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> Construction and HVAC> Hearth Market
Construction and HVAC CH0024 January 2020 Share

Hearth Market

The Hearth market is expected to grow from USD 16.5 billion in 2019 to USD 20.96 billion by 2025 at a CAGR of 3.48% from 2019 to 2025.

In terms of modern or historic use, a hearth is mentioned as a stone or brick-lined fireplace, without or with an oven, essentially used for heating and also cooking food. For a long time, a hearth was a crucial part of a household and was mainly the most significant and central feature of the house. Former, a hearth was commonly placed in the center of the hall, with the smoke expanding to a smoke hole through the room. Later, such types of hearths were relocated to the side of a room and were installed with a chimney. In terms of fireplace design, a hearth is a crucial fragment of the fireplace, generally comprising masonry at the floor level or above and beneath the fireplace mantel. However, modern fireplaces have enhanced efficiency and have also been electrified, thus giving rise to the development of new types of hearths.  The development of the market is the growing demand for home décor products and the cold climatic conditions in certain regions. The rising disposable income has improved the interest of the consumers towards esthetical products for home decoration. Growing developments in the hearth technologies and the use of the fuels that are smoke-free are driving the evolution of the market. Institutional, Residential, and Commercial. Based on Technology the market is segmented in Zone Heating Technology, Smart Home Integration, Direct Vent Technology, Intermittent Pilot Ignition System, and Others. Based on Placement the market is segmented in Outdoor Hearth, Portable Hearth, and Indoor Hearth. Based on Design, the global market is segmented in Modern Hearth and Traditional Hearth. The report also bifurcates the market based on Product in Stove, Insert, and Fireplace. The report also bifurcates the global Hearth the global Fuel Type market is segmented in Electricity, Pellet, Wood, and Gas.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

HNI Corporation (US), Innovative Hearth Products LLC (US), Travis Industries Inc. (US), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems Inc. (US), Hearth Products Controls Co. (US), Hearthstone Stoves (US), Montigo (Canada), Pacific Energy (Canada), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Hearth market has been segmented as below:

By Application

  • Hospitality
  • Institutional
  • Residential
  • Commercial

By Technology

  • Zone Heating Technology
  • Smart Home Integration
  • Direct Vent Technology
  • Intermittent Pilot Ignition System
  • Others

By Placement

  • Outdoor Hearth
  • Portable Hearth
  • Indoor Hearth

By Design

  • Modern Hearth
  • Traditional Hearth

By Product

  • Stove
  • Insert
  • Fireplace

By Fuel Type

  • Electricity
  • Pellet
  • Wood
  • Gas

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • HNI Corporation (US)
  • Innovative Hearth Products LLC (US)
  • Travis Industries Inc. (US)
  • FPI Fireplace Products International Ltd. (Canada)
  • Napoleon Products (Canada)
  • Empire Comfort Systems Inc. (US)
  • Hearth Products Controls Co. (US)
  • Hearthstone Stoves (US)
  • Montigo (Canada)
  • Pacific Energy (Canada)

The report covers the below scope:

  • Global market sizes from 2019 to 2025, along with CAGR for 2020-2025
  • Market size comparison for 2020 vs 2025, with actual data for 2020, estimates for 2021 and forecast from 2021 to 2025
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2020
  • Projected year - 2021
  • Forecast period - 2021 to 2025

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include HNI Corporation (US), Innovative Hearth Products LLC (US), Travis Industries Inc. (US), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems Inc. (US), Hearth Products Controls Co. (US), Hearthstone Stoves (US), Montigo (Canada), Pacific Energy (Canada), and others.

Why to Buy this Report:

  • Gain detailed insights on the Hearth industry trends
  • Find a complete analysis of the market status
  • Identify the market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. Hearth Market, By Application

            5.1 Introduction

            5.2 Hospitality

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Institutional

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Residential

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Commercial

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

  1. Hearth Market, By Technology

            6.1 Introduction

            6.2 Zone Heating Technology

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Smart Home Integration

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

            6.4 Direct Vent Technology

                        6.4.1 Market Overview

                        6.4.2 Market Size and Forecast

            6.5 Intermittent Pilot Ignition System

                        6.5.1 Market Overview

                        6.5.2 Market Size and Forecast

            6.6 Others

                        6.6.1 Market Overview

                        6.6.2 Market Size and Forecast

  1. Hearth Market, By Placement

            7.1 Introduction

            7.2 Outdoor Hearth

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Portable Hearth

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

            7.4 Indoor Hearth

                        7.4.1 Market Overview

                        7.4.2 Market Size and Forecast

  1. Hearth Market, By Design

            8.1 Introduction

            8.2 Modern Hearth

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 Traditional Hearth

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

  1. Hearth Market, By Product

            9.1 Introduction

            9.2 Stove

                        9.2.1 Market Overview

                        9.2.2 Market Size and Forecast

            9.3 Insert

                        9.3.1 Market Overview

                        9.3.2 Market Size and Forecast

            9.4 Fireplace

                        9.4.1 Market Overview

                        9.4.2 Market Size and Forecast

  1. Hearth Market, By Fuel Type

            10.1 Introduction

            10.2 Electricity

                        10.2.1 Market Overview

                        10.2.2 Market Size and Forecast

            10.3 Pellet

                        10.3.1 Market Overview

                        10.3.2 Market Size and Forecast

            10.4 Wood

                        10.4.1 Market Overview

                        10.4.2 Market Size and Forecast

            10.5 Gas

                        10.5.1 Market Overview

                        10.5.2 Market Size and Forecast

  1. Hearth Market, By Geography

            11.1 Introduction

            11.2 North America

                        11.2.1 North America Market, By Application

                        11.2.2 North America Market, By Technology

                        11.2.3 North America Market, By Placement

                        11.2.4 North America Market, By Design

                        11.2.5 North America Market, By Product

                        11.2.6 North America Market, By Fuel Type

            11.3 Europe

                        11.3.1 Europe Market, By Application

                        11.3.2 Europe Market, By Technology

                        11.3.3 Europe Market, By Placement

                        11.3.4 Europe Market, By Design

                        11.3.5 Europe Market, By Product

                        11.3.6 Europe Market, By Fuel Type

            11.4 Asia-Pacific

                        11.4.1 Asia-Pacific Market, By Application

                        11.4.2 Asia-Pacific Market, By Technology

                        11.4.3 Asia-Pacific Market, By Placement

                        11.4.4 Asia-Pacific Market, By Design

                        11.4.5 Asia-Pacific Market, By Product

                        11.4.6 Asia-Pacific Market, By Fuel Type

            11.5 Rest of the World

                        11.5.1 Rest of the World Market, By Application

                        11.5.2 Rest of the World Market, By Technology

                        11.5.3 Rest of the World Market, By Placement

                        11.5.4 Rest of the World Market, By Design

                        11.5.5 Rest of the World Market, By Product

                        11.5.6 Rest of the World Market, By Fuel Type

  1. Competitive Insights

            12.1 Key Insights

            12.2 Company Market Share Analysis

            12.3 Strategic Outlook

                        12.3.1 Mergers & Acquisitions

                        12.3.2 New Product Development

                        12.3.3 Portfolio/Production Capacity Expansions

                        12.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        12.3.5 Others

  1. Company Profiles

            13.1 HNI Corporation (US)

                        13.1.1 Company Overview

                        13.1.2 Product/Service Landscape

                        13.1.3 Financial Overview

                        13.1.4 Recent Developments

            13.2 Innovative Hearth Products LLC (US)

                        13.2.1 Company Overview

                        13.2.2 Product/Service Landscape

                        13.2.3 Financial Overview

                        13.2.4 Recent Developments

            13.3 Travis Industries Inc. (US)

                        13.3.1 Company Overview

                        13.3.2 Product/Service Landscape

                        13.3.3 Financial Overview

                        13.3.4 Recent Developments

            13.4 FPI Fireplace Products International Ltd. (Canada)

                        13.4.1 Company Overview

                        13.4.2 Product/Service Landscape

                        13.4.3 Financial Overview

                        13.4.4 Recent Developments

            13.5 Napoleon Products (Canada)

                        13.5.1 Company Overview

                        13.5.2 Product/Service Landscape

                        13.5.3 Financial Overview

                        13.5.4 Recent Developments

            13.6 Empire Comfort Systems Inc. (US)

                        13.6.1 Company Overview

                        13.6.2 Product/Service Landscape

                        13.6.3 Financial Overview

                        13.6.4 Recent Developments

            13.7 Hearth Products Controls Co. (US)

                        13.7.1 Company Overview

                        13.7.2 Product/Service Landscape

                        13.7.3 Financial Overview

                        13.7.4 Recent Developments

            13.8 Hearthstone Stoves (US)

                        13.8.1 Company Overview

                        13.8.2 Product/Service Landscape

                        13.8.3 Financial Overview

                        13.8.4 Recent Developments

            13.9 Montigo (Canada)

                        13.9.1 Company Overview

                        13.9.2 Product/Service Landscape

                        13.9.3 Financial Overview

                        13.9.4 Recent Developments

            13.10 Pacific Energy (Canada)

                        13.10.1 Company Overview

                        13.10.2 Product/Service Landscape

                        13.10.3 Financial Overview

                        13.10.4 Recent Developments

The global Hearth market has been segmented as below:

By Application

  • Hospitality
  • Institutional
  • Residential
  • Commercial

By Technology

  • Zone Heating Technology
  • Smart Home Integration
  • Direct Vent Technology
  • Intermittent Pilot Ignition System
  • Others

By Placement

  • Outdoor Hearth
  • Portable Hearth
  • Indoor Hearth

By Design

  • Modern Hearth
  • Traditional Hearth

By Product

  • Stove
  • Insert
  • Fireplace

By Fuel Type

  • Electricity
  • Pellet
  • Wood
  • Gas

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • HNI Corporation (US)
  • Innovative Hearth Products LLC (US)
  • Travis Industries Inc. (US)
  • FPI Fireplace Products International Ltd. (Canada)
  • Napoleon Products (Canada)
  • Empire Comfort Systems Inc. (US)
  • Hearth Products Controls Co. (US)
  • Hearthstone Stoves (US)
  • Montigo (Canada)
  • Pacific Energy (Canada)

FAQ's

The global hearth market size is expected to surpass USD 20.96 billion by 2025.

HNI Corporation, Innovative Hearth Products LLC, Travis Industries Inc., FPI Fireplace Products International Ltd., Napoleon Products, Empire Comfort Systems Inc., Hearth Products Controls Co., Hearthstone Stoves, Montigo, Pacific Energy are among the key players in the global hearth market. We provide a minimum of 10 company profiles in the report.

The fireplace hold a leading market share in the hearth market share in 2019.

Yes, the individual sections of the report can be purchased. Please contact our sales representative to assist you in this regard.

Market Reports Library offers report customizations according to the client requirements, as we understand that the client requirements may not be solely satisfied by our syndicated reports. We offer a dedicated team for the customizations offering maximum value output for the money spent by the client. The modifications of report scope and additional insights are provided free as post-sale support to an extent of 10% of the report cost.

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