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Hearth Market Size, Share Global forecast (2021-2027)

The global hearth market size was valued at USD 9.3 billion in 2021 and is projected to reach USD 14.8 billion by 2027, registering a CAGR of 7.7% during the forecast period. The availability of numerous standard and customized hearth design options are among the factors driving the growth of the hearth market.<br><br>

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Hearth Market Size, Share Global forecast (2021-2027)

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  1. MarketsandMarkets Presents The report "Hearth Market by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplaces, Inserts, Stoves), Placement, Design, Application, Fireplace Type, Vent Availability, Ignition Type, Material and Region - Global Forecast to 2027", The global hearth market size was valued at USD 9.3 billion in 2021 and is projected to reach USD 14.8 billion by 2027, registering a CAGR of 7.7%The rise in demand for hearth products is also attributed to the increasing demand for aesthetically appealing fireplaces, increasing demand for home automation, and the availability of numerous standard and customized hearth design options.

  2. MarketsandMarkets Presents By application: Residential segment to propel market growth For a residential setup, a hearth is considered more of an esthetic feature, and whether traditional, oversized, or modern-inspired, it adds visual interest to a room and creates a focal point. Hearth products such as fireplaces can help substantially improve the esthetic appeal and overall atmosphere of a living space as they are the areas focal point. Also, adding a modern fireplace, such as an electric hearth, improves the visual attractiveness of a home. In addition, residential hearths are also very prominent to counter cold weather. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37538589 Increasing application areas of hospitality segment to accelerate demand for hearth products After the pandemic, the rise in global travel has increased the demand for better facilities for a comfortable stay, expanding the tourist sector potential, especially in colder weather conditions. Therefore, installing modern fireplaces in restaurants, hotel chains, and cafeterias builds a luxurious experience for customers, which is expected to fuel the growth of the hearth market in hospitality applications.

  3. MarketsandMarkets Presents Europe likely to emerge as the second largest hearth market during forecast period Europe held the second-largest share of ~23% of the hearth market in 2021. This growth is attributed to the increase in the use of several types of heating appliances in houses due to extreme cold weather. Also, the rising demand for eco-friendly, smart connectivity, weather sensors, and artificial intelligence (AI)-based hearth products is boosting the market in Europe.

  4. MarketsandMarkets Presents some of the key players in the hearth market : HNI Corporation (US); Glen Dimplex (Ireland); Napoleon (Canada); Travis Industries (AXIS Industrial Holdings, Inc.) (US); HPC Fire Inspired (US); Montigo (Canada); Stove Builder International (SBI) (Canada); Innovative Hearth Products (US); Empire Comfort Systems (US); GHP Group Inc (US) are some of the key players in the hearth market. View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hearth-market-37538589.html

  5. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  6. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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