Asia Pacific Outdoor Heating Market: Asia Pacific Industry analysis and Forecast (2023-2029)

  • Asia Pacific Outdoor Heating market was valued at USD 88.99 million in 2022.Global Market is estimated to grow at a CAGR of 5.3% 

  • Format : PDF | Report ID : SMR_817

Asia Pacific Outdoor Heating Market Overview:

The pace of product innovation in the outdoor heating market has been accelerated by a sharp focus on smart and cheap outdoor heating solutions. The market's revenue is being bolstered by rising sales of commercial and residential outdoor heaters. For both innovators and newcomers, competitive product pricing is a key marketing strategy.

 

According to analysts that have studied present and emerging possibilities in the outdoor heating market, manufacturers are seeing lucrative demand for electric fireplaces and patio heaters in a variety of commercial applications. Patio heaters, in particular, have aided commercial facilities in improving the customer experience for Gen Z customers looking for innovative outdoor heating solutions. Restaurants, in particular, have seen a steady uptake of items, bolstering the outdoor heating sector.

 

Outdoor heating solutions powered by renewable energy have recently attracted a lot of attention from manufacturers looking for new revenue streams in the outdoor heating sector. E-commerce platforms and online purchasing have aided in improving access to products with both economical and advanced technologies.

 

Manufacturers are eager to reveal cutting-edge designs and new features. The trend of ongoing product innovation is influencing new opportunities in the outdoor heating market, it has been discovered. Manufacturers have been actively investing in R&D to develop new designs and equip items with modern technologies, according to the analysts. Indeed, in recent years, the advent of more appealing designs has broadened the options in the outdoor heating market.

 

Residential user's adoption of smart outdoor heating technologies is expected to expand avenues.  There is a considerable demand for smart outdoor heating systems, particularly in residential applications. Notably, sales of heat lamps and fire pits are gradually increasing, hence expanding the outdoor heating market.

Asia Pacific Outdoor Heating Market

 

Asia Pacific Outdoor Heating Market Dynamics:

Companies in the outdoor heating market are seeing new potential in Asia Pacific's developing economies. The number of outdoor patio and deck installations has been quickly expanding in recent years. Growing spending on improving living standards has boosted demand for outdoor heating solutions, particularly among millennials and Generation Z.

 

Homeowners and residents are increasingly investing in the comfort of their indoor and outdoor living spaces. Many of them are eager to implement better patio heating options. As a result, the market for outdoor heating products has grown.

 

Commercial building is accelerating in emerging nations of Asia Pacific region due to the rapid rate of urbanization. As a result, the demand for outdoor heating solutions has increased. Since it helps to bring indoor comfort to outside living, the growing popularity of outdoor activities is likely to fuel demand for outdoor heating.

 

During the forecast period, detrimental environmental repercussions can be a major issue for the outdoor heating market. Patio heaters' growing popularity has resulted in a number of negative environmental consequences. Global warming is one such effect. The use of patio heaters contributes to carbon dioxide emissions. Increased carbon dioxide emissions are a result of the increased use of patio heaters in outdoor locations. Patio heaters, on the other hand, cannot be restricted due to their functionality and aesthetic appeal. They're common in restaurants, pubs, and other outdoor settings. Existing market manufacturers are concentrating on developing creative solutions that reduce the environmental impact of such heaters. Infrared patio heaters have been introduced by a number of companies. Patio heaters of this type have a low environmental impact. Patio heater's negative environmental effects may stifle market growth. Patio heaters market growth is primarily driven by innovation and portfolio extensions that contribute to product premiumization, though factors such as severe environmental impacts may stifle market growth.

 

Asia Pacific Outdoor Heating Market Segment Analysis:

By Product Type, The Asia Pacific Outdoor Heating Market is segmented into Fire Based, Patio Heaters and Others on the basis of product type. Natural gas or propane are used to power patio heaters. They are also powered by electricity. When a patio heater is turned on, heat is emitted in a circular pattern around the device. Patio heaters make it easier to provide warmth to everyone in the area. Huge demand for patio heaters may generate huge sales revenues. Stylish patio heaters are gaining popularity among home owners. Electric patio heaters are gaining popularity among all end users, owing to the lack of laws that limit their use. Due to the rising demand for electric patio heaters over propane or gas-based patio heaters, manufacturers are expecting a significant uptake of electric products. The technology's environmentally friendly character is boosting the outdoor heating market's growth prospects.

 

Asia Pacific Outdoor Heating Market

 

By Fuel Type, The Asia Pacific Outdoor Heating Market is segmented into Electric, Gas/Propane and Wood & Solid Fuel on the basis of type. Many business and household users have used gas patio heaters over the years. These heaters provide immediate warmth and improve the ambiance of outdoor living areas. These heaters come in a variety of sizes, fuel kinds, and designs. They help people have a better outdoor experience. Natural gas and propane are both used in gas patio heaters. Natural gas patio heaters are used by households with easy and convenient natural gas connections.

 

By Application, The Asia Pacific Outdoor Heating Market is segmented into Catering and hospitality, Commercial and industrial space heating, Residential outdoors and Indoor agriculture/Livestock brooder on the basis of application. Catering and hospitality are expected to account for a significant percentage of the market. One of the main reasons for the catering and hospitality sector's huge market share across several regions is the use of outdoor spaces to accommodate customers in bars and cafés. The utilisation of outside spaces for small parties, such as house lawns and backyards, is also growing the market for these heaters in residential settings.

 

Asia Pacific Outdoor Heating Market

Asia Pacific Outdoor Heating Market Regional Insights:

For more than 10 months of the year in Asia Pacific, the tropical environment of South Asia, particularly the majority of the Indian subcontinent, has a very low demand for heating accessories. Countries such as Japan, China, and South Korea can have well-established and well-functioning manufacturing facilities, making the Asia Pacific region an important and potential market. However, due to climatic constraints throughout the region, it region can be characterised as a market with a limited customer base and limited expansion possibility in terms of sales and market growth potential. Furthermore, most chilly and cold places in the Asia Pacific region rely on the use of fire pits and patio heaters, and the market in the region is still at a nascent stage.

During the forecast period, the market in Asia-Pacific is expected to grow the most. Increased heater installation in countries like as China and India, as well as changing living standards and increased per capita disposable income, are all contributing to market expansion.

 

Asia Pacific Outdoor Heating Market

 

The objective of the report is to present a complete picture of global Asia Pacific Outdoor Heating market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Asia Pacific Outdoor Heating market. It also helps to understand bargaining power of suppliers and consumers.

 

The report also presents PESTLE analysis which helps to gain a macro picture of Asia Pacific Outdoor Heating market. Political factors help to identify the influence of government over Asia Pacific Outdoor Heating market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Asia Pacific Outdoor Heating market price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Asia Pacific Outdoor Heating market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements. 

 

Asia Pacific Outdoor Heating market scope:

Asia Pacific Outdoor Heating Market Scope

Market Size in 2022

USD 88.99 Mn.

Market Size in 2029

USD 127.75 Mn.

CAGR (2023-2029)

5.3 Percent

Historic Data

2017-2021

Base Year

2022

Forecast Period

2023-2029

Segment Scope

by Product Type

  • Fire Based
  • Patio Heaters
  • Others

by Fuel Type

  • Electric
  • Gas/Propane
  • Wood & Solid Fuel

by Application

  • Catering and hospitality
  • Commercial and industrial space heating
  • Residential outdoors
  • Indoor agriculture/Livestock brooder

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Asia Pacific Outdoor Heating Market Key Players:

 


Frequently Asked Questions

Asia Pacific Outdoor Heating Market revenue is expected to grow at 5.3% through 2023 to 2029

  1. Scope of the Report
  2. Research Methodology
    • Research Process
    • Asia Pacific Outdoor Heating Market: Target Audience
    • Asia Pacific Outdoor Heating Market: Primary Research (As per Client Requirement)
    • Asia Pacific Outdoor Heating Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Market Share Analysis by Region in 2021(%)
      • Asia Pacific
    • Stellar Competition matrix
      • Asia Pacific Stellar Competition Matrix
    • Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry:- M&A by Region, Value, and Strategic Intent
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
      • Market Challenges
      • PESTLE Analysis
      • PORTERS Five Force Analysis
      • Value Chain Analysis
  5. Asia Pacific Outdoor Heating Market Segmentation
    • Asia Pacific Outdoor Heating Market, by Product Type (2022-2029)
      • Fire Based
      • Patio Heaters
      • Others
    • Asia Pacific Outdoor Heating Market, by Fuel Type (2022-2029)
      • Electric
      • Gas/Propane
      • Wood & Solid Fuel
    • Asia Pacific Lecithin and Phospholipids, by Application (2022-2029)
      • Catering and hospitality
      • Commercial and industrial space heating
      • Residential outdoors
      • Indoor agriculture/Livestock brooder
    • Asia Pacific Outdoor Heating Market, by Country (2022-2029)
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • ASEAN
      • Rest Of APAC
  6. Company Profiles
    • Key Players
      • SS Industries (India)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Business Strategy
        • Key Developments
      • KLC Corporation (China)
      • Jinjiang Jiaxing Groups (China)
      • Bright Max Co. Ltd (China)
      • Homful Group (China)
      • Market Union Co. Ltd (China)
      • YAMAOKA INDUSTRIAL CO., LTD. (Japan)
      • Napoleon
  7. Key Findings
  8. Recommendations

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