Product Code: PM2827
The global hearth market size is expected to reach USD 13.4 billion by 2030, according to a new study by Polaris Market Research. The report "Hearth Market Share, Size, Trends, Industry Analysis Report, By Product Type (Stoves, Wall Mounted, Built-in, Fireplace, Inserts, Mentel/Freestanding, and Tabletop); By Fuel Type; By Placement; By Application; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for hearths is expected to experience tremendous development prospects due to rising home automation and rising demand for smoke-free hearths. In October 2021, Kidde MOON is a line of cutting-edge smart home products from Carrier. The company's entry into China's expanding residential, customer smart home products market is marked by the launch of a new product line that comprises smoke detectors, gas, temperatures, humidity levels, water leak, and motion sensors.
Moreover, throughout the forecast period, the market is anticipated to grow as a result of rising demand for portable hearths and rising manufacturers' focus on untapped markets in developing nations by promoting their brands.
Furthermore, it is projected that the availability of a wide variety of hearths combined with the rising use of hearths as luxurious showpieces among high-income populations will promote market growth. For instance, In June 2021, Galaxy Surfactants Limited announced the introduction of the specialist home healthcare brand "Galaxy Hearth," which is especially targeted at customer demands in the modern world. Galaxy Hearth is similarly built on the primary tenet of pioneering higher sustainability enabling considerations for FMCG firms providing homecare solutions that are often classified as belonging to the laundry category. Another important aspect that is anticipated to boost the market expansion for hearths is the growing number of competitors in the industry.
Additionally, significant growth prospects are anticipated as hearth usage increases in the hospitality, business, institutional, and residential sectors. The market for hearths is predicted to develop as more public spaces for recreation, including bars, restaurants, cafes, and hotels, implement them widely to improve customer experience and make the space more visually appealing.
Hearth Market Report Highlights
Gas hearths segment is anticipated to grow at a significant CAGR over the forecast period. Gas hearths are renowned for their ability to burn cleanly. Natural gas hearths emit far less carbon monoxide and particle emissions than wood hearths.
The fireplace segment accounted for a prominent share of the global revenue share. The major purpose of the fireplace element is to create a cozy and comfortable ambiance both indoors and outside. Modern fireplaces are more energy-efficient and have simpler designs.
Asia-Pacific is expected to grow at a faster rate over the projected period due to the rise in the demand for renewable energy. The use of various types of heating appliances in homes because of the extremely cold weather is the main cause of the region's exponential expansion.
The global players include Bigwoods Hearth Products, FPI Fireplace Products, Hearth Products Controls, Innovative Hearth Products, La Nordica, Napoleon Fireplaces, Stellar Hearth Products, SPARTHERM FEUERUNGSTECHNIK, and Travis Industries.
Polaris Market Research has segmented the hearth market report based on product type, fuel type, placement, application, and region:
Hearth, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Stoves
Wall Mounted
Built-in
Fireplace
Single-sided
Multisided
Inserts
Mentel/Freestanding
Tabletop
Hearth, Fuel Type Outlook (Revenue - USD Billion, 2018 - 2030)
Wood
Gas
Electricity
Pellet
Hearth, Placement Outlook (Revenue - USD Billion, 2018 - 2030)
Indoor
Outdoor
Portable
Hearth, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Residential
Institutional
Hospitality
Commercial
Hearth, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Hearth Market Insights
- 4.1. Hearth - Industry Snapshot
- 4.2. Hearth Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for home automation
- 4.2.1.2. Growing demand for hearth products in hospitality industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High maintenance cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Hearth Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Hearth Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 5.3. Residential
- 5.3.1. Global Hearth Market, by Residential, by Region, 2018 - 2030 (USD Billion)
- 5.4. Institutional
- 5.4.1. Global Hearth Market, by Institutional, by Region, 2018 - 2030 (USD Billion)
- 5.5. Hospitality
- 5.5.1. Global Hearth Market, by Hospitality, by Region, 2018 - 2030 (USD Billion)
- 5.6. Commercial
- 5.6.1. Global Hearth Market, by Commercial, by Region, 2018 - 2030 (USD Billion)
6. Global Hearth Market, by Fuel Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 6.3. Wood
- 6.3.1. Global Hearth Market, by Wood, by Region, 2018 - 2030 (USD Billion)
- 6.4. Gas
- 6.4.1. Global Hearth Market, by Gas, by Region, 2018 - 2030 (USD Billion)
- 6.5. Electricity
- 6.5.1. Global Hearth Market, by Electricity, by Region, 2018 - 2030 (USD Billion)
- 6.6. Pellet
- 6.6.1. Global Hearth Market, by Pellet, by Region, 2018 - 2030 (USD Billion)
7. Global Hearth Market, by Product Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 7.3. Stoves
- 7.3.1. Global Hearth Market, by Stoves, by Region, 2018 - 2030 (USD Billion)
- 7.4. Wall Mounted
- 7.4.1. Global Hearth Market, by Wall Mounted, by Region, 2018 - 2030 (USD Billion)
- 7.5. Built-in
- 7.5.1. Global Hearth Market, by Built-in, by Region, 2018 - 2030 (USD Billion)
- 7.6. Fireplace
- 7.6.1. Global Hearth Market, by Fireplace, by Region, 2018 - 2030 (USD Billion)
- 7.6.2. Single-sided
- 7.6.2.1. Global Hearth Market, by Single-sided, by Region, 2018 - 2030 (USD Billion)
- 7.6.3. Multisided
- 7.6.3.1. Global Hearth Market, by Multisided, by Region, 2018 - 2030 (USD Billion)
- 7.7. Inserts
- 7.7.1. Global Hearth Market, by Inserts, by Region, 2018 - 2030 (USD Billion)
- 7.8. Mentel/Freestanding
- 7.8.1. Global Hearth Market, by Mentel/Freestanding, by Region, 2018 - 2030 (USD Billion)
- 7.9. Tabletop
- 7.9.1. Global Hearth Market, by Tabletop, by Region, 2018 - 2030 (USD Billion)
8. Global Hearth Market, by Placement
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 8.3. Indoor
- 8.3.1. Global Hearth Market, by Indoor, by Region, 2018 - 2030 (USD Billion)
- 8.4. Outdoor
- 8.4.1. Global Hearth Market, by Outdoor, by Region, 2018 - 2030 (USD Billion)
- 8.5. Portable
- 8.5.1. Global Hearth Market, by Portable, by Region, 2018 - 2030 (USD Billion)
9. Global Hearth Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Hearth Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 9.3. Hearth Market - North America
- 9.3.1. North America: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.2. North America: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.3.3. North America: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.3.4. North America: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.3.5. Hearth Market - U.S.
- 9.3.5.1. U.S.: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.5.2. U.S.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.3.5.3. U.S.: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.3.5.4. U.S.: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.3.6. Hearth Market - Canada
- 9.3.6.1. Canada: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.6.2. Canada: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.3.6.3. Canada: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.3.6.4. Canada: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4. Hearth Market - Europe
- 9.4.1. Europe: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.2. Europe: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.3. Europe: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.4. Europe: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.5. Hearth Market - UK
- 9.4.5.1. UK: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.5.2. UK: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.5.3. UK: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.5.4. UK: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.6. Hearth Market - France
- 9.4.6.1. France: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.6.2. France: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.6.3. France: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.6.4. France: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.7. Hearth Market - Germany
- 9.4.7.1. Germany: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.7.2. Germany: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.7.3. Germany: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.7.4. Germany: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.8. Hearth Market - Italy
- 9.4.8.1. Italy: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.8.2. Italy: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.8.3. Italy: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.8.4. Italy: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.9. Hearth Market - Spain
- 9.4.9.1. Spain: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.9.2. Spain: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.9.3. Spain: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.9.4. Spain: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.10. Hearth Market - Netherlands
- 9.4.10.1. Netherlands: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.10.2. Netherlands: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.10.3. Netherlands: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.10.4. Netherlands: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.4.11. Hearth Market - Russia
- 9.4.11.1. Russia: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.11.2. Russia.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.4.11.3. Russia: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.4.11.4. Russia: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5. Hearth Market - Asia Pacific
- 9.5.1. Asia Pacific: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.2. Asia Pacific: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.3. Asia Pacific: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.4. Asia Pacific: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.5. Hearth Market - China
- 9.5.5.1. China: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.5.2. China.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.5.3. China: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.5.4. China: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.6. Hearth Market - India
- 9.5.6.1. India: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.6.2. India.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.6.3. India: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.6.4. India: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.7. Hearth Market - Japan
- 9.5.7.1. Japan: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.7.2. Japan.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.7.3. Japan: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.7.4. Japan: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.8. Hearth Market - Malaysia
- 9.5.8.1. Malaysia: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.8.2. Malaysia.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.8.3. Malaysia: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.8.4. Malaysia: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.9. Hearth Market - Indonesia
- 9.5.9.1. Indonesia: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.9.2. Indonesia.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.9.3. Indonesia: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.9.4. Indonesia: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.5.10. Hearth Market - South Korea
- 9.5.10.1. South Korea: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.10.2. South Korea.: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.5.10.3. South Korea: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.5.10.4. South Korea: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.6. Hearth Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.2. Middle East & Africa: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.6.3. Middle East & Africa: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.6.4. Middle East & Africa: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.6.5. Hearth Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.5.2. Saudi Arabia: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.6.5.3. Saudi Arabia: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.6.5.4. Saudi Arabia: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.6.6. Hearth Market - South Africa
- 9.6.6.1. South Africa: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.6.2. South Africa: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.6.6.3. South Africa: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.6.6.4. South Africa: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.6.7. Hearth Market - Israel
- 9.6.7.1. Israel: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.7.2. Israel: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.6.7.3. Israel: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.6.7.4. Israel: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.6.8. Hearth Market - UAE
- 9.6.8.1. UAE: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.8.2. UAE: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.6.8.3. UAE: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.6.8.4. UAE: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.7. Hearth Market - Latin America
- 9.7.1. Latin America: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.2. Latin America: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.7.3. Latin America: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.7.4. Latin America: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.7.5. Hearth Market - Mexico
- 9.7.5.1. Mexico: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.5.2. Mexico: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.7.5.3. Mexico: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.7.5.4. Mexico: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.7.6. Hearth Market - Brazil
- 9.7.6.1. Brazil: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.6.2. Brazil: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.7.6.3. Brazil: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.7.6.4. Brazil: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
- 9.7.7. Hearth Market - Argentina
- 9.7.7.1. Argentina: Hearth Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.7.2. Argentina: Hearth Market, by Placement, 2018 - 2030 (USD Billion)
- 9.7.7.3. Argentina: Hearth Market, by Fuel Type, 2018 - 2030 (USD Billion)
- 9.7.7.4. Argentina: Hearth Market, by Product Type, 2018 - 2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Bigwoods Hearth Products
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Empire Comfort Systems
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. FPI Fireplace Products
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. HNI Corporation
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. HearthStone Quality
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Home Heating Products
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Hearth Products Controls
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Innovative Hearth Products
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. La Nordica
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. MCZ Group
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Napoleon Fireplaces
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. R.H. Peterson
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Regency Fireplace Products
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Stellar Hearth Products
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. SPARTHERM FEUERUNGSTECHNIK
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development
- 11.16. Travis Industries
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Product Benchmarking
- 11.16.4. Recent Development