Hearth Market

Hearth Market by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplaces, Inserts, Stoves), Placement, Design, Application, Fireplace Type, Vent Availability, Ignition Type, Material and Region - Global Forecast to 2027

Report Code: SE 3112 Jul, 2022, by marketsandmarkets.com

[218 Pages Report] The hearth market report share is estimated to be USD 9.3 Billion in 2021 and expected to reach USD 14.8 billion by 2027, at a CAGR of 7.7%  from 2021 to 2027.

The availability of numerous standard and customized hearth design options are among the factors driving the growth of the hearth market.

Hearth Market

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Market Dynamics:

Driver: Increasing demand for home automation

Home automation is the automation of common household activities and processes with centralized control. Devices and appliances can transmit information or commands that can be remotely controlled over a common connected network. Having inbuilt information about regular usage can help the system respond to users’ needs, indicate important abnormalities, or prevent unwanted accidents. With smart home devices, users can remotely monitor their home appliances and ensure that all devices are safely switched off. A few of the most significant advantages of home automation are that it keeps surroundings safe, controls the fireplace, and prevents accidental fires, water leaks, gas leaks, and other disasters.

Automated homes enable the user to control energy use better, all while automating things such as adjusting temperature, turning lights on and off, and opening and closing window treatments based on the weather. Automation provides insights into energy use, eventually leading to energy efficiency and awareness of ecological factors.

Restraints: High installation and maintenance costs of hearths/fireplaces

The installation cost of a hearth includes the cost of the flue, vent, or chimney. In the case of a gas fireplace, gas line installation is required. In the case of an electric fireplace, wiring installation is required, along with ongoing electricity costs. A wood-burning fireplace requires frequent cleaning due to soot build-up. Technological upgrades, government regulations, environmental norms, and strict testing and approval requirements can lengthen the manufacturing cycle time, along with additional costs, to introduce products in the market. The high additional costs would increase the price of hearths, owing to which buyers might opt for other substitutes for space heating.

Opportunity: Growing demand for hearth products in hospitality industry

Fireplaces for the hospitality industry, such as hotels, restaurants, clubs, and urban shops, make the public space look spectacular. Hospitality fireplaces illuminate and give life to the décor and enhance the interiors that appeal to the visitors. The decor reflects the brand image of a hotel, restaurant, bar, clubhouse, shop, or public space; it acts as a crucial element in the customer experience during their visit. The 3D water vapor fireplace insert is an extraordinary fire tool for enhancing the decor of public establishments. Fireplaces create a unique atmosphere in an original and personalized arrangement. However, two essential criteria must be considered for spaces open to the public absolute safety and ease of use. Water vapor fireplace inserts with perfectly real cold flames cannot cause fires, burns, or dangers of any kind. They are 100% safe and can be installed anywhere, particularly in public spaces, without authorization. Designers, architects, interior decorators, and builders are the chief drivers of demand for decor who increasingly use3D decorative fireplaces. A water vapor insert can be installed anywhere. One can imagine a hotel fireplace at the reception, a hotel fireplace in the rooms, or the bar. A fireplace forms an attractive decor item for restaurants, pubs, and places of relaxation or conviviality.

Challenge: Strict government regulations pertaining to environment protection

The US Department of Energy (DOE) has been considering federal regulation of gas hearth appliances for years. While specifically seeking to ban pilot lights on all vented gas fireplaces, stoves, and inserts, federal regulation of these appliances would require DOE to impose increasingly stricter regulatory requirements over the years. The Environmental Protection Agency (EPA) updated its 1988 regulations for new residential wood and pellet stoves, hydronic heaters, and wood-burning forced air furnaces. The agency’s regulation, New Source Performance Standards (NSPS), is a two-step ruling stating that manufacturers of wood stove heaters must comply with new particulate matter emission standards, Step 1, by May 2015, and the second set of standards, Step 2, by May 2020. Many manufacturers were able to comply with Step 1 of the rule. However, Step 2, which has a hard cut-off date without a retail sell-through after May 2020, does not provide manufacturers the time necessary to design, test, and manufacture products that meet the requirements.

By fuel type, gas-based hearths segment is expected to grow with the highest CAGR during the forecast period

The market for gas-based hearths is expected to grow at the second-highest CAGR of 8.1% during the forecast period. Gas hearths are noted for their clean-burning characteristics. Compared with wood hearths, natural gas hearths produce much less carbon monoxide and particulate emissions. They are also easy to use and require little maintenance. These factors are propelling the growth of gas hearths in the hearth market.

Outdoor hearth segment is expected to grow with the highest CAGR during the forecast period.

Outdoor hearths are projected to grow at the highest CAGR of 8.3% during the forecast period. Traditionally, outdoor hearths were intended for cooking and barbecue; nowadays, these are considered a style statement for many users. Currently, outdoor hearths are available in various designs. They convert the deck, patio, or garden into a comforting and cozy retreat. Outdoor hearths can also extend the use of outdoor space in colder climates by warming the space to comfortable temperatures. The most important aspect of an outdoor hearth is the esthetic value. These are generally deployed in front yards and backyards of houses, gardens, and other places as they tie the backyard to the house. An outdoor hearth enhances the look of the entire backyard and makes the patio more private and cozier while adding interest to the home and backyard scenery. It is a good investment worth considering as it adds value to the space and will benefit at a resell point.

In 2027, North America is projected to hold the largest share of the overall hearth market

Hearth Market by Region

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North America held the largest share of ~64% of the hearth market in 2021 and a similar trend is expected during the forecast period. The colder climates and technological advancements in these countries have enabled them to lead the hearth market. Due to the cold climatic conditions, heating devices are widely used in households and other indoor places throughout North America. Aside from heating rooms, hearths are also widely used in cold regions for cooking and heating water for laundry and domestic use.North America is expected to continue holding the largest market share during the forecast period.

Key Market Players

HNI Corporation (US); Glen Dimplex (Ireland); Napoleon (Canada); Travis Industries (AXIS Industrial Holdings, Inc.) (US); HPC Fire Inspired (US); Montigo (Canada); Stove Builder International (SBI) (Canada); Innovative Hearth Products (US); Empire Comfort Systems (US); GHP Group Inc (US) are some of the key players in the hearth market.

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 Hearth Market Report Scope :

Report Metric

Details

 Market Size Value in 2021 USD 9.3 Billion
 Revenue Forecast in 2027 USD 14.8 Billion
 Growth Rate 7.7%

Historical Data Available for Years

2018–2027

Base Year Considered

2020

Forecast Period

2021–2027

 

Segments Covered

 

  • By product,
  • Byfuel type,
  • By Placement,
  • By Design,
  • By Ignition type,
  • By Vent availability,
  • By Application,
  • By Fireplace type,
  • By Type of material and region

Region Covered

  •  North America,
  • Europe,
  • Asia Pacific,
  • RoW

 

 

Market Leaders

 Top Companies in North America 
  •  HNI Corporation (US); 
  • Travis Industries (AXIS Industrial Holdings, Inc.) (US);
  • HPC Fire Inspired (US)
  • Innovative Hearth Products (US)
  • GHP Group Inc (US)
 Key Market Driver  Increasing demand for home automation
 Key Market Opportunity Growing demand for hearth products in hospitality industry
 Largest Growing Region North America
 Largest Market Share Segment Gas-based hearths
Highest CAGR Segment Outdoor hearth

This research report categorizes the hearth market based on product, fuel type, placement, design, ignition type, vent availability, application, fireplace type, type of material and region.

Hearth Market :

Based on Product:

  • Fireplaces
  • Stoves
  • Inserts

Based on Fuel Type:

  • Introduction
  • Wood
  • Gas
  • Electricity
  • Pellet

Hearth Market , By Placement

  • Introduction
  • Indoor Hearth
  • Outdoor Hearth
  • Portable Hearth

Hearth Market , By Design

  • Introduction
  • Traditional Hearth
  • Modern Hearth
    • Sensor
    • Burner
    • Remote Control System
    • Valve Kit
    • Other Components

Hearth Market, By Ignition Type

  • Introduction
  • Electronic Ignition
    • Intermittent Pilot Ignition (IPI)
    • Hot Surface Ignition
  • Standing Pilot Ignition

Hearth Market , By Vent Availability

  • Introduction
  • Vented Hearth
  • Unvented Hearth

Hearth Market , By Application

  • Introduction
  • Residential
  • Commercial
  • Hospitality
  • Institutional

Hearth Market , By Fireplace Type

  • Introduction
  • Single-Sided Fireplaces
  • Multi-Sided Fireplaces

Hearth Market , By Type of Material

  • Introduction
  • Brick
  • Granite
  • Marble
  • Stone
  • Slate
  • Quarry Tiles

Based on Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • EU5
      • UK
      • Germany
      • France
      • Italy
      • Spain
    • Eastern Europe
    • Russia
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Southeast Asia
    • Rest of Asia Pacific
  • Rest of the world
    • South America
    • Middle East & Africa (MEA)

Recent Developments

  • In May 2022, Montigo launched the DRL3613 DelRay Linear, a minimalist residential gas fireplace. It offers efficiency and elegance to enhance the overall ambiance of the space.
  • In April 2022, Stove Builder International (SBI) acquired the assets of England’s Stove Works (ESW), an Amherst County manufacturer of wood-fired and pellet-fired hearth products. This acquisition enabled SBI to add production capacity in the US.
  • In February 2022, Glen Dimplex acquired SmarterDM, a niche software and hardware development company. With this acquisition, both the companies are expected to strengthen their domain expertise and customer base.
  • In November 2021, Hearth & Home Technologies acquired The Outdoor GreatRoom Company, a manufacturer and supplier of premium outdoor living products. With the acquisition, The Outdoor GreatRoom Company's product portfolio will be added to Hearth & Home Technologies, strengthening its leading position.
  • In October 2021, Hearth & Home Technologies acquired Trinity Fireside, a leading fireplace installer. With this acquisition, Trinity will be rebranded as Fireside Hearth & Home and become one of 20+ Fireside installing distributor locations nationally. Also, Trinity’s legacy will strengthen Hearth & Home Technologies’s builder and consumer needs.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 HEARTH MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
          FIGURE 2 HEARTH MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 List of key primary interview participants
                    2.1.3.2 Breakdown of primaries
                                FIGURE 3 BREAKDOWN OF PRIMARIES
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Key industry insights
    2.2 FACTOR ANALYSIS
           2.2.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN HEARTH MARKET
           2.2.2 DEMAND-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND-SIDE ANALYSIS)
    2.3 MARKET SIZE ESTIMATION
          FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market share using bottom-up analysis (demand side)
                                FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market share using top-down analysis (supply side)
                                FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 GROWTH PROJECTION AND FORECASTING ASSUMPTIONS
                    TABLE 1 MARKET GROWTH ASSUMPTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 9 HEARTH MARKET: DATA TRIANGULATION
    2.5 ASSUMPTIONS
          TABLE 2 KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT
    2.6 LIMITATIONS
    2.7 RISK ASSESSMENT
          TABLE 3 RISK ASSESSMENT: HEARTH MARKET

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 10 GROWTH PROJECTION OF HEARTH MARKET IN REALISTIC SCENARIO
    FIGURE 11 INSERTS TO HOLD LARGEST SHARE OF HEARTH MARKET IN 2027
    FIGURE 12 ELECTRICITY FUEL TYPE PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 13 RESIDENTIAL SEGMENT EXPECTED TO HOLD LARGEST SHARE OF HEARTH MARKET IN 2027
    FIGURE 14 NORTH AMERICA TO LEAD HEARTH MARKET FROM 2022 TO 2027

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN HEARTH MARKET
          FIGURE 15 GROWING ADOPTION OF HEARTHS IN AND AROUND HOUSES TO COUNTER FRIGID WEATHER DRIVES MARKET GROWTH
    4.2 HEARTH MARKET, BY VENT AVAILABILITY
          FIGURE 16 VENTED HEARTHS TO HOLD LARGEST SHARE OF MARKET FROM 2022 TO 2027
    4.3 HEARTH MARKET, BY PLACEMENT
          FIGURE 17 INDOOR HEARTHS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    4.4 HEARTH MARKET, BY IGNITION TYPE
          FIGURE 18 ELECTRONIC IGNITION TO HOLD LARGEST SHARE OF  MARKET IN 2022
    4.5 HEARTH MARKET, BY APPLICATION
          FIGURE 19 RESIDENTIAL APPLICATIONS TO HOLD LARGEST SHARE OF  MARKET IN 2022
    4.6 HEARTH MARKET, BY REGION
          FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF  MARKET IN 2027
    4.7 HEARTH MARKET, BY COUNTRY
          FIGURE 21 CHINA TO RECORD HIGHEST CAGR IN OVERALL MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 22 HEARTH MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for home automation
                                FIGURE 23 HOME AUTOMATION GROWTH IN NORTH AMERICA, 2016–2021
                    5.2.1.2 Increasing demand for esthetically appealing fireplaces
                    5.2.1.3 Growing adoption of hearths in and around houses to counter frigid weather
                    5.2.1.4 Availability of numerous customized hearth designs
                                FIGURE 24 MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation and maintenance costs of hearths/fireplaces
                                FIGURE 25 MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for hearth products in hospitality industry
                    5.2.3.2 Replacing aging space heating equipment
                                FIGURE 26 MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Strict government regulations pertaining to environmental protection
                                FIGURE 27 MARKET CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS
          FIGURE 28 SUPPLY CHAIN OF HEARTH MARKET
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN  MARKET
                    FIGURE 29 REVENUE SHIFT IN  MARKET
    5.4 HEARTH MARKET ECOSYSTEM
          FIGURE 30 ECOSYSTEM OF HEARTH MARKET
          TABLE 4 LIST OF HEARTH PRODUCT MANUFACTURERS AND SUPPLIERS
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 TECHNOLOGY TRENDS IN HEARTH MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
          TABLE 5 HEARTH MARKET: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 CASE STUDY
           5.7.1 FLOATING HEARTH
           5.7.2 USE OF MATERIALS AND FURNISHINGS TO ACHIEVE THEATRICAL FEEL
           5.7.3 HEALING ENVIRONMENT FOR PATIENTS
    5.8 AVERAGE SELLING PRICE ANALYSIS
           5.8.1 AVERAGE SELLING PRICE OF HEARTH PRODUCTS BY KEY PLAYERS, BY FUEL TYPE
                    FIGURE 32 AVERAGE SELLING PRICE OF KEY PLAYERS, BY FUEL TYPE
                    TABLE 6 AVERAGE SELLING PRICE OF HEARTH PRODUCTS BY KEY PLAYERS, BY FUEL TYPE (USD)
           5.8.2 AVERAGE SELLING PRICE TREND
                    TABLE 7 AVERAGE SELLING PRICE OF HEARTH PRODUCTS, BY FUEL TYPE (USD)
                    FIGURE 33 AVERAGE PRICE: MARKET, BY FUEL TYPE
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.10 TRADE ANALYSIS
           5.10.1 IMPORT SCENARIO
                     TABLE 10 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                     TABLE 11 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
    5.11 PATENT ANALYSIS, 2012–2021
           FIGURE 36 NUMBER OF PATENTS GRANTED FOR MARKET, 2012–2021
           FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED FOR HEARTH MARKET, 2021
           TABLE 12 LIST OF PATENTS IN MARKET, 2020–2021
    5.12 KEY CONFERENCES & EVENTS, 2022–2023
           TABLE 13 HEARTH MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.13 TARIFFS AND REGULATORY LANDSCAPE
           TABLE 14 CODES AND STANDARDS RELATED TO MARKET
    5.14 REGULATIONS AND REQUIREMENTS FOR MASONRY FIREPLACES AND CHIMNEYS
           TABLE 15 SUMMARY OF REQUIREMENTS FOR MASONRY FIREPLACES AND CHIMNEYS

6 HEARTH MARKET, BY PRODUCT (Page No. - 81)
    6.1 INTRODUCTION
          FIGURE 38 INSERTS PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
          TABLE 16 MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
          TABLE 17 MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    6.2 FIREPLACES
           6.2.1 FIREPLACES ARE STRUCTURES TO COOK OR GET LIGHT AND HEAT
                    TABLE 18 FIREPLACES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 19 FIREPLACES: MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.3 STOVES
           6.3.1 MODERN WOOD STOVES ARE CLEAN AND EFFICIENT WITH SEVERAL ENVIRONMENTAL BENEFITS
                    TABLE 20 STOVES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 21 STOVES: MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.4 INSERTS
           6.4.1 INSERTS CAN BE POWERED BY GAS, PROPANE, ELECTRICITY, PELLET, WOOD, AND COAL
                    TABLE 22 INSERTS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 23 INSERTS: MARKET, BY REGION, 2022–2027 (USD MILLION)

7 HEARTH MARKET, BY FUEL TYPE (Page No. - 87)
    7.1 INTRODUCTION
          FIGURE 39 ELECTRICITY FUEL TYPE PROJECTED TO HOLD LARGEST MARKET SHARE IN 2027
          TABLE 24 MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
          TABLE 25 MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
          TABLE 26 MARKET, BY FUEL TYPE, 2018–2021 (THOUSAND UNITS)
          TABLE 27 MARKET, BY FUEL TYPE, 2022–2027 (THOUSAND UNITS)
    7.2 WOOD
           7.2.1 WOOD IS COMPATIBLE FOR USE IN INDOOR AND OUTDOOR HEARTHS
                    TABLE 28 WOOD: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 29 WOOD: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 GAS
           7.3.1 MODERN GAS HEARTHS ARE VISUALLY ATTRACTIVE AND EASY TO USE
                    TABLE 30 GAS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 31 GAS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 ELECTRICITY
           7.4.1 LOWER INSTALLATION AND MAINTENANCE COSTS OF ELECTRIC HEARTHS LIKELY TO ACCELERATE THEIR DEMAND
                    TABLE 32 ELECTRICITY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 33 ELECTRICITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 PELLET
           7.5.1 PELLET HEARTHS CAN BURN VARIETY OF MATERIALS, INCLUDING BY-PRODUCTS OF SAWMILLS
                    TABLE 34 PELLET: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 35 PELLET: MARKET, BY REGION, 2022–2027 (USD MILLION)

8 HEARTH MARKET, BY PLACEMENT (Page No. - 94)
    8.1 INTRODUCTION
          FIGURE 40 INDOOR HEARTHS PROJECTED TO OCCUPY LARGEST MARKET SHARE IN 2027
          TABLE 36 MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
          TABLE 37 MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
    8.2 INDOOR HEARTHS
           8.2.1 INDOOR HEARTHS ARE INTEGRATED WITH DIFFERENT TECHNOLOGIES AND COME IN VARIED SHAPES AND SIZES
                    TABLE 38 INDOOR HEARTHS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 39 INDOOR HEARTHS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 OUTDOOR HEARTHS
           8.3.1 OUTDOOR HEARTHS CONTRIBUTE TO ESTHETIC VALUE OF A PLACE
                    TABLE 40 OUTDOOR HEARTHS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 41 OUTDOOR HEARTHS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 PORTABLE HEARTHS
           8.4.1 PORTABLE HEARTHS ARE FUEL-EFFICIENT AND AFFORDABLE
                    TABLE 42 PORTABLE HEARTHS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 43 PORTABLE HEARTHS: MARKET, BY REGION, 2022–2027 (USD MILLION)

9 HEARTH MARKET, BY DESIGN (Page No. - 99)
    9.1 INTRODUCTION
          FIGURE 41 MODERN HEARTHS EXPECTED TO REGISTER HIGHER CAGR BETWEEN 2022 AND 2027
          TABLE 44 MARKET, BY DESIGN, 2018–2021 (USD MILLION)
          TABLE 45 MARKET, BY DESIGN, 2022–2027 (USD MILLION)
    9.2 TRADITIONAL HEARTHS
           9.2.1 DIFFICULTY IN SWEEPING CHIMNEYS INCREASE MAINTENANCE AND OPERATIONAL COSTS
                    TABLE 46 TRADITIONAL HEARTHS:  MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 47 TRADITIONAL HEARTHS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 MODERN HEARTHS
           9.3.1 MODERN HEARTHS EMIT ALMOST ZERO CARBON DIOXIDE AND CARBON MONOXIDE
                    TABLE 48 MODERN HEARTHS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 49 MODERN HEARTHS: MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.3.2 SENSORS
           9.3.3 BURNERS
           9.3.4 REMOTE CONTROL SYSTEMS
           9.3.5 VALVE KITS
           9.3.6 OTHER COMPONENTS

10 HEARTH MARKET, BY IGNITION TYPE (Page No. - 105)
     10.1 INTRODUCTION
             FIGURE 42 ELECTRONIC IGNITION EXPECTED TO REGISTER HIGHER CAGR BETWEEN 2022 AND 2027
             TABLE 50 HEARTH MARKET, BY IGNITION TYPE, 2018–2021 (USD MILLION)
             TABLE 51 HEARTH MARKET, BY IGNITION TYPE, 2022–2027 (USD MILLION)
     10.2 ELECTRONIC IGNITION
             10.2.1 ELECTRONIC IGNITION SYSTEMS REQUIRE LOW POWER INPUT TO WORK
             10.2.2 INTERMITTENT PILOT IGNITION (IPI)
                        10.2.2.1 IPI helps control hearth systems and increases overall energy efficiency
             10.2.3 HOT SURFACE IGNITION
                        10.2.3.1 Hot surface ignition is considered more efficient and is more commonly used
     10.3 STANDING PILOT IGNITION
             10.3.1 MODERN STANDING PILOT IGNITION SYSTEMS COME WITH REMOTE CONTROL

11 HEARTH MARKET, BY VENT AVAILABILITY (Page No. - 109)
     11.1 INTRODUCTION
             FIGURE 43 VENTED HEARTHS EXPECTED TO REGISTER HIGHER CAGR BETWEEN 2022 AND 2027
             TABLE 52 MARKET, BY VENT AVAILABILITY, 2018–2021 (USD MILLION)
             TABLE 53 MARKET, BY VENT AVAILABILITY, 2022–2027 (USD MILLION)
     11.2 VENTED HEARTHS
             11.2.1 DIRECT AND POWER VENTING ARE REPLACING TRADITIONAL NATURAL DRAFT VENTING
     11.3 UNVENTED HEARTHS
             11.3.1 UNVENTED HEARTHS CONSIST OF ELECTRIC FIREPLACES OR INSERTS THAT DO NOT BURN GASES

12 HEARTH MARKET, BY APPLICATION (Page No. - 113)
     12.1 INTRODUCTION
             FIGURE 44 RESIDENTIAL SEGMENT PROJECTED TO HOLD LARGEST MARKET SHARE IN 2027
             TABLE 54 HEARTH MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 55 HEARTH MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.2 RESIDENTIAL
             12.2.1 HEATING EFFICIENCY OF HEARTHS DRIVES MARKET FOR RESIDENTIAL APPLICATIONS
                        TABLE 56 RESIDENTIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 57 RESIDENTIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.3 COMMERCIAL
             12.3.1 HEARTHS IN COMMERCIAL SETTINGS CREATE A WARM AND INVITING ENVIRONMENT
                        TABLE 58 COMMERCIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 59 COMMERCIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.4 HOSPITALITY
             12.4.1 HEARTHS ARE INSTALLED IN HOSPITALS TO PROVIDE STRESS-REDUCING ATMOSPHERE FOR PATIENTS
                        TABLE 60 HOSPITALITY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 61 HOSPITALITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.5 INSTITUTIONAL
             12.5.1 HEARTHS USED IN INSTITUTIONS PROVIDE A PEACEFUL AND COMFOR                        TABLE AMBIENCE
                        TABLE 62 INSTITUTIONAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 63 INSTITUTIONAL: MARKET, BY REGION, 2022–2027 (USD MILLION)

13 HEARTH MARKET, BY FIREPLACE TYPE (Page No. - 120)
     13.1 INTRODUCTION
     13.2 SINGLE-SIDED
             13.2.1 SINGLE-SIDED FIREPLACES PROVIDE CLEAR VIEWS AND BOLD FLAMES WHILE BEING COST-EFFICIENT
     13.3 MULTI-SIDED
             13.3.1 MULTI-SIDED FIREPLACES PROVIDE EVEN DISTRIBUTION OF HEAT BETWEEN SPACES

14 HEARTH MARKET, BY TYPE OF MATERIAL (Page No. - 121)
     14.1 INTRODUCTION
     14.2 BRICKS
             14.2.1 BRICKS ARE PRIMARILY USED IN FIREPLACE SURROUNDS
     14.3 GRANITE
             14.3.1 GRANITE BEING HIGHLY DURABLE IS COMMONLY USED IN FIREPLACES
     14.4 MARBLE
             14.4.1 HIGH HEAT RESISTANCE MAKES MARBLE SUITABLE FOR USE WITH VARIETY OF FIREPLACES
     14.5 STONES
             14.5.1 LIMESTONE OFFERS DURABILITY AND HEAT TOLERANCE
     14.6 CONCRETE
             14.6.1 CONCRETE IS ONE OF THE MOST VERSATILE MATERIALS FOR HEARTHS
     14.7 SLATE
             14.7.1 SLATE OFFERS HIGH DURABILITY, ATTRACTIVE DESIGN, AND EASE OF CLEANING
     14.8 QUARRY TILES
             14.8.1 QUARRY TILES HELP CREATE TRADITIONAL LOOK FOR FIREPLACES

15 GEOGRAPHIC ANALYSIS (Page No. - 123)
     15.1 INTRODUCTION
             FIGURE 45 NORTH AMERICA PROJECTED TO OCCUPY LARGEST MARKET SHARE IN 2027
             TABLE 64 HEARTH MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 65 HEARTH MARKET, BY REGION, 2022–2027 (USD MILLION)
     15.2 NORTH AMERICA
             15.2.1 DUE TO COLD CLIMATIC CONDITIONS, HEATING DEVICES ARE WIDELY USED THROUGHOUT NORTH AMERICA
                        FIGURE 46 NORTH AMERICA: HEARTH MARKET SNAPSHOT
                        TABLE 66 NORTH AMERICA: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 67 NORTH AMERICA: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                        TABLE 68 NORTH AMERICA: MARKET, BY DESIGN, 2018–2021 (USD MILLION)
                        TABLE 69 NORTH AMERICA: MARKET, BY DESIGN, 2022–2027 (USD MILLION)
                        TABLE 70 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 71 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 72 NORTH AMERICA: MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
                        TABLE 73 NORTH AMERICA: MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
                        TABLE 74 NORTH AMERICA: MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
                        TABLE 75 NORTH AMERICA: MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
                        TABLE 76 NORTH AMERICA: MARKET, BY FUEL TYPE, 2018–2021 (THOUSAND UNITS)
                        TABLE 77 NORTH AMERICA: MARKET, BY FUEL TYPE, 2022–2027 (THOUSAND UNITS)
                        TABLE 78 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 79 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             15.2.2 US
                        15.2.2.1 Hearth products based on gas and electricity with newer technologies are being used increasingly
                                      TABLE 80 US: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                                      TABLE 81 US: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                                      TABLE 82 US: MARKET, BY DESIGN, 2018–2021 (USD MILLION)
                                      TABLE 83 US: MARKET, BY DESIGN, 2022–2027 (USD MILLION)
                                      TABLE 84 US: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                      TABLE 85 US: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                      TABLE 86 US: MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
                                      TABLE 87 US: MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
                                      TABLE 88 US: MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
                                      TABLE 89 US: MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
             15.2.3 CANADA
                        15.2.3.1 Canada witnessed slow adoption of hearth products due to various regulatory issues
             15.2.4 MEXICO
                        15.2.4.1 Consumers are more inclined toward esthetic value of hearths than performance
     15.3 EUROPE
             FIGURE 47 EUROPE: HEARTH MARKET SNAPSHOT
             TABLE 90 EUROPE: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 91 EUROPE: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             TABLE 92 EUROPE: MARKET, BY DESIGN, 2018–2021 (USD MILLION)
             TABLE 93 EUROPE: MARKET, BY DESIGN, 2022–2027 (USD MILLION)
             TABLE 94 EUROPE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 95 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 96 EUROPE: MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
             TABLE 97 EUROPE: MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
             TABLE 98 EUROPE: MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
             TABLE 99 EUROPE: MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
             TABLE 100 EUROPE: MARKET, BY FUEL TYPE, 2018–2021 (THOUSAND UNITS)
             TABLE 101 EUROPE: MARKET, BY FUEL TYPE, 2022–2027 (THOUSAND UNITS)
             TABLE 102 EUROPE: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 103 EUROPE: MARKET, BY REGION, 2022–2027 (USD MILLION)
             15.3.1 EU5
                        15.3.1.1 UK
                                     15.3.1.1.1 Government regulations on air cleanliness influence hearth market
                        15.3.1.2 Germany
                                     15.3.1.2.1 Rising air pollution has led to reduced adoption of wood-based hearth products
                        15.3.1.3 France
                                     15.3.1.3.1 French citizens prefer fireplaces with classic and traditional designs
                        15.3.1.4 Italy
                                     15.3.1.4.1 Hearths in Italy are famous due to their modern and contemporary designs
                        15.3.1.5 Spain
                                     15.3.1.5.1 Spain is one of the fastest-growing markets for gas-based hearths in EU5 region
             15.3.2 EASTERN EUROPE
                        15.3.2.1 Growing tourism expected to drive market
             15.3.3 RUSSIA
                        15.3.3.1 Traditional European-style fireplaces are more prominent in Russia
             15.3.4 REST OF EUROPE
     15.4 ASIA PACIFIC
             FIGURE 48 ASIA PACIFIC: HEARTH MARKET SNAPSHOT
             TABLE 104 ASIA PACIFIC: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 105 ASIA PACIFIC: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             TABLE 106 ASIA PACIFIC: MARKET, BY DESIGN, 2018–2021 (USD MILLION)
             TABLE 107 ASIA PACIFIC: MARKET, BY DESIGN, 2022–2027 (USD MILLION)
             TABLE 108 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 109 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 110 ASIA PACIFIC: MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
             TABLE 111 ASIA PACIFIC: MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
             TABLE 112 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
             TABLE 113 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
             TABLE 114 ASIA PACIFIC: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 115 ASIA PACIFIC: MARKET, BY REGION, 2022–2027 (USD MILLION)
             15.4.1 CHINA
                        15.4.1.1 China’s growing economy is expected to drive market for fireplace hearths
             15.4.2 JAPAN
                        15.4.2.1 Japan adopts modern types of fireplaces that provide better fuel efficiency
             15.4.3 SOUTHEAST ASIA
                        15.4.3.1 Financial stability of South Korea is likely to aid market growth
             15.4.4 REST OF ASIA PACIFIC
     15.5 ROW
             TABLE 116 ROW: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 117 ROW: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             TABLE 118 ROW: MARKET, BY DESIGN, 2018–2021 (USD MILLION)
             TABLE 119 ROW: MARKET, BY DESIGN, 2022–2027 (USD MILLION)
             TABLE 120 ROW: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 121 ROW: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 122 ROW: MARKET, BY PLACEMENT, 2018–2021 (USD MILLION)
             TABLE 123 ROW: HEARTH MARKET, BY PLACEMENT, 2022–2027 (USD MILLION)
             TABLE 124 ROW: MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
             TABLE 125 ROW: MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
             TABLE 126 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 127 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
             15.5.1 SOUTH AMERICA
                        15.5.1.1 Growing market for biomass pellets in Brazil is expected to drive hearth market
             15.5.2 MIDDLE EAST & AFRICA
                        15.5.2.1 Growing tourism sector in Middle East expected to drive regional demand for hearths

16 COMPETITIVE LANDSCAPE (Page No. - 150)
     16.1 OVERVIEW
     16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 128 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HEARTH COMPANIES
             16.2.1 PRODUCT PORTFOLIO
             16.2.2 REGIONAL FOCUS
             16.2.3 MANUFACTURING FOOTPRINT
             16.2.4 ORGANIC/INORGANIC STRATEGIES
     16.3 MARKET SHARE ANALYSIS, 2021
             TABLE 129 HEARTH MARKET: MARKET SHARE ANALYSIS (2021)
     16.4 5-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 49 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN HEARTH MARKET, 2017–2021
     16.5 COMPANY EVALUATION QUADRANT
             16.5.1 STARS
             16.5.2 EMERGING LEADERS
             16.5.3 PERVASIVE PLAYERS
             16.5.4 PARTICIPANTS
                       FIGURE 50 HEARTH MARKET: COMPANY EVALUATION QUADRANT, 2021
     16.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
             TABLE 130 HEARTH MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 131 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES(SME) IN HEARTH MARKET
             TABLE 132 HEARTH MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (PRODUCT FOOTPRINT)
             TABLE 133 HEARTH MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (APPLICATION FOOTPRINT)
             TABLE 134 HEARTH MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (REGION FOOTPRINT)
             16.6.1 PROGRESSIVE COMPANIES
             16.6.2 RESPONSIVE COMPANIES
             16.6.3 DYNAMIC COMPANIES
             16.6.4 STARTING BLOCKS
                        FIGURE 51 START-UP/SME EVALUATION MATRIX
     16.7 COMPANY FOOTPRINT
             TABLE 135 COMPANY FOOTPRINT
             TABLE 136 COMPANY-WISE PRODUCT FOOTPRINT
             TABLE 137 COMPANY-WISE APPLICATION FOOTPRINT
             TABLE 138 COMPANY-WISE REGION FOOTPRINT
     16.8 COMPETITIVE SITUATIONS AND TRENDS
             16.8.1 PRODUCT LAUNCHES
                        TABLE 139 PRODUCT LAUNCHES, MARCH 2019–MAY 2022
             16.8.2 DEALS
                        TABLE 140 DEALS, MARCH 2019–MAY 2022

17 COMPANY PROFILES (Page No. - 170)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     17.1 KEY PLAYERS
             17.1.1 HNI CORPORATION
                        TABLE 141 HNI CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 HNI CORPORATION: COMPANY SNAPSHOT
                        TABLE 142 HNI CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 143 HNI CORPORATION: DEALS
             17.1.2 GLEN DIMPLEX
                        TABLE 144 GLEN DIMPLEX: COMPANY OVERVIEW
                        TABLE 145 GLEN DIMPLEX: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 146 GLEN DIMPLEX: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 147 GLEN DIMPLEX: DEALS
             17.1.3 NAPOLEON
                        TABLE 148 NAPOLEON: COMPANY OVERVIEW
                        TABLE 149 NAPOLEON: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 150 NAPOLEON: PRODUCT LAUNCHES/DEVELOPMENTS
             17.1.4 TRAVIS INDUSTRIES (AXIS INDUSTRIAL HOLDINGS)
                        TABLE 151 TRAVIS INDUSTRIES (AXIS INDUSTRIAL HOLDINGS): COMPANY OVERVIEW
                        TABLE 152 TRAVIS INDUSTRIES (AXIS INDUSTRIAL HOLDINGS): PRODUCT/SOLUTION/SERVICE OFFERINGS
             17.1.5 HPC FIRE INSPIRED
                        TABLE 153 HPC FIRE INSPIRED: COMPANY OVERVIEW
                        TABLE 154 HPC FIRE INSPIRED: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 155 HPC FIRE INSPIRED: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 156 HPC FIRE INSPIRED: DEALS
             17.1.6 MONTIGO
                        TABLE 157 MONTIGO: COMPANY OVERVIEW
                        TABLE 158 MONTIGO: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 159 MONTIGO: PRODUCT LAUNCHES/DEVELOPMENTS
             17.1.7 STOVE BUILDER INTERNATIONAL (SBI)
                        TABLE 160 STOVE BUILDER INTERNATIONAL (SBI): COMPANY OVERVIEW
                        TABLE 161 STOVE BUILDER INTERNATIONAL (SBI): PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 162 STOVE BUILDER INTERNATIONAL (SBI): PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 163 STOVE BUILDER INTERNATIONAL (SBI): DEALS
             17.1.8 INNOVATIVE HEARTH PRODUCTS
                        TABLE 164 INNOVATIVE HEARTH PRODUCTS: COMPANY OVERVIEW
                        TABLE 165 INNOVATIVE HEARTH PRODUCTS: PRODUCT/SOLUTION/SERVICE OFFERINGS
             17.1.9 EMPIRE COMFORT SYSTEMS
                        TABLE 166 EMPIRE COMFORT SYSTEMS: COMPANY OVERVIEW
                        TABLE 167 EMPIRE COMFORT SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 168 EMPIRE COMFORT SYSTEMS: DEALS
             17.1.10 GHP GROUP INC
                        TABLE 169 GHP GROUP INC: COMPANY OVERVIEW
                        TABLE 170 GHP GROUP INC: PRODUCT/SOLUTION/SERVICE OFFERINGS
     17.2 OTHER PLAYERS
             17.2.1 HEARTHSTONE QUALITY HOME HEATING PRODUCTS INC.
                        TABLE 171 HEARTHSTONE QUALITY HOME HEATING PRODUCTS INC.: COMPANY OVERVIEW
             17.2.2 RH PETERSON CO.
                        TABLE 172 RH PETERSON CO.: COMPANY OVERVIEW
             17.2.3 BFM EUROPE LTD
                        TABLE 173 BFM EUROPE LTD: COMPANY OVERVIEW
             17.2.4 WILKENING FIREPLACE.
                        TABLE 174 WILKENING FIREPLACE.: COMPANY OVERVIEW
             17.2.5 JOTUL AS
                        TABLE 175 JOTUL AS: COMPANY OVERVIEW
             17.2.6 NORDPEIS
                        TABLE 176 NORDPEIS: COMPANY OVERVIEW
             17.2.7 BOLEY
                        TABLE 177 BOLEY: COMPANY OVERVIEW
             17.2.8 EUROPEAN HOME
                        TABLE 178 EUROPEAN HOME: COMPANY OVERVIEW
             17.2.9 BARBAS BELLFIRES
                        TABLE 179 BARBAS BELLFIRES: COMPANY OVERVIEW
             17.2.10 MENDOTA
                        TABLE 180 MENDOTA: COMPANY OVERVIEW
             17.2.11 PACIFIC ENERGY
                        TABLE 181 PACIFIC ENERGY: COMPANY OVERVIEW
             17.2.12 STELLAR HEARTH PRODUCTS
                        TABLE 182 STELLAR HEARTH PRODUCTS: COMPANY OVERVIEW
             17.2.13 FPI FIREPLACE PRODUCTS INTERNATIONAL LTD.
                        TABLE 183 FPI FIREPLACE PRODUCTS INTERNATIONAL LTD.: COMPANY OVERVIEW
             17.2.14 RASMUSSEN GAS LOGS
                        TABLE 184 RASMUSSEN GAS LOGS: COMPANY OVERVIEW
             17.2.15 MELROY PLUMBING & HEATING, INC.
                        TABLE 185 MELROY PLUMBING & HEATING, INC.: COMPANY OVERVIEW

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

18 APPENDIX (Page No. - 211)
     18.1 DISCUSSION GUIDE
     18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.3 AVAILABLE CUSTOMIZATIONS
     18.4 RELATED REPORTS
     18.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the hearth market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering hearth products have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the hearth market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of hearth products to identify key players based on their products and prevailing industry trends in the hearth market by type, application, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the hearth market through secondary research. Several primary interviews have been conducted with the key opinion leaders from demand and supply sides across four main regions—North America, Europe, Asia Pacific, and Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side respondents, while approximately 75% have been conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephonic interviews

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Hearth Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the hearth market.

  • Identifying the number of hearth products shipped at the global level
  • Identifying average selling prices of hearth products shipped globally
  • Conducting multiple discussion sessions with key opinion leaders to understand different hearth products and their deployment in multiple products and applications; analysing the break-up of the work conducted by each key company
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEO), directors, and operation managers, and then finally, with the domain experts of MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases of the company- and region-specific developments undertaken in the hearth market  

Hearth Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

The top-down approach has been used to estimate and validate the total size of the hearth market.

  • Focusing initially on the top-line investments and expenditures made in the hearth ecosystem, splitting further into product, technology, application, and listing key developments in key market areas
  • Identifying all major players offering a variety of hearth products, which has been verified through secondary research and a brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications for which all identified players offer hearth to estimate and arrive at the percentage splits for all key segments
  • Discussing these splits with industry experts to validate the information and identify key growth domains across all major segments
  • Breaking down the total market based on verified splits and key growth domains across all segments

Hearth Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the hearth market.

Report Objectives

  • To describe and forecast the size of the hearth market based on product, design, placement, ignition type, vent availability, and application, in terms of value
  • To describe and forecast the size of the hearth market based on fuel type, in terms of value and volume
  • To describe the fireplace type and type of material used for hearth products
  • To describe and forecast the market size of various segments across four key regions-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the hearth market
  • To provide an overview of the value chain pertaining to the hearth market ecosystem, along with the average selling price of hearth products
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, Porter's five forces, regulations, import and export scenarios, trade landscape, and case studies pertaining to the market under study
  • To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments
  • To provide details of the competitive landscape for market leaders
  • To analyze competitive developments such as partnerships, expansion, investments, and acquisitions in the hearth market
  • To profile key players in the hearth market and comprehensively analyze their market ranking on the basis of their revenue, market share, and core competencies2
  • The new research study provides the company evaluation quadrant for 25 companies operating in the hearth market
  • The new research study comprises the startup/SME company evaluation quadrant for 10 companies operating in the hearth market.
  • Updated market developments of profiled players: The current report includes the market developments from 2019 to 2022.

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
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