SAN FRANCISCO, Nov. 17, 2020/PRNewswire/ -- The global gas fire table market size is expected to reach USD 116.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.0% from 2020 to 2027. Gas fire tables have emerged as one of the most popular trends among the residential owners looking to upgrade and model their outdoor living areas.
Key suggestions from the report:
- Propane based gas fire table held the largest share of 77.4% in terms of revenue in 2019
- The natural gas-based gas fire table is expected to register the fastest CAGR of 10.0% from 2020 to 2027
- The offline channel of distribution led the market and accounted for 89.2% share of the global revenue in 2019
- The online distribution channel is expected to witness the fastest growth during forecast years with a CAGR of 10.3% from 2020 to 2027.
Read 80 page research report with TOC on "Gas Fire Table Market Size, Share & Trends Analysis Report By Product (Propane, Natural Gas), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 - 2027" at:https://www.grandviewresearch.com/industry-analysis/gas-fire-table-market
A Better Homes and Gardens survey reveals that 51% of the millennials decorate their outdoor living space as they would an indoor dining or living room and 77 percent say they want their outdoor living space to feel like a relaxing retreat. The survey also shows millennials are interested in upgrading their outdoor spaces with landscape lighting (27%), a fire pit (26%), lamps or party lights (24%), and comfortable outdoor seating, dining sets, and other accessories (24%) to create a cozy environment in the outdoor spaces.
The natural gas-based fire tables are expected to witness the highest growth in the coming years owing to its lightweight and ability to dissolve rapidly, which leaves very little room for accidental ignition. Propane based fire tables allow the users to make a fire during burn bans in certain areas. Propane pits also generally emit less heat than a large wood-burning fire pit, thereby driving the demand for this product.
Consumers have been preferring offline distribution medium due to discounted prices and budget-friendly offers provided by retailers, which has driven more customer footfall in physical stores. Moreover, the availability of varied quality gas fire tables at an affordable rate offered by local manufacturers is likely to attract a greater number of customers to offline channels. Strong localized positioning and increased focus on customer needs and experience are the major factors that are expected to foster the growth of this distribution channel segment.
Grand View Research has segmented the global gas fire table market on the basis of product, distribution channel, and region:
- Gas Fire Table Product Outlook (Revenue, USD Million, 2016 - 2027)
- Propane
- Natural Gas
- Gas Fire Table Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Online
- Offline
- Gas Fire Table Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Middle East & Africa
List of Key Players of Gas Fire Table Market
- Firepits UK
- Designing Fire
- Warming Trends
- Hearth Products Controls (HPC)
- Galaxy Outdoor
- Buck Stove
- CobraCo
- UniFlame
- Landmann
- Pleasant Hearth.
Find more research reports on Homecare & Décor Industry, by Grand View Research:
- Nonstick Cookware Market - The global nonstick cookware market size was valued at USD 8.9 billion in 2018. the growing working-class population in the aforementioned developing economies will promote the market.
- Outdoor Furniture Market - The global outdoor furniture market size was valued at USD 16.8 billion in 2018 and is anticipated to expand at a CAGR of 5.9% over the forecast period. Growing real estate industry and the urban population is the key factors driving the market.
- Playroom Furniture Market - The global playroom furniture market size was valued at USD 3.0 billion in 2018. Growing focus on holistic child development has been acting as a catalyst to the market growth.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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