Hearth Market Set For 2.5% CAGR To 2021 Dominated By European Region

The hearth market size is expected to reach USD 18.43 billion by 2022, at a CAGR of 2.5% between 2016 and 2022 driven by Growing demand for aesthetic home décor among the customers while Hospitality application is likely to grow at the highest rate.

Pune, India - September 21, 2016 /MarketersMedia/ —

On the basis of volume, the market is expected to register a shipment of 6,877.38 thousand units by 2022, at a CAGR of 4.1% during the forecast period. The hearth products are efficient space heaters and popular as home decor. There are designer hearths which are in high demand and are available in the market. These products hold a certain appeal to people who still want decorative hearths in their houses, even in the era of central heating systems.

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The recreational places such as hotels, restaurants, bars, and cafes install indoor and outdoor hearths to provide customers a good experience, comfort, and artistic appeal. They even install their grilling and barbeque set up in the outdoors to give the customers a better dining experience. Even hospitals are installing hearth appliances for the comfort of patients.

The European region holds growth potential for the market in the near future and is expected to grow at the highest CAGR during the forecast period. The major reason for this is the extreme cold weather which necessitates the adoption of various heating appliances in and around the houses. The home builders and interior designers also use the hearth products due to the aesthetic appeal of the bright flame of fireplaces.

Companies that provide a range of modern fireplaces with customized solutions are expected to emerge as the game changers in this market. The key players in the hearth market profiled in this report such as HNI Corporation (U.S.), Travis Industries Inc. (U.S.), Innovative Hearth Products LLC (U.S.), FPI Fireplace Products International Ltd. (Canada), Napoleon Products (Canada), Empire Comfort Systems, Inc. (U.S.), Hearth Products Controls Co. (U.S.), Hearthstone Stoves (U.S.), Montigo (Canada) and Pacific Energy (Canada). Order a copy of Hearth Market by Fuel Type (Gas, Wood, and Electricity), Product (Fireplace, Stove, and Insert), Design (Traditional, and Modern), Placement (Indoor, Outdoor, and Portable), Technology, Application, and Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=335289 .

In the process of determining and verifying, hearth market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (35%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global hearth market. The primary interviews were conducted worldwide covering regions such as North America (43%), Europe (29%), APAC (14%) and Rest of World (14%).

On a related note, another research on 3D Concrete Printing Market Forecast to 2021 says, increasing focus on less waste generation and green technology buildings to drive the 3D concrete printing market. Domestic sector projected is to grow at the highest rate during the forecast period. The overall market size is projected to grow from USD 24.5 million in 2016 to reach USD 56.4 million by 2021; at a projected CAGR of 15.02%. Europe is projected to dominate the 3D concrete printing market in 2021. Companies like http://www.reportsnreports.com/reports/567881-3d-concrete-printing-market-by-product-type-walls-floors-roofs-panels-lintels-by-concrete-type-ready-mix-high-density-precast-shotcrete-by-software-design-inspection-printing-by-end-use-sector-architectural-industrial-domestic-by-region-forecast-to-2021.html .

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