Global Electric Fireplace Market Growth 2019-2024

An Electric Fireplace is an electric heater that mimics a fireplace burning coal, wood, or natural gas. Electric Fireplaces are often placed in conventional fireplaces, which can then no longer be used for conventional fires. They plug into the Freestanding Electric Fireplaces, and can run on a "flame only" setting, or can be used as a heater, typically consuming 1.4-1.6 kW that can heat a 400 sq ft (37 m2) room.

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There is also a certain space of demand of Electric Fireplace product in market, but basically it shows the scarcity of high-end products and excess capacity of low end products. There is a large market demand of high-end products to seize market share of imports.
Despite the presence of competition problems, trend is clear due to the global recovery. Investors are still optimistic about this area; the future will still have more new investment.
As large demand of high-end products at abroad, many companies began to enter the field of high-end. Currently, the Chinese Electric Fireplace industry is not only begin to transit to high-end Electric Fireplace products but also extend in the resource-rich land and downstream industry chain.

According to this study, over the next five years the Electric Fireplace market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 4800 million by 2024, from US$ 3870 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Fireplace business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Fireplace market by product type, application, key manufacturers and key regions and countries.

This study considers the Electric Fireplace value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Wall Mount Electric Fireplaces
Built-In Electric Fireplaces
Freestanding Electric Fireplaces
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
House Use
Hotel Use
Other Place Use

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
GLEN DIMPLEX
SEI
Buck Stove
Twin-Star International
Allen
Napoleon
Kent Fireplace
Adam
Jetmaster
Fuerjia
Rui Dressing
GHP Group Inc.
BTB
Boge Technology
RICHEN
Saintec
Hubei Ruolin
Paite
Andong
Ruitian Industry

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Electric Fireplace consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Fireplace market by identifying its various subsegments.
Focuses on the key global Electric Fireplace manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Fireplace with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Fireplace submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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