Press Release / Health and Fitness / Hearth Market worth $14.39 Billion by 2020

Hearth Market worth $14.39 Billion by 2020

The hearth market 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 objective of this report is to define, describe, and forecast the market size and future growth potential of the hearth market across different segments such as fuel type, product, design, placement, and application. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The demand for hearth products is expected to be driven by factors such as the the cold weather conditions in certain regions and the growing interest for aesthetically appealing home decor products by the customers.

The research methodology used to estimate and forecast the market begins by capturing the number of units sold for each hearth products by fuel type. Calculations based on the shipment of hearth products led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary respondents is depicted in the below figure:

Hearth Market

To know about the assumptions considered for the study, download the pdf brochure

The hearth ecosystem includes component manufacturers; hearth manufacturers & system integrators such as 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.); distributors; end-users; and post-sales service providers.

Key Target Audience:

Raw material & equipment suppliers
Original equipment manufacturers (OEMs)
Online product distributors
Installers and maintenance service providers
Fuel suppliers
Distributors and retailers
Research organizations
Component integrators
Interior designers

Scope of the Report:

The hearth market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. In this report, the market has been segmented as follows:

Hearth Market, by Fuel Type

Gas
Wood
Electric
Others

Hearth Market, by Product

Fireplace
Stove
Insert

Hearth Market, by Design

Traditional
Modern

Hearth Market, by Placement

Indoor Hearth
Outdoor Hearth
Portable Hearth

Hearth Market, by Application

Residential
Commercial
Hospitality
Institutions

Geographic Analysis of the Global Hearth Market:

North America
Europe
APAC
RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Country-wise breakdown of all the regions by application
Detailed analysis and profiling of additional five market players