Market Overview:
The global hearth 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 the increasing demand for hearths from household and commercial applications across different regions. In terms of type, the wood type segment is expected to hold a major share of the global hearth market during the forecast period. This can be attributed to factors such as rising popularity of traditional fireplace designs and increasing demand for eco-friendly heating solutions.
Product Definition:
The Hearth is the part of a fireplace that provides a solid foundation for the burning logs. It is also used as a cooking surface.
Wood Type:
Wood type is one of the most important factors in a hearth market. It has been observed that wood type and species plays an important role in determining the efficiency of heat production from a fire. The selection of appropriate wood for construction is an integral part of home heating systems design, as improper selection can result in low BTU (British Thermal Unit) value, which may impact overall system performance.
The different types are classified on the basis of their water content i.e.
Pellet Type:
Pellet type is a classification of wood-based fuel, which is used in fireplaces, stoves and grills for cooking. It can be classified into two types: hardwood and softwood. The most common types of pellet fuels are oak, maple, pecan and hickory.
Application Insights:
The household application segment led the global market and accounted for more than 60.0% share of the total revenue in 2017. The rising demand for gas fireplaces from residential areas to heat homes is expected to be a major factor driving the product demand over the forecast period. In addition, increasing spending on home remodeling activities across developed economies including U.S., Canada, Germany and France is likely to propel industry growth over the next eight years.
Commercial application was estimated as one of the fastest-growing segments owing to increasing renovation activities in commercial spaces including hotels, restaurants and museums at a global level due to growing tourism industry at a domestic level in countries such as China, India.
Regional Analysis:
Europe dominated the global market in 2017 owing to high demand for fireplaces and increasing construction of new houses. Asia Pacific is expected to witness significant growth over the forecast period due to rising disposable income, growing population, and improving standards of living. Rising awareness regarding alternative sources of energy is also anticipated to drive regional growth over the next eight years.
North America has a large number of commercial buildings constructed using different types of heaters such as wood-fired stoves, gas fireplaces, electric fireplaces; therefore driving demand for hearths in this region. The U.S.
The Middle East & Africa (MEA) region has been witnessing rapid development in terms of infrastructure including hotels.
Growth Factors:
- Increasing demand for home décor and furniture
- Rising disposable income of the population
- Proliferation of online retail platforms
- Growing popularity of DIY projects
- Introduction of innovative products and designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearth Market Research Report
By Type
Wood Type, Pellet Type, Gas Type, Others
By Application
Household, Commercial Application
By Companies
HNI Corporation, Innovative Hearth Products, FPI Fireplace, Travis Industries, SUPRA, Napoleon, Seguin Duteriez, Empire Comfort Systems, Palazzetti, GHP Group, Ningbo Hongsheng, MCZ group, Spartherm, Breckwell, La Nordica, Monessen, CALADIA, Boley, Canature
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Hearth Market Report Segments:
The global Hearth market is segmented on the basis of:
Types
Wood Type, Pellet Type, Gas Type, 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
Household, Commercial Application
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 Corporation
- Innovative Hearth Products
- FPI Fireplace
- Travis Industries
- SUPRA
- Napoleon
- Seguin Duteriez
- Empire Comfort Systems
- Palazzetti
- GHP Group
- Ningbo Hongsheng
- MCZ group
- Spartherm
- Breckwell
- La Nordica
- Monessen
- CALADIA
- Boley
- Canature
Highlights of The 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:
- Wood Type
- Pellet Type
- Gas Type
- Others
- By Application:
- Household
- Commercial Application
- 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 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?
Hearth is a digital distribution platform for video games. It offers a selection of over 1,000 games from independent developers and publishers, as well as user-generated content and services such as cloud saving.
Some of the major players in the hearth market are HNI Corporation, Innovative Hearth Products, FPI Fireplace, Travis Industries, SUPRA, Napoleon, Seguin Duteriez, Empire Comfort Systems, Palazzetti, GHP Group, Ningbo Hongsheng, MCZ group, Spartherm, Breckwell, La Nordica, Monessen, CALADIA, Boley, Canature.
The hearth market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hearth Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hearth Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hearth Market - Supply Chain
4.5. Global Hearth Market Forecast
4.5.1. Hearth Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hearth Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hearth Market Absolute $ Opportunity
5. Global Hearth Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hearth Market Size and Volume Forecast by Type
5.3.1. Wood Type
5.3.2. Pellet Type
5.3.3. Gas Type
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hearth Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hearth Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hearth Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hearth Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hearth Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hearth Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hearth Demand Share Forecast, 2019-2026
9. North America Hearth Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hearth Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hearth Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hearth Market Size and Volume Forecast by Type
9.7.1. Wood Type
9.7.2. Pellet Type
9.7.3. Gas Type
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hearth Demand Share Forecast, 2019-2026
10. Latin America Hearth Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hearth Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hearth Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hearth Market Size and Volume Forecast by Type
10.7.1. Wood Type
10.7.2. Pellet Type
10.7.3. Gas Type
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hearth Demand Share Forecast, 2019-2026
11. Europe Hearth Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hearth Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hearth Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hearth Market Size and Volume Forecast by Type
11.7.1. Wood Type
11.7.2. Pellet Type
11.7.3. Gas Type
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Tye
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hearth Demand Share, 2019-2026
12. Asia Pacific Hearth Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hearth Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hearth Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hearth Market Size and Volume Forecast by Type
12.7.1. Wood Type
12.7.2. Pellet Type
12.7.3. Gas Type
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hearth Demand Share, 2019-2026
13. Middle East & Africa Hearth Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hearth Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hearth Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hearth Market Size and Volume Forecast by Type
13.7.1. Wood Type
13.7.2. Pellet Type
13.7.3. Gas Type
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hearth Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hearth Market: Market Share Analysis
14.2. Hearth Distributors and Customers
14.3. Hearth Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HNI Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Innovative Hearth Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FPI Fireplace
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Travis Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SUPRA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Napoleon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Seguin Duteriez
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Empire Comfort Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Palazzetti
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GHP Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ningbo Hongsheng
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MCZ group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Spartherm
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Breckwell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. La Nordica
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Monessen
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CALADIA
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Boley
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Canature
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
