Market Overview:
The global wood stoves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for energy-efficient heating solutions and rising awareness about environment-friendly alternatives to traditional heating methods. The global wood stoves market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into freestanding wood stoves, embedded wood stoves, and others. The freestanding wood stove segment is expected to account for a major share of the global Wood Stove Market in terms of value due to its growing popularity among consumers owing to its design flexibility and portability. On the basis of application, commercial applications are expected account for a larger share than residential applications in terms of value due high installation rates across various industries such as hospitality & food services, healthcare & education institutions etc.
Product Definition:
A wood stove is a heating appliance that burns wood to produce heat. The heat from the burning wood is transferred to the surrounding air, which in turn warms the room. Wood stoves are often used as an alternative to traditional heating systems, such as furnaces or boilers.
Freestanding:
Freestanding wood-burning stoves are the most common type of fuelwood cooking equipment in rural areas of developing countries including China, India, and Bangladesh. The freestanding wood-burning stoves have a single chamber for burning coal or charcoal to generate heat and cook food. These products are mostly used in the rural households as they can easily cater to all requirements such as small size, easy cleaning & maintenance and also cost effective.
Embedded:
Embedded is a program that runs inside the device and controls its operation. It's main function is to monitor and control the temperature of an electronic device. Embedded systems are used in almost all modern devices ranging from cars, washing machines, smartphones to wood stoves. Wood stove manufacturers use embedded systems for product control and monitoring functions which include temperature measurement as well as fuel management (if any).
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. Increasing urban population coupled with rising disposable income levels in developing countries including China, India, Brazil and so on is expected to drive demand for wood stoves in residential applications.
Commercial application segment was valued at USD 1,818.6 million in 2017 owing to increasing adoption of wood-fired boilers by small scale industrial units and commercial establishments including hotels, restaurants and pubs across Europe and North America regions.
Regional Analysis:
Europe was the largest market for wood stoves accounting for a share of more than 35.0% in 2017 owing to high demand from countries including Germany, France, Italy and U.K. The region is expected to dominate the global market over the forecast period owing to increasing product adoption coupled with government initiatives such as eco-label and green building certification programs encouraging consumers towards energy-efficient products.
Asia Pacific is projected to be one of the fastest growing regional markets at a CAGR of XX% from 2018 to 2030 due rising population in China.
Growth Factors:
- Increasing demand for wood stoves from rural areas as a result of the growing popularity of off-grid living and the increasing number of people who are choosing to live in rural areas.
- The increasing popularity of wood stoves as a result of their ability to produce heat that is more environmentally friendly and sustainable than other forms of heating such as gas or electric heating systems.
- The growing awareness among consumers about the health benefits associated with using wood stoves, including improved air quality and reduced exposure to harmful emissions.
- The rising cost of traditional forms of heating such as gas and electric, which has led many consumers to consider alternatives such as wood stoves.
- The increasing availability of affordable, high-quality wood stoves that are designed for both residential and commercial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Stoves Market Research Report
By Type
Freestanding, Embedded, Others
By Application
Commercial, Residential
By Companies
Lopi, Quadrafire, Buck Stoves, Osburn Stoves, US Stove Company, Majestic Stoves, Empire Stoves, Napoleon, Blaze King, Kuma Stoves, Hearthstone, Jotul, Regency Fireplace Products, Pacific Energy, Woodstock, Drolet, Superior (Gruppo Piazzetta), Kingsman Fireplaces
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Wood Stoves Market Report Segments:
The global Wood Stoves market is segmented on the basis of:
Types
Freestanding, Embedded, Others
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, Residential
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:
- Lopi
- Quadrafire
- Buck Stoves
- Osburn Stoves
- US Stove Company
- Majestic Stoves
- Empire Stoves
- Napoleon
- Blaze King
- Kuma Stoves
- Hearthstone
- Jotul
- Regency Fireplace Products
- Pacific Energy
- Woodstock
- Drolet
- Superior (Gruppo Piazzetta)
- Kingsman Fireplaces
Highlights of The Wood 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:
- Freestanding
- Embedded
- Others
- By Application:
- Commercial
- Residential
- 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 Wood 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?
Wood stoves are a type of stove that burn wood to produce heat. They can be used in homes, businesses, and other places where there is access to wood.
Some of the key players operating in the wood stoves market are Lopi, Quadrafire, Buck Stoves, Osburn Stoves, US Stove Company, Majestic Stoves, Empire Stoves, Napoleon, Blaze King, Kuma Stoves, Hearthstone, Jotul, Regency Fireplace Products, Pacific Energy, Woodstock, Drolet, Superior (Gruppo Piazzetta), Kingsman Fireplaces.
The wood stoves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood 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 Wood Stoves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood 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 Wood 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 Wood Stoves Market Size & Forecast, 2018-2028
4.5.1 Wood Stoves Market Size and Y-o-Y Growth
4.5.2 Wood Stoves Market Absolute $ Opportunity
Chapter 5 Global Wood Stoves 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 Wood Stoves Market Size Forecast by Type
5.2.1 Freestanding
5.2.2 Embedded
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood Stoves 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 Wood Stoves Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood 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 Wood 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 Wood Stoves Analysis and Forecast
9.1 Introduction
9.2 North America Wood Stoves 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 Wood Stoves Market Size Forecast by Type
9.6.1 Freestanding
9.6.2 Embedded
9.6.3 Others
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 Wood Stoves Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
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 Wood Stoves Analysis and Forecast
10.1 Introduction
10.2 Europe Wood Stoves 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 Wood Stoves Market Size Forecast by Type
10.6.1 Freestanding
10.6.2 Embedded
10.6.3 Others
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 Wood Stoves Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
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 Wood Stoves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood Stoves 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 Wood Stoves Market Size Forecast by Type
11.6.1 Freestanding
11.6.2 Embedded
11.6.3 Others
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 Wood Stoves Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
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 Wood Stoves Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood Stoves 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 Wood Stoves Market Size Forecast by Type
12.6.1 Freestanding
12.6.2 Embedded
12.6.3 Others
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 Wood Stoves Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
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) Wood Stoves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood Stoves 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) Wood Stoves Market Size Forecast by Type
13.6.1 Freestanding
13.6.2 Embedded
13.6.3 Others
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) Wood Stoves Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
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 Wood Stoves Market: Competitive Dashboard
14.2 Global Wood Stoves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lopi
14.3.2 Quadrafire
14.3.3 Buck Stoves
14.3.4 Osburn Stoves
14.3.5 US Stove Company
14.3.6 Majestic Stoves
14.3.7 Empire Stoves
14.3.8 Napoleon
14.3.9 Blaze King
14.3.10 Kuma Stoves
14.3.11 Hearthstone
14.3.12 Jotul
14.3.13 Regency Fireplace Products
14.3.14 Pacific Energy
14.3.15 Woodstock
14.3.16 Drolet
14.3.17 Superior (Gruppo Piazzetta)
14.3.18 Kingsman Fireplaces
