Chimney Caps Market to Reach $128 Million, Globally, by 2025 at 1.6% CAGR, Says AMR

Chimney Caps Market to Reach $128 Million, Globally, by 2025 at 1.6% CAGR, Says AMR

PR Newswire

PORTLAND, Oregon, March 14, 2019

PORTLAND, Oregon, March 14, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, Chimney Caps Market by Type (Single Flue and Multi Flue) and Application (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2018 - 2025. The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape. According to the report, the global chimney caps market garnered $112.1 million in 2017 and is expected to reach $128 million by 2025, registering a CAGR of 1.6% from 2018 to 2025.

Allied_Market_Research

Rise in awareness of the benefits of chimney caps such as prevention of rainwater, birds, and animals from entering the chimney, reduction in heating & gas bills, and maintenance of a dry chimney with these chimney caps; their easy installation for residential do-it-yourself (DIY) users; affordability; and high adoption of the caps in residential and non-residential sectors drive the market growth. However, disadvantages of such chimneys such as regular maintenance and their working inefficiency in some weather conditions as well as strict government regulations related to chimneys restrain the growth of the market. Conversely, growing investments in the construction and manufacturing sectors are expected to provide opportunities for the growth of the market.

Single-flue segment to dominate, multi-flue to grow the fastest through 2025

Among types, the single-flue segment accounted for more than half of the market share in 2017 and would maintain its dominance through 2025. This is due to the growing awareness about the valuable usage of single-flue chimney caps such as affordability, and easy installation in residential sectors such as homes. However, the multi-flue segment would register the fastest CAGR of 1.9% from 2018 to 2025.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5201

Residential segment to be dominant through 2025

Among applications, the residential segment captured nearly two-thirds of the market share in 2017 and would maintain its dominance through 2025. However, the non-residential segment is likely to grow at the fastest CAGR of 1.7% through the forecast period.

North America to be dominant through 2025

The market in North America contributed nearly half of the total market share in 2017 and is anticipated to continue its dominance through 2025. This is due to the presence of key manufacturing companies and large investment in the chimney manufacturing sector. However, Europe would also grow at the fastest CAGR of 2.0% from 2018 to 2025. The other regions analyzed in the market study include Asia-Pacific and LAMEA (Latin America, Middle East, and Africa).

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5201

Industry Frontrunners

The key market players analyzed in the report include Artis Metals Company Inc., Chim Cap Corp, Chimney King, Fireplace Essentials, GLL, HY-C, National Chimney, Olympia Chimney Supply Inc., Owens Chimney Systems Inc., and Stromberg. These companies have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Single Flue Chimney Caps Market Outlook – 2025

Square Chimney Caps Market Outlook - 2025

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285
+1-503-894-6022
+1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Voltar noticias em Inglês