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Hearth Global Market Report 2021: COVID-19 Growth and Change

  • ID: 5360332
  • Report
  • July 2021
  • Region: Global
  • 175 pages
  • The Business Research Company

FEATURED COMPANIES

  • Barbas Bellfires
  • Boley
  • European Home
  • Glen Dimplex
  • Montigo
  • Pacific Energy
Hearth Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global hearth market.

This report focuses on hearth market which is experiencing strong growth. The report gives a guide to the hearth market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the hearth? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hearth market global report from the publisher answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hearth market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The hearth market section of the report gives context. It compares the hearth market with other segments of the hearth market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hearth indicators comparison.
Scope

Markets Covered:

1) By Product: Fireplace; Stove; Insert
2) By Fuel Type: Gas; Electricity; Wood; Pellet
3) By Design: Tradtional; Modern
4) By Placement: Indoor; Outdoor; Portable
5) By Application: Commercial; Residential; Others

Companies Mentioned: HNI Corporation; Pacific Energy; Empire Comfort Systems Inc.; Napoleon Products; FPI Fireplace Products International Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barbas Bellfires
  • Boley
  • European Home
  • Glen Dimplex
  • Montigo
  • Pacific Energy
1. Executive Summary

2. Hearth Market Characteristics

3. Hearth Market Trends and Strategies

4. Impact Of COVID-19 On Hearth

5. Hearth Market Size and Growth
5.1. Global Hearth Historic Market, 2015-2020, Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Hearth Forecast Market, 2020-2025F, 2030F, Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Hearth Market Segmentation
6.1. Global Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
  • Fireplace
  • Stove
  • Insert
6.2. Global Hearth Market, Segmentation By Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
  • Gas
  • Electricity
  • Wood
  • Pellet
6.3. Global Hearth Market, Segmentation By Design, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
  • Tradtional
  • Modern
6.4. Global Hearth Market, Segmentation By Placement, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
  • Indoor
  • Outdoor
  • Portable
6.5. Global Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
  • Commercial
  • Residential
  • Others
7. Hearth Market Regional and Country Analysis
7.1. Global Hearth Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
7.2. Global Hearth Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

8. Asia-Pacific Hearth Market
8.1. Asia-Pacific Hearth Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
8.3. Asia-Pacific Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

9. China Hearth Market
9.1. China Hearth Market Overview
9.2. China Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Hearth Market
10.1. India Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
10.2. India Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

11. Japan Hearth Market
11.1. Japan Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
11.2. Japan Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

12. Australia Hearth Market
12.1. Australia Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
12.2. Australia Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

13. Indonesia Hearth Market
13.1. Indonesia Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
13.2. Indonesia Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

14. South Korea Hearth Market
14.1. South Korea Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
14.2. South Korea Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

15. Western Europe Hearth Market
15.1. Western Europe Hearth Market Overview
15.2. Western Europe Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
15.3. Western Europe Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

16. UK Hearth Market
16.1. UK Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
16.2. UK Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

17. Germany Hearth Market
17.1. Germany Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
17.2. Germany Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

18. France Hearth Market
18.4. France Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
18.5. France Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

19. Eastern Europe Hearth Market
19.1. Eastern Europe Hearth Market Overview
19.2. Eastern Europe Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
19.3. Eastern Europe Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

20. Russia Hearth Market
20.1. Russia Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
20.2. Russia Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

21. North America Hearth Market
21.1. North America Hearth Market Overview
21.2. North America Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
21.3. North America Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

22. USA Hearth Market
22.1. USA Hearth Market Overview
22.2. USA Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
22.3. USA Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

23. South America Hearth Market
23.1. South America Hearth Market Overview
23.2. South America Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
23.3. South America Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

24. Brazil Hearth Market
24.1. Brazil Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
24.2. Brazil Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

25. Middle East Hearth Market
25.1. Middle East Hearth Market Overview
25.2. Middle East Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
25.3. Middle East Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

26. Africa Hearth Market
26.1. Africa Hearth Market Overview
26.2. Africa Hearth Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
26.3. Africa Hearth Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion

27. Hearth Market Competitive Landscape and Company Profiles
27.1. Hearth Market Competitive Landscape
27.2. Hearth Market Company Profiles
27.2.1. HNI Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Pacific Energy
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Empire Comfort Systems Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Napoleon Products
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. FPI Fireplace Products International Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions In The Hearth Market

29. Hearth Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barbas Bellfires
  • Boley
  • European Home
  • Glen Dimplex
  • Montigo
  • Pacific Energy
Major players in the hearth market are HNI Corporation, Pacific Energy, Empire Comfort Systems Inc., Napoleon Products, FPI Fireplace Products International Ltd., Innovative Hearth Products LLC, Travis Industries Inc., Montigo, GHP Group Inc., Glen Dimplex, Stove Builder International (SBI), Hearthstone Quality Home Heating Products Inc., RH Peterson Co., Barbas Bellfires, BFM Europe Ltd., Boley, Stellar Hearth Products Inc, Element4, Hearth Products Controls Co., European Home, and Wilkening Fireplace.

The global hearth market is expected to grow from $11.68 billion in 2020 to $12.10 billion in 2021 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to growing demand for hearth as they are considered a convenient and energy-efficient option for room heating. The market is expected to reach $14.91 billion in 2025 at a CAGR of 5.4%.

The hearth market consists of sales of hearth by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing hearth and related products. A hearth is defined as the floor of a fireplace. A hearth is a brick or stone-lined fireplace that might have an oven occasionally and is used for heating the room and for cooking or heating water. It is made from a non-combustible material and is used for protecting the floor from sparks, burning logs, radiant heat, and flying embers that may roll out of the fireplace.

The main type of hearths are fireplace, stove, and insert. A fireplace is a framed opening made in a chimney to hold an open fire. The heat sources for hearth and fireplaces are gas, electricity, wood, and pellet. A stove is a free-standing structure producing heat by burning renewable cord wood or fuel pellets made of condensed biomass materials like wood chips and sawdust. Inserts are usually a stove, wood or gas that is designed to be inserted into an existing fireplace. The hearths can be indoor, outdoor and portable, and is used for commercial, residential, and other applications.

North America was the largest region in the hearth market in 2020. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The stringent regulations and the government focus to reduce pollution could restrain the hearth market in the forecast period. There are a number of Environmental Protection Agency (EPA) standards like the New Source Performance Standards (NSPS) for residential wood heaters that hearth manufacturers have to comply with in order to reduce pollution and make environmentally responsible products. The stringent performance standards would require higher engineering budgets and more additional costs which could act as a restraint for the hearth market in the future.

In February 2019, Beckner Clevy Partners and Harbert Management Corporation acquired International Hearth Holdings (IHH) and its business - Innovative Hearth Products (IHP) for an undisclosed amount. The acquisition aimed at the continuous growth of IHP and its business within the remodeling and residential building markets, including hearths. Both the companies plan to focus on improving the manufacturing process, superior customer service, and new product development through increased efficiencies. IHP is a USA-based manufacturer of outdoor and indoor fireplaces, venting products, gas log sets, inserts, stoves, and accessories for residential use, specialty retail, and industrial markets.

Increasing adoption of hearths, particularly in countries with extremely cold weather conditions is expected to drive growth for the hearth market. A hearth is a convenient option for heating in rooms and it also helps in lowering electricity bills as compared to other space heating systems in countries with extreme cold temperatures. According to the Tyndall Centre of Climate Change Research, the top countries where the mean temperature is less than 10 degrees Celsius are the UK, China, Russia, Germany, Ukraine, and Poland. Hearths are widely used in these countries in residential spaces, cafes, restaurants, and other indoor places for heating rooms and cooking. Therefore, cold weather conditions across various geographies and high adoption of a hearth in these areas would boost the market growth in the forecast period.

The launch of advanced eco-friendly hearth and related products is gaining significant popularity in the hearth market. Key companies operating in the market are continuously involved in developing new eco-friendly products with advanced features such as low emissions and reduced fuel consumption to meet the requirements of end-users and expand the product portfolio of the company. For instance, In April 2020, Stove Builder International Inc., a Canada-based family-owned business engaged in designing, building, and marketing residential heating products launched the Everest II wood-burning fireplace under its Osburn brand. The new fireplace offers advantages such as reduced fuel consumption and low emission. In another instance, in May 2020, Hearthstone Stoves introduced TruHybrid stoves, their first eco-friendly fireplace product which features ultra-clean combustion that surpasses 2020 EPA clean air standards and offers high efficiency of up to 30 working hours.

The countries covered in the Hearth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Note: Product cover images may vary from those shown
  • HNI Corporation
  • Pacific Energy
  • Empire Comfort Systems Inc.
  • Napoleon Products
  • FPI Fireplace Products International Ltd.
  • Innovative Hearth Products LLC
  • Travis Industries Inc.
  • Montigo
  • GHP Group Inc.
  • Glen Dimplex
  • Stove Builder International (Sbi)
  • Hearthstone Quality Home Heating Products Inc.
  • RH Peterson Co.
  • Barbas Bellfires
  • BFM Europe Ltd.
  • Boley
  • Stellar Hearth Products Inc
  • Element4
  • Hearth Products Controls Co.
  • European Home
  • Wilkening Fireplace
Note: Product cover images may vary from those shown

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