Market Overview:
The global indoor hearth market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gas, electricity and wood-based indoor hearths across residential, commercial and institutional applications. Additionally, the growing hospitality sector is also anticipated to fuel the demand for indoor hearths in the coming years. The gas-based indoor hearth segment is expected to dominate the market during the forecast period owing to its high efficiency and low emissions as compared to other types of heating systems. The North America region is estimated to account for a major share of the global indoor hearth market in 2018, followed by Europe and Asia Pacific.
Product Definition:
The indoor hearth is the traditional focal point of a home, typically found in the living room. It is often used for heating or cooking and can be made from many materials, including brick, stone, or concrete.
Gas:
The global gas, also known as fuel-fired heating system is one of the most cost-effective and efficient solutions for heating. It is a safe, clean and reliable technology that produces heat using a combustion process. The primary energy source used in this process is either natural gas or liquid petroleum gas (LPG). These products are available at low prices compared to other conventional fuels such as oil or coal; hence they are gaining popularity among consumers across the globe.
Electricity:
Electricity is the flow of electrons from the source to an appliance or device and back. The source can be a battery, a generator, a solar panel or any other natural energy resource. The appliance includes heating elements such as electric heaters and forced air furnaces while devices made up of electronic circuits convert the electrical energy into useful forms such as light, sound, motion etc.
Application Insights:
The commercial sector dominated the global market and accounted for more than 60.0% share of the overall revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing construction activities of hotels, restaurants and shopping malls across various regions including Asia Pacific, North America and Europe. In addition, growing tourism industry along with favorable government policies promoting development of tourism infrastructure are expected to drive product demand in this segment over the forecast period.
The residential sector is also anticipated to witness significant growth on account of rising disposable income among consumers coupled with high urbanization rate in developing countries including India & China which may result in increased demand for indoor fireplaces from 2018 to 2030. Furthermore, increasing availability & affordability of home decor products along with changing lifestyle preferences are likely to boost product penetration among consumers who have a fireplace at their homes or apartments which will further increase market penetration during the estimated time frame.
Regional Analysis:
Europe dominated the global indoor Hearth market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for fireplaces in countries such as Germany and France. In addition, high consumer awareness regarding the product benefits coupled with cold climate conditions are some of the factors driving regional growth.
The commercial sector also plays an important role in driving regional growth by introducing various innovative products that include decorative heaters along with other electrical appliances that provide aesthetic appeal along with functionalities such as space heating, water heating etc., thereby boosting overall industry size.
Growth Factors:
- Increasing demand for energy-efficient heating systems
- Rising popularity of gas-fired hearth products
- Growing interest in home renovation and remodeling projects
- Proliferation of digital media and online resources that promote hearth products and installation 5. Increased availability of affordable financing options
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Hearth Market Research Report
By Type
Gas, Electricity, Wood
By Application
Residential, Commercial, Institutional, Hospitality
By Companies
HNI, Glen Dimplex, Napoleon Fireplaces, Stove Builder, Travis Industries, Empire Comfort
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Hearth Market Report Segments:
The global Indoor Hearth market is segmented on the basis of:
Types
Gas, Electricity, Wood
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Institutional, Hospitality
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HNI
- Glen Dimplex
- Napoleon Fireplaces
- Stove Builder
- Travis Industries
- Empire Comfort
Highlights of The Indoor Hearth Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gas
- Electricity
- Wood
- By Application:
- Residential
- Commercial
- Institutional
- Hospitality
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indoor Hearth Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Indoor Hearth is a heating and cooling company that specializes in furnaces, air conditioners, and boilers. They offer a wide variety of services to both residential and commercial customers.
Some of the major companies in the indoor hearth market are HNI, Glen Dimplex, Napoleon Fireplaces, Stove Builder, Travis Industries, Empire Comfort.
The indoor hearth market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indoor Hearth Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Indoor Hearth Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indoor Hearth Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Indoor Hearth Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Indoor Hearth Market Size & Forecast, 2018-2028
4.5.1 Indoor Hearth Market Size and Y-o-Y Growth
4.5.2 Indoor Hearth Market Absolute $ Opportunity
Chapter 5 Global Indoor Hearth Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Indoor Hearth Market Size Forecast by Type
5.2.1 Gas
5.2.2 Electricity
5.2.3 Wood
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Indoor Hearth Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Indoor Hearth Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Institutional
6.2.4 Hospitality
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indoor Hearth Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Indoor Hearth Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Indoor Hearth Analysis and Forecast
9.1 Introduction
9.2 North America Indoor Hearth Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Indoor Hearth Market Size Forecast by Type
9.6.1 Gas
9.6.2 Electricity
9.6.3 Wood
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Indoor Hearth Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Institutional
9.10.4 Hospitality
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Indoor Hearth Analysis and Forecast
10.1 Introduction
10.2 Europe Indoor Hearth Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Indoor Hearth Market Size Forecast by Type
10.6.1 Gas
10.6.2 Electricity
10.6.3 Wood
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Indoor Hearth Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Institutional
10.10.4 Hospitality
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Indoor Hearth Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Indoor Hearth Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Indoor Hearth Market Size Forecast by Type
11.6.1 Gas
11.6.2 Electricity
11.6.3 Wood
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Indoor Hearth Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Institutional
11.10.4 Hospitality
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Indoor Hearth Analysis and Forecast
12.1 Introduction
12.2 Latin America Indoor Hearth Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Indoor Hearth Market Size Forecast by Type
12.6.1 Gas
12.6.2 Electricity
12.6.3 Wood
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Indoor Hearth Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Institutional
12.10.4 Hospitality
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Indoor Hearth Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Indoor Hearth Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Indoor Hearth Market Size Forecast by Type
13.6.1 Gas
13.6.2 Electricity
13.6.3 Wood
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Indoor Hearth Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Institutional
13.10.4 Hospitality
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Indoor Hearth Market: Competitive Dashboard
14.2 Global Indoor Hearth Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HNI
14.3.2 Glen Dimplex
14.3.3 Napoleon Fireplaces
14.3.4 Stove Builder
14.3.5 Travis Industries
14.3.6 Empire Comfort
