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Hearth Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • Published : April, 2018

  • Rep Id : CGP0035

  • Category : Consumer Goods and Packaging

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Hearth Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Hearth Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Hearth Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

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.

hearth market


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:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global hearth market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of hearth market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the hearth market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the hearth market to understand the present and future trends in this market and formulate their strategies accordingly.

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