The Hearth market is expected to grow from USD 16.5 billion in 2019 to USD 20.96 billion by 2025 at a CAGR of 3.48% from 2019 to 2025.
In terms of modern or historic use, a hearth is mentioned as a stone or brick-lined fireplace, without or with an oven, essentially used for heating and also cooking food. For a long time, a hearth was a crucial part of a household and was mainly the most significant and central feature of the house. Former, a hearth was commonly placed in the center of the hall, with the smoke expanding to a smoke hole through the room. Later, such types of hearths were relocated to the side of a room and were installed with a chimney. In terms of fireplace design, a hearth is a crucial fragment of the fireplace, generally comprising masonry at the floor level or above and beneath the fireplace mantel. However, modern fireplaces have enhanced efficiency and have also been electrified, thus giving rise to the development of new types of hearths. The development of the market is the growing demand for home décor products and the cold climatic conditions in certain regions. The rising disposable income has improved the interest of the consumers towards esthetical products for home decoration. Growing developments in the hearth technologies and the use of the fuels that are smoke-free are driving the evolution of the market. Institutional, Residential, and Commercial. Based on Technology the market is segmented in Zone Heating Technology, Smart Home Integration, Direct Vent Technology, Intermittent Pilot Ignition System, and Others. Based on Placement the market is segmented in Outdoor Hearth, Portable Hearth, and Indoor Hearth. Based on Design, the global market is segmented in Modern Hearth and Traditional Hearth. The report also bifurcates the market based on Product in Stove, Insert, and Fireplace. The report also bifurcates the global Hearth the global Fuel Type market is segmented in Electricity, Pellet, Wood, and Gas.
The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
HNI Corporation (US), Innovative Hearth Products LLC (US), Travis Industries Inc. (US), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems Inc. (US), Hearth Products Controls Co. (US), Hearthstone Stoves (US), Montigo (Canada), Pacific Energy (Canada), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Hearth market has been segmented as below:
By Application
By Technology
By Placement
By Design
By Product
By Fuel Type
By Region
By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include HNI Corporation (US), Innovative Hearth Products LLC (US), Travis Industries Inc. (US), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems Inc. (US), Hearth Products Controls Co. (US), Hearthstone Stoves (US), Montigo (Canada), Pacific Energy (Canada), and others.
Why to Buy this Report:
Target Audience:
The report targeted the existing players in the industry is as follows:
Free and Paid Customization based on the requirement
Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 Hospitality
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Institutional
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Residential
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Commercial
5.5.1 Market Overview
5.5.2 Market Size and Forecast
6.1 Introduction
6.2 Zone Heating Technology
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Smart Home Integration
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Direct Vent Technology
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Intermittent Pilot Ignition System
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Others
6.6.1 Market Overview
6.6.2 Market Size and Forecast
7.1 Introduction
7.2 Outdoor Hearth
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Portable Hearth
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Indoor Hearth
7.4.1 Market Overview
7.4.2 Market Size and Forecast
8.1 Introduction
8.2 Modern Hearth
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Traditional Hearth
8.3.1 Market Overview
8.3.2 Market Size and Forecast
9.1 Introduction
9.2 Stove
9.2.1 Market Overview
9.2.2 Market Size and Forecast
9.3 Insert
9.3.1 Market Overview
9.3.2 Market Size and Forecast
9.4 Fireplace
9.4.1 Market Overview
9.4.2 Market Size and Forecast
10.1 Introduction
10.2 Electricity
10.2.1 Market Overview
10.2.2 Market Size and Forecast
10.3 Pellet
10.3.1 Market Overview
10.3.2 Market Size and Forecast
10.4 Wood
10.4.1 Market Overview
10.4.2 Market Size and Forecast
10.5 Gas
10.5.1 Market Overview
10.5.2 Market Size and Forecast
11.1 Introduction
11.2 North America
11.2.1 North America Market, By Application
11.2.2 North America Market, By Technology
11.2.3 North America Market, By Placement
11.2.4 North America Market, By Design
11.2.5 North America Market, By Product
11.2.6 North America Market, By Fuel Type
11.3 Europe
11.3.1 Europe Market, By Application
11.3.2 Europe Market, By Technology
11.3.3 Europe Market, By Placement
11.3.4 Europe Market, By Design
11.3.5 Europe Market, By Product
11.3.6 Europe Market, By Fuel Type
11.4 Asia-Pacific
11.4.1 Asia-Pacific Market, By Application
11.4.2 Asia-Pacific Market, By Technology
11.4.3 Asia-Pacific Market, By Placement
11.4.4 Asia-Pacific Market, By Design
11.4.5 Asia-Pacific Market, By Product
11.4.6 Asia-Pacific Market, By Fuel Type
11.5 Rest of the World
11.5.1 Rest of the World Market, By Application
11.5.2 Rest of the World Market, By Technology
11.5.3 Rest of the World Market, By Placement
11.5.4 Rest of the World Market, By Design
11.5.5 Rest of the World Market, By Product
11.5.6 Rest of the World Market, By Fuel Type
12.1 Key Insights
12.2 Company Market Share Analysis
12.3 Strategic Outlook
12.3.1 Mergers & Acquisitions
12.3.2 New Product Development
12.3.3 Portfolio/Production Capacity Expansions
12.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
12.3.5 Others
13.1 HNI Corporation (US)
13.1.1 Company Overview
13.1.2 Product/Service Landscape
13.1.3 Financial Overview
13.1.4 Recent Developments
13.2 Innovative Hearth Products LLC (US)
13.2.1 Company Overview
13.2.2 Pr