Hearth market generated an estimated revenue of $11.97 billion in 2014 which is expected to reach $14.39 billion by 2020, at an estimated CAGR of 3.13% between 2015 to 2020.
(PRWEB) February 03, 2015
The hearth market is expected to grow at a CAGR of 3.13% between 2015 and 2020. This market is highly influenced by the government policies. Thus, the market players are aiming to launch products which are compatible with the unconventional fuels such as biomass, in order to comply with the government regulations. Such products are available in the regions such as North America, Latin America and Europe. Due to a colder environment and the presence of major market players, these regions hold the maximum share of the hearth market. Complete report is available at http://www.rnrmarketresearch.com/hearth-market-by-fuel-type-gas-wood-electric-and-other-product-fireplace-stove-and-inserts-by-style-traditional-and-modern-hearth-geography-global-trends-and-forecasts-to-2013-2020-market-report.html .
This overall market has been divided into two segments based on style. These segments are modern and traditional hearths. In these segments, modern style based hearth leads the market. These products are fuel efficient and attractive in design. As a result of this number of customers are preferring modern hearths to add aesthetic value to their home and to utilize economical space heating. This market has also been segmented based on the fuel type used. Gas, electric, wood and others are the fuels which are primarily used in the fireplace market. Furthermore, the electric and gas fuels are expected to drive the hearth market.
The major players in the hearth market includes FPI Fireplace Products International Ltd. (Canada), Vermont Casting Group (U.S), Empire Comfort Systems Inc. (U.S.), Travis Industries (U.S.), Hearthstone Stoves, Vermont Castings Group (HNI Corporation), Napoleon Appliance Corporation & Wolf Steel Ltd and Innovative Hearth Products LLC. (U.S.). Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=276871 .
This report details the value chain for the hearth market by considering all the major stakeholders in the market and their roles in the analysis. The report also provides a detailed study of the Porter’s Five Forces analysis of the markets. The five major factors in these markets have been quantified using the internal key parameters governing each of them. It covers a brief description of the major players that are active in the hearth market. It also covers the competitive landscape of these players which includes the key growth strategies and recent developments.
Scope of the report:
The research report categorizes the hearth market based on the analysis of different products, fuel types, styles and regions.
- Market by Products:
The hearth market has been segmented on the basis of products which include fireplaces, stoves, and inserts.
- Market by Style Type:
The hearth market has been segmented on the basis of style into traditional and modern hearths.
- Market by Fuel Type:
The hearth market has been segmented on the basis of the type of fuel consumed. These segments include gas, electric, wood, and other fuel based hearths.
- Market by Geography:
The hearth market has been segmented by geography into four regions: Americas, Europe, APAC and Rest of World.
The report recognizes the hearth market dynamics like drivers, restrains and opportunities. Apart from the market segmentation, the study captures the market trends in the hearth market, technology road maps and product life cycle analysis. In addition to this, this report also covers the market timelines and competitive landscape which includes the market share analysis and key developments related to the key players.
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