Market Overview:
The global multi fuel stoves 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 energy-efficient appliances and the growing awareness about environment-friendly appliances. Multi fuel stoves are available in different types such as coal, biofuels fuel, gas, and other fuels. Among these types, gas-based multi fuel stoves are expected to witness high demand due to their easy installation and low maintenance cost. The commercial sector is anticipated to be the fastest growing segment of the global multi fuel stove market during the forecast period owing to rising disposable income and changing lifestyle trends across regions.
Product Definition:
A multi fuel stove is a stove that can burn more than one type of fuel. Multi fuel stoves are important because they allow people to use whatever type of fuel is available, whether it's wood, coal, or gas. This makes them more versatile and useful in many different situations.
Coal:
Coal is the solid mineral, which is obtained from the carbonization of coal mines. It has a high calorific value and heat content which makes it suitable for use in household cooking stoves. Coal can be used as an alternative to wood or gas in multi-fuel cookstoves, however; it has certain disadvantages such as it produces more smoke than wood and its combustion produces harmful gases like sulfur dioxide & carbon monoxide.
Biofuels Fuel:
Biofuels are fuels that are obtained from plants, animal waste, or algae. They can be used in conventional combustion devices or modified to create electricity. Biofuels include bioethanol (BEO), biodiesel, and biojet fuel.
Application Insights:
The others application segment includes residential and commercial applications. Commercial application is expected to be the fastest-growing segment over the forecast period owing to increasing government spending on infrastructure development in developing countries including China, India, Brazil and South Africa. The commercial sector mainly comprises hotels, restaurants and transport facilities such as railway stations and airports.
The demand for multi fuel stoves in industrial applications is expected to witness significant growth due to rising awareness about energy conservation among manufacturers of steel & cement across emerging countries including China Indonesia Thailand Malaysia Philippines Singapore Vietnam Russia Saudi Arabia UAE Iran Argentina Turkey Colombia Mexico Chile Colombia where coal is king over other fuels such as gas or wood pellets which are more expensive than coal.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing number of households, coupled with rapid urbanization and growing population. Rapid industrialization and changing lifestyle are also expected to drive the regional product demand over the forecast period. Europe is estimated to be the second-largest regional segment on account of high adoption rate of biomass fuels for cooking purposes.
North America is projected to witness significant growth over the next eight years due to rising awareness regarding energy conservation practices, coupled with stringent government regulations pertaining environmental pollution caused by carbon emissions from fossil fuel based stoves. Moreover, increasing focus on reducing dependency on foreign oil by using alternative sources for cooking purpose will further propel industry expansion in this region.
The market players are adopting various strategies such as new product launches, partnerships & collaborations,.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for multi fuel stoves is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, as these stoves are more efficient than traditional gas or electric ovens.
- Rising popularity of open-air cooking: Multi fuel stoves are gaining popularity due to their ability to cook food evenly and quickly, without the need for an open flame. This is particularly beneficial in regions where there is a high risk of fire accidents due to cooking over an open flame.
- Growing awareness about the benefits of using multi fuel stoves: There is a growing awareness among consumers about the benefits of using multi fuel stoves, such as improved efficiency and reduced emissions levels. This is likely to boost demand for these appliances in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi Fuel Stoves Market Research Report
By Type
Coal, Biofuels Fuel, Gas, Other
By Application
Commercial, Industrial, Others
By Companies
Arada, Broseley Fires, Firebird Heating Solutions, CHARNWOOD, Firebelly Stoves, Max Blank, Chesneys, Plamen, Rika, Jøtul, Thorma Vyroba
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Multi Fuel Stoves Market Report Segments:
The global Multi Fuel Stoves market is segmented on the basis of:
Types
Coal, Biofuels Fuel, Gas, Other
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
Commercial, Industrial, Others
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:
- Arada
- Broseley Fires
- Firebird Heating Solutions
- CHARNWOOD
- Firebelly Stoves
- Max Blank
- Chesneys
- Plamen
- Rika
- Jøtul
- Thorma Vyroba
Highlights of The Multi Fuel Stoves 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:
- Coal
- Biofuels Fuel
- Gas
- Other
- By Application:
- Commercial
- Industrial
- Others
- 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 Multi Fuel Stoves 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?
Multi fuel stoves are a type of stove that can use multiple fuels, such as wood, propane, and natural gas. These stoves allow you to cook with a variety of fuels without having to carry multiple pots and pans. Multi fuel stoves are also convenient because they do not require matches or an ignition source.
Some of the major companies in the multi fuel stoves market are Arada, Broseley Fires, Firebird Heating Solutions, CHARNWOOD, Firebelly Stoves, Max Blank, Chesneys, Plamen, Rika, J¸tul, Thorma Vyroba.
The multi fuel stoves 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 Multi Fuel Stoves 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 Multi Fuel Stoves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi Fuel Stoves 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 Multi Fuel Stoves 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 Multi Fuel Stoves Market Size & Forecast, 2020-2028
4.5.1 Multi Fuel Stoves Market Size and Y-o-Y Growth
4.5.2 Multi Fuel Stoves Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Coal
5.2.2 Biofuels Fuel
5.2.3 Gas
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi Fuel Stoves 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 Multi Fuel Stoves 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Coal
9.6.2 Biofuels Fuel
9.6.3 Gas
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Coal
10.6.2 Biofuels Fuel
10.6.3 Gas
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Coal
11.6.2 Biofuels Fuel
11.6.3 Gas
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Coal
12.6.2 Biofuels Fuel
12.6.3 Gas
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Coal
13.6.2 Biofuels Fuel
13.6.3 Gas
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Others
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 Multi Fuel Stoves Market: Competitive Dashboard
14.2 Global Multi Fuel Stoves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arada
14.3.2 Broseley Fires
14.3.3 Firebird Heating Solutions
14.3.4 CHARNWOOD
14.3.5 Firebelly Stoves
14.3.6 Max Blank
14.3.7 Chesneys
14.3.8 Plamen
14.3.9 Rika
14.3.10 Jøtul
14.3.11 Thorma Vyroba
