022 to USD 1.78 billion in 2029. The CAGR is forecasted to be 5.6% during this period. The market was valued USD 1.16 billion in 2021. Fortune Business Insights provided this information in its latest published report titled” Outdoor Heating Market Size, Share & Growth Analysis 2022-2029”. According to analyst, the market is projected to grow during the projected period due to increasing demand and popularity of entertaining outdoor activities.

List of Key Players Profiled in the Report:  

• Infratech (U.S.)
• Lava Heat Italia (U.S.)
• Bromic (U.S.)
• Calcana (Canada)
• Ambience (U.S.)
• Fire Sense (U.S.)
• Schwank (patioSchwank) (U.S.)
• AZ Patio Heaters (U.S.)
• Napoleon (Canada)
• Dayva (U.S.)
• Lynx Grills (U.S.)

Get a free sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/sample/outdoor-heating-market-103029

Report Scope and Segmentation:

Report Coverage	Details
Forecast Period	2022-2029
Forecast Period 2022-2029 CAGR	5.6%
2029 Value Projection	USD 1.78 billion
Base Year	2021
Market Size in 2021	USD 1.16 billion
Historical Data	2018-2020
No. of Pages	148
Segments covered	Product Type, Fuel Type, Application, Region
Growth Drivers	Increasing Popularity of Outdoor Entertaining Activities to Propel the Market Growth

Market Drivers & Restraints:

Rising Conduction of Outdoor Recreational Activities to Augment Growth

The market is anticipated to witness prominent growth in the coming years owing to the increasing demand for environment-friendly outdoor heaters. Also, the rising popularity of outdoor entertainment activities and functions is expected to bolster the global market growth. The increasing conduction of outdoor recreational activities is projected to fuel the market growth in the coming years.

However, high operational costs and increasing environmental concerns may hinder market growth.

Segments:

Easy Handling Capabilities of Freestanding Outdoor Heaters Ensure Segmental Growth

By product type, the market is trifurcated into freestanding, tabletop, and wall-mounted and hanging. The freestanding segment is anticipated to lead the market share owing to easy accessibility and movable capacity.

Electric Fueled Heaters to Dominate Global Market During the Forecast Period

Based on fuel type, the market is categorized into electric, gas/propane, and others (wood). The electric segment is expected to lead the global market share in the coming years due to its affordability and sustainability. Also, low production costs and maintenance expenses are projected to fuel the segmental growth.  

Catering & Hospitality Segment Holds the Leading Market Position

On the basis of application, the market is segregated into catering and hospitality, commercial and industrial space heating, residential outdoors, and indoor agriculture/livestock brooder. The catering and hospitality segment is projected to hold a dominant position in the global market, owing to increasing accommodation of consumers in cafes and bars.

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/outdoor-heating-market-103029

Report Coverage:

The report provides a detailed analysis of current market conditions and development in the coming years. Also, the recent trends and advancements in the industry are highlighted further in this report. Furthermore, drivers and restraints affecting the market growth during the forecast period are mentioned further in this report, along with the impact of COVID-19 pandemic on the global market expansion. A list of leading market players and the regional insights on segmented market areas are given.

COVID-19 Impact:

Restricted Outdoor Gatherings Amid Pandemic Hampered the Market Growth

The outbreak of COVID-19 pandemic had a considerable impact on various industries. The governments imposed strict restrictions on public places and outdoor entertainment activities to prevent the virus from spreading. The movement of the population was restricted, and the closure of national borders affected the outdoor heating market growth during the pandemic. Also, social distancing norms limited the gatherings and casual group meet-ups and hampered the demand for outdoor heating appliances. However, the companies were relieved post-pandemic due to lucrative opportunities available in the market.  

Regional Insights:

North America Holds Dominant Market Share Due to Rising Demand for Heaters

North America dominates the global outdoor heating market share due to increasing commercial and residential construction activities. Also, the increasing installation of outdoor heating devices in commercial and industrial spaces is anticipated to fuel the regional market growth. The North American market stood at USD 0.52 billion in 2021.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/outdoor-heating-market-103029        

Competitive Landscape:

New Launch Allow Companies to Enhance their Product Portfolio

The leading market players consider forming strategic alliances and partnerships to enhance their business performance. Also, the companies focus on developing new heaters to improve their product portfolio and attract global customers. These strategies allow companies to globalize their brand. 

Key Industry Development:

• March 2022: Infratech Heating Systems acquired major ad spots in premium brands such as Apple TV+ and Jeep. The company is becoming a desirous choice with the most photogenic properties in the world.

Table of Content:

• Introduction
  • Definition, By Segment
  • Research Methodology/Approach
  • Data Sources
• Executive Summary
• Market Dynamics
  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities and Trends
  • Impact of COVID-19
    • Short-term Impact
    • Long-term Impact
• Competition Landscape
  • Business Strategies Adopted by Key Players
  • Consolidated SWOT Analysis of Key Players
  • Global Outdoor Heating Key Players Market Share Insights and Analysis, 2021
• Global Outdoor Heating Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  • • Key Findings
    • By Product Type (USD Bn)
      • Freestanding
      • Tabletop
      • Wall mounted and hanging
    • By Fuel Type (USD Bn)
      • Electric
      • Gas / Propane
      • Others (Wood, etc.)
    • By Application (USD Bn)
      • Catering and hospitality
      • Commercial and industrial space heating
      • Residential outdoors
      • Indoor agriculture/Livestock brooder
    • By Region (USD Bn)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
• North America Outdoor Heating Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029

Continued...

Get a Quote: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/outdoor-heating-market-103029

Read related reports:

Bakery Processing Equipment Market Size, Share & COVID-19 Impact Analysis

Air Handling Units Market Size, Share & Forecast

Fertilizer Spreader Market Size, Share & Trends

Cooling Towers Market Trends, Size, Share and Regional Forecast

North America HVAC System Market Share, Size, & Growth [2022-2029]

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

U.S. :+1 424 253 0390

U.K. : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com