“Hearth products have been primarily used for space heating market since their inception. The hearth market has undergone a phase of transformation leading to the launch of several advanced, efficient, and superior hearth products are in the said market. This overall market has been divided into two segments based on style. These segments are modern and traditional hearths. In these segments, modern style based hearth leads the market. These products are fuel efficient and attractive in designs. As a result, more number of customers are preferring modern hearths to add aesthetic value to their home and to utilize economical space heating. This market has also been segmented based on the fuel type used. Gas, electric, wood, and others are the fuels which are primarily used in the fireplace market. Furthermore, the electric and gas fuels are expected to drive the hearth market.
The hearth market is expected to grow at a CAGR of 3.13% between 2015 and 2020. This market is highly influenced by the government policies. Thus, market players are aiming to launch products which are compatible to unconventional fuels such as biomass, in order to comply with government regulations. such products are available across regions especially the North and Latin American countries and Europe. Due to a colder environment and presence of major market players, these regions hold the maximum share of the hearth market.
The major players in the hearth market include Hearth & Home Technologies, Inc. (U.S.), FPI Fireplace Products International Ltd. (Canada), Vermont Casting Group (U.S), Empire Comfort Systems, Inc. (U.S.), Hearth and Home Technologies, Inc. Inc. (U.S.), Travis Industries (U.S.), and Innovative Hearth Products LLC. (U.S.).
This report details the value chain for the hearth market by considering all the major stakeholders in the market and their roles in the analysis. The report also provides a detailed study of the Porter’s Five Forces analysis of the market. The five major factors in these markets have been quantified using the internal key parameters governing each of them. It covers a brief description of the major players that are active in the hearth market. It also covers the competitive landscape of these players which includes the key growth strategies and recent developments.
Scope of the report
The research report categorizes the hearth market based on the analyses of different products, fuel types, styles, and regions.
Market by Products:
The hearth market has been segmented on the basis of products which include fireplaces, stoves, and inserts.
Market by Style Type:
The hearth market has been segmented on the basis of style into traditional and modern hearths.
Market by Fuel Type:
The hearth market has been segmented on the basis of the type of fuel consumed. These segments include gas, electric, wood, and other fuel based hearths.
Market by Geography:
The hearth market has been segmented by geography into four regions: Americas, Europe, APAC, and Rest of world.
The report “Global Hearth Market†recognizes the hearth market dynamics like drivers, restrains, and opportunities. Apart from the market segmentation, the study captures the market trends in the hearth market, technology roadmaps, and product life cycle analysis. In addition to this, this report also covers the market timelines and competitive landscape which includes the market share analysis and key developments related to the key players.
”
“TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data From Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE ANALYSIS
2.2.2.1 Average Annual Heating Fuels Expenditure, Demand and price Trends
2.2.2.1.1 Natural Gas
2.2.2.1.2 Electricity
2.2.2.1.3 Heating Oil
2.2.2.1.4 Propane
2.2.2.2 Government Funding Programs for Low-Income Households
2.2.2.3 Increased Usage Of Biomass Fuels To Reduce Reliance On Fossil Fuels
2.2.3 SUPPLY-SIDE ANALYSIS
2.2.3.1 EPA certification mandates for hearth appliances to reduce ‘Hazardous Air Pollutants
2.2.3.2 Manufacturers are experiencing soaring demand for pellet-based and gas-based hearth appliances
2.2.4 MARKET SIZE ESTIMATION
2.2.5 BOTTOM-UP APPROACH
2.2.6 TOP-DOWN APPROACH
2.2.7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.3 RESEARCH ASSUMPTIONS
2.3.1 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL HEARTH MARKET
4.2 HEARTH MARKET – TOP FUEL USE SEGMENTS, BY TYPE
4.3 HEARTH MARKET IN THE NORTH AMERICA REGION
4.4 EUROPE: FRANCE IS LIKELY TO BE THE NEXT EMERGING MARKET FOR HEARTHS
4.5 HEARTH MARKET: PRODUCT TYPES (2015)
4.6 HEARTH MARKET: GAS HEARTH MARKET VS. ELECTRICITY HEARTH MARKETS
4.7 GLOBAL HEARTH PRODUCT MARKET (2020)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 THE EVOLUTION OF HEARTH MARKET
5.3 MARKET SEGMENTATION
5.3.1 HEARTH MARKET: BY FUEL TYPE
5.3.1.1 By product type
5.3.1.2 By style
5.3.1.3 By region
5.4 MARKET DYNAMICS
5.4.1 DRIVERS
5.4.1.1 Weather conditions necessitate the usage of heating devices
5.4.1.2 More aesthetic and designer house being developed
5.4.1.3 Introducing solar energy combined with hearth products
5.4.2 RESTRAINTS
5.4.2.1 Government regulation
5.4.2.2 Substitutes like boiler and space heating
5.4.3 OPPORTUNITIES
5.4.3.1 Emerging automation technology
5.4.3.2 Gel based hearth products
5.4.4 CHALLENGES
5.4.4.1 Additional cost incurred on technological advancement
5.4.4.2 Buyer knowledge
5.5 VALUE CHAIN ANALYSIS
5.6 INDUSTRY TECHNOLOGIES, STANDARDS, AND TRENDS
5.7 STRATEGIC BENCHMARKING
5.7.1 TECHNOLOGY INTEGRATION & PRODUCT ENHANCEMENT
6 HEARTH MARKET, BY FUEL TYPE
6.1 INTRODUCTION
6.2 GAS
6.3 WOOD
6.4 ELECTRIC
6.5 OTHERS
7 HEARTH MARKET, BY PRODUCT
7.1 INTRODUCTION
7.1.1 FIREPLACES
7.1.2 STOVES
7.1.3 INSERTS
8 HEARTH MARKET, BY STYLE
8.1 INTRODUCTION
8.2 TRADITIONAL HEARTHS
8.3 MODERN HEARTHS
9 HEARTH MARKET, BY GEOGRAPHY
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 THE U.S.
9.2.2 CANADA
9.3 EUROPE
9.3.1 THE U.K.
9.3.2 GERMANY
9.3.3 FRANCE
9.3.4 OTHER COUNTRIES
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 SOUTH KOREA
9.4.4 OTHER COUNTRIES
9.5 ROW
9.5.1 LATIN AMERICA
9.5.2 MIDDLE EAST
9.5.3 AFRICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS: HEARTH MARKET
10.3 COMPETITIVE SITUATION AND TRENDS
10.4 NEW PRODUCT LAUNCHES
10.5 AGREEMENTS, EXPANSIONS, AND PARTNERSHIPS, 2010-2014
10.6 ACQUISITIONS
11 COMPANY PROFILES
(Overview, Products and Services, Financials, Strategy & Development)*
11.1 HEARTH & HOME TECHNOLOGIES, INC
11.2 FPI FIREPLACE PRODUCTS INTERNATIONAL LTD.
11.3 TRAVIS INDUSTRIES INC.
11.4 EMPIRE COMFORT SYSTEM, INC.
11.5 INNOVATIVE HEARTH PRODUCTS LLC
11.6 NAPOLEON APPLIANCE CORPORATION & WOLF STEEL LTD.
11.7 HEARTH PRODUCT CONTROL COMPANY
11.8 HEARTHSTONE STOVES
11.9 VERMONT CASTINGS GROUP (HNI CORPORATION)
11.1 PACIFIC ENERGY FIREPLACE AND STOVES LTD
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
12 APPENDIX
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
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“LIST OF TABLES
TABLE 1 COMPARISON OF ENERGY PRODUCED PER UNIT WEIGHT FOR DIFFERENT FUELS
TABLE 2 LOWEST TEMPERATURE FOR MAJOR COUNTRIES AROUND THE WORLD DURING WINTER 2014
TABLE 3 GLOBAL HEARTHS MARKET SIZE, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 4 GAS HEARTHS MARKET SIZE, BY PRODUCT, 2015-2020 ($MILLION)
TABLE 5 GAS HEARTHS MARKET SIZE, BY STYLE TYPE, 2015-2020, ($MILLION)
TABLE 6 GAS HEARTHS MARKET SIZE, BY REGION, 2015-2020 ($MILLION)
TABLE 7 WOOD-BASED HEARTHS MARKET SIZE, BY PRODUCT, 2015-2020 ($MILLION)
TABLE 8 WOOD-BASED HEARTHS MARKET SIZE, BY TYPE, 2015-2020 ($MILLION)
TABLE 9 WOOD-BASED HEARTHS MARKET SIZE, BY REGION, 2015-2020 ($MILLION)
TABLE 10 ELECTRIC HEARTHS MARKET SIZE, BY PRODUCT, 2015-2020 ($MILLION)
TABLE 11 ELECTRIC HEARTHS MARKET SIZE, BY TYPE, 2015-2020 ($MILLION)
TABLE 12 ELECTRIC HEARTHS MARKET SIZE, BY REGION, 2014-2020 ($MILLION)
TABLE 13 OTHERS FUELS MARKET SIZE, BY PRODUCT, 2015-2020 ($MILLION)
TABLE 14 OTHERS FUELS MARKET SIZE, BY TYPE, 2015-2020 ($MILLION)
TABLE 15 OTHERS FUELS MARKET SIZE, BY REGION, 2015-2020 ($MILLION)
TABLE 16 HEARTHS MARKET SIZE, BY PRODUCT, 2015–2020 ($MILLION)
TABLE 17 FIREPLACES MARKET SIZE, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 18 FIREPLACES MARKET SIZE, BY TYPE, 2015–2020 ($MILLION)
TABLE 19 FIREPLACES MARKET SIZE, BY REGION, 2015–2020 ($MILLION)
TABLE 20 STOVES MARKET SIZE, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 21 STOVES MARKET SIZE, BY TYPE, 2015–2020 ($MILLION)
TABLE 22 STOVES MARKET SIZE, BY REGION, 2015–2020 ($MILLION)
TABLE 23 INSERTS MARKET SIZE, BY FUEL TYPE, 2015–2020 ($MILLION )
TABLE 24 INSERTS MARKET SIZE, BY TYPE, 2015–2020 ($MILLION)
TABLE 25 INSERTS MARKET, BY REGION, 2015–2020 ($MILLION)
TABLE 26 GLOBAL HEARTH MARKET, BY SIZE, 2015–2020 ($ MILLION)
TABLE 27 TRADITIONAL HEARTH MARKET SIZE, BY FUEL TYPE, 2015-2020, ($ MILLION)
TABLE 28 TRADITIONAL HEARTH MARKET, BY PRODUCT, 2015–2020, ($MILLION)
TABLE 29 TRADITIONAL HEARTH MARKET, BY REGION, 2015–2020 ($ MILLION)
TABLE 30 MODERN HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 31 MODERN HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 32 MODERN HEARTH MARKET, BY GEOGRAPHY, 2015–2020 ($MILLION)
TABLE 33 GLOBAL HEARTH MARKET SIZE, BY REGION, 2015 – 2020 ($MILLION)
TABLE 34 NORTH AMERICA: HEARTH MARKET SIZE, BY COUNTRY, 2015– 2020 ($MILLION)
TABLE 35 NORTH AMERICA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 36 NORTH AMERICA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 37 NORTH AMERICA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 38 U.S.: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 39 U.S.: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 40 U.S.: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 41 CANADA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 42 CANADA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 43 CANADA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 44 EUROPE: HEARTH MARKET SIZE, BY COUNTRY, 2015 – 2020 ($MILLION)
TABLE 45 EUROPE HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 46 EUROPE HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 47 EUROPE HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 48 U.K.: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 49 U.K.: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 50 U.K.: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 51 GERMANY: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 52 GERMANY: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 53 GERMANY: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 54 FRANCE: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 55 FRANCE: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 56 FRANCE: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 57 OTHERS: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 58 OTHERS: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 59 OTHERS: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 60 ASIA PACIFIC: HEARTH MARKET SIZE, BY COUNTRY, 2015 – 2020 ($MILLION)
TABLE 61 ASIA PACIFIC: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 62 ASIA PACIFIC: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 63 ASIA PACIFIC: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 64 CHINA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 65 CHINA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 66 CHINA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 67 JAPAN: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 68 JAPAN: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 69 JAPAN: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 70 SOUTH KOREA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 71 SOUTH KOREA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 72 SOUTH KOREA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 73 OTHERS: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 74 OTHERS: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 75 OTHERS: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 76 ROW: HEARTH MARKET SIZE, BY COUNTRY, 2015 – 2020 ($MILLION)
TABLE 77 ROW: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 78 ROW: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 79 ROW: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 80 LATIN AMERICA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 81 LATIN AMERICA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 82 LATIN AMERICA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 83 MIDDLE EAST: HEARTH MARKET, BY FUEL TYPE, 2014–2020 ($MILLION)
TABLE 84 MIDDLE EAST: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 85 MIDDLE EAST: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 86 AFRICA: HEARTH MARKET, BY FUEL TYPE, 2015–2020 ($MILLION)
TABLE 87 AFRICA: HEARTH MARKET, BY PRODUCT TYPE, 2015–2020 ($MILLION)
TABLE 88 AFRICA: HEARTH MARKET, BY STYLE TYPE, 2015–2020 ($MILLION)
TABLE 89 NEW PRODUCT LAUNCHES, 2010–2014
TABLE 90 AGREEMENTS, EXPANSIONS, AND PARTNERSHIPS, 2010-2014
TABLE 91 ACQUISITIONS, 2010–2014
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“LIST OF FIGURES
FIGURE 1 RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 ASSUMPTIONS OF THE RESEARCH STUDY
FIGURE 5 GLOBAL HEARTH MARKET, 2015–2020, ($MILLION)
FIGURE 6 MARKET SIZE COMPARISON OF HEARTH MARKET, BY FUEL TYPE,2015 AND 2020, ($MILLION)
FIGURE 7 GLOBAL HEARTH MARKET EXPECTED TO SHOW POSITIVE GROWTH IN THE FUTURE
FIGURE 8 ELECTRICITY FUEL TYPE LIKELY TO GROW AT THE FASTEST RATE
FIGURE 9 CANADA HOLDS THE MAXIMUM SHARE IN THE HEARTH MARKET
FIGURE 10 FRANCE IS THE NEXT EMERGING MARKET FOR HEARTHS IN EUROPE
FIGURE 11 NORTH AMERICA TO DOMINATE ACROSS ALL SEGMENTS IN THE HEARTH MARKET DURING THE FORECAST PERIOD
FIGURE 12 ELECTRICITY-BASED HEARTHS LIKELY TO REGISTER THE HIGHEST GROWTH
FIGURE 13 FIRE PLACE AND INSERTS LIKELY TO CONTINUE TO LEAD THE HEARTH PRODUCT MARKET
FIGURE 14 THE EVOLUTION OF HEARTH MARKET BETWEEN 1955 AND2 014
FIGURE 15 HEARTH MARKET SEGMENTATION: BY FUEL TYPE
FIGURE 16 HEARTH MARKET SEGMENTATION: BY PRODUCT
FIGURE 17 HEARTH MARKET SEGMENTATION: BY STYLE
FIGURE 18 HEARTH MARKET: BY GEOGRAPHY
FIGURE 19 GOVERNMENT SAFETY REGULATIONS TO PROPEL THE DEMAND IN THE HEARTH MARKET
FIGURE 20 VALUE CHAIN ANALYSIS (2013): MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND TESTING PHASE
FIGURE 21 LEADING TREND IN THE HEARTH MARKET
FIGURE 22 STRATEGIC BENCHMARKING: INORGANIC GROWTH STRATEGIES OF ACQUISITION ADOPTED BY KEY PLAYERS
FIGURE 23 HEARTHS MARKET SEGMENTATION, BY FUEL
FIGURE 24 ELECTRIC HEARTH PRODUCTS LIKELY TO SPEARHEAD MARKET GROWTH
FIGURE 25 GAS HEARTHS MARKET TO CROSS THE $5.4 BILLION MARK, BY 2020
FIGURE 26 ELECTRIC HEARTHS MARKET SNAPSHOT
FIGURE 27 OTHER FUELS USED IN HEARTHS
FIGURE 28 SEGMENTATION: HEARTH MARKET, BY PRODUCT
FIGURE 29 FIREPLACES MARKET TO WITNESS THE HIGHEST GROWTH RATE
FIGURE 30 ELECTRIC & GAS FIREPLACES HAVE AN EDGE OVER OTHER FUEL TYPES
FIGURE 31 MODERN HEARTHS ARE EXPECTED TO SHOW A SIGNIFICANT GROWTH, WITH A HIGHER CAGR
FIGURE 32 MODERN HEARTHS: MARKET SNAPSHOT
FIGURE 33 GEOGRAPHIC SNAPSHOT (2015)
FIGURE 34 GLOBAL HEARTH MARKET SNAPSHOT (2015)
FIGURE 35 NORTH AMERICAN HEARTH MARKET SNAPSHOT (2015)
FIGURE 36 EUROPE HEARTH MARKET SNAPSHOT (2015)
FIGURE 37 ASIA-PACIFIC HEARTH MARKET SNAPSHOT (2015)
FIGURE 38 HEARTH INDUSTRY PLAYERS PREFER NEW PRODUCT LAUNCHES AS A KEY STRATEGY FOR BUSINESS EXPANSION
FIGURE 39 HNI CORPORATION- GREW AT THE FASTEST RATE BETWEEN 2008-2013
FIGURE 40 HEARTH MARKET SHARE, BY KEY PLAYER, 2013
FIGURE 41 KEY GROWTH STRATEGIES ADOPTED BY THE MARKET PLAYERS BETWEEN 2011 AND 2014
FIGURE 42 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES COMPRISE THE KEY STRATEGY
FIGURE 43 COMPETITIVE BENCHMARKING OF KEY MARKET PLAYERS (2008-2013): HNI CORPORATION EMERGED AS THE LEADER WITH A HIGH GROWTH RATE
FIGURE 44 HEARTH & HOME TECHNOLOGIES, INC.: BUSINESS OVERVIEW
“
