Press release
Hearth Market Size 2023: Global Industry Analysis, Segments, Drivers And Trends To 2032
Hearth Market
As per the hearth market report by The Business Research Company, increasing adoption of hearths, particularly in countries with extremely cold weather conditions is expected to drive growth for the hearth market. A hearth is a convenient option for heating in rooms and it also helps in lowering electricity bills as compared to other space heating systems in countries with extreme cold temperatures
The global hearth market size grew from $12.38 billion in 2022 to $12.91 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hearth market size is expected to grow to $14.51 billion in 2027 at a CAGR of 3.0%.
Read More On The Hearth Market Report Here:
https://www.thebusinessresearchcompany.com/report/hearth-global-market-report
Major competitors in the hearth market include HNI Corporation, Pacific Energy, Empire Comfort Systems Inc., Napoleon Products, FPI Fireplace Products International Ltd., Innovative Hearth Products LLC, Travis Industries Inc., Montigo, GHP Group Inc., Glen Dimplex, Stove Builder International (SBI), Hearthstone Quality Home Heating Products Inc., RH Peterson Co., Barbas Bellfires, BFM Europe Ltd., Boley, Stellar Hearth Products Inc., Element4, Hearth Products Controls Co., European Home, and Wilkening Fireplace
The hearth market is segmented -
By Product: Fireplace, Stove, Insert
By Fuel Type: Gas, Electricity, Wood, Pellet
By Design: Tradtional, Modern
By Placement: Indoor, Outdoor, Portable
By Application: Commercial, Residential, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hearth market.
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A hearth is a brick or stone-lined fireplace that might have an oven occasionally and is used for heating the room and for cooking or heating water. It is made from a non-combustible material and is used for protecting the floor from sparks, burning logs, radiant heat, and flying embers that may roll out of the fireplace.
The Table Of Content For The Hearth market Include:
1. Executive Summary
2. Hearth Market Characteristics
3. Hearth Market Trends And Strategies
4. Hearth Market - Macro Economic Scenario
5. Hearth Market Size And Growth
.......
26. Africa Hearth Market
27. Hearth Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hearth Market
29. Hearth Market Future Outlook and Potential Analysis
30. Appendix
The "Global Hearth market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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