HOME Top Market Reports Hearth Market by Fuel Type (Gas, Wood, Electricity), Product (Fireplace, Stove, and Insert), Design (Traditional, and Modern), Placement (Indoor, Outdoor, and Portable), Technology, Application, and Geography - Global Forecast to 2022

Hearth Market by Fuel Type (Gas, Wood, Electricity), Product (Fireplace, Stove, and Insert), Design (Traditional, and Modern), Placement (Indoor, Outdoor, and Portable), Technology, Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: SE 3112

 

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The hearth market is expected to reach USD 18.43 Billion by 2022, at a CAGR of 2.5% between 2016 and 2022. On the basis of volume, the market is expected to register a shipment of 6,877.38 thousand units by 2022, at a CAGR of 4.1% during the forecast period.

The objective of this report is to define, describe, and forecast the market size and future growth potential of the hearth market across different segments such as fuel type, product, design, placement, and application. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The demand for hearth products is expected to be driven by factors such as the the cold weather conditions in certain regions and the growing interest for aesthetically appealing home decor products by the customers.

The research methodology used to estimate and forecast the market begins by capturing the number of units sold for each hearth products by fuel type. Calculations based on the shipment of hearth products led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary respondents is depicted in the below figure:

Hearth Market

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The hearth ecosystem includes component manufacturers; hearth manufacturers & system integrators such as HNI Corporation (U.S.), Travis Industries Inc. (U.S.), Innovative Hearth Products LLC (U.S.), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems, Inc. (U.S.); distributors; end-users; and post-sales service providers.

Key Target Audience:

  • Raw material & equipment suppliers
  • Original equipment manufacturers (OEMs)
  • Online product distributors
  • Installers and maintenance service providers
  • Fuel suppliers
  • Distributors and retailers
  • Research organizations
  • Component integrators
  • Interior designers

Scope of the Report:

The hearth market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. In this report, the market has been segmented as follows:

Hearth Market, by Fuel Type

  • Gas
  • Wood
  • Electric
  • Others

Hearth Market, by Product

  • Fireplace
  • Stove
  • Insert

Hearth Market, by Design

  • Traditional
  • Modern

Hearth Market, by Placement

  • Indoor Hearth
  • Outdoor Hearth
  • Portable Hearth

Hearth Market, by Application

  • Residential
  • Commercial
  • Hospitality
  • Institutions

Geographic Analysis of the Global Hearth Market:

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Country-wise breakdown of all the regions by application
  • Detailed analysis and profiling of additional five market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Process Flow of Market Size Estimation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Hearth Market
    4.2 Hearth Market, By Fuel Type
    4.3 Hearth Market in Europe
    4.4 North America Held the Largest Share of the Hearth Market in 2015
    4.5 Hearth Market, By Placement

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Hearth Market, By Fuel Type
           5.2.2 Hearth Market, By Product
           5.2.3 Hearth Market, By Design
           5.2.4 Hearth Market, By Placement
           5.2.5 Hearth Market, By Technology
           5.2.6 Hearth Market, By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Necessity of Hearth Products Due to Cold Climate in Certain Regions
                    5.3.1.2 Growing Interest for Aesthetic and Designer Houses/Restaurants
                    5.3.1.3 Use of Solar Energy for Hearth Products Would Drive the Market
           5.3.2 Restraints
                    5.3.2.1 Regulations By Environment Protection Agencies
                    5.3.2.2 Existence of Substitutes for Space Heating
           5.3.3 Opportunities
                    5.3.3.1 Emerging Automation Technologies
                    5.3.3.2 Hearths With Advanced and Smoke-Free Fuel Type
           5.3.4 Challenges
                    5.3.4.1 Additional Time to Market and Cost Incurred on Technological Advancement
                    5.3.4.2 Challenges Related to Pricing Strategies Due to Buyer’s Lack of Awareness

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industrial Technologies and Standards
           6.3.1 Industrial Technologies
           6.3.2 Standards
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of Substitutes
           6.4.2 Threat of New Entrants
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Intensity of Competitive Rivalry

7 Hearth Market, By Fuel Type (Page No. - 55)
    7.1 Introduction
    7.2 Gas
    7.3 Wood
    7.4 Electricity
    7.5 Others

8 Hearth Market, By Product (Page No. - 67)
    8.1 Introduction
    8.2 Fireplaces
    8.3 Stoves
    8.4 Inserts

9 Hearth Market, By Design (Page No. - 76)
    9.1 Introduction
    9.2 Traditional Hearths
    9.3 Modern Hearths
           9.3.1 Sensors
           9.3.2 Burners
           9.3.3 Remote Control Systems
           9.3.4 Valve Kits
           9.3.5 Other Components

10 Hearth Market, By Placement (Page No. - 83)
     10.1 Introduction
     10.2 Indoor Hearths
     10.3 Outdoor Hearths
     10.4 Portable Hearths

11 Hearth Market, By Technology (Page No. - 90)
     11.1 Introduction
     11.2 Direct Vent Technology
     11.3 Intermittent Pilot Ignition System
     11.4 Zone Heating Technology
     11.5 Other Technologies

12 Hearth Market, By Application (Page No. - 92)
     12.1 Introduction
     12.2 Residential
     12.3 Commercial
     12.4 Hospitality
     12.5 Institutions

13 Geographic Analysis (Page No. - 101)
     13.1 Introduction
     13.2 North America
             13.2.1 U.S.
             13.2.2 Canada
             13.2.3 Mexico
     13.3 Europe
             13.3.1 U.K.
             13.3.2 Germany
             13.3.3 Russia
             13.3.4 Rest of Europe
     13.4 APAC
             13.4.1 China
             13.4.2 Japan
             13.4.3 South Korea
             13.4.4 Rest of APAC
     13.5 RoW
             13.5.1 South America
             13.5.2 South Africa

14 Competitive Landscape (Page No. - 122)
     14.1 Introduction
     14.2 Market Ranking for Hearth Market, 2015
     14.3 Competitive Scenario and Trends
     14.4 Developments
             14.4.1 New Product Launches and Product Upgrade
             14.4.2 Projects Undertaken
             14.4.3 Acquisitions

15 Company Profiles (Page No. - 127)
(Overview, Products and Services, Financials, Strategy & Development)*
     15.1 Introduction
     15.2 HNI Corporation (Hearth & Home Technologies LLC)
     15.3 Travis Industries Inc.
     15.4 Innovative Hearth Products LLC.
     15.5 FPI Fireplace Products International Ltd.
     15.6 Napoleon Products (Wolf Steel Ltd.)
     15.7 Empire Comfort Systems, Inc.
     15.8 Hearth Products Controls Co.
     15.9 Hearthstone Stoves
     15.10 Montigo
     15.11 Pacific Energy

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 150)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real-Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports


List of Tables (69 Tables)

Table 1 Continental Temperature Anomalies, January–June 2016
Table 2 Porter’s Five Forces Analysis: Overall Impact on the Market Was Medium in 2015
Table 3 Hearth Market, By Fuel Type, 2013–2022 (USD Billion)
Table 4 Hearth Market, By Fuel Type, 2013–2022 (Thousand Units)
Table 5 Market for Gas-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 6 Market for Gas-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 7 Market for Gas-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 8 Market for Wood-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 9 Market for Wood-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 10 Market for Wood-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 11 Market for Electric-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 12 Market for Electric-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 13 Market for Electric-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 14 Market for Other Fuels-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 15 Market for Other Fuels-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 16 Market for Other Fuels-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 17 Hearth Market, By Product, 2013–2022 (USD Billion)
Table 18 Hearth Market for Fireplaces , By Design, 2013–2022 (USD Billion)
Table 19 Hearth Market for Fireplaces, By Fuel Type, 2013–2022 (USD Billion)
Table 20 Hearth Market for Fireplaces, By Region, 2013–2022 (USD Billion)
Table 21 Hearth Market for Stoves, By Design, 2013–2022 (USD Billion)
Table 22 Hearth Market for Stoves, By Fuel Type, 2013–2022 (USD Billion)
Table 23 Hearth Market for Stoves, By Region, 2013–2022 (USD Billion)
Table 24 Hearth Market for Inserts, By Design, 2013–2022 (USD Billion)
Table 25 Hearth Market for Inserts, By Fuel Type, 2013–2022 (USD Billion)
Table 26 Hearth Market for Inserts, By Region, 2013–2022 (USD Billion)
Table 27 Hearth Market, By Design, 2013–2022 (USD Billion)
Table 28 Market for Traditional Hearths, By Region, 2013–2022 (USD Billion)
Table 29 Market for Traditional Hearths, By Product, 2013–2022 (USD Billion)
Table 30 Market for Modern Hearths, By Region, 2013–2022 (USD Billion)
Table 31 Market for Modern Hearths, By Product, 2013–2022 (USD Billion)
Table 32 Hearth Market, By Placement, 2013–2022 (USD Billion)
Table 33 Market for Indoor Hearths, By Application, 2013–2022 (USD Billion)
Table 34 Market for Outdoor Hearths, By Application, 2013–2022 (USD Billion)
Table 35 Market for Portable Hearths, By Application, 2013–2022 (USD Billion)
Table 36 Hearth Market, By Application, 2013–2022 (USD Billion)
Table 37 Hearth Market for Residential, By Region, 2013–2022 (USD Billion)
Table 38 Hearth Market for Residential, By Placement, 2013–2022 (USD Billion)
Table 39 Hearth Market for Commercial, By Region, 2013–2022 (USD Billion)
Table 40 Hearth Market for Commercial, By Placement, 2013–2022 (USD Billion)
Table 41 Hearth Market for Hospitality, By Region, 2013–2022 (USD Billion)
Table 42 Hearth Market for Hospitality, By Placement, 2013–2022 (USD Billion)
Table 43 Hearth Market for Institutions, By Region, 2013–2022 (USD Billion)
Table 44 Hearth Market for Institutions, By Placement, 2013–2022 (USD Billion)
Table 45 Hearth Market, By Region, 2013–2022 (USD Billion)
Table 46 Hearth Market in North America, By Country, 2013–2022 (USD Billion)
Table 47 Hearth Market in North America, By Application, 2013–2022 (USD Billion)
Table 48 Hearth Market in North America, By Design, 2013–2022 (USD Billion)
Table 49 Hearth Market in North America, By Fuel Type, 2013–2022 (USD Billion)
Table 50 Hearth Market in North America, By Product, 2013–2022 (USD Billion)
Table 51 Hearth Market in Europe, By Country, 2013–2022 (USD Billion)
Table 52 Hearth Market in Europe, By Application, 2013–2022 (USD Billion)
Table 53 Hearth Market in Europe, By Design, 2013–2022 (USD Billion)
Table 54 Hearth Market in Europe, By Fuel Type, 2013–2022 (USD Billion)
Table 55 Hearth Market in Europe, By Product, 2013–2022 (USD Billion)
Table 56 Hearth Market in APAC, By Country, 2013–2022 (USD Billion)
Table 57 Hearth Market in APAC, By Application, 2013–2022 (USD Billion)
Table 58 Hearth Market in APAC, By Design, 2013–2022 (USD Billion)
Table 59 Hearth Market in APAC, By Fuel Type, 2013–2022 (USD Billion)
Table 60 Hearth Market in APAC, By Product, 2013–2022 (USD Billion)
Table 61 Hearth Market in RoW, By Country, 2013–2022 (USD Billion)
Table 62 Hearth Market in RoW, By Application, 2013–2022 (USD Billion)
Table 63 Hearth Market in RoW, By Design, 2013–2022 (USD Billion)
Table 64 Hearth Market in RoW, By Fuel Type, 2013–2022 (USD Billion)
Table 65 Hearth Market in RoW, By Product, 2013–2022 (USD Billion)
Table 66 Market Rank Analysis of the Top Players in the Hearth Market
Table 67 New Product Launches, 2014–2016
Table 68 Projects Undertaken, 2015–2016
Table 69 Acquisitions, 2014


List of Figures (64 Figures)

Figure 1 Segmentation: Hearth Market
Figure 2 Hearth Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Growth of Hearth Market Till 2022
Figure 7 Electric-Based Hearths Expected to Hold the Largest Share of the Hearth Market During the Forecast Period
Figure 8 Inserts Expected to Register the Highest Growth Rate in the Hearth Market During the Forecast Period
Figure 9 Modern Hearth Market is Expected to Dominate the Traditional Hearth Market During the Forecast Period
Figure 10 Hospitality Application Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 11 North America Held the Largest Share of the Hearth Market in 2015
Figure 12 Significant Rate of Adoption of Hearth Products Expected in Europe Between 2016 and 2022
Figure 13 Market for Electric Hearths Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Residential Application Held the Largest Share of the Hearth Market in Europe in 2015
Figure 15 U.S. Dominated the Hearth Market in 2015
Figure 16 Indoor Hearths Expected to Hold the Largest Share of the Hearth Market During the Forecast Period
Figure 17 Hearth Market, By Geography
Figure 18 Demand in the Cold Countries and Growing Interest for Home Decor Products are Driving the Hearth Market
Figure 19 Value Chain Analysis: Major Value Added During the Component Manufacturing and Hearth Manufacturing & System Integration Phases
Figure 20 Porter’s Five Forces Analysis, 2015
Figure 21 Hearth Market: Porter’s Five Forces Analysis
Figure 22 Impact of Threat of Substitutes on the Hearth Market Was Medium in 2015
Figure 23 Impact of Threat of New Entrants on the Hearth Market Was Low in 2015
Figure 24 Impact of Bargaining Power of Buyers on the Hearth Market Was High in 2015
Figure 25 Impact of Bargaining Power of Suppliers on the Hearth Market Was Low in 2015
Figure 26 Impact of Intensity of Competitive Rivalry on the Hearth Market Was Medium in 2015
Figure 27 Hearth Market: By Fuel Type
Figure 28 Electric-Based Hearths Held the Largest Market Share in 2015
Figure 29 Europe Expected to Register the Highest Growth Rate in the Gas-Based Hearth Market During the Forecast Period
Figure 30 Electric-Based Inserts Expected to Grow at the Highest Rate During the Forecast Period
Figure 31 Hearth Market: By Product
Figure 32 Inserts Likely to Grow at the Highest Rate During the Forecast Period
Figure 33 North America Held the Largest Share of the Market for Fireplace in 2015
Figure 34 Electric-Based Inserts Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 35 Hearth Market: By Design
Figure 36 Modern Hearth Market to Grow at the Highest Rate During the Forecast Period
Figure 37 Europe to Grow at the Highest Rate in the Modern Hearth Market During the Forecast Period
Figure 38 Hearth Market, By Placement
Figure 39 Indoor Hearths are Expected to Dominate the Overall Market During the Forecast Period
Figure 40 Hospitality Application Expected to Grow at the Highest Rate in the Market for Indoor Hearths During the Forecast Period
Figure 41 Hearth Market, By Technology
Figure 42 Hearth Market, By Application
Figure 43 Hospitality Application Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 44 Portable Hearth Expected to Grow at the Highest Rate in the Hearth Market for Residential Application During the Forecast Period
Figure 45 Europe Expected to Grow at the Highest Rate in the Hearth Market for Hospitality Application During the Forecast Period
Figure 46 Hearth Market: By Region
Figure 47 U.K. and Russia Likely to Register High Growth Rate During the Forecast Period
Figure 48 Hearth Market Segmentation: North America
Figure 49 North America Market Snapshot, 2016
Figure 50 Hearth Market Segmentation: Europe
Figure 51 Europe Market Snapshot, 2016
Figure 52 Hearth Market Segmentation: APAC
Figure 53 APAC Market Snapshot, 2016
Figure 54 Hearth Market Segmentation: RoW
Figure 55 RoW Market Snapshot, 2016
Figure 56 Key Growth Strategies Adopted By the Leading Players During 2014-2016
Figure 57 Market Evaluation Framework
Figure 58 New Product Launches: the Key Strategy in the Battle of the Market Share During 2014 and 2016
Figure 59 HNI Corporation: Company Snapshot
Figure 60 HNI Corporation: SWOT Analysis
Figure 61 Travis Industries Inc.: SWOT Analysis
Figure 62 Innovative Hearth Products LLC.: SWOT Analysis
Figure 63 FPI Fireplace Products International Ltd.: SWOT Analysis
Figure 64 Napoleon Products: SWOT Analysis

According to the MarketsandMarkets forecast, the hearth market size, in terms of value, is expected to reach USD 18.43 Billion by 2022, at a CAGR of 2.5% between 2016 and 2022. On the basis of volume, the market is expected to register a shipment of 6,877.38 thousand units by 2022, at a CAGR of 4.1% during the forecast period. The major growth drivers for the market include factors such as the the cold weather conditions in certain regions and the rising interest for aesthetically appealing home decor products by the customers.

The scope of this report covers the hearth market on the basis of fuel type, product, design, placement, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the hearth market.

The electric-based hearth market is expected to grow at the highest CAGR between 2016 and 2022. The benefits of electric hearths include efficient space heating along with low emissions, which make them more environment-friendly. Electric appliances are easier to clean as there are no ash of wood and logs. These are also more economical than other hearths as they require low maintenance and installation costs.

In terms of applications, the hospitality application is expected to register the highest growth during the forecast period. The amusement places such as hotels, restaurants, bars, and cafes install indoor and outdoor hearths to provide the customers a good experience, comfort, and artistic appeal. They even install their grilling and barbeque set up in the outdoors to give the customers a better dining experience.

Hearth Market

The market is largely dominated by North America because of the strong presence of key players offering hearth products in these regions. North America held the largest share of the overall market in 2015, while Europe is the most promising region for the ecosystem and is expected to witness the highest CAGR because of the extreme cold weather and therefore adoption of various heating appliances in and around the houses.

Regulations imposed by environmental regulating bodies and existence of various substitutes are the major factors restraining the growth of the said market. The availability of hearths with various automated technologies and smoke-free fuel types is expected to boost the growth of the hearth market. The major vendors in this market are HNI Corporation (U.S.), Travis Industries Inc. (U.S.), Innovative Hearth Products LLC (U.S.), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems, Inc. (U.S.), Hearth Products Controls Co. (U.S.), Hearthstone Stoves (U.S.), Montigo (Canada), and Pacific Energy (Canada) among others. These players adopted various strategies such as new product developments, acquisitions, partnerships, and business expansions to cater to the needs of the market.

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Available Customizations Title

Client Consult Problem Statement :

The company (client), a leading manufacturer of hearth, was interested in project involving “Hearth Market”. The study also demanded to define, describe, and forecast the hearth market on the basis of fuel, product, style, and region. The client also wanted to strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market. The hearth industry has matured over two decades and during this period; it has experienced some serious cyclical ups and downs. The client wanted to understand the scope of Electric Hearths which are getting more commercialized and are environment friendly

Solution Provided:

This study carried out through a combination of extensive secondary research followed by primary discus....

This study carried out through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders, manufacturers and their customers. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi- structured questionnaire to understand and provide the In-depth analysis . By conducting numerous in-depth market evaluation using foundations of both qualitative & quantitative interview approaches along with the expertise of consulting team at MnM.MnM also obtained information on, usage trends, future growth prospects for target end user industries from Hearth Market. The customers were interviewed to understand their current and forecast usage in various applications which further validated the market number through bottom up approach

Value Delivered

  • MnM’s client was able to understand the current scenario of the Hearth market. Also, the market forecasts were provided to focus client’s attention to the high growth markets of Hearth.
  • The competitors benchmarking also helped to understand the client’s present situation in the market and further helps the client to make short and long term strategies to gain the market share in the Hearth market
  • Client was provided with information such as product life cycle analysis, environmental impact and price analysis
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Client Consult Problem Statement :

MnM’s client who is one of the leading manufacturers of hearth and fireplaces was interested in project involving “Hearth Market Assessment”. The key objective for the study involved:

  1. In-depth analysis of Hearth market by fuel, products, style and geography
  2. Product life cycle analysis, environmental impact, porter’s analysis and shipment analysis
  3. Competitive benchmarking with respect to product line and strategic developments

Solution Provided:
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of exten....
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders, hearth manufacturers and their customers. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi- structured questionnaire to understand and provide the In-depth analysis . MnM also obtained information on, usage trends, future growth prospects for target end user industries from hearth market. The customers were interviewed to understand their current and forecast usage in various applications which further validated the market number through bottom up approach
  2. Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-
    • Market size of the hearth market by fuel, product, style and geography in terms of volume and value
    • Hearth manufacturer product details with detailed federal standards impacting this industry
    • Developments trends in this market and the competitors analysis, benchmarking on the basis of applications, comparative SWOT analysis of the manufacturers, product life cycle analysis, environmental impact and pricing analysis

Value Delivered:

MnM’s client was able to understand the current scenario of the hearth market. Also, the market forecasts were provided to focus client’s attention to the high growth markets of hearth industry

The competitors benchmarking also helped to understand the client’s present situation in the value chain of this industry. In addition detailed Competitive Landscape covered by the percentage breakups of strategies used by the key industry players of hearth industry

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