Fireplace Mantels Market to Exhibit a Remarkable CAGR of 5.75% by 2029

Data Bridge Market Research analyses that the global fireplace mantel market will project a CAGR of 5.75% for the forecast period of 2022-2029. Growth in the demand for elegant refined spaces, growth and expansion of buildings and construction industry especially in the developing economies, ever-rising demand for house decorative materials coupled with increasing personal disposable income are the major factors attributable to the growth of fireplace mantel market.

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Also known as mantelpiece and chimney piece, fireplace mantel is a decorative framework that comes in a wide range of shapes, sizes and designs. In other words, fireplace mantel is a protective frame that is installed on the top of fireplace. Traditionally the fireplace mantels were used to catch smoke before it entered the room. However, in the modern era, fireplace mantels are used for decorative and aesthetic purposes. Generally, items such as capitals, moldings, brackets, figurines, animals, fruits and vegetation are used to decorate to fireplace mantel.

Increased number of home redecorating, redesigning and renovation projects and changing lifestyles of humans especially in the developing economies are the major factors fostering growth of the fireplace mantel market. Rising regarding changing fashion trends via various social networking platforms and growing brand awareness will further create lucrative growth opportunities for the fireplace mantel market. Growing urbanization, rising penetration of e-commerce platforms, growing travel and tourism industry, aim to preserve the traditional values and growing focus of the major manufacturers on technological advancements are other important factors bolstering the fireplace mantel market growth rate.

However, intense pricing pressure over the manufacturers and fluctuations in the prices of raw materials will pose a major challenge to the growth of fireplace mantel market. Availability of counterfeit products made of cheap raw materials will further derail the fireplace mantel market growth rate. Lack of strong distribution network in the backward areas will further restrict the scope of growth for the fireplace mantel market.

This fireplace mantel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fireplace mantel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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