The outdoor heating market has expanded from $3.83 billion in 2023 to $4.09 billion in 2024, with a CAGR of 6.7%. Growth is driven by the expansion of outdoor living spaces and increased demand from the hospitality sector. The market is projected to reach $5.28 billion by 2028, with a CAGR of 6.6%. Key trends include smart heating features, hybrid fuel systems, and year-round outdoor living solutions, catering to the growing trend of outdoor dining and entertaining.
Major Driver In The Outdoor Heating Market
The proliferation of electric heaters among consumers is poised to propel the expansion of outdoor heating. Electric heaters, appliances utilizing electrical energy to generate thermal warmth for specific areas, find application in temperature and humidity control within buildings, cold climate planting, as well as in hotels and restaurants. Notably, in Germany, 958,000 electric heaters were sold since the beginning of 2022, marking a remarkable 76% surge in sales volume from January to August 2022 compared to the previous year, according to Growth from Knowledge (GfK), a German data and intelligence provider. The growing adoption of electric heaters by consumers is a key driver behind the outdoor heating market's growth. It is crucial to consider market sizes for 2023, 2024, and 2028 to gauge market dynamics accurately.
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Outdoor Heating Market Competitive Landscape
Rinnai Corporation, Tansun Corporation, Bond Manufacturing Co, Blue Rhino Enterprises LLC, Schwank Ltd., Infrared Dynamics Inc., Lynx Grills Inc., Bromic Heating Ltd., Mr. Heater Corporation, Napoleon Heating & Cooling Inc., Enders Produktion GmbH, Outdoor GreatRoom Company LLC, Infralia Inc., Fire Sense Technologies Inc., Calcana Industries Ltd., Wolf Steel Ltd., Dayva International LLC, Heininger Holdings LLC, Sunheat International Inc., Sunglo Awnings & Heaters Inc., Patio Comfort LLC, AEI Corporation, EnerG+ Corporation, Lava Heat Italia LLC, patioSchwank Holdings Inc., Solaira Heaters Inc., Heatstrip Industries LLC, Infratech Systems Corporation, IR Energy Inc., Sunpak Technologies LLC, Schiller Grounds Care Inc., BioLite Innovations LLC
Key Outdoor Heating Market Trend
Product innovation is a key trend that is gaining popularity in the outdoor heating market. Major companies operating in the market are focused on research and development for product innovations to gain a competitive edge in the market. For instance, in October 2022, Nexgrill, a US-based designer and manufacturer of outdoor living products introduced a new line of patio heaters. The Nexgrill Patio Heater produces up to 48,000 Btu of heating energy from a typical 20-pound propane tank, quickly alleviating chilly evenings and enabling year-round outdoor living. The patio heater is instantly lit by the battery-operated electrical ignition, producing quick heat. Users can deliver the ideal quantity of heat by adjusting the temperature with the control knob. Built-in caster wheels make it simple to move the heater when it's not in use, freeing up deck or patio space in the process. Along with the cozy, inviting glow of a natural flame, the heater's stainless-steel structure and finish make it a beautiful addition to an outdoor location.
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Outdoor Heating Market Segmentation
The outdoor heating market covered in this report is segmented –
1) By Types: Portable, Standalone Heaters, Tabletop, Mountable
2) By Fuel Type: Electric, Gas or Propane, Wood and Solid Fuel
3) By Applications: Restaurant Patios, Rooftop Decks, Transit Shelters, Public Spaces
4)By End-User: Residential, Commercial
By Geography:The regions covered in the outdoor heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the outdoor heating market share in 2023.
The Outdoor Heating Global Market Report 2024 furnishes information about the global outdoor heating market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
