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The Hearth Market size was valued at USD 20.20 billion in 2023 and is expected to grow to USD 29.25 billion by 2032 and grow at a CAGR of 4.2% over the forecast period of 2024-2032.
The hearth is a brick-lined fireplace mostly used for heating. It is used to control the temperature of the room during the winter as well as for cooking. The hearth is composed of various materials such as brick and stones. It is used to enhance the appearance of the interiors of the home. It is also used to keep flying embers, radiant heat, sparks, and burning logs out of the house. In modern or ancient usage, a hearth is a stone or brick lined fireplace, without or with a mantel, that is primarily used for heating and cooking meals.
A fireplace has long been an integral aspect of a household, serving as the most vital and central feature of the home. Previously, a fireplace was typically situated in the centre of the hall, with smoke rising to a smoke hole through the room. Later, similar hearths were moved to the side of a room and equipped with a chimney. A hearth is an important component of fireplace architecture, typically consisting of brickwork at the floor level or above and a firebox.
Increasing home automation
Growing demand for sockless hearth
Increased home automation, combined with rising demand for smoke-free hearths, is expected to provide huge growth prospects for the hearth market. Furthermore, the growing demand for portable hearths, as well as manufacturers' increased focus on reaching untapped markets across developing areas by promoting their brand, are projected to drive hearth market expansion over the forecast timeframe.
RESTRAIN:
High Installation Cost
High maintenance cost
OPPORTUNITY:
Growing need for hearth items
Increasing Population
The growing use of fireplaces in the hospitality, commercial, institutional, and residential sectors is expected to present considerable growth opportunities. An increasing number of recreational establishments, such as bars, restaurants, cafés, and hotels, are widely installing outdoor and indoor hearths to enhance consumer experience and make the location artistically appealing, which is likely to boost hearth market growth.
CHALLENGES:
Lack of manufacturer advertising initiatives to promote product portfolio
Environmental rules are strictly enforced by the government.
Wars cause significant economic damage in the long run. While it is too soon to determine the long-term consequences of Russia's invasion of Ukraine beginning in early 2022, it is apparent that both Ukraine and the majority of other European countries have already been severely impacted. Firms in the sample nations of the CEP study have an average dependence on Russia of 0.25%. This indicates that, on average, a company with a $1 billion output exports and buys $2.5 million from Russia. While half of the companies in the sample have a dependent on Russia of less than 0.06%, the enterprises with the highest dependence on Russia have a dependence of 0.54%. In proportion, the most reliant firms trade with Russia.
The most dependent enterprises deal with Russia about ten times as much as the bottom half in terms of output. There is also significant geographic diversity. Europe has the largest dependence on Russia, with an average dependence of 0.80%. Firms manufacturing refined petroleum products such as gasoline are the most reliant in Europe, with an average dependence of 14.04%. So, for every $100 of output produced, they trade $14.04 with Russia.Top of Form
By Fuel Type
Wood
Gas
Electric
By Style
Traditional
Contemporary
By Fireplace Type
Single-sided
Multisided
By Vent
Direct Vent
B Vent
Vent-Free
Europe has the most potential in the hearth industry and is projected to play a significant role in the global hearth market in the future. The fundamental cause of the exponential expansion of due to the very cold weather, many people in the region utilize various types of heating appliances in their homes.
The rise of the hearth market is expected to be boosted by an increase in the number of independent houses in North America and Europe. The primary cause for the increase is the strong demand for things with economical operations and environmentally friendly fuel modes. The application of regulatory requirements and the region's restriction on conventional hearth products is one of the primary factors of increased demand for electric-powered hearth goods. The federal government's efforts to increase customer awareness Strict regulatory criteria, as well as manufacturers' growth of their product ranges, are three important factors driving the market's expansion.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Hearth companies such as HNI Corporation (US); Glen Dimplex (Ireland); Napoleon (Canada); Travis Industries (AXIS Industrial Holdings, Inc.) (US); HPC Fire Inspired (US); Montigo (Canada); Stove Builder International (SBI) (Canada); Innovative Hearth Products (US); Empire Comfort Systems (US); GHP Group Inc (US) and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 20.20 Bn |
| Market Size by 2032 | US$ 29.25 Bn |
| CAGR | CAGR of 7.8 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | By Fuel Type (Wood, Gas, Electric), By Style (Traditional, Contemporary), By Fireplace Type (Single-sided, Multisided), By Vent (Direct Vent, B Vent, Vent-Free) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | HNI Corporation (US); Glen Dimplex (Ireland); Napoleon (Canada); Travis Industries (AXIS Industrial Holdings, Inc.) (US); HPC Fire Inspired (US); Montigo (Canada); Stove Builder International (SBI) (Canada); Innovative Hearth Products (US); Empire Comfort Systems (US); GHP Group Inc (US) |
| Key Drivers | • Increasing home automation • Growing demand for sockless hearth |
| Market Restraints | • High Installation Cost • High maintenance cost |
Hearth Market is anticipated to expand by 7.8 % from 2023 to 2030.
USD 17.14 billion is expected to grow by 2030.
Hearth Market size was valued at USD 9.4 billion in 2022
Europe is dominating the market
Lack of manufacturer advertising initiatives to promote product portfolio and Environmental rules are strictly enforced by the government.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hearth Market Segmentation, By Fuel Type
8.1 Wood
8.2 Gas
8.3 Electric
9. Hearth Market Segmentation, By Style
9.1 Traditional
9.2 Contemporary
10. Hearth Market Segmentation, By Fireplace Type
10.1 Single-sided
10.2 Multisided
11. Hearth Market Segmentation, By Vent
11.1 Direct Vent
11.2 B Vent
11.3 Vent-Free
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Hearth Market by Country
12.2.2North America Hearth Market by Fuel Type
12.2.3 North America Hearth Market by Style
12.2.4 North America Hearth Market by Fireplace Type
12.2.5 North America Hearth Market by Vent
12.2.6 USA
12.2.6.1 USA Hearth Market by Fuel Type
12.2.6.2 USA Hearth Market by Style
12.2.6.3 USA Hearth Market by Fireplace Type
12.2.6.4 USA Hearth Market by Vent
12.2.7 Canada
12.2.7.1 Canada Hearth Market by Fuel Type
12.2.7.2 Canada Hearth Market by Style
12.2.7.3 Canada Hearth Market by Fireplace Type
12.2.7.4 Canada Hearth Market by Vent
12.2.8 Mexico
12.2.8.1 Mexico Hearth Market by Fuel Type
12.2.8.2 Mexico Hearth Market by Style
12.2.8.3 Mexico Hearth Market by Fireplace Type
12.2.8.4 Mexico Hearth Market by Vent
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Hearth Market by Country
12.3.1.2 Eastern Europe Hearth Market by Fuel Type
12.3.1.3 Eastern Europe Hearth Market by Style
12.3.1.4 Eastern Europe Hearth Market by Fireplace Type
12.3.1.5 Eastern Europe Hearth Market by Vent
12.3.1.6 Poland
12.3.1.6.1 Poland Hearth Market by Fuel Type
12.3.1.6.2 Poland Hearth Market by Style
12.3.1.6.3 Poland Hearth Market by Fireplace Type
12.3.1.6.4 Poland Hearth Market by Vent
12.3.1.7 Romania
12.3.1.7.1 Romania Hearth Market by Fuel Type
12.3.1.7.2 Romania Hearth Market by Style
12.3.1.7.3 Romania Hearth Market by Fireplace Type
12.3.1.7.4 Romania Hearth Market by Vent
12.3.1.8 Hungary
12.3.1.8.1 Hungary Hearth Market by Fuel Type
12.3.1.8.2 Hungary Hearth Market by Style
12.3.1.8.3 Hungary Hearth Market by Fireplace Type
12.3.1.8.4 Hungary Hearth Market by Vent
12.3.1.9 Turkey
12.3.1.9.1 Turkey Hearth Market by Fuel Type
12.3.1.9.2 Turkey Hearth Market by Style
12.3.1.9.3 Turkey Hearth Market by Fireplace Type
12.3.1.9.4 Turkey Hearth Market by Vent
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Hearth Market by Fuel Type
12.3.1.10.2 Rest of Eastern Europe Hearth Market by Style
12.3.1.10.3 Rest of Eastern Europe Hearth Market by Fireplace Type
12.3.1.10.4 Rest of Eastern Europe Hearth Market by Vent
12.3.2 Western Europe
12.3.2.1 Western Europe Hearth Market by Country
12.3.2.2 Western Europe Hearth Market by Fuel Type
12.3.2.3 Western Europe Hearth Market by Style
12.3.2.4 Western Europe Hearth Market by Fireplace Type
12.3.2.5 Western Europe Hearth Market by Vent
12.3.2.6 Germany
12.3.2.6.1 Germany Hearth Market by Fuel Type
12.3.2.6.2 Germany Hearth Market by Style
12.3.2.6.3 Germany Hearth Market by Fireplace Type
12.3.2.6.4 Germany Hearth Market by Vent
12.3.2.7 France
12.3.2.7.1 France Hearth Market by Fuel Type
12.3.2.7.2 France Hearth Market by Style
12.3.2.7.3 France Hearth Market by Fireplace Type
12.3.2.7.4 France Hearth Market by Vent
12.3.2.8 UK
12.3.2.8.1 UK Hearth Market by Fuel Type
12.3.2.8.2 UK Hearth Market by Style
12.3.2.8.3 UK Hearth Market by Fireplace Type
12.3.2.8.4 UK Hearth Market by Vent
12.3.2.9 Italy
12.3.2.9.1 Italy Hearth Market by Fuel Type
12.3.2.9.2 Italy Hearth Market by Style
12.3.2.9.3 Italy Hearth Market by Fireplace Type
12.3.2.9.4 Italy Hearth Market by Vent
12.3.2.10 Spain
12.3.2.10.1 Spain Hearth Market by Fuel Type
12.3.2.10.2 Spain Hearth Market by Style
12.3.2.10.3 Spain Hearth Market by Fireplace Type
12.3.2.10.4 Spain Hearth Market by Vent
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Hearth Market by Fuel Type
12.3.2.11.2 Netherlands Hearth Market by Style
12.3.2.11.3 Netherlands Hearth Market by Fireplace Type
12.3.2.11.4 Netherlands Hearth Market by Vent
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Hearth Market by Fuel Type
12.3.2.12.2 Switzerland Hearth Market by Style
12.3.2.12.3 Switzerland Hearth Market by Fireplace Type
12.3.2.12.4 Switzerland Hearth Market by Vent
12.3.2.13 Austria
12.3.2.13.1 Austria Hearth Market by Fuel Type
12.3.2.13.2 Austria Hearth Market by Style
12.3.2.13.3 Austria Hearth Market by Fireplace Type
12.3.2.13.4 Austria Hearth Market by Vent
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Hearth Market by Fuel Type
12.3.2.14.2 Rest of Western Europe Hearth Market by Style
12.3.2.14.3 Rest of Western Europe Hearth Market by Fireplace Type
12.3.2.14.4 Rest of Western Europe Hearth Market by Vent
12.4 Asia-Pacific
12.4.1 Asia Pacific Hearth Market by Country
12.4.2 Asia Pacific Hearth Market by Fuel Type
12.4.3 Asia Pacific Hearth Market by Style
12.4.4 Asia Pacific Hearth Market by Fireplace Type
12.4.5 Asia Pacific Hearth Market by Vent
12.4.6 China
12.4.6.1 China Hearth Market by Fuel Type
12.4.6.2 China Hearth Market by Style
12.4.6.3 China Hearth Market by Fireplace Type
12.4.6.4 China Hearth Market by Vent
12.4.7 India
12.4.7.1 India Hearth Market by Fuel Type
12.4.7.2 India Hearth Market by Style
12.4.7.3 India Hearth Market by Fireplace Type
12.4.7.4 India Hearth Market by Vent
12.4.8 Japan
12.4.8.1 Japan Hearth Market by Fuel Type
12.4.8.2 Japan Hearth Market by Style
12.4.8.3 Japan Hearth Market by Fireplace Type
12.4.8.4 Japan Hearth Market by Vent
12.4.9 South Korea
12.4.9.1 South Korea Hearth Market by Fuel Type
12.4.9.2 South Korea Hearth Market by Style
12.4.9.3 South Korea Hearth Market by Fireplace Type
12.4.9.4 South Korea Hearth Market by Vent
12.4.10 Vietnam
12.4.10.1 Vietnam Hearth Market by Fuel Type
12.4.10.2 Vietnam Hearth Market by Style
12.4.10.3 Vietnam Hearth Market by Fireplace Type
12.4.10.4 Vietnam Hearth Market by Vent
12.4.11 Singapore
12.4.11.1 Singapore Hearth Market by Fuel Type
12.4.11.2 Singapore Hearth Market by Style
12.4.11.3 Singapore Hearth Market by Fireplace Type
12.4.11.4 Singapore Hearth Market by Vent
12.4.12 Australia
12.4.12.1 Australia Hearth Market by Fuel Type
12.4.12.2 Australia Hearth Market by Style
12.4.12.3 Australia Hearth Market by Fireplace Type
12.4.12.4 Australia Hearth Market by Vent
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Hearth Market by Fuel Type
12.4.13.2 Rest of Asia-Pacific Hearth Market by Style
12.4.13.3 Rest of Asia-Pacific Hearth Market by Fireplace Type
12.4.13.4 Rest of Asia-Pacific Hearth Market by Vent
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Hearth Market by country
12.5.1.2 Middle East Hearth Market by Fuel Type
12.5.1.3 Middle East Hearth Market by Style
12.5.1.4 Middle East Hearth Market by Fireplace Type
12.5.1.5 Middle East Hearth Market by Vent
12.5.1.6 UAE
12.5.1.6.1 UAE Hearth Market by Fuel Type
12.5.1.6.2 UAE Hearth Market by Style
12.5.1.6.3 UAE Hearth Market by Fireplace Type
12.5.1.6.4 UAE Hearth Market by Vent
12.5.1.7 Egypt
12.5.1.7.1 Egypt Hearth Market by Fuel Type
12.5.1.7.2 Egypt Hearth Market by Style
12.5.1.7.3 Egypt Hearth Market by Fireplace Type
12.5.1.7.4 Egypt Hearth Market by Vent
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Hearth Market by Fuel Type
12.5.1.8.2 Saudi Arabia Hearth Market by Style
12.5.1.8.3 Saudi Arabia Hearth Market by Fireplace Type
12.5.1.8.4 Saudi Arabia Hearth Market by Vent
12.5.1.9 Qatar
12.5.1.9.1 Qatar Hearth Market by Fuel Type
12.5.1.9.2 Qatar Hearth Market by Style
12.5.1.9.3 Qatar Hearth Market by Fireplace Type
12.5.1.9.4 Qatar Hearth Market by Vent
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Hearth Market by Fuel Type
12.5.1.10.2 Rest of Middle East Hearth Market by Style
12.5.1.10.3 Rest of Middle East Hearth Market by Fireplace Type
12.5.1.10.4 Rest of Middle East Hearth Market by Vent
12.5.2. Africa
12.5.2.1 Africa Hearth Market by country
12.5.2.2 Africa Hearth Market by Fuel Type
12.5.2.3 Africa Hearth Market by Style
12.5.2.4 Africa Hearth Market by Fireplace Type
12.5.2.5 Africa Hearth Market by Vent
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Hearth Market by Fuel Type
12.5.2.6.2 Nigeria Hearth Market by Style
12.5.2.6.3 Nigeria Hearth Market by Fireplace Type
12.5.2.6.4 Nigeria Hearth Market by Vent
12.5.2.7 South Africa
12.5.2.7.1 South Africa Hearth Market by Fuel Type
12.5.2.7.2 South Africa Hearth Market by Style
12.5.2.7.3 South Africa Hearth Market by Fireplace Type
12.5.2.7.4 South Africa Hearth Market by Vent
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Hearth Market by Fuel Type
12.5.2.8.2 Rest of Africa Hearth Market by Style
12.5.2.8.3 Rest of Africa Hearth Market by Fireplace Type
12.5.2.8.4 Rest of Africa Hearth Market by Vent
12.6. Latin America
12.6.1 Latin America Hearth Market by country
12.6.2 Latin America Hearth Market by Fuel Type
12.6.3 Latin America Hearth Market by Style
12.6.4 Latin America Hearth Market by Fireplace Type
12.6.5 Latin America Hearth Market by Vent
12.6.6 Brazil
12.6.6.1 Brazil Hearth Market by Fuel Type
12.6.6.2 Brazil Hearth Market by Style
12.6.6.3 Brazil Hearth Market by Fireplace Type
12.6.6.4 Brazil Hearth Market by Vent
12.6.7 Argentina
12.6.7.1 Argentina Hearth Market by Fuel Type
12.6.7.2 Argentina Hearth Market by Style
12.6.7.3 Argentina Hearth Market by Fireplace Type
12.6.7.4 Argentina Hearth Market by Vent
12.6.8 Colombia
12.6.8.1 Colombia Hearth Market by Fuel Type
12.6.8.2 Colombia Hearth Market by Style
12.6.8.3 Colombia Hearth Market by Fireplace Type
12.6.8.4 Colombia Hearth Market by Vent
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Hearth Market by Fuel Type
12.6.9.2 Rest of Latin America Hearth Market by Style
12.6.9.3 Rest of Latin America Hearth Market by Fireplace Type
12.6.9.4 Rest of Latin America Hearth Market by Vent
13 Company Profile
13.1 HNI Corporation (US)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Glen Dimplex (Ireland)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Napoleon (Canada)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Travis Industries (AXIS Industrial Holdings, Inc.) (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 HPC Fire Inspired (US)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Montigo (Canada)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Stove Builder International (SBI) (Canada)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Innovative Hearth Products (US)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Empire Comfort Systems (US)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 GHP Group Inc (US)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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