A recent report published by
Infinium Global Research on hearth market provides in depth analysis of
segments and sub-segments in global as well as regional markets of hearth
market. The study also highlights the impact of drivers, restraints and macro
indicators on the global and regional markets of hearth over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global hearth market. According to report the
global hearth market was valued at USD 15.89 Billion in 2016, and expected to
reach USD 19.66 Billion by 2024 with a CAGR of 2.9% between 2018 and 2024.
Market Insights
The major factors driving the
growth of the market include cold weather conditions and the rising trend for
the home décor. Additionally, modern fireplaces have enhanced efficiency, thus
giving rise to the number of hearths. The evidences that hearths are economical
in nature, need low maintenance, and installation costs are lifting their
demand globally. However, traditional hearths are not eco-friendly and growing
environmental sustainability concerns will restrain the market growth Moreover,
hearths have applications over hospitality, commercial and industrial sector
which are growing opportunities for the key players in hearth market.
Segments Covered
The report on global hearth
market covers segments such as product, fuel type, design and application. The
product segments include insert, fireplace and stove. On the basis of fuel type
the global hearth market is categorized into electric, gas, wood and others.
Furthermore, on the basis of design the hearth market is segmented as
traditional and modern. On the basis of application the hearth market is
segmented as commercial, institutions and hospitality and residential.
Geographic Coverage
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2016 – 2024. The countries covered in
the North America region include the U.S., Canada, and Mexico; while
Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among
others. Moreover, European region covers countries such as Germany, UK, France,
Spain, and rest of Europe. The U.S. drives the growth in the North America
region as it is the largest market in the region. The Asia-pacific region
offers a substantial potential for the market growth owing to rapid growth in
markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2018 - 2024.
Companies Profiled:
The report provides profiles of
the companies in the global hearth market such as, Napoleon Products (Wolf
Steel Ltd.) , Hearthstone Stoves , Empire Comfort Systems, Inc,
Travis Industries Inc. , HNI Corporation, Hearth Products Controls
Co. , Montigo , Pacific Energy, FPI Fireplace Products International
Ltd. , and Innovative Hearth Products LLC.
Report Highlights:
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