Global Hearth Market Size study, By Fuel Type (Gas, Propane, Electric and Pallet), By Product Type (Vented, Unvented), By Application (Residential and Commercial), and Regional Forecasts 2022-2028

Global Hearth Market Size study, By Fuel Type (Gas, Propane, Electric and Pallet), By Product Type (Vented, Unvented), By Application (Residential and Commercial), and Regional Forecasts 2022-2028

Global Hearth Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. A hearth is a fireplace floor that is created from stone or brick, with or without an oven, which is generally used for both cooking and heating. The hearth protects the floor from radiant heat, flying embers, flames, and burning logs that usually fall from the fireplace. The growing demand for home automation, rising inclination towards aesthetically appealing fireplaces, and increasing availability of numerous customized hearth designs are the chief factors lifting the market demand around the world. For instance, according to Statista, nearly 259.89 million smart homes were recorded globally and the figure is anticipated to grow and reach almost 478.22 million by 2025. Thereby, the increasing number of smart homes is fueling the demand for hearth, which, in turn, accelerates the market growth in the approaching years. However, high installation and maintenance costs of hearths/fireplaces and the execution of stringent government regulations pertaining to environmental protection hinders the growth of the market over the forecast period of 2022-2028. Also, increasing demand for hearth products in the hospitality industry and rising initiatives by the leading market players are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Hearth Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising investment in novel technologies, and the presence of prominent market players such as HNI Corporation, Innovative Hearth Products, Empire Comfort Systems, and many others. Whereas, Europe is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing use of heating appliances in houses, and the growth of hospitality industry, would create lucrative growth prospects for the Hearth Market across the European region.

Major market players included in this report are:
HNI Corporation
Glen Dimplex
Napoleon
Travis Industries
HPC Fire Inspired
Montigo
Stove Builder International (SBI)
Innovative Hearth Products
Empire Comfort Systems
GHP Group Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Fuel Type:
Gas
Propane
Electric and Pallet
By Product Type:
Vented
Unvented
By Application:
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Hearth Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

HNI Corporation
Glen Dimplex
Napoleon
Travis Industries
HPC Fire Inspired
Montigo
Stove Builder International (SBI)
Innovative Hearth Products
Empire Comfort Systems
GHP Group Inc

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.