MRRS adds "Hearth Market by Fuel Type , Product, Design, Placement , Technology, Application, and Geography – Global Forecast to 2022" latest studies,published in December 2016. It is a professional and in-depth study.

The hearth market size, in terms of value, is expected to reach USD 18.43 billion by 2022, at a CAGR of 2.5% between 2016 and 2022. On the basis of volume, the market is expected to register a shipment of 6,877.38 thousand units by 2022, at a CAGR of 4.1% during the forecast period. The hearth products are efficient space heaters and popular as home decor. There are designer hearths which are in high demand and are available in the market. These products hold a certain appeal to people who still want decorative hearths in their houses, even in the era of central heating systems.
“Hospitality application is likely to grow at the highest rate during the forecast period”
The recreational places such as hotels, restaurants, bars, and cafes install indoor and outdoor hearths to provide customers a good experience, comfort, and artistic appeal. They even install their grilling and barbeque set up in the outdoors to give the customers a better dining experience. Even hospitals are installing hearth appliances for the comfort of patients.
“Hearth market in Europe to grow at the highest CAGR”
The European region holds growth potential for the market in the near future and is expected to grow at the highest CAGR during the forecast period. The major reason for this is the extreme cold weather which necessitates the adoption of various heating appliances in and around the houses. The home builders and interior designers also use the hearth products due to the aesthetic appeal of the bright flame of fireplaces.

Figure And Tables


TABLE 1 CONTINENTAL TEMPERATURE ANOMALIES, JANUARY–JUNE 2016 41
TABLE 2 PORTER’S FIVE FORCES ANALYSIS: OVERALL IMPACT ON THE MARKET WAS MEDIUM IN 2015 48
TABLE 3 HEARTH MARKET, BY FUEL TYPE, 2013–2022 (USD BILLION) 57
TABLE 4 HEARTH MARKET, BY FUEL TYPE, 2013–2022 (THOUSAND UNITS) 58
TABLE 5 MARKET FOR GAS-BASED HEARTHS, BY PRODUCT, 2013–2022 (USD BILLION) 59
TABLE 6 MARKET FOR GAS-BASED HEARTHS, BY REGION, 2013–2022 (USD BILLION) 60
TABLE 7 MARKET FOR GAS-BASED HEARTHS, BY DESIGN, 2013–2022 (USD BILLION) 61
 ...
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