Global Hearth Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ % 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.
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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
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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
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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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Here is an overview of the different factual statements covered by the study:
- The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
- The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
- The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
- The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.
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