Hearth Market is predicted to reach USD 18.8 billion at a CAGR of ~7.90% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Hearth Market” that contains information from 2018 to 2032. The Hearth market is estimated to register a CAGR of 7.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Hearth market— Hearth & Home Technologies, Innovative Hearth Products, Travis Industries Inc., FPI Fireplace Products International Ltd., Napoleon Fireplaces, Empire Comfort Systems Inc, Hearth Products Controls Co., Montigo., HearthStone Quality Home Heating Products Inc., Pacific Energy, R.H. Peterson Co., European Home, Barbas Bellfires, Element4, Stellar Hearth Products Inc., SPARTHERM FEUERUNGSTECHNIK GMBH, La Nordica S.p.A., MCZ Group SPA, Acadia Hearth, and Kemwell Fire International Limited.

Market Highlights

The global hearth market is accounted to register a CAGR of 7.90% during the forecast period and is estimated to reach USD 18.8 Billion by 2032.

The term "home automation" describes the centralized management of everyday household duties and operations. Devices and appliances can broadcast data or commands that can be remotely controlled over a shared, connected network. By having built-in statistics on typical usage, the system can better respond to user requests, highlight important irregularities, or prevent accidents. Smart home appliance owners can monitor their appliances remotely and confirm that each device is fully shut off. One of the biggest advantages of home automation is that it can control the fireplace, maintain a secure environment, and prevent unintended fires, water leaks, gas leaks, and other disasters.

Segment Analysis

The global hearth market has been segmented based Product, Fuel Type, Placement, Design, Ignition Type, Vent Availability, Application, Fireplace Type and Type of Material. 

On the basis of product, the market is segmented into fireplaces, stoves, and inserts. In 2022, the fireplaces segment was the largest globally. Fireplaces can be used both inside and outside to create a cosy, relaxing atmosphere.

Based on fuel type, the global hearth market has been segmented into includes wood, gas, electricity, and pellet. In 2022, the gas category will rule the world market. Gas fireplaces are renowned for their efficiency at burning wood.

Based on placement, the global hearth market has been segmented into indoor hearth, outdoor hearth, and portable hearth. In 2022, the outdoor hearth segment led the world hearth market. Currently, outdoor hearths come in a number of styles.

Based on design, the global hearth market has been segmented into traditional hearth and modern hearth. In 2022, the traditional hearth segment dominated the world hearth market. Classic hearth installations in various residences can offer a historic texture and a sense of financial stability by utilizing hearths made of wood.

Based on ignition type, the global hearth market has been segmented into electronic ignition and standing pilot ignition. In 2022, the worldwide hearth market was dominated by the electric ignition segment. Installing a modern fireplace, such as one with an electronic ignition, significantly raises the curb appeal of a house.

Based on vent availability, the global hearth market has been segmented into vented hearth and unvented hearth. In 2022, the vented Hearth category dominated the world Hearth market. The major factor in the segment's impressive performance is how easy it is to install vented hearth devices in already-existing infrastructure.

Based on application, the global Hearth market has been segmented into residential, commercial, hospitality, and institutional. In 2022, the residential segment dominated the world market for fireplaces. Residential fireplaces dominate the hearth market because they go well with most house decor.

Based on fireplace type, the global hearth market has been segmented into single-sided fireplaces and multi-sided fireplaces. In 2022, the segment for single-sided fireplaces dominated the world market for hearths. This may be because the single-sided fireplace market is experiencing new growth potential due to the ability to utilise available space and install the proper built-in structure to ensure highly efficient operation.

Based on type of material, the global hearth market has been segmented into brick, granite, marble, stone, state, and quarry tiles. In 2022, the brick segment led the world market for hearths. The benefits of building hearths out of brick help to explain this. Brick material increases the amount of time that heat and temperatures are sustained because of its enormous heat absorption capability.

Regional Analysis

The global hearth market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Hearth market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Hearth market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Hearth market comprises of Middle East, Africa, and Latin America.

The largest market share for hearth was maintained by the North American regional sector. Due to their colder climates and technological advancements, these countries are leading the hearth market. North America has a cold temperature, thus heating equipment is often used in houses and other indoor settings.

Moreover, the Europe market has been persistently growing over the forecast period. Due to the increased use of various types of heating appliances in homes as a result of the severely cold conditions, the area has experienced exponential expansion.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The potential growth of the local market is being facilitated by ideal weather, benefits over gas or wood-based appliances, and the adoption of aesthetically beautiful fireplaces.

Furthermore, the rest of the world's hearth market is divided into the Middle East, Africa, and Latin America. Numerous factors, such as cultural preferences, climatic conditions, and economic factors, have an impact on its expansion. Due to rising urbanization, rising disposable incomes, and shifting consumer preferences, the region has been expanding. Hearth items, such as fireplaces, stoves, and inserts, have been in increasing demand.

Key Findings of the Study

• The global hearth market is expected to reach USD 18.8 Billion by 2032, at a CAGR of 7.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market The potential growth of the local market is being encouraged by pleasant weather, benefits over gas or wood-based appliances, and the adoption of aesthetically beautiful fireplaces.


• Based on product, the fireplaces, stoves, and inserts segment was attributed to holding the largest market in 2022.


• Hearth & Home Technologies, Innovative Hearth Products, Travis Industries Inc., FPI Fireplace Products International Ltd., Napoleon Fireplaces, Empire Comfort Systems Inc, Hearth Products Controls Co., Montigo., HearthStone Quality Home Heating Products Inc., Pacific Energy, R.H. Peterson Co., European Home, Barbas Bellfires, Element4, Stellar Hearth Products Inc., SPARTHERM FEUERUNGSTECHNIK GMBH, La Nordica S.p.A., MCZ Group SPA, Acadia Hearth, and Kemwell Fire International Limited.