New York, June 19, 2024 (GLOBE NEWSWIRE) -- The size is expected to reach by 2024 and is further anticipated to reach by 2033 according to Dimension Market Research. The market is anticipated to register a CAGR of from 2024 to 2033. The hearth, forming the base of the fireplace and often extending into the room, is typically made from non-combustible materials such as tile, stone, or brick.
These structures serve both functional and decorative purposes, creating a safe area around the fireplace and enhancing the aesthetic appeal of the living space. The ambiance and visual charm provided by hearths are gaining popularity among homeowners and hotel proprietors. The global hearth market is experiencing notable growth, fueled by its increasing adoption in the commercial and hospitality sectors.
The installation of hearths in outdoor spaces is a key factor driving this market expansion. Additionally, the growing preference for aesthetically pleasing fireplace designs and the rising demand for home automation are significant drivers of market growth. The residential segment is anticipated to dominate the hearth market with the highest revenue share of in 2024, primarily due to its aesthetic contribution to home décor.
Homeowners increasingly seek to create a cozy and inviting atmosphere in their living spaces, using hearths as focal points to enhance interior design. The availability of hearths in various forms, from traditional wood-burning types to modern electric and gas opti.
