Transparency Market Research delivers key insights on the global outdoor heating market. In terms of revenue, the global outdoor heating market is estimated to expand at a CAGR of 7.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global outdoor heating market.
Backyards and patios pertain to areas that serve as an extension of the household. During the pandemic and lockdown period, households realized the need for outdoor heating such as heat lamps, patio heaters and fire pits. The outdoor heating trend has been flourishing for a while according to some of the key players in the outdoor heating market.
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Furthermore, based on historic trends, homeowners worldwide are taking strides in moving their indoor conveniences outdoors with the help of smart technologies. This trend is likely to hike the demand for electric outdoor heaters in the overall outdoor heating market.
Outdoor Heating Market: Key Segments
Based on product type, the patio heater segment is likely to be the most popular in the outdoor heating market during the forecast period. Patio heaters are low maintenance heat sources that can also be used under covered patios. Since patio heaters are more affordable and safer than other outdoor heating products, their demand in the coming years is projected to drive the outdoor heating market.
In terms of operation, electricity based outdoor heating is projected to gain majority traction in the upcoming years. However, gas outdoor heating is likely to continue its dominance based on the price point and adoption. Furthermore, based on end-user, commercial end-users including HoReCa, sports & stadiums, and transportation facilities dominated the outdoor heating market. Countries in North America and Europe are rapidly increasing their outdoor seating spaces. This is likely to contribute to the overall growth of the outdoor heating products market.
With respect to distribution channel, the outdoor heating market is dominated by offline channels; however, in the near future, the online channel is projected to expand at a noteworthy pace.
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Outdoor Heating Market: Prominent Regions
Based on region, North America held maximum share in the global outdoor heating market in 2020. The market for outdoor heating in North America is driven by rapid rise of residential & commercial construction activities, as well as the desire of high-income consumers to invest in modern and luxury items, thus making North America a potential outdoor heating market.
Furthermore, the market in Europe is expected to expand at the highest CAGR and become an upcoming market for outdoor heating sales. The Europe outdoor heating market is predicted to grow at an exponential rate due to the rising number of operations and production companies in the region. Regional growth is expected to continue at a fast rate due to the region’s large potential and customer base. As compared to other regions, the outdoor heating market in Middle East & Africa is expected to witness slower growth rate during the forecast period.
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Outdoor Heating Market: Key Players
Key players operating in the global outdoor heating market are BD Products, LLC, Bond Manufacturing, Bromic Group Pty Ltd., ChillchaserHire Scotland, Infrared Dynamics, Inc., Lava Heat Italia, Schwank GmbH, Spaceray Radiant Heaters, Sunheat International, and Tansun Ltd. among others.
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