The global hearth market was valued at USD 9.3 billion in 2021 and is projected to reach USD 14.8 billion by 2027, registering a CAGR of 7.7% from 2022 to 2027. Growing adoption of hearths in and around houses to counter extremely cold weather and increasing demand for esthetically appealing fireplaces are the major driving factors for the growth of the hearth market.
HNI Corporation; Glen Dimplex; Napoleon; Travis Industries (AXIS Industrial Holdings, Inc.); HPC Fire Inspired; Montigo; Stove Builder International (SBI); Innovative Hearth Products; Empire Comfort Systems; GHP Group Inc are some of the key players in the hearth market. To retain their presence in the hearth market, these players have adopted various growth strategies, growth strategies such as partnerships and acquisitions. Product launches has been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base.
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HNI Corporation is a global designer and provider of commercial furnishings. It is also a manufacturer and marketer of hearth products for offices and homes. Its office furniture products include panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. Hearth products include a full array of gas, wood, electric and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company operates through a decentralized business model to deliver value to customers via various brands and selling models. The Corporation is focused on growing its existing businesses while seeking out and developing new growth opportunities.
Glen Dimplex is one of the largest manufacturers of electrical heating and also offers domestic appliances, cooling, ventilation, and renewable energy solutions. Along with a wide selection of residential, commercial, and industrial products, including an expansive portfolio of fireplace designs and a full line of electric heating products ranging from baseboard heaters to heavy-duty industrial heaters. The company offers a broad range of hearth products under its Real Flame, Valor, and Dimplex brands. Some hearth products offered are gas fireplaces, pellet stoves, inserts, electric fireplaces, and gas stoves.
Napoleon is a manufacturer of quality gas, electric and wood fireplaces, gourmet gas and charcoal grills, outdoor living products, and a complete line of heating and cooling equipment. The company also holds innovative patents on luxurious gas grills and exclusive infrared-based grillers. It has warehouses in Canada, the US, and European countries such as the UK, Sweden, Spain, Slovenia, Switzerland, Poland, Russia, Norway, the Netherlands, Italy, Germany, Iceland, France, Finland, Denmark, the Czech Republic, Austria, Belgium, and Croatia, and employs more than 2,200 associates.
Travis Industries (AXIS Industrial Holdings, Inc.)
Travis Industries (AXIS Industrial Holdings) is a manufacturer of wood, pellet, and gas stoves, inserts, and fireplaces and includes four inhouse brands: Lopi, Fireplace Xtrordinair, DaVinci Custom Fireplaces, and Fire Garden. All the products are manufactured within an 11-acre facility called the House of Fire (US), with an employee count of ~600. These brands are available from a network of more than 1,200 authorized retailers throughout the US, Canada, Australia, and China.
HPC Fire Inspired
HPC Fire Inspired designs custom fire features and their control systems of any shape or size for residential or commercial applications. The company offers safety pilot valves, millivolt valves, remote-control gas fire pit kits/repair parts, and various other components for the hearth industry. The company introduced the Outdoor Fire Products line in 2003 with the manufacturing of fire rings. The products offered within this segment include high-end electronic ignition fire pits, push-button ignition fire pits, TK Torches, portable fire pits, copper water bowls, outdoor fireplace accessories, etc.
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
Mr. Aashish Mehra
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Northbrook, IL 60062
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