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Chimney Caps Market Product Estimates & Strategy Framework, Forecasts, 2018-2025
The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape. According to the report, the global chimney caps market garnered $112.1 million in 2017 and is expected to reach $128 million by 2025, registering a CAGR of 1.6% from 2018 to 2025.
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North America serves as the most productive region as compared to others with diverse industry verticals significantly investing in chimney caps. In addition, various domestic players are investing in the residential construction sector, which is anticipated to boost the demand for chimneys.
Single-flue segment to dominate, multi-flue to grow the fastest through 2025
Among types, the single-flue segment accounted for more than half of the market share in 2017 and would maintain its dominance through 2025. This is due to the growing awareness about the valuable usage of single-flue chimney caps such as affordability, and easy installation in residential sectors such as homes.
North America to be dominant through 2025
The market in North America contributed nearly half of the total market share in 2017 and is anticipated to continue its dominance through 2025. This is due to the presence of key manufacturing companies and large investment in the chimney manufacturing sector.
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Key Findings of the Chimney Caps Market:
• In 2017, the single flue segment dominated the global chimney caps market, in terms of revenue, and is projected to grow at a favorable CAGR during the forecast period.
• The residential segment holds the dominant position in the market and is projected to grow at a suitable CAGR during the forecast period.
• Europe is projected to register a substantial growth rate in the upcoming years.
• In North America, U.S. accounted for the largest market share in 2017.
The key market players analyzed in the report include Artis Metals Company Inc., Chim Cap Corp, Chimney King, Fireplace Essentials, GLL, HY-C, National Chimney, Olympia Chimney Supply Inc., Owens Chimney Systems Inc., and Stromberg. These companies have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.
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