Hearth products have been primarily used for space heating market since their inception. The hearth market has undergone a phase of transformation leading to the launch of several advanced, efficient, and superior hearth products are in the said market. This overall market has been divided into two segments based on style. These segments are modern and traditional hearths. In these segments, modern style based hearth leads the market. These products are fuel efficient and attractive in designs. As a result, more number of customers are preferring modern hearths to add aesthetic value to their home and to utilize economical space heating. This market has also been segmented based on the fuel type used. Gas, electric, wood, and others are the fuels which are primarily used in the fireplace market. Furthermore, the electric and gas fuels are expected to drive the hearth market.
The hearth market is expected to grow at a CAGR of 3.13% between 2015 and 2020. This market is highly influenced by the government policies. Thus, market players are aiming to launch products which are compatible to unconventional fuels such as biomass, in order to comply with government regulations. such products are available across regions especially the North and Latin American countries and Europe. Due to a colder environment and presence of major market players, these regions hold the maximum share of the hearth market.
The major players in the hearth market include Hearth & Home Technologies, Inc. (U.S.), FPI Fireplace Products International Ltd. (Canada), Vermont Casting Group (U.S), Empire Comfort Systems, Inc. (U.S.), Hearth and Home Technologies, Inc. Inc. (U.S.), Travis Industries (U.S.), and Innovative Hearth Products LLC. (U.S.).
This report details the value chain for the hearth market by considering all the major stakeholders in the market and their roles in the analysis. The report also provides a detailed study of the Porter’s Five Forces analysis of the market. The five major factors in these markets have been quantified using the internal key parameters governing each of them. It covers a brief description of the major players that are active in the hearth market. It also covers the competitive landscape of these players which includes the key growth strategies and recent developments.
Scope of the report
The research report categorizes the hearth market based on the analyses of different products, fuel types, styles, and regions.
Market by Products:
The hearth market has been segmented on the basis of products which include fireplaces, stoves, and inserts.
Market by Style Type:
The hearth market has been segmented on the basis of style into traditional and modern hearths.
Market by Fuel Type:
The hearth market has been segmented on the basis of the type of fuel consumed. These segments include gas, electric, wood, and other fuel based hearths.
Market by Geography:
The hearth market has been segmented by geography into four regions: Americas, Europe, APAC, and Rest of world.
The report “Global Hearth Market” recognizes the hearth market dynamics like drivers, restrains, and opportunities. Apart from the market segmentation, the study captures the market trends in the hearth market, technology roadmaps, and product life cycle analysis. In addition to this, this report also covers the market timelines and competitive landscape which includes the market share analysis and key developments related to the key players.