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Gas Fireplaces Market Size, Share & Industry Analysis, By Type (Outdoor Gas Fireplaces, Indoor Gas Fireplaces), By Vent Type (Vent-free Gas Fireplaces, Direct-vent Gas Fireplaces), By Application (Residential, Commercial) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104726 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

A gas fireplace is a firebox that is generally utilized to keep the indoor and outdoor environmental space warm with ambient air quality. It is manufactured in a manufacturing facility with a direct-vent or vent-free designing. These fireplaces are meant to heat a room space. Most of the gas fireplaces are built with direct-vent that offers zero clearance i.e. these gas fireplaces can be enclosed with any given standard construction material such as, wood framing. The emergence of these fireplaces is related to its clean-burning characteristics. The gas fireplace produces much less carbon monoxide and particulate emissions when compared with wood fireplaces.


Now-a-days, several architects and interior designers are utilizing the gas fireplace as an essential requirement in the indoor applications. This in turn, has increased demand for gas fireplaces across cold countries such as, the U.K., Canada, Sweden, Denmark, Finland, New zealand, etc. It is therefore, expected to bolster the global gas fireplaces market growth. Additionally, the regional and global manufacturers are manufacturing gas fireplaces in order to create pleasing atmosphere in outdoor and indoor spaces without the hassle of wood. For instance, in August 2019, Vancouver Gas Fireplaces introduced ‘Valor H3’, a medium sized direct-vent gas fireplace that offers high-efficiency especially in townhouses. Valor H3 is equipped with zero clearance backing plate to replace gas or wood fireplaces when needed.


Considering the above factors, the market is expected to witness augmenting growth in the forecast period.


However, the COVID-19 pandemic has enforced manufacturing companies to restructure their manufacturing and supply-chain strategies. The resulting closure of borders has had an unusual effect on transportation business. Global gas fireplaces market however, is witnessing moderate to low impact owing to, the surge of interest for fireplace products across the residential applications. Travel restrictions offered the greater enticement to renovate homes thus, supporting the installation of gas fireplaces. Additionally, the psychological effect of gas fire being the source of relaxation has helped manufacturers to manufacture gas fireplaces as per the customer demands in these unprecedented period. Moreover, the most of the manufacturing facilities are now operating by following the stringent health practices suggested by the local health agencies, the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC). Therefore, the impact of COVID-19 is expected to act as a prominent contributor to boost the global gas fireplaces market growth in the forecast period.


Key Market Driver -

• Adoption of remote-controlled fireplace products • Growing demand for gas fireplaces across outdoor applications

Key Market Restraint -

• High cost pertaining to customized gas fireplaces


Key Players Covered:


Key players operating in the global gas fireplaces market are Kozy Heat, Woodbridge Fireplace Inc., NAPOLEON, Acucraft Fireplace Systems, Stoke Fireplace Studio, FPI Fireplace Products International Ltd., YP Fireplace & Patio, Jackson Fireplace, escea, VERMONT CASTINGS, ILLUSION FIRES, KINGSMAN FIREPLACES, Quadra-Fire, Ortal Heat, Majestic Products, Vancouver Gas Fireplaces, HEAT & GLO, Montigo, Archello, INDUSTRIAS HERGÓM (Europe) and others.


Regional Analysis


North America is capturing the highest market share. It is attributed to the strong presence of manufacturers including, NAPOLEON, Kozy Heat, Fireplace Products International Ltd., Woodbridge Fireplace Inc., Acucraft Fireplace Systems, HEAT & GLO, and others. These manufacturers are offering fireplaces that are engineered to transform commercial or residential properties. For instance, Acucraft Fireplace Systems offers circular, four-sided, linear and customized gas fireplaces that adds warmth to every environment.


Asia Pacific is expected to wintess highest growth in the forecast period. It owing to, the factors including, rising per capita spending and adoption of fireplace products as a smart home requirements for decorative purposes across applications. Additionally, the manufacturers including, escea, ILLUSION FIRES and others are exporting the fireplace products across North America, and other APAC countries. It is eventually boosting the manufacturing of gas fireplaces across the Asia Pacific countries.


Europe shows strong market growth owing to, the increasing demand for gas fireplaces in cold weather countries including, Finland, Denmark, the U.K. and others. Additionally, the ever growing tourism industry is also fuelling the gas fireplaces market growth. Additionally, the accelerated spending on new residential construction is also complimenting the market growth.


Middle East & Africa and South America is anticipated to witness slow growth. It is because, most of the countries in these regions import the gas fireplaces products for a decorative purpose and the local companies are working as a distributors with global manufacturers.


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Segmentation


























 ATTRIBUTE


  DETAILS

By Type




  • Outdoor Gas Fireplaces

  • Indoor Gas Fireplaces



By Vent Type




  • Vent-free Gas Fireplaces

  • Direct-vent Gas Fireplaces



By Application




  • Residential

  • Commercial



By Region




  • North America (U.S., Canada and Mexico)

  • Europe (UK, Germany, Spain, Italy, France, Benelux, Nordics, Russia and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • South America (Brazil, Argentina and Rest of South America)



Key Industry Developments



  • June 2020: Acucraft Fireplace Systems introduced industry-leading fireplace product that easily converts from gas to wood and vice varsa within 30-minute time. The newly introduced fireplace offers largest viewing area with both outdoor and indoor capabilities for the customers.

  • January 2018: HEAT & GLO introduced ‘Phoenix TrueView Gas Fireplace Without Glass-front’ that offers flexibility and easy installation with the best view of ultra-realistic logs. These fireplaces are easier to install than wood fireplaces.


  • Ongoing
  • 2021
  • 2018-2020

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