Portland, April 23, 2019 (GLOBE NEWSWIRE) -- Allied Market Research 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. According to the report, the global chimney caps market garnered $112.1 million in 2017 and is expected to reach $128.0 million by 2025, registering a CAGR of 1.6% from 2018 to 2025.
The report provides an in-depth analysis of the global chimney caps market, covering aspects such as current market size & estimations, market segmentation, changing dynamics, competitive landscape, and market forecast. The information in the report is a result of extensive primary and secondary research.
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The drivers, restraints, and opportunities are broadly analyzed in the global chimney caps market report. 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; 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 market growth.
The global chimney caps market is segmented into type, application, and geography. Based on type, it is divided into single-flue and multi-flue. The single-flue segment accounted for more than half of the market share in 2017 and would maintain its dominance through 2025. Based on application, the market is bifurcated into residential and non-residential. However, the non-residential segment is likely to grow at the fastest CAGR of 1.7% through the forecast period. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. Europe would also grow at the fastest CAGR of 2.0% from 2018 to 2025.
The report also includes an analysis of the leading players operating in the global chimney caps market. They 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.
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