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
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
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
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