A report by Allied Market Research shows the worldwide Chimney Caps Market forecast from the year 2018 to 2025. The report also provides insight into the Chimney Caps Market. The report shows that worldwide Chimney Caps Market generated 112 million US$ in the year 2017. This number is anticipated to reach 128 million US$ in the year 2025 and the CAGR from 2018 to 2025 will be 1.6%.
The increased use of Chimney Caps worldwide in residential and non-residential construction due to the awareness regarding its benefits is growing the Chimney Caps Market. However, The market is not totally on the growth path as there are some factors restraining the market. The factors include strict government regulations when it comes to Chimney Caps and their inefficacy in certain weather conditions. The growing construction will provide for the growth of this industry.
The chimney capes are divided into two types, single flue, and multi-flue. Single flue has more than half of the market share in the year 2017 and the dominance is expected to be marinated in till 2025. The Growth of multi-flue type would be at the rate of 1.9% CAGR from 2018 to 2025.
The use of Chimney Caps includes residential and non-residential. The residential segment is expected to hold two third of the market with the growth rate of CAGR of 1.7% till 2025. In the year 2017 North America held more than of the market and would continue to dominate the market in the forecast period.
The major manufacturers include Chim Cap Corp, Fireplace Essentials, GLL, HY-C, Stromberg, Artis Metals Company Inc., Olympia Chimney Supply Inc., Owens Chimney Systems Inc., Chimney King, and National Chimney. These manufacturers have adopted various strategies to hold a strong position in the market. The report will give you essential information and analysis regarding the Chimney Caps Market.