Infinium Global Research Hearth Market | Page 8

Hearth Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The market size of hearthis determined based on the top down approach. The market size
is validated using primary interview with the participants working in some of the leading
players in the hearthmarket.The primary interview participants typically includes managers
and CXO level executives of theleading players in this market. The primary interviews not
only help identify the market size of the hearthmarket but also identify the factors that
promote the growth in the market and the factors that restrain the growth in this market.
The views of primary respondents were reconciled to provide qualitative analysis of the
hearthmarket. The primary respondents also help identifying top 5-10 players and their
possible market share in the respective country markets and in world market. The bottom-
up approach is used to validate the global market size of hearth. With the help of primary
interviews and secondary research the market size of Hearthis determined for each country
studied, which then is added to arrive at regional market size and thereby obtaining global
market size. This in turn helps us to validate the market size of hearthin the world market.
Executive Summary
Global Hearth Market Highlights, (USD Million)
The global Hearthmarket is expected to grow at a CAGR of 2.9 % between 2018 and 2024 in
terms of value.The major factors driving the growth of the market include cold weather
conditions and the rising trend for the home décor. Additionally, modern fireplaces have
enhanced efficiency, thus giving rise to the number of hearths. The evidences that hearths
are economical in nature, need low maintenance, and installation costs are lifting their
demand globally. However, traditional hearths are not eco-friendly and growing
environmental sustainability concerns will restrain the market growth Moreover, hearths
have applications over hospitality, commercial and industrial sector which are growing
opportunities for the key players in hearth market.
The leading players in the global Hearthmarket include Napoleon Products (Wolf Steel Ltd.)
, Hearthstone Stoves , Empire Comfort Systems, Inc, Travis Industries Inc. , HNI Corporation,
Hearth Products Controls Co. , Montigo , Pacific Energy, FPI Fireplace Products International
Ltd. , and Innovative Hearth Products LLC.
© Infinium Global Research
Page 8