The latest research report entitled Hearth Market (by product (insert, fireplace, stove), fuel type (electric, gas, wood), design (traditional and modern), application (commercial, institutions, hospitality, residential)) provides complete and deep insights into the market dynamics and growth of hearth. the latest information on market risks, industry chain structure hearth cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential hearth growth factors. According to a 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.
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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 evidence that hearths are economical in nature to 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 the hospitality, commercial and industrial sectors which are growing opportunities for the key players in the hearth market.
The report on the 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.
Major Key Players Mentioned in this Premium Report
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.
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The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global hearth market. Moreover, the IGR-Growth Matrix analysis given in the report brings an insight into 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 the 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 into the market share of the leading players. Additionally, the analysis highlights the 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.