Hearth Market Revenue to Reach USD 14.14 Billion by 2032, Growing 4.3% CAGR | PMR [Yahoo! Finance]
HNI Corporation (HNI)
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Source: Yahoo! Finance
New York, USA, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Market Overview: According to Polaris Market Research's study, the hearth market value is expected to grow from USD 9.70 billion in 2023 to USD 14.14 billion by 2032. The market is expected to grow at a CAGR of 4.3% during the projected period. A hearth is described as a floor area for a fireplace. The different materials utilized are brick and stone. Fireplaces are made of non-combustible materials and are intended to protect the floor of the home from flames flying up the chimney and lightning. The hearth is also essential in various applications, such as facilitating cooking and regulating indoor temperatures. Furthermore, they are widely used for heating homes in cold regions, which has led to an increase in demand and growth of the hearth market. Key Insights from Report: The evolution of smartphone applications for adjusting and controlling temperatures, Wi-Fi hearths, and similar innovations are driving demand for hear
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