Hearth Market by Fuel Type, Product, Style & Geography - Global trends and forecasts to 2013 - 2020
March 06 2015 - 3:46AM
Research and Markets
(http://www.researchandmarkets.com/research/sctvmd/hearth_market_by)
has announced the addition of the "Hearth Market by Fuel Type,
Product by Style & Geography - Global trends and forecasts to
2013 - 2020" report to their offering. The hearth market is
expected to grow at a CAGR of 3.13% between 2014 and 2020. In the
report, the drivers, restraints, and opportunities for the market
have been covered. The major driving factors for this market are
the integration of the market and various related technological
advancements.
Currently, the hearth market is undergoing a phase of
transformation due to the launch of state-of-the-art products along
with, the addition of numerous features into the same. Such,
advanced products are widening the customer base of this market.
Previously hearths and fireplaces were used for space heating;
however due to attractive designs and usage of modern materials
such as marbles, stones, and tiles , hearths products are also
being used to enhance the aesthetic appeal of homes. Due to colder
weather conditions, hearth products are in huge demand in regions
such as the Americas and Europe. North America is the primary
consumer in the hearth market. In 2014, it accounted for 60.74% of
market share in the said market.. However, only companies can
improve their market presence in the Americas. Europe is the second
largest consumer of this product. In 2014, this region accounted
for 24.77% of the market share. The increase in customer base and
preference for luxury houses is generating a substantial demand in
this market. In APAC, hearth products are being used by specific
countries such as Japan, China, and South Korea. Growth of electric
and gas based hearths is supporting this market to increase its
customer base by better fuel efficiency and cost effectiveness. In
the coming years, the energy prices are expected to be high and the
disposable income is projected to increase. As a result, consumers
would have surplus money to spend on luxury items such as hearths.
There is an increasing trend of using luxurious products to enhance
the aesthetic value of homes.. The hearth market is heavily
influenced by the energy prices, consumer confidence, and seasonal
weather trends. The following graph depicts the expected growth of
this market till 2020. Key Topics Covered: 1
Introduction 2 Research Methodology 3 Executive Summary 4 Premium
Insights 5 Market Overview 6 Industry Trends 7 Hearth Market, By
Fuel Type 8 Hearth Market, By Product 9 Hearth Market, By Style 10
Hearth Market, By Geography 11 Competitive Landscape 12 Company
Profiles - Empire Comfort System, Inc. - FPI Fireplace Products
International Ltd. - Hearth & Home Technologies, Inc - Hearth
Product Control Company - Hearthstone Stoves - Innovative Hearth
Products LLC - Napoleon Appliance Corporation & Wolf Steel Ltd.
- Pacific Energy Fireplace and Stoves Ltd - Travis Industries Inc.
- Vermont Castings Group (HNI Corporation) For more information
visit
http://www.researchandmarkets.com/research/sctvmd/hearth_market_by
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Sector: Energy and Natural Resources, Household