Global Hearth Market was valued US$ 14.80 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a XX % CAGR of around during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The report contains a detailed list of factors that will drive and restrain the growth of the hearth market. Rising interest for aesthetic and designer houses and restaurants, increasing demand for the hearth system inside the hospitality sector and growing use of solar energy as a substitute, demand for hearth products are driving the growth in the global hearth market growth. On the other hand, principles for environment protection, high-cost technology, and traditional hearths are not eco-friendly thus limiting the Global hearth market growth.

Global Hearth Market Segment Analysis:

Based on the product, the fireplace segment is expected to dominate steady growth during the forecast period. Fireplace segment is mainly used to generate a relaxing and comfortable atmosphere indoor or outdoor. Recent fireplaces offers better heat efficiency and simplicity in design.

The modern hearths rises at a higher rate over the traditional ones and is projected to grow during the forecast period. Modern hearths expose various kinds of structures to support different technologies and provides various aesthetic features. These hearths are also armed with remote controls and offer better fuel efficiency and low emission rate.

The electric hearth market is anticipated to grow at the highest CAGR during the forecast year. Electric hearths offer benefits that include efficient space heating, along with low emissions. These hearths are more environmental friendly. Electric hearths are more efficient and require less preservation and installation costs, which turns to increase its demand.

Global Hearth Market Regional Analysis:

North America is estimated to hold the largest share in the global hearth market owing to the presence of major key companies, which are growing their production and distribution across the region. Furthermore, Europe and is expected to hold a prominent place in the global hearth market owing to the exponential growth of the region is increasing by the use of several types of heating appliances in the houses due to extreme cold weather. Cold climate and the increasing interest among the people towards hearth products related to home decoration is driving the growth in the global hearth market.

Global Hearth Market, Key Highlights:

• Global Hearth Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Hearth Market

• Global Hearth Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Hearth Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Hearth Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Hearth Market are also profiled.

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Global Hearth Market, by Fuel Type

• Wood
• Gas
• Electricity
• Pellet

Global Hearth Market, by Product

• Fireplace
• Stove
• Insert

Global Hearth Market, by Design

• Traditional Hearth
• Modern Hearth

Global Hearth Market, by Placement

• Indoor Hearth
• Outdoor Hearth
• Portable Hearth

Global Hearth Market, by Application

• Residential
• Commercial
• Hospitality
• Institutional

Global Hearth Market, by Technology

• Direct Vent Technology
• Intermittent Pilot Ignition System
• Zone Heating Technology
• Smart Home Integration

Global Hearth Market, by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa

Global Hearth Market Key Players

• Hearthstone Stoves
• Montigo
• Pacific Energy
• RH Peterson Co HNI Corporation
• Innovative Hearth Products LLC
• Travis Industries Inc.
• FPI Fireplace Products International Ltd.
• Napoleon Products
• Empire Comfort Systems, Inc.
• Hearth Products Controls Co.
• GHP Group Inc.
• Wilkening Fireplace
• Jotul AS
• Nordpeis
• Rassmussen Gas Logs
• European Home
• Barbas Bellfires
• Element4
• Stellar Hearth Products Inc.
• HNI Corporation
• Glen Dimplex

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