- Summary
- Table Of Content
- Methodology
Hearth Market Size:
Hearth Market size is estimated to reach over USD 16,703.39 Million by 2031 from a value of USD 9,862.73 Million in 2023 and is projected to grow by USD 10,358.43 Million in 2024, growing at a CAGR of 6.8% from 2024 to 2031.
Hearth Market Scope & Overview:
A fireplace hearth (HT) refers to the horizontal floor area that surrounds a fireplace. It is made from non-combustible materials such as slate, ceramic, granite, limestone, marble, and brick. It provides a safe barrier to prevent sparks of fire from escaping into the environment. Additionally, the market is bifurcated into two different heights such as flushed type (floor level), which extends 16 to 18 inches, and raised type, which are 15 to 17 inches tall and create more space in between. Further, different types of materials present numerous design options for residential and commercial gatherings.
Hearth Market Dynamics - (DRO) :
Key Drivers:
Increased adoption in the residential sector propels the heart market growth
In the residential sector, a fireplace HT is the ledge or floor in the fireplace that extends into the room as well as the wall around the fireplace to protect the home from sparks and heat from the fire. Additionally, HT is associated with light and food preparation in the home and the center of warmth. Further, the market utilizes different luxury materials including fireside tiles, marble, and granite for designing. Integrating fireplace HT systems in the home reduces the cost of secondary heat sources significantly.
- For instance, according to the United States Census Bureau, 1,416,000 privately owned residential housing units were authorized as of November 2024. Rising development of building permits is projected to increase the demand in the market for heating applications in residential buildings during the cold season
Thus, the rising number of building permits in the residential sector is driving the market.
Key Restraints :
Factors including compliance with safety standards and environmental concerns are restraining the heart market growth
Safety standards in installing HT are increasing due to strict building laws and fire safety regulations, which complicate the process and limit design flexibility. Further, traditional fireside using wood as a fuel is contributing to air pollution, in turn reducing their aesthetic appeal to environmentally conscious people. This, in turn, is promoting a shift towards cleaner alternatives based on different application usage.
Hence, factors including compliance with safety standards and environmental concerns are hindering the hearth market expansion.
Future Opportunities :
Rising adoption in hospitality is expected to drive the hearth market opportunities
Rising adoption in the hospitality sector is providing warm friendly treatment to visitors, guests, and strangers, among others. They are widely placed in lounge areas for providing a relaxing ambiance and heating a room. Design and heat efficiency depend on modern fireplaces for cooking and providing heat. Additionally, in hotels, the fireplace is made of stone, marble, metal, granite, or brick to contain fire.
- For instance, IHG Hotels & Resorts launched Atwell Suites in China. Rising development of suites and hotels is projected to increase the demand for improving lounge and lobby ambiance.
According to the analysis, the rising investments in suites and hotels are increasing the adoption which, in turn, drives the hearth market opportunities.
Hearth Market Segmental Analysis :
By Fuel:
Based on the fuel, the market is segmented into wood, gas, electric, and pellet.
Trends in the Fuel:
- There is an increasing trend towards the adoption of electric firesides for low-maintenance heating sources and energy efficiency.
- Rising trend towards the utilization of wood as a fuel in the residential industry because it is used for cooking and heating.
The wood segment accounted for the largest revenue of 39.28% in the overall health market share in 2023.
- Wood fuels such as firewood, sheets, sawdust, and charcoal are often used as fuel for the market.
- Additionally, wood is largely used as a major source of renewable heat energy, and it also does not produce smoke.
- Harwood logs such as ash, hornbeam, walnut, oak, and beech are used for burning on fireside.
- For instance, LACUNZA launched PARIS, a wood-burning stove with a high-pressure ventilation system using centrifugal turbines for supplying heat to different rooms.
- Therefore, the rising developments in wood-burning stoves are increasing the adoption, which in turn drives the market.
The gas segment is anticipated to register a significant CAGR during the forecast period.
- Rising utilization of natural gas and propane is increasing as a fuel, making them more efficient and convenient.
- Gas fireplace HT works by pulling fresh air from one pipe for combustion and then pushing out fumes from another pipe.
- Gas-type fireplace hearths are safe as no smoke, matches, backdrafts, sparks, or soot are present.
- For instance, in January 2023, Grand Canyon Gas Logs launched a gas log technology for the open fireplace which in turn drove the market adoption.
- Therefore, the rising advancements associated with the gas stove technology are increasing utilization, in turn driving the hearth market trends.
By Product:
Based on the product, the market is segmented into stove and insert.
Trends in the product:
- There is an increasing trend towards the adoption of stove type because of the safe, durable, and non-combustible base.
- Rising utilization of insert type is increasing to reduce heat loss in a fireplace.
The stove segment accounted for the largest revenue share of the total hearth market share in 2023.
- Stove hearth refers to the protection of the floor underneath from the heat of the stove, it is placed on a slab of non-combustible material.
- In stoves, by controlling air and keeping air low, the time period of burning is improved by up to 30 hours.
- For instance, Stoll Industries offers cast iron stoves in its product offerings. The iron stove offers several features including innovation in modern technology from fireplaces to cast iron stoves.
- According to the analysis, the rising advancements in stove type for protecting the surrounding environment are driving the market trends.
Insert segment is anticipated to register the fastest CAGR during the forecast period.
- Insert is integrated into an opening or built-in wall, which is a fireplace or bespoke opening.
- Additionally, fireplace inserts are developed and designed to be efficient and to reduce heat loss.
- For instance, in August 2024, Charnwood launched the Cranmore Insert Stove, which is designed to be integrated into the existing fireplace in their home.
- According to the analysis, the rising advancements in insert stoves for existing fireplaces are driving the hearth industry.
By Application:
Based on the application, the market is residential, commercial, and hospitality.
Trends in the Application:
- There is an increasing trend towards adoption in the residential industry for the aesthetic appeal of living spaces.
- Rising utilization in hospitality places such as hotels, restaurants, and cafes for improving ambiance.
The residential segment accounted for the largest revenue at x% of the overall market share in 2023.
- In residential places, it is installed to provide a heat-resistant, non-combustible base for a safe environment setting.
- Additionally, it enhances the aesthetic appeal of living spaces by improving fireplace design using marble, granite, and bricks.
- Further, they protect floors and nearby environments from embers, sparks, and heat.
- For instance, according to the United States Census Bureau, 1,311,000 privately owned residential housing units were owned by US citizens as of November 2024. Rising investment in housing is projected to increase the market demand for heating and ambiance within residential buildings.
- Therefore, the rising investment in residential housing is driving the market.
Hospitality is anticipated to register the fastest CAGR during the forecast period.
- In the hospitality sector, they add warmth and ambiance by creating a welcoming atmosphere in hospitality places such as hotels, restaurants, and cafes.
- Additionally, in lounges, lobbies, or dining areas, the heart acts as a focal point for enhancing and improving the overall guest experience.
- Further, to ensure safety in hotels, resorts, and restaurants they are integrated into lounges and lobbies to prevent the spread of heat and sparks.
- For instance, Minor Hotels launched its first NH-branded hotel in China. Rising development of hotels is projected to increase the adoption of hotels for use in lobbies and lounges to improve the guest experience.
- Therefore, the rising adoption in the hospitality sector for improving ambiance, which in turn drives the hearth market trends.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 2,294.73 Million in 2023. Moreover, it is projected to grow by USD 2,424.94 Million in 2024 and reach over USD 4,174.18 Million by 2031. Out of this, China accounted for the maximum revenue share of 27.4%. As per the hearth market analysis, the rising adoption particularly in countries such as China, India, and Japan is growing due to growth in modern interior design. The rapid development and growing investments in the hospitality sector are accelerating the hearth market expansion.
- For instance, in November 2023, Accor launched Tribe Nation in China with new advancements in hospitality. The rising development of hotels is projected to increase the demand for hearths for lounge ambiance.
North America is estimated to reach over USD 6,355.64 Million by 2031 from a value of USD 3,858.55 Million in 2023 and is projected to grow by USD 4,043.22 Million in 2024. As per the market analysis in North America, the growth is driven by the region’s cold climate and increasing adoption in various applications such as hospitality, residential houses, commercial, buildings, and others. Rising adoption of low-cost heating options and effective home heating systems are driving the market growth. In addition, increasing investment in residential and commercial sectors is massively contributing to the hearth market demand.
- For instance, in November 2024, according to the United States Census Bureau, the construction of 1,614,000 privately owned residential housing units was completed. Rising investment in housing is projected to increase the market demand for heating and ambiance purposes.
The regional analysis depicts that the rising growth in renewable energy sources and sustainable living is driving the hearth market demand in Europe. Further, as per the hearth market analysis, the primary factors driving the market in the Middle East and African region include increasing investment in modern urbanization and renewable sources of energy. In addition, the rising investments in environmentally healthy products to reduce air pollution are driving electrically fueled type fireplaces, thereby driving the market growth in the Latin America region.
Top Key Players & Market Share Insights:
The hearth market is highly competitive with major players providing services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global hearth market. Key players in the hearth industry include -
- Stoll Industries (US)
- Empire Comfort Systems (US)
- HNI Corp. (US)
- Glen Dimplex (Ireland)
- The Outdoor Greatroom Company (US)
- Valor Fireplace (US)
- Travis Industries, Inc. (US)
- Forge & Flame
- Hearth & Home (US)
Hearth Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 16,703.39 Million |
| CAGR (2024-2031) | 6.8% |
| By Fuel |
|
| By Product |
|
| By Application |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the hearth market? +
The hearth market was valued at USD 9,862.73 Million in 2023 and is projected to grow to USD 16,703.39 Million by 2031.
Which is the fastest-growing region in the Hearth market? +
Asia-Pacific is the region experiencing the most rapid growth in the Hearth market.
What specific segmentation details are covered in the Hearth report? +
The Hearth report includes specific segmentation details for fuel, product, application, and region.
Who are the major players in the Hearth market? +
The key participants in the hearth market are Stoll Industries (US), Empire Comfort Systems (US), Valor Fireplace (US), Travis Industries, Inc. (US), Forge & Flame, Hearth & Home (US), The Outdoor Greatroom Company (US), HNI Corp. (US), and Glen Dimplex (Ireland).
