Hearth Market Size, Share and Industry Growth Analysis Report 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
Updated on : September 12, 2023
The hearth market size 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 industry.
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Hearth 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
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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.
Top Hearth Companies - Key Market Players:
The Hearth companies such as 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)
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Hearth Market Report Scope :
|
Report Metric |
Details |
| Estimated Market Size | USD 9.3 Billion |
| Projected Market Size | USD 14.8 Billion |
| Growth Rate | 7.7% CAGR |
|
Historical Data Available for Years |
2018–2027 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2021–2027 |
|
Segments Covered
|
|
|
Region Covered |
|
|
Market Leaders |
|
| Top Companies in North America |
|
| 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
-
EU5
-
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):
Which are the major companies in the hearth market? What are their major strategies to strengthen their market presence?
The major companies in the hearth market are – 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. The major strategies adopted by these players are product launches and acquisitions.
Which is the potential market for hearth products in terms of the region?
North America region is expected to dominate the hearth market due to the presence of numerous hearth manufacturing companies.
Who are the winners in the global hearth market?
Companies such as HNI Corporation (US); Glen Dimplex (Ireland); Napoleon (Canada); Travis Industries (AXIS Industrial Holdings, Inc.) (US); HPC Fire Inspired (US); fall under the winner’s category. These companies cater to the requirements of their customers by providing advanced hearth products. Moreover, these companies are highly adopting inorganic and organic growth strategies to strengthen their market position and customer base worldwide. Such advantages give these companies an edge over other hearth ecosystem player.
What are the drivers and opportunities for the hearth market?
Factors such as increasing demand for home automation are among the driving factors of the hearth market. Moreover, growing demand for hearth products in the hospitality industry is expected to offer lucrative opportunities for the hearth market.
Who are the major applications of hearth products that are expected to drive the growth of the market in the next 5 years?
The major application for hearth products is residential, commercial, and hospitality are expected to have a significant share in this market. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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 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 MARKET, BY IGNITION TYPE
FIGURE 18 ELECTRONIC IGNITION TO HOLD LARGEST SHARE OF MARKET IN 2022
4.5 MARKET, BY APPLICATION
FIGURE 19 RESIDENTIAL APPLICATIONS TO HOLD LARGEST SHARE OF MARKET IN 2022
4.6 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 HEARTH 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 MARKET
TABLE 4 LIST OF HEARTH PRODUCT MANUFACTURERS AND SUPPLIERS
5.5 TECHNOLOGY ANALYSIS
5.5.1 TECHNOLOGY TRENDS IN 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 HEARTH 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 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 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: HEARTH 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: HEARTH 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 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 MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 131 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES(SME) IN HEARTH MARKET
TABLE 132 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (PRODUCT FOOTPRINT)
TABLE 133 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (APPLICATION FOOTPRINT)
TABLE 134 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:
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
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
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
Generating Response ...
Growth opportunities and latent adjacency in Hearth Market
The hearth market is driven by factors such as growing need for space heating products due to extremely cold climatic conditions in certain regions and increasing interest in esthetic home decor products among customers. What are different assumptions included for market data forecast?
Japan and China are two big market in Asia Pacific for this market. What kind of data have been provided for APAC countries in this study?
I am interested specifically into the Japanese market for this research.
Did you outline market size in USD from the end consumer perspective or from the Manufacturer selling price? Meaning in most cases the manufacturer sells to a distributor or retailer (which you refer to your report) and then ultimately to a consumer (obviously with mark-up at each level). Can you share details on your reserach methodology.
How you compiled the data, did it include the venting/chimney cost as well or just the manufactured appliance (gas stove, wood stove, etc.?)