Hearth Market Forecasts to 2028 – Global Analysis By Vent Type (Direct Vent, Vent-Free, B Vent), Design (Traditional Hearth, Modern Hearth), Placement (Portable Hearth, Indoor Hearth, Outdoor Hearth) and By Geography
According to Stratistics MRC, the Global Hearth Market is accounted for $7.70 billion in 2020 and is expected to reach $12.94 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Factors such as growing demand for decorating homes and availability of customized hearth design options are driving the growth of the market. However, availability of alternative space heating technologies is hampering the growth of the market.
A hearth is a fireplace’s floor area which can be built out of a variety of materials. The hearth is constructed of non-combustible material and is designed to protect the floor of the home from materials that may tumble out of the fireplace.
Based on the design, the modern hearth segment is anticipated to expand at a rapid pace during the forecast period owing to its fuel efficiency, low emission rate, and aesthetic appeal. By geography, North America is going to have high growth during the forecast period which can be attributed to the high number of commercial as well as residential installations comprising of both modern and traditional hearths.
Some of the key players profiled in the Hearth Market include Montigo, HNI Corporation, Napoleon Fireplaces, Innovative Hearth Products, Travis Industries, Valor Fireplaces, GHP Group Inc, Stove Builder International (SBI), Hearth Products Controls Company (HPC), BFM Europe Ltd, Hearthstone Quality Home Heating Products Inc, Empire Comfort Systems , Glen Dimplex, RH Peterson Co, and Wilkening Fireplace .
Fuel Types Covered:
Fireplace Types Covered:
• Multi-Sided Fireplaces
• Single-Sided Fireplaces
Types of Material Covered:
• Quarry Tiles
Vent Types Covered:
• Direct Vent
• B Vent
• Traditional Hearth
• Modern Hearth
• Portable Hearth
• Indoor Hearth
• Outdoor Hearth
Vent Availabilities Covered:
• Electronic Ignition (Hot Surface Ignition)
• Standard Pilot Ignition
• Zone Heating Technology
• Intermittent Pilot Ignition System
• Smart Home Integration
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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