Press release
Hearth Market Expected to Hit USD 14.14 Billion by 2032, Growing at 4.3% CAGR
In 2023, it was estimated that the hearth market was worth USD 9.70 billion. A CAGR of 4.3% is anticipated for the market, which is expected to reach USD 14.14 billion by 2032 from USD 10.11 billion in 2024.
Report Scope
To present a thorough summary of the hearth market, the report emphasizes the latest developments, market distribution, revenue produced, leading companies in the sector, and regional analysis.
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What is a ?
A hearth is the floor-level, non-combustible area in front of and beneath a fireplace, designed to protect the flooring from heat and embers. Historically, the hearth was the central focal point of a home, serving as the primary source of heat and cooking. The primary function of a hearth is to protect the flooring and surrounding area from the heat and potential sparks and embers of a fire. In most regions, a hearth is a required safety feature for solid fuel-burning fireplaces, and it's important to meet local building codes and regulations regarding hearth size and materials. Hearths can be made from various materials like stone, tile, or brick, offering a range of aesthetic options and contributing to the overall design of a room.
Market Dynamics
• Hearths are widely used in residences situated in cold climate regions to maintain heat, resulting in heightened market demand.
• The integration of advanced technologies that drives automation and intelligent functions is further enhancing market expansion.
• A lot of people are seeking vintage and classic home decor, leading to a rise in demand for the hearths market.
• The increasing number of tourists is fueling the demand for intelligent hospitality services to improve the interior aesthetics of hotels and resorts, thereby boosting market growth.
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Competitive Landscape
Top market players are making significant investments in research and development to broaden their product offerings, which will further boost the hearth market. Some of the leading market players are:
• Empire Distributing
• FPI Fireplace International Ltd.(Regency)
• Glen Dimplex Americas
• Hearth & Home Technologies
• Hearthstone Quality Home Heating Products Inc.
• Heat & Glo.
• HNI Corp.
• HPC Fire
• Modern Flames
• Monessen
• Napolean
• R.H. Peterson Co.
• SimpliFire
• Stoll Industries
• Travis Industries Inc.
• Valor Fireplace
Hearth Market Report Highlights
• By placement analysis, the indoor placement segment is expected to dominate the market due to the rapidly growing home décor and renovation sector.
• By application analysis, the hospitality segment is expected to dominate the market due to increasing tourism across various regions that drives demand for affordable and innovative interiors.
• North America is anticipated to boost the market growth due to the growing construction of new residential houses. Moreover, the cold weather and increasing purchasing power tend to boost demand for hearths.
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Table of Contents Hearth Market
Global Hearth Market, by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Hearth Market, by Product Type, 2019-2032 (USD billion)
5.3. Stoves
5.3.1. Global Hearth Market, by Stoves, by Region, 2019-2032 (USD billion)
5.4. Wall Mounted
5.4.1. Global Hearth Market, by Wall Mounted, by Region, 2019-2032 (USD billion)
5.5. Built-in
5.5.1. Global Hearth Market, by Built-in, by Region, 2019-2032 (USD billion)
5.6. Fireplace
5.6.1. Global Hearth Market, by Fireplace, by Region, 2019-2032 (USD billion)
5.6.2. Single-sided
5.6.2.1. Global Hearth Market, by Single-sided, by Region, 2019-2032 (USD billion)
5.6.3. Multisided
5.6.3.1. Global Hearth Market, by Multisided, by Region, 2019-2032 (USD billion)
5.7. Inserts
5.7.1. Global Hearth Market, by Inserts, by Region, 2019-2032 (USD billion)
5.8. Mentel/Freestanding
5.8.1. Global Hearth Market, by Mentel/Freestanding, by Region, 2019-2032 (USD billion)
5.9. Tabletop
5.9.1. Global Hearth Market, by Wall Mounted, by Region, 2019-2032 (USD billion)
Global Hearth Market, by Fuel Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Hearth Market, by Fuel Type, 2019-2032 (USD billion)
6.3. Wood
6.3.1. Global Hearth Market, by Wood, by Region, 2019-2032 (USD billion)
6.4. Gas
6.4.1. Global Hearth Market, by Gas, by Region, 2019-2032 (USD billion)
6.5. Electricity
6.5.1. Global Hearth Market, by Electricity, by Region, 2019-2032 (USD billion)
6.6. Pellet
6.6.1. Global Hearth Market, by Pellet, by Region, 2019-2032 (USD billion)
Region-Wise Summary
• North America is expected to lead the market owing to increased demand for home decoration and the presence of key firms in the region.
• Europe is anticipated to have the highest CAGR over the forecast period due to government programs designed to diminish the use of wood-burning gas fireplaces in favor of electric alternatives.
• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe
Segment-Wise Analysis
Hearth Market, Product Type Outlook (Revenue, USD Billion, 2019-2032)
• Stoves
• Wall Mounted
• Built-in
• Fireplace
o Single-sided
o Multisided
• Inserts
• Mentel/Freestanding
• Tabletop
Hearth Market, Fuel Type Outlook (Revenue, USD Billion, 2019-2032)
• Wood
• Gas
• Electricity
• Pellet
Hearth Market, Placement Outlook (Revenue, USD Billion, 2019-2032)
• Indoor
• Outdoor
• Portable
Hearth Market, Design Outlook (Revenue, USD Billion, 2019-2032)
• Traditional / Conventional Hearth
• Modern Hearth
Hearth Market, Ignition Type Outlook (Revenue, USD Billion, 2019-2032)
• Electronic Ignition
• Standing Pilot Ignition
Hearth Market, Application Outlook (Revenue, USD Billion, 2019-2032)
• Residential
• Institutional
• Hospitality
• Commercial
Hearth Market, Vent Availability Outlook (Revenue, USD Billion, 2019-2032)
• Vented Hearths
• Unvented Hearths
Hearth Market, Material Outlook (Revenue, USD Billion, 2019-2032)
• BFSI
• Retail & E-commerce
• IT & Telecom
• Healthcare & Life Science
• Government & Public Sector
• Media & Entertainment
• Supply Chain & Logistics
• Others
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