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Hearth Market Size Share Global forecast to 2025

The global hearth market is estimated to be USD 7.7 billion in 2020 and projected to reach USD 9.7 billion by 2025; at a CAGR of 4.7%.<br><br>Key factors fueling the growth of this market include The key drivers fueling the growth of this market include increasing demand for aesthetically appealing fireplaces, growing adoption of hearths in and around houses to counter extremely cold weather, availability of numerous standards and customized hearth design options, growing adoption in non-residential applications such as hotels, cafes, and restaurants.

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Hearth Market Size Share Global forecast to 2025

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  1. MarketsandMarkets Presents Hearth Market with COVID-19 Impact Analysis by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplace, Insert, Stove), Placement, Design, Application, Fireplace Type, Vent Availability, Ignition Type, Material, and Region - Global Forecast to 2025 The global hearth market is estimated to be USD 7.7 billion in 2020 and projected to reach USD 9.7 billion by 2025; at a CAGR of 4.7%. 

  2. MarketsandMarkets Presents The fireplace segment to hold the largest market share in 2025 The fireplace segment of the hearth market, by product is estimated to hold the largest market share in 2025. Fireplaces are among the oldest forms of hearth appliances used in many North American and European houses. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37538589 Historically, fireplaces were used for cooking, heating water for laundry, and other domestic purposes. Modern fireplaces are adopted at a high rate because of their low emission rate, better fuel efficiency, and attractive features. This is expected to drive the market growth of fireplaces in coming years.

  3. MarketsandMarkets Presents The pellet segment to register higher CAGR during the forecast period The pellet segment of the hearth market, by fuel type, is projected to register the highest CAGR during the forecast period. Pellet-based hearths produce less air pollution and have low heating costs. Some of the other benefits offered by pellet-based hearth include adjustable heating through the use of thermostats, fuel flexibility, ease of operation, and tax credit and related benefits on purchase of pellet stoves, fireplaces, and inserts. These factors together are expected to boost the demand for pellet-based hearth products.

  4. MarketsandMarkets Presents North America is projected to hold the largest share of the hearth market in 2025 North America is expected to hold the largest share of the hearth market in 2025. The US is the largest consumer within the North American market, followed by Canada. The colder climates and technological advancements in these countries have enabled them to lead the hearth market. The adoption of advanced technologies is growing rapidly in the US market due to climatic conditions. The large market size for hearths in the US can be attributed to the high adoption of electric and gas fireplaces along with the rapid adoption of alternative fuel-based hearths, e.g., pellet-based hearths. The rapid growth of the market size of hearths in Canada is mainly due to the increasing demand for contemporary style hearth designs among consumers. These developments together are expected to drive the market growth of hearth market in North America.

  5. MarketsandMarkets Presents HNI Corporation (US), Travis Industries (Canada), Napoleon Fireplaces (Canada), Hearth Product Controls Company (HPC), Montigo (Canada), Innovative Hearth Products (IHP) (US), Empire Comfort Systems (US), GHP Group, Inc. (US), Hearthstone Quality Home Heating Products, Inc. (US), Stove Builder International (SBI) (Canada), Glen Dimplex (Ireland), and RH Peterson (US) are the key players in the global hearth market. 

  6. MarketsandMarkets Presents Excavators are expected to hold the largest size of the machine control system market by 2025 Excavators usually have a control system mounted on them to enhance flexibility, accuracy, and efficiency at the construction site. Companies such as Trimble Inc. (US) and Hexagon (Switzerland) offer excavators installed with 2D and 3D control systems or grade control systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62579001 Advanced 3D guidance systems equipped with GNSS technology guide operators with design information and real-time cut/fill indications are displayed on the control panel

  7. 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.

  8. 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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