Hearth Market
PUBLISHED: 2021 ID: SMRC20949
SHARE
SHARE

Hearth Market

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

4.2 (41 reviews)
4.2 (41 reviews)
Published: 2021 ID: SMRC20949

This report covers the impact of COVID-19 on this global market
Loading...

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 .

Products Covered:
• Stove
• Fireplace
• Insert
• Chimney

Fuel Types Covered:
• Electricity
• Wood
• Gas
• Pellet   

Fireplace Types Covered:
• Multi-Sided Fireplaces
• Single-Sided Fireplaces 

Types of Material Covered:
• Granite
• Brick
• Stone
• Marble
• Quarry Tiles
• Concrete
• Slate

Vent Types Covered:
• Direct Vent
• Vent-Free
• B Vent

Designs Covered:
• Traditional Hearth
• Modern Hearth

Placements Covered:
• Portable Hearth
• Indoor Hearth
• Outdoor Hearth

Vent Availabilities Covered:
• Electronic Ignition (Hot Surface Ignition)
• Standard Pilot Ignition

Technologies Covered:
• Zone Heating Technology
• Intermittent Pilot Ignition System
• Smart Home Integration

Applications Covered:
• Commercial
• Residential/Household
• Institutional
• Hospitality

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
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

Table of Contents

1 Executive Summary      
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis     
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Technology Analysis     
 3.8 Application Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes     
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Hearth Market, By Product    
 5.1 Introduction     
 5.2 Stove      
 5.3 Fireplace      
 5.4 Insert      
 5.5 Chimney      
        
6 Global Hearth Market, By Fuel Type    
 6.1 Introduction     
 6.2 Electricity      
 6.3 Wood      
 6.4 Gas      
 6.5 Pellet      
         
7 Global Hearth Market, By Fireplace Type    
 7.1 Introduction     
 7.2 Multi-Sided Fireplaces    
 7.3 Single-Sided Fireplaces    
        
8 Global Hearth Market, By Type of Material   
 8.1 Introduction     
 8.2 Granite      
 8.3 Brick      
 8.4 Stone      
 8.5 Marble      
 8.6 Quarry Tiles     
 8.7 Concrete      
 8.8 Slate      
        
9 Global Hearth Market, By Vent Type    
 9.1 Introduction     
 9.2 Direct Vent     
 9.3 Vent-Free      
 9.4 B Vent      
         
10 Global Hearth Market, By Design    
 10.1 Introduction     
 10.2 Traditional Hearth     
 10.3 Modern Hearth     
  10.3.1 Remote Control System   
  10.3.2 Sensor     
  10.3.3 Valve Kit     
  10.3.4 Burner     
        
11 Global Hearth Market, By Placement    
 11.1 Introduction     
 11.2 Portable Hearth     
 11.3 Indoor Hearth     
 11.4 Outdoor Hearth     
        
12 Global Hearth Market, By Vent Availability   
 12.1 Introduction     
 12.2 Electronic Ignition (Hot Surface Ignition)   
 12.3 Standard Pilot Ignition    
        
13 Global Hearth Market, By Technology    
 13.1 Introduction     
 13.2 Zone Heating Technology    
 13.3 Intermittent Pilot Ignition System   
 13.4 Smart Home Integration    
        
14 Global Hearth Market, By Application    
 14.1 Introduction     
 14.2 Commercial     
 14.3 Residential/Household    
 14.4 Institutional     
 14.5 Hospitality     
        
15 Global Hearth Market, By Geography    
 15.1 Introduction     
 15.2 North America     
  15.2.1 US     
  15.2.2 Canada     
  15.2.3 Mexico     
 15.3 Europe      
  15.3.1 Germany     
  15.3.2 UK     
  15.3.3 Italy     
  15.3.4 France     
  15.3.5 Spain     
  15.3.6 Rest of Europe    
 15.4 Asia Pacific      
  15.4.1 Japan     
  15.4.2 China     
  15.4.3 India     
  15.4.4 Australia     
  15.4.5 New Zealand    
  15.4.6 South Korea    
  15.4.7 Rest of Asia Pacific    
 15.5 South America     
  15.5.1 Argentina     
  15.5.2 Brazil     
  15.5.3 Chile     
  15.5.4 Rest of South America   
 15.6 Middle East & Africa     
  15.6.1 Saudi Arabia    
  15.6.2 UAE     
  15.6.3 Qatar     
  15.6.4 South Africa    
  15.6.5 Rest of Middle East & Africa   
        
16 Key Developments       
 16.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 16.2 Acquisitions & Mergers    
 16.3 New Product Launch     
 16.4 Expansions     
 16.5 Other Key Strategies     
        
17 Company Profiling      
 17.1 Montigo      
 17.2 HNI Corporation     
 17.3 Napoleon Fireplaces     
 17.4 Innovative Hearth Products    
 17.5 Travis Industries     
 17.6 Valor Fireplaces     
 17.7 GHP Group Inc     
 17.8 Stove Builder International (SBI)    
 17.9 Hearth Products Controls Company (HPC)   
 17.10 BFM Europe Ltd     
 17.11 Hearthstone Quality Home Heating Products Inc  
 17.12 Empire Comfort Systems    
 17.13 Glen Dimplex     
 17.14 RH Peterson Co     
 17.15 Wilkening Fireplace     


List of Tables       
1 Global Hearth Market Outlook, By Region (2019-2028) ($MN)  
2 Global Hearth Market Outlook, By Product (2019-2028) ($MN)  
3 Global Hearth Market Outlook, By Stove (2019-2028) ($MN)  
4 Global Hearth Market Outlook, By Fireplace (2019-2028) ($MN)  
5 Global Hearth Market Outlook, By Insert (2019-2028) ($MN)  
6 Global Hearth Market Outlook, By Chimney (2019-2028) ($MN)  
7 Global Hearth Market Outlook, By Fuel Type (2019-2028) ($MN)  
8 Global Hearth Market Outlook, By Electricity (2019-2028) ($MN)   
9 Global Hearth Market Outlook, By Wood (2019-2028) ($MN)  
10 Global Hearth Market Outlook, By Gas (2019-2028) ($MN)  
11 Global Hearth Market Outlook, By Pellet (2019-2028) ($MN)  
12 Global Hearth Market Outlook, By Fireplace Type (2019-2028) ($MN) 
13 Global Hearth Market Outlook, By Multi-Sided Fireplaces (2019-2028) ($MN) 
14 Global Hearth Market Outlook, By Single-Sided Fireplaces (2019-2028) ($MN)
15 Global Hearth Market Outlook, By Type of Material (2019-2028) ($MN) 
16 Global Hearth Market Outlook, By Granite (2019-2028) ($MN)  
17 Global Hearth Market Outlook, By Brick (2019-2028) ($MN)  
18 Global Hearth Market Outlook, By Stone (2019-2028) ($MN)  
19 Global Hearth Market Outlook, By Marble (2019-2028) ($MN)  
20 Global Hearth Market Outlook, By Quarry Tiles (2019-2028) ($MN) 
21 Global Hearth Market Outlook, By Concrete (2019-2028) ($MN)  
22 Global Hearth Market Outlook, By Slate (2019-2028) ($MN)  
23 Global Hearth Market Outlook, By Vent Type (2019-2028) ($MN)  
24 Global Hearth Market Outlook, By Direct Vent (2019-2028) ($MN) 
25 Global Hearth Market Outlook, By Vent-Free (2019-2028) ($MN)  
26 Global Hearth Market Outlook, By B Vent (2019-2028) ($MN)  
27 Global Hearth Market Outlook, By Design (2019-2028) ($MN)  
28 Global Hearth Market Outlook, By Traditional Hearth (2019-2028) ($MN) 
29 Global Hearth Market Outlook, By Modern Hearth (2019-2028) ($MN) 
30 Global Hearth Market Outlook, By Remote Control System (2019-2028) ($MN)
31 Global Hearth Market Outlook, By Sensor (2019-2028) ($MN)  
32 Global Hearth Market Outlook, By Valve Kit (2019-2028) ($MN)  
33 Global Hearth Market Outlook, By Burner (2019-2028) ($MN)  
34 Global Hearth Market Outlook, By Placement (2019-2028) ($MN)  
35 Global Hearth Market Outlook, By Portable Hearth (2019-2028) ($MN) 
36 Global Hearth Market Outlook, By Indoor Hearth (2019-2028) ($MN) 
37 Global Hearth Market Outlook, By Outdoor Hearth (2019-2028) ($MN) 
38 Global Hearth Market Outlook, By Vent Availability (2019-2028) ($MN) 
39 Global Hearth Market Outlook, By Electronic Ignition (Hot Surface Ignition) (2019-2028) ($MN)
40 Global Hearth Market Outlook, By Standard Pilot Ignition (2019-2028) ($MN)
41 Global Hearth Market Outlook, By Technology (2019-2028) ($MN) 
42 Global Hearth Market Outlook, By Zone Heating Technology (2019-2028) ($MN)
43 Global Hearth Market Outlook, By Intermittent Pilot Ignition System (2019-2028) ($MN)
44 Global Hearth Market Outlook, By Smart Home Integration (2019-2028) ($MN)
45 Global Hearth Market Outlook, By Application (2019-2028) ($MN) 
46 Global Hearth Market Outlook, By Commercial (2019-2028) ($MN) 
47 Global Hearth Market Outlook, By Residential/Household (2019-2028) ($MN)
48 Global Hearth Market Outlook, By Institutional (2019-2028) ($MN) 
49 Global Hearth Market Outlook, By Hospitality (2019-2028) ($MN)  
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials