Saudi Arabia Hearth Market (2022-2028) | Trends, Outlook, Revenue, Industry, Forecast, Size, Share, Analysis, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Hearth Market Synopsis

The Saudi Arabia hearth market revenue is being driven by the continuous construction activities and growing population in the country. Additionally, the government's initiatives to reduce energy consumption and environmental pollution are further expected to support the growth of the market.

According to 6Wresearch, the Saudi Arabia Hearth Market size is expected to grow during 2022-2028. In recent years, the Saudi Arabia hearth market has seen several new developments that are expected to continue in the coming years. One of the most significant changes has been the introduction of new regulations that have made it mandatory for all new buildings to be equipped with a fire detection and suppression system. This has led to an increase in demand for these systems, as well as for associated products and services.

Key Trends in Saudi Arabia Hearth Market 

The country's construction industry is expanding rapidly, with several mega projects underway. This is likely to increase the Saudi Arabia hearth market growth. Some of the key trends in the Saudi Arabia hearth market are:

• Increasing preference for electric fireplaces: Electric fireplaces are becoming increasingly popular in Saudi Arabia, due to their low maintenance costs and ease of installation.
• Rising demand for eco-friendly products: Consumers in Saudi Arabia are becoming more aware of the environmental impact of traditional fireplaces. As a result, there is a growing demand for eco-friendly hearth products, such as those made from recycled materials.
• Growing popularity of corner fireplaces: Corner fireplaces are gaining popularity in Saudi Arabia, as they help save space and can be easily installed in any room.

Market Analysis Based on Application

Based on Application, the residential sector is the major end-user of hearth products in Saudi Arabia and is anticipated to grow. The growth in the residential sector is attributed to the increasing construction activities and renovation projects across Saudi Arabia. The non-residential sector is also anticipated to witness significant growth during the forecast period owing to the growing number of commercial and institutional buildings such as hospitals, malls, hotels, and office spaces.

Market Analysis Based on Fuel Type

Based on Fuel Type, Wood burning stoves held a significant share in the overall hearth market due to their wide use in rural areas for heating purposes. However, pellet stoves are expected to grow at the highest CAGR owing to their environmentally friendly nature and cost-effectiveness.

Market Analysis Based on Product

Based on Product, Saudi Arabia hearth market can be segmented into three major types: wood-burning, gas-fired, and electric. Among these, gas-fired systems are anticipated to witness the highest growth during the forecast period, owing to their cost-effectiveness and low emission levels.

Wood burning fireplaces are one of the most popular types of fireplaces in Saudi Arabia. They are known for their ability to provide a warm and inviting atmosphere in any home. There are many different styles of wood burning fireplaces available on the market, so it is important to take the time to find one that best suits your needs and preferences.

Gas Fired Hearths: There are several reasons for this strong growth prospects for gas-fired units in Saudi Arabia. First, natural gas is abundant and relatively cheap in the country thanks to heavy government subsidies. This makes it an attractive fuel choice for domestic consumers, especially compared to electricity which is also heavily subsidised but suffers from regular power outages.

Second, the Saudi government is promoting the use of gas-fired units as a way to reduce Saudi Arabia’s dependence on oil. The country has set a target of reducing its oil consumption from current levels of around 9 million barrels per day (mbpd) to 8 mbpd by 2030. This will require a significant switch from oil-fired.

Impact of COVID-19 on the Saudi Arabia hearth market

The pandemic has been hard on the Global hearth market, the growth of the Saudi market has seen a downhill as the economic crisis induced by the pandemic affected the purchasing power of the customers and the End-user industries were also hit hard. However, new technology and innovation are reducing the cost of the product thus pushing the growth of the market.

Varieties of Hearth in the Saudi Arabia hearth market

There are many different types of fireplaces available on the market today. You can choose from a traditional fireplace with a mantel and surround, or you can opt for a more modern, sleek design. There are also electric fireplaces that come in a variety of different sizes to fit any space.

If you're looking for an electric fireplace that will provide warmth and ambiance, then a traditional-style fireplace is a great option. These fireplaces come with an insert that you can place inside your existing fireplace. They also include a mantel and surround so you can still decorate your fireplace as you would with a wood-burning model.

If you're looking for something more modern, then a wall-mounted electric fireplace is a great choice. These fireplaces are very sleek and contemporary in design, and they can be hung on any wall in your home. They're also easy to install and don't require any special venting or wiring.

If you have a smaller space, then an electric stove might be the perfect option for you. These stoves are compact and come in many different styles. You can find them in both traditional and contemporary designs, so there's sure to be one that fits your taste.

Pellet/oil burners and other combustion equipment account for a significant share of the overall hearth market in Saudi Arabia. Pellet burners are increasingly being preferred over traditional wood-burning stoves owing to their energy efficiency and low emissions. Other combustion equipment includes gas fireplaces, electric fireplaces, and wood-burning stoves.

The pellet/oil burner segment is expected to grow at the highest CAGR during the forecast period due to the high demand from commercial establishments such as hotels and restaurants. The construction industry is also anticipated to drive the demand for pellet/oil burners in Saudi Arabia over the next few years.

New Developments in the Saudi Arabia Hearth Market 

Development that is expected to have a positive impact on the Saudi Arabia hearth market is the increasing awareness of fire safety among consumers. This is being driven by government campaigns as well as by private companies and organizations that are looking to promote fire safety in the country. As a result of this increased awareness, more people are installing smoke detectors and other fire safety equipment in their homes and businesses. This is expected to lead to further growth in the market for these products and services over the next few years.

Key Players Operating in the Saudi Arabia hearth market

The market is highly competitive with the presence of a large number of international and regional players. Key players in the market are focused on product innovation and expansion of their distribution channels to gain a larger share in the Saudi Arabia hearth market. Some of the key players operating in the Saudi Arabia Hearth market share include:

• Alfa Laval
• BAEHAQIQ SAUDI ARABIA LTD.
• BROEN A/S
• KSA FIREPLACE FACTORY
• NAFFCO FZE
• STOVAX LIMITED
• ZUBAIDAH GROUP OF COMPANIES

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Hearth Market Outlook
• Market Size of Saudi Arabia Hearth Market, 2021
• Forecast of Saudi Arabia Hearth Market, 2028
• Historical Data and Forecast of Saudi Arabia Hearth Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Hearth Market Trend Evolution
• Saudi Arabia Hearth Market Drivers and Challenges
• Saudi Arabia Hearth Price Trends
• Saudi Arabia Hearth Porter's Five Forces
• Saudi Arabia Hearth Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Product for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Fireplaces for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Stoves for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Inserts for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Fuel Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Wood for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Gas for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Electricity for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Pellet for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Placement for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Indoor Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Outdoor Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Portable Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Design for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Traditional Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Modern Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Sensor for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Burner for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Remote Control System for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Valve Kit for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Other Components for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Ignition Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Electronic Ignition for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Intermittent Pilot Ignition (IPI) for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Hot Surface Ignition for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Standing Pilot Ignition for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Vent Availability for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Vented Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Unvented Hearth for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Residential for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Commercial for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Hospitality for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Institutional for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Type of Material for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Introduction for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Brick for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Granite for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Marble for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Stone for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Slate for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hearth Market Revenues & Volume By Quarry Tiles for the Period 2018 - 2028
• Saudi Arabia Hearth Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Fuel Type
• Market Opportunity Assessment By Placement
• Market Opportunity Assessment By Design
• Market Opportunity Assessment By Ignition Type
• Market Opportunity Assessment By Vent Availability
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Type of Material
• Saudi Arabia Hearth Top Companies Market Share
• Saudi Arabia Hearth Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Hearth Company Profiles
• Saudi Arabia Hearth Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Fireplaces
• Stoves
• Inserts

By Fuel Type

• Introduction
• Wood
• Gas
• Electricity
• Pellet

By Placement

• Introduction
• Indoor Hearth
• Outdoor Hearth
• Portable Hearth

By Design

• Introduction
• Traditional Hearth
• Modern Hearth
• Sensor
• Burner
• Remote Control System
• Valve Kit
• Other Components

By Ignition Type

• Introduction
• Electronic Ignition
• Intermittent Pilot Ignition (IPI)
• Hot Surface Ignition
• Standing Pilot Ignition

By Vent Availability

• Introduction
• Vented Hearth
• Unvented Hearth

By Application

• Introduction
• Residential
• Commercial
• Hospitality
• Institutional

By Type Of Material

• Introduction
• Brick
• Granite
• Marble
• Stone
• Slate
• Quarry Tiles

Saudi Arabia Hearth Market: FAQs