Hearth Market Research Report Information By Product (Fireplaces, Stoves, Inserts), Fuel Type (Wood, Gas, Electricity, Pellet), Placement (Indoor, Outdoor, Portable), Design (Traditional, Modern), Ignition Type (Electronic Ignition, Standing Pilot Ignition), Vent Availability (Vented Health, Unvented Hearth), Application (Residential, Commercial, Hospitality, Institutional), Fireplace Type (Single-Sided Fireplaces, Multi-Sided Fireplaces), Type of Material (Brick, Granite, Marble, Quarry Tiles) and Region- Industry Forecast 2032

Global Hearth Market Overview

Hearth Market Size was valued at USD 9.5 Billion in 2022. The Hearth market Placement is projected to grow from USD 10.3 Billion in 2023 to USD 18.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.90% during the forecast period (2023 - 2032). Rising demand for fireplaces with attractive design and rising demand for home automation, are the key market drivers enhancing the market growth.

Hearth Market Trends

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  Increasing demand for home automation is driving the market growth

  
  

Home automation refers to the centralized control of routine domestic tasks and operations. Over a shared, connected network, devices and appliances can broadcast data or orders that can be remotely controlled. The system can better respond to user demands, flag significant irregularities, or avert mishaps by having built-in data on routine usage. Users of smart home appliances can keep an eye on their home appliances from a distance and make sure that every gadget is properly turned off. The fact that home automation controls the fireplace, maintains a safe environment, and guards against unintentional fires, water leaks, gas leaks, and other tragedies are some of its most major benefits. Better energy management is made possible by automated homes, which can also change the temperature, turn on and off lights, and open and close window coverings according to the weather. Automation offers information about energy consumption, eventually resulting in energy efficiency and ecological awareness.

Home automation refers to the centralized control of routine domestic tasks and operations. Over a shared, connected network, devices and appliances can broadcast data or orders that can be remotely controlled. The system can better respond to user demands, flag significant irregularities, or avert mishaps by having built-in data on routine usage. Users of smart home appliances can keep an eye on their home appliances from a distance and make sure that every gadget is properly turned off. The fact that home automation controls the fireplace, maintains a safe environment, and guards against unintentional fires, water leaks, gas leaks, and other tragedies are some of its most major benefits. Better energy management is made possible by automated homes, which can also change the temperature, turn on and off lights, and open and close window coverings according to the weather. Automation offers information about energy consumption, eventually resulting in energy efficiency and ecological awareness. Thus, driving the Hearth market revenue.

Hearth Market Segment Insights

Hearth Product Insights

The Hearth Market segmentation, based on product, includes fireplaces, stoves, and inserts. Fireplaces segment dominated the global market in 2022. Indoors or out, fireplaces are there to make people feel at home and relaxed. The latest models of fireplaces are easier on the environment and the wallet.

Hearth Fuel Type Insights

The Hearth Market segmentation, based on fuel type, includes wood, gas, electricity, and pellet. Gas segment dominated the global market in 2022. Gas hearths are renowned for their ability to burn cleanly. Natural gas hearths emit far less carbon monoxide and particle emissions than wood hearths. They also require little upkeep and are simple to use. These elements are fostering the market for hearths' expansion of gas fireplaces.

Hearth Placement Insights

The Hearth Market segmentation, based on placement, includes indoor hearth, outdoor hearth, and portable hearth. Outdoor hearth segment dominated the Hearth Market in 2022. Outdoor hearths can be found right now in a variety of styles. They make the yard, patio, or deck into a welcoming sanctuary. By warming the area to suitable temperatures, outdoor hearths can help prolong the usage of outdoor space in colder areas.

Hearth Design Insights

The Hearth Market segmentation, based on design, includes traditional hearth and modern hearth. Traditional hearth segment dominated the Hearth Market in 2022. By using hearths made of wood, classic hearth installations in different homes can provide a historic texture and a sense of financial stability.

Hearth Ignition Type Insights

The Hearth Market segmentation, based on ignition type, includes electronic ignition and standing pilot ignition. Electric ignition segment dominated the Hearth Market in 2022. Installing a contemporary fireplace, like one with an electronic ignition, largely improves a home's curb appeal. Users are more interested in electric ignition fireplaces because of their eco-friendly features, which expands their market.

Hearth Vent Availability Insights

The Hearth Market segmentation, based on vent availability, includes vented hearth and unvented hearth. Vented hearth segment dominated the Hearth Market in 2022. The simplicity of installing vented hearth devices in pre-existing infrastructure is the main contributor to the segment's remarkable performance.

Hearth Application Insights

The Hearth Market segmentation, based on application, includes residential, commercial, hospitality, and institutional. Residential segment dominated the Hearth Market in 2022. Due to its ability to complement home décor, residential fireplaces dominate the hearth market. Due to the lack of electricity in cold climate areas like Greenland, the bulk of the population has erected traditional hearths, which are mostly made of wood.

Hearth Fireplace Type Insights

The Hearth Market segmentation, based on fireplace type, includes single-sided fireplaces and multi-sided fireplaces. Single-sided fireplaces segment dominated the Hearth Market in 2022. This may be due to the feature of using the existing space and installing the right built-in structure to provide highly efficient operation, which are opening up new growth potential for the single-sided fireplaces segment.

Hearth Type of Material Insights

The Hearth Market segmentation, based on type of material, includes brick, granite, marble, stone, state, and quarry tiles. The brick segment dominated the Hearth Market in 2022. This is explained by the advantages of using brick to construct hearths. Due to its enormous heat absorption capacity, brick material extends the time that heat and temperature are maintained.

Figure 1: Hearth Market, by Type of Material, 2022 & 2032 (USD Billion)

Product: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hearth Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Hearth Market dominated this market in 2022 (45.80%). These nations are at the forefront of the hearth market thanks to their colder temperatures and technical breakthroughs. Heating equipment is frequently employed in homes and other indoor settings in North America because of the region's frigid climate. Further, the U.S. Hearth market held the largest market share, and the Canada Hearth market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HEARTH MARKET SHARE BY REGION 2022 (USD Billion)

Product: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Hearth market accounted for the healthy market share in 2022. This is attributable to the area's exponential growth as a result of the increased use of various types of heating appliances in homes as a result of the bitterly cold temperatures. Further, the German Hearth market held the largest market share, and the U.K Hearth market was the fastest growing market in the European region

The Asia Pacific Hearth market is expected to register significant growth from 2023 to 2032. The favourable weather, advantages over gas or wood-based appliances, and the adoption of aesthetically pleasing fireplaces are all fostering the potential expansion of the local sector. Moreover, China’s Hearth market held the largest market share, and the Indian Hearth market was the fastest growing market in the Asia-Pacific region.

Hearth Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Hearth market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Hearth Placement must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Hearth Placement to benefit clients and increase the market sector. In recent years, the Hearth Placement has offered some of the most significant advantages to medicine. Major players in the Hearth market, including 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, are attempting to increase market demand by investing in research and development operations.

Gas fireplaces are produced by Montigo for both the home and commercial markets. For restaurants, public areas, educational institutions, and opulent residences, the company produces custom linear gas fireplaces, firebox liners, firepits, burner media, safety screens, and accent uplighting items. The DRL3613 DelRay Linear, a contemporary home gas fireplace, was introduced by Montigo in May 2022. It provides effectiveness and elegance to improve the room's ambience overall.

Glen Dimplex is a producer and distributor of heating and air conditioning products. Customers can keep their homes and offices warm in the winter with the help of the company's heating and climatic products, which include heaters, heat pumps, heating cable, cooling, and hot water items. Glen Dimplex purchased SmarterDM, a specialised software and hardware development firm, in February 2022. Both businesses stand to gain from this transaction in terms of their customer base and domain expertise.

Key Companies in the Hearth market include

• 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


• 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


• Kemwell Fire International Limited

Hearth Placement Developments

November 2021 The Outdoor GreatRoom Company, a producer and provider of high-end outdoor living goods, was purchased by Hearth & Home Technologies.

Hearth Market Segmentation

Hearth Product Outlook

• Fireplaces


• Stoves


• Inserts

Hearth Fuel Type Outlook

• Wood


• Gas


• Electricity


• Pellet

Hearth Placement Outlook

• Indoor Hearth


• Outdoor Hearth


• Portable Hearth

Hearth Design Outlook

• Traditional Hearth


• Modern Hearth

Hearth Ignition Type Outlook

• Electronic Ignition


• Standing Pilot Ignition

Hearth Vent Availability Outlook

• Vented Hearth


• Unvented Hearth

Hearth Application Outlook

• Residential


• Commercial


• Hospitality


• Institutional

Hearth Fireplace Type Outlook

• Single-Sided Fireplaces


• Multi-Sided Fireplaces

Hearth Type of Material Outlook

• Brick


• Granite


• Marble


• Stone


• State


• Quarry Tiles

Hearth Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America