North America Hearth Market Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Fuel Type (Gas, Electric, Wood, and Pellet), Product Type (Vented and Unvented), Application (Residential and Commercial)

North America Hearth Market Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Fuel Type (Gas, Electric, Wood, and Pellet), Product Type (Vented and Unvented), Application (Residential and Commercial), and Country


The North America hearth market size was valued at US$ 4.12 billion in 2023 and is projected to reach US$ 7.33 billion by 2031; it is expected to grow at a CAGR of 7.5% during 2023–2031.

Increasing Demand for Energy-efficient Space Heating Solutions Across Residential Sector:

Hearth products include freestanding stoves, fireplaces, fireplace inserts, and masonry heaters. These products are widely used in North America for space heating and offer an aesthetic appearance for residential buildings. In North America, energy is majorly utilized for space heating in residential buildings. According to the US Environmental Protection Agency Organization, space heating accounted for ~42% of the energy usage in the residential sector. Furthermore, in the US, homeowners spend ~US$ 73 for energy-related expenditures on space heating. Energy-efficient hearth products are able to reduce energy consumption by 60%–65% depending upon the hearth product used. According to Hearth, Patio & Barbecue Association, in 2021, more than 8.5 million gas-fired fireplaces have been installed in US households.

Due to the growing demand for innovative energy-efficient space heating solutions, several key players are involved in product development. Manufacturers are launching hearth products with improved insulation, advanced combustion technologies, and eco-friendly fuel options to meet consumer preferences and regulatory requirements. For instance, in February 2022, Napoleon launched Ascent BX, a gas fireplace for space heating. This product is the expansion of the Napoleon's Ascent Linear Hearth Series, which is available in 36-inch and 42-inch models.

According to the Hearth, Patio & Barbecue Association (HPBA), about one-third of the residential population in North America planned to purchase new indoor and outdoor hearth appliances in 2022. Also, approximately 95% of the population in the US used space heating solutions. Consumers in North America are expanding their homes with innovative space heating solutions to incorporate in the backyard kitchens. Thus, increasing demand for energy-efficient solutions for space heating across residential and commercial buildings drives the North American hearth market.

The global North America hearth market analysis has been segmented on the basis of fuel type, product type, application, and geography. On the basis of fuel type, the North America hearth market is bifurcated into gas, electric, wood, and pellet. On the basis of product type, the North America hearth market is categorized into vented, and unvented. Based on application, the North America hearth market is divided into residential, and commercial. On the basis of geography, the North America hearth market is categorized into the US, Canada, and Mexico.

The US is one of the major fastest growing hearth markets across the North America. Several factors, including the construction of new residential houses across various cold states such as Washington, California, Minnesota, North and South Dakota, Michigan, and Wisconsin, drive the demand for hearths in the US. These states have the majority of the locations with the cold atmosphere wherein the residents require hearth installed at their houses. Moreover, the increase in energy consumption prices is another major factor pushing consumers to shift from electric-based heating appliances to eco-friendly heating systems. The hearth system allows the production of heat that can be utilized to maintain a warm atmospheric environment inside houses. All these factors are driving the hearth market in the US.

The rise in demand from existing residential houses and commercial buildings across the US is another major factor supporting the installation of hearth systems nationwide. Moreover, the rising awareness for better aesthetics inside the houses is one of the secondary factors driving the adoption of hearth systems. The presence of companies such as IHP Corporate, ACME Stove, Empire Comfort Systems Inc, Hearth & Home Technologies, US Stove Company, The Fireplace Factory, American Panel Hearth Products, Hearth & Home Incorporated, Hearthstopper, and Heatilator is another factor contributing to the US hearth market size.

HNI Corporation, Wolf Steel Ltd, Empire Comfort Systems, Inc., Travis Industries, Inc., Innovative Hearth Products, FPI Fireplace Products International Ltd, Pacific Energy Fireplace Products Ltd., GHP Group Inc, Glen Dimplex Americas, and Stove Builder International are among the key North America hearth market players profiled during this study. In addition, several other important North America hearth market players have been studied and analyzed during the study to get a holistic view of the North America hearth market and its ecosystem.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America hearth market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America hearth market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. North America Hearth Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.3.2 List of Retailers
4.3.3 List of Service Providers
5. North America Hearth Market – Key Market Dynamics
5.1 North America Hearth Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Energy-efficient Space Heating Solutions Across Residential Sector
5.2.2 Rising Demand for Hearths in Commercial Spaces
5.2.3 Increasing Demand for Smart Home Automation across North America
5.3 Market Restraints
5.3.1 High Installation and Maintenance Costs of Hearth Products
5.4 Market Opportunities
5.4.1 Growing Popularity of Outdoor Living Areas
5.5 Future Trends
5.5.1 Growing Adoption of the Electric Fireplaces
5.6 Impact of Drivers and Restraints:
6. North America Hearth Market Analysis
6.1 North America Hearth Market Revenue (US$ Million), 2021–2031
6.2 North America Hearth Market Forecast and Analysis
7. North America Hearth Market Analysis – by Fuel Type
7.1 Gas
7.1.1 Overview
7.1.2 Gas: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Electric
7.2.1 Overview
7.2.2 Electric: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Wood
7.3.1 Overview
7.3.2 Wood: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Pellet
7.4.1 Overview
7.4.2 Pellet: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Hearth Market Analysis – by Product Type
8.1 Vented
8.1.1 Overview
8.1.2 Vented: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Unvented
8.2.1 Overview
8.2.2 Unvented: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Hearth Market Analysis – by Application
9.1 Residential
9.1.1 Overview
9.1.2 Residential: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Hearth Market – Country Analysis
10.1 North America
10.1.1 North America Hearth Market Breakdown by Countries
10.1.2 North America Hearth Market Revenue and Forecast and Analysis – by Country
10.1.2.1 North America Hearth Market Revenue and Forecast and Analysis – by Country
10.1.2.2 United States: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.2.1 United States: North America Hearth Market Breakdown by Fuel Type
10.1.2.2.2 United States: North America Hearth Market Breakdown by Product Type
10.1.2.2.3 United States: North America Hearth Market Breakdown by Application
10.1.2.3 Canada: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.3.1 Canada: North America Hearth Market Breakdown by Fuel Type
10.1.2.3.2 Canada: North America Hearth Market Breakdown by Product Type
10.1.2.3.3 Canada: North America Hearth Market Breakdown by Application
10.1.2.4 Mexico: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.4.1 Mexico: North America Hearth Market Breakdown by Fuel Type
10.1.2.4.2 Mexico: North America Hearth Market Breakdown by Product Type
10.1.2.4.3 Mexico: North America Hearth Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 SBI - International Stove Manufacturer Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Glen Dimplex Europe Holdings Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GHP Group Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Pacific Energy Fireplace Products
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 FPI Fireplace Products International Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HNI Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 IHP Corporate
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Travis Industries Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Empire Comfort Systems
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Wolf Steel Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
LIST OF TABLES
Table 1. North America Hearth Market Segmentation
Table 2. List of Vendors
Table 3. List of Retailers
Table 4. List of Service Providers
Table 5. North America Hearth Market – Revenue and Forecast to 2031 (US$ Million)
Table 6. North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Fuel Type
Table 7. North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 8. North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 9. North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 10. United States: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Fuel Type
Table 11. United States: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 12. United States: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 13. Canada: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Fuel Type
Table 14. Canada: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 15. Canada: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 16. Mexico: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Fuel Type
Table 17. Mexico: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 18. Mexico: North America Hearth Market – Revenue and Forecast to 2031 (US$ Million) – by Application

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