Hearth Market by Fuel Type (Gas, Wood, Electricity), Product (Fireplace, Stove, and Insert), Design (Traditional, and Modern), Placement (Indoor, Outdoor, and Portable), Technology, Application, and Geography - Global Forecast to 2022

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Date: 20-Sep-2016
No. of pages: 157
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“Growing demand for aesthetic home décor among the customers is expected to drive the hearth market”

The hearth market size, in terms of value, is expected to reach USD 18.43 billion by 2022, at a CAGR of 2.5% between 2016 and 2022. On the basis of volume, the market is expected to register a shipment of 6,877.38 thousand units by 2022, at a CAGR of 4.1% during the forecast period. The hearth products are efficient space heaters and popular as home decor. There are designer hearths which are in high demand and are available in the market. These products hold a certain appeal to people who still want decorative hearths in their houses, even in the era of central heating systems.

“Hospitality application is likely to grow at the highest rate during the forecast period”

The recreational places such as hotels, restaurants, bars, and cafes install indoor and outdoor hearths to provide customers a good experience, comfort, and artistic appeal. They even install their grilling and barbeque set up in the outdoors to give the customers a better dining experience.  Even hospitals are installing hearth appliances for the comfort of patients.

“Hearth market in Europe to grow at the highest CAGR”

The European region holds growth potential for the market in the near future and is expected to grow at the highest CAGR during the forecast period. The major reason for this is the extreme cold weather which necessitates the adoption of various heating appliances in and around the houses. The home builders and interior designers also use the hearth products due to the aesthetic appeal of the bright flame of fireplaces.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people. The break-up of the profile of primary participants has been given below:


  • By Company Type: Tier 1 – 25 %, Tier 2 – 35%, and Tier 3 – 40%

  • By Designation: C-Level Executives – 35%, Directors – 25%,  and Others– 40%

  • By Region: North America – 43%, Europe – 29%, APAC – 14%, and RoW – 14%


Companies that provide a range of modern fireplaces with customized solutions are expected to emerge as the game changers in this market.

The key players in the hearth market profiled in the report are as follows:


  • HNI Corporation (U.S.)

  • Travis Industries Inc. (U.S.)

  • Innovative Hearth Products LLC (U.S.)

  • FPI Fireplace Products International Ltd. (Canada)

  • Napoleon Products (Canada)

  • Empire Comfort Systems, Inc. (U.S.)

  • Hearth Products Controls Co. (U.S.)

  • Hearthstone Stoves (U.S.)

  • Montigo (Canada)

  • Pacific Energy (Canada)


Report Objective:


  • To define, describe, and forecast the global hearth market on the basis of fuel type, product, design, placement, application, and geography

  • To describe the technology used in the hearth market

  • To forecast the market size with respect to four main geographies—North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)

  • To strategically analyze the micro-markets1 with respect to individual growth trends, future prospects, and contribution to the total market

  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

  • To provide a detailed Porter's analysis and value chain analysis, along with technology and standards for the market

  • To strategically profile the key players and comprehensively analyze their market shares and core competencies 2

  • To analyze the competitive developments such as collaborations, joint ventures, mergers and acquisitions, new product launches and developments, and R&D activities in the hearth market


The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the overall market comprehensively and provides the closest approximations of the global market size and that of the sub segments across the different verticals and regions.

  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions in the hearth market.

Hearth Market by Fuel Type (Gas, Wood, Electricity), Product (Fireplace, Stove, and Insert), Design (Traditional, and Modern), Placement (Indoor, Outdoor, and Portable), Technology, Application, and Geography - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Process Flow of Market Size Estimation
2.5 Research Assumptions
2.5.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Hearth Market
4.2 Hearth Market, By Fuel Type
4.3 Hearth Market in Europe
4.4 North America Held the Largest Share of the Hearth Market in 2015
4.5 Hearth Market, By Placement

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Hearth Market, By Fuel Type
5.2.2 Hearth Market, By Product
5.2.3 Hearth Market, By Design
5.2.4 Hearth Market, By Placement
5.2.5 Hearth Market, By Technology
5.2.6 Hearth Market, By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Necessity of Hearth Products Due to Cold Climate in Certain Regions
5.3.1.2 Growing Interest for Aesthetic and Designer Houses/Restaurants
5.3.1.3 Use of Solar Energy for Hearth Products Would Drive the Market
5.3.2 Restraints
5.3.2.1 Regulations By Environment Protection Agencies
5.3.2.2 Existence of Substitutes for Space Heating
5.3.3 Opportunities
5.3.3.1 Emerging Automation Technologies
5.3.3.2 Hearths With Advanced and Smoke-Free Fuel Type
5.3.4 Challenges
5.3.4.1 Additional Time to Market and Cost Incurred on Technological Advancement
5.3.4.2 Challenges Related to Pricing Strategies Due to Buyer’s Lack of Awareness

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industrial Technologies and Standards
6.3.1 Industrial Technologies
6.3.2 Standards
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of Substitutes
6.4.2 Threat of New Entrants
6.4.3 Bargaining Power of Buyers
6.4.4 Bargaining Power of Suppliers
6.4.5 Intensity of Competitive Rivalry

7 Hearth Market, By Fuel Type
7.1 Introduction
7.2 Gas
7.3 Wood
7.4 Electricity
7.5 Others

8 Hearth Market, By Product
8.1 Introduction
8.2 Fireplaces
8.3 Stoves
8.4 Inserts

9 Hearth Market, By Design
9.1 Introduction
9.2 Traditional Hearths
9.3 Modern Hearths
9.3.1 Sensors
9.3.2 Burners
9.3.3 Remote Control Systems
9.3.4 Valve Kits
9.3.5 Other Components

10 Hearth Market, By Placement
10.1 Introduction
10.2 Indoor Hearths
10.3 Outdoor Hearths
10.4 Portable Hearths

11 Hearth Market, By Technology
11.1 Introduction
11.2 Direct Vent Technology
11.3 Intermittent Pilot Ignition System
11.4 Zone Heating Technology
11.5 Other Technologies

12 Hearth Market, By Application
12.1 Introduction
12.2 Residential
12.3 Commercial
12.4 Hospitality
12.5 Institutions

13 Geographic Analysis
13.1 Introduction
13.2 North America
13.2.1 U.S.
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 U.K.
13.3.2 Germany
13.3.3 Russia
13.3.4 Rest of Europe
13.4 APAC
13.4.1 China
13.4.2 Japan
13.4.3 South Korea
13.4.4 Rest of APAC
13.5 RoW
13.5.1 South America
13.5.2 South Africa

14 Competitive Landscape
14.1 Introduction
14.2 Market Ranking for Hearth Market, 2015
14.3 Competitive Scenario and Trends
14.4 Developments
14.4.1 New Product Launches and Product Upgrade
14.4.2 Projects Undertaken
14.4.3 Acquisitions

15 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
15.1 Introduction
15.2 HNI Corporation (Hearth & Home Technologies LLC)
15.3 Travis Industries Inc.
15.4 Innovative Hearth Products LLC.
15.5 FPI Fireplace Products International Ltd.
15.6 Napoleon Products (Wolf Steel Ltd.)
15.7 Empire Comfort Systems, Inc.
15.8 Hearth Products Controls Co.
15.9 Hearthstone Stoves
15.10 Montigo
15.11 Pacific Energy

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Insights of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.4 Introducing RT: Real-Time Market Intelligence
16.5 Available Customizations
16.6 Related Reports

List of Tables

Table 1 Continental Temperature Anomalies, January–June 2016
Table 2 Porter’s Five Forces Analysis: Overall Impact on the Market Was Medium in 2015
Table 3 Hearth Market, By Fuel Type, 2013–2022 (USD Billion)
Table 4 Hearth Market, By Fuel Type, 2013–2022 (Thousand Units)
Table 5 Market for Gas-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 6 Market for Gas-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 7 Market for Gas-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 8 Market for Wood-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 9 Market for Wood-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 10 Market for Wood-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 11 Market for Electric-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 12 Market for Electric-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 13 Market for Electric-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 14 Market for Other Fuels-Based Hearths, By Product, 2013–2022 (USD Billion)
Table 15 Market for Other Fuels-Based Hearths, By Region, 2013–2022 (USD Billion)
Table 16 Market for Other Fuels-Based Hearths, By Design, 2013–2022 (USD Billion)
Table 17 Hearth Market, By Product, 2013–2022 (USD Billion)
Table 18 Hearth Market for Fireplaces , By Design, 2013–2022 (USD Billion)
Table 19 Hearth Market for Fireplaces, By Fuel Type, 2013–2022 (USD Billion)
Table 20 Hearth Market for Fireplaces, By Region, 2013–2022 (USD Billion)
Table 21 Hearth Market for Stoves, By Design, 2013–2022 (USD Billion)
Table 22 Hearth Market for Stoves, By Fuel Type, 2013–2022 (USD Billion)
Table 23 Hearth Market for Stoves, By Region, 2013–2022 (USD Billion)
Table 24 Hearth Market for Inserts, By Design, 2013–2022 (USD Billion)
Table 25 Hearth Market for Inserts, By Fuel Type, 2013–2022 (USD Billion)
Table 26 Hearth Market for Inserts, By Region, 2013–2022 (USD Billion)
Table 27 Hearth Market, By Design, 2013–2022 (USD Billion)
Table 28 Market for Traditional Hearths, By Region, 2013–2022 (USD Billion)
Table 29 Market for Traditional Hearths, By Product, 2013–2022 (USD Billion)
Table 30 Market for Modern Hearths, By Region, 2013–2022 (USD Billion)
Table 31 Market for Modern Hearths, By Product, 2013–2022 (USD Billion)
Table 32 Hearth Market, By Placement, 2013–2022 (USD Billion)
Table 33 Market for Indoor Hearths, By Application, 2013–2022 (USD Billion)
Table 34 Market for Outdoor Hearths, By Application, 2013–2022 (USD Billion)
Table 35 Market for Portable Hearths, By Application, 2013–2022 (USD Billion)
Table 36 Hearth Market, By Application, 2013–2022 (USD Billion)
Table 37 Hearth Market for Residential, By Region, 2013–2022 (USD Billion)
Table 38 Hearth Market for Residential, By Placement, 2013–2022 (USD Billion)
Table 39 Hearth Market for Commercial, By Region, 2013–2022 (USD Billion)
Table 40 Hearth Market for Commercial, By Placement, 2013–2022 (USD Billion)
Table 41 Hearth Market for Hospitality, By Region, 2013–2022 (USD Billion)
Table 42 Hearth Market for Hospitality, By Placement, 2013–2022 (USD Billion)
Table 43 Hearth Market for Institutions, By Region, 2013–2022 (USD Billion)
Table 44 Hearth Market for Institutions, By Placement, 2013–2022 (USD Billion)
Table 45 Hearth Market, By Region, 2013–2022 (USD Billion)
Table 46 Hearth Market in North America, By Country, 2013–2022 (USD Billion)
Table 47 Hearth Market in North America, By Application, 2013–2022 (USD Billion)
Table 48 Hearth Market in North America, By Design, 2013–2022 (USD Billion)
Table 49 Hearth Market in North America, By Fuel Type, 2013–2022 (USD Billion)
Table 50 Hearth Market in North America, By Product, 2013–2022 (USD Billion)
Table 51 Hearth Market in Europe, By Country, 2013–2022 (USD Billion)
Table 52 Hearth Market in Europe, By Application, 2013–2022 (USD Billion)
Table 53 Hearth Market in Europe, By Design, 2013–2022 (USD Billion)
Table 54 Hearth Market in Europe, By Fuel Type, 2013–2022 (USD Billion)
Table 55 Hearth Market in Europe, By Product, 2013–2022 (USD Billion)
Table 56 Hearth Market in APAC, By Country, 2013–2022 (USD Billion)
Table 57 Hearth Market in APAC, By Application, 2013–2022 (USD Billion)
Table 58 Hearth Market in APAC, By Design, 2013–2022 (USD Billion)
Table 59 Hearth Market in APAC, By Fuel Type, 2013–2022 (USD Billion)
Table 60 Hearth Market in APAC, By Product, 2013–2022 (USD Billion)
Table 61 Hearth Market in RoW, By Country, 2013–2022 (USD Billion)
Table 62 Hearth Market in RoW, By Application, 2013–2022 (USD Billion)
Table 63 Hearth Market in RoW, By Design, 2013–2022 (USD Billion)
Table 64 Hearth Market in RoW, By Fuel Type, 2013–2022 (USD Billion)
Table 65 Hearth Market in RoW, By Product, 2013–2022 (USD Billion)
Table 66 Market Rank Analysis of the Top Players in the Hearth Market
Table 67 New Product Launches, 2014–2016
Table 68 Projects Undertaken, 2015–2016
Table 69 Acquisitions, 2014

List of Figures

Figure 1 Segmentation: Hearth Market
Figure 2 Hearth Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Growth of Hearth Market Till 2022
Figure 7 Electric-Based Hearths Expected to Hold the Largest Share of the Hearth Market During the Forecast Period
Figure 8 Inserts Expected to Register the Highest Growth Rate in the Hearth Market During the Forecast Period
Figure 9 Modern Hearth Market is Expected to Dominate the Traditional Hearth Market During the Forecast Period
Figure 10 Hospitality Application Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 11 North America Held the Largest Share of the Hearth Market in 2015
Figure 12 Significant Rate of Adoption of Hearth Products Expected in Europe Between 2016 and 2022
Figure 13 Market for Electric Hearths Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Residential Application Held the Largest Share of the Hearth Market in Europe in 2015
Figure 15 U.S. Dominated the Hearth Market in 2015
Figure 16 Indoor Hearths Expected to Hold the Largest Share of the Hearth Market During the Forecast Period
Figure 17 Hearth Market, By Geography
Figure 18 Demand in the Cold Countries and Growing Interest for Home Decor Products are Driving the Hearth Market
Figure 19 Value Chain Analysis: Major Value Added During the Component Manufacturing and Hearth Manufacturing & System Integration Phases
Figure 20 Porter’s Five Forces Analysis, 2015
Figure 21 Hearth Market: Porter’s Five Forces Analysis
Figure 22 Impact of Threat of Substitutes on the Hearth Market Was Medium in 2015
Figure 23 Impact of Threat of New Entrants on the Hearth Market Was Low in 2015
Figure 24 Impact of Bargaining Power of Buyers on the Hearth Market Was High in 2015
Figure 25 Impact of Bargaining Power of Suppliers on the Hearth Market Was Low in 2015
Figure 26 Impact of Intensity of Competitive Rivalry on the Hearth Market Was Medium in 2015
Figure 27 Hearth Market: By Fuel Type
Figure 28 Electric-Based Hearths Held the Largest Market Share in 2015
Figure 29 Europe Expected to Register the Highest Growth Rate in the Gas-Based Hearth Market During the Forecast Period
Figure 30 Electric-Based Inserts Expected to Grow at the Highest Rate During the Forecast Period
Figure 31 Hearth Market: By Product
Figure 32 Inserts Likely to Grow at the Highest Rate During the Forecast Period
Figure 33 North America Held the Largest Share of the Market for Fireplace in 2015
Figure 34 Electric-Based Inserts Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 35 Hearth Market: By Design
Figure 36 Modern Hearth Market to Grow at the Highest Rate During the Forecast Period
Figure 37 Europe to Grow at the Highest Rate in the Modern Hearth Market During the Forecast Period
Figure 38 Hearth Market, By Placement
Figure 39 Indoor Hearths are Expected to Dominate the Overall Market During the Forecast Period
Figure 40 Hospitality Application Expected to Grow at the Highest Rate in the Market for Indoor Hearths During the Forecast Period
Figure 41 Hearth Market, By Technology
Figure 42 Hearth Market, By Application
Figure 43 Hospitality Application Expected to Grow at the Highest Rate in the Hearth Market During the Forecast Period
Figure 44 Portable Hearth Expected to Grow at the Highest Rate in the Hearth Market for Residential Application During the Forecast Period
Figure 45 Europe Expected to Grow at the Highest Rate in the Hearth Market for Hospitality Application During the Forecast Period
Figure 46 Hearth Market: By Region
Figure 47 U.K. and Russia Likely to Register High Growth Rate During the Forecast Period
Figure 48 Hearth Market Segmentation: North America
Figure 49 North America Market Snapshot, 2016
Figure 50 Hearth Market Segmentation: Europe
Figure 51 Europe Market Snapshot, 2016
Figure 52 Hearth Market Segmentation: APAC
Figure 53 APAC Market Snapshot, 2016
Figure 54 Hearth Market Segmentation: RoW
Figure 55 RoW Market Snapshot, 2016
Figure 56 Key Growth Strategies Adopted By the Leading Players During 2014-2016
Figure 57 Market Evaluation Framework
Figure 58 New Product Launches: the Key Strategy in the Battle of the Market Share During 2014 and 2016
Figure 59 HNI Corporation: Company Snapshot
Figure 60 HNI Corporation: SWOT Analysis
Figure 61 Travis Industries Inc.: SWOT Analysis
Figure 62 Innovative Hearth Products LLC.: SWOT Analysis
Figure 63 FPI Fireplace Products International Ltd.: SWOT Analysis
Figure 64 Napoleon Products: SWOT Analysis

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