Global Residential Furnace Market Research Report 2025(Status and Outlook)
Description
Report Overview
The residential furnace market encompasses heating systems designed for single-family homes, apartments, and other residential properties, primarily providing centralized heating through forced air, hot water, or steam distribution. These systems are fueled by natural gas, electricity, oil, or propane, with natural gas furnaces dominating in regions with established infrastructure due to their cost-efficiency and reliability. The market is driven by factors such as climate conditions, energy costs, regulatory standards for emissions and efficiency, and homeowner demand for smart, energy-saving technologies. Recent trends include a shift toward high-efficiency condensing furnaces, integration with smart thermostats, and increasing adoption of hybrid systems combining furnaces with heat pumps for improved sustainability. Regional demand varies significantly, with colder climates favoring robust heating solutions, while milder regions see slower replacement cycles. Competitive dynamics involve established HVAC manufacturers, local installers, and a growing emphasis on eco-friendly innovations to comply with stricter environmental regulations.
The global Residential Furnace market size was estimated at USD 125014.95 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.05% during the forecast period.
This report provides a deep insight into the global Residential Furnace market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Residential Furnace Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Residential Furnace market in any manner.
Global Residential Furnace Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Maytag (Whirlpool)
York (Johnson Controls)
Carrier
Lennox
Daikin
Luxaire
Boyertown Furnace
American Standard
Rheem Manufacturing
Goodman Manufacturing Company
Market Segmentation (by Type)
Gas Furnace
Oil Furnace
Electric Furnace
Wood Furnace
Hybrid Furnace
Market Segmentation (by Application)
Single Family
Multifamily
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Residential Furnace Market
Overview of the regional outlook of the Residential Furnace Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Residential Furnace Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Residential Furnace, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
The residential furnace market encompasses heating systems designed for single-family homes, apartments, and other residential properties, primarily providing centralized heating through forced air, hot water, or steam distribution. These systems are fueled by natural gas, electricity, oil, or propane, with natural gas furnaces dominating in regions with established infrastructure due to their cost-efficiency and reliability. The market is driven by factors such as climate conditions, energy costs, regulatory standards for emissions and efficiency, and homeowner demand for smart, energy-saving technologies. Recent trends include a shift toward high-efficiency condensing furnaces, integration with smart thermostats, and increasing adoption of hybrid systems combining furnaces with heat pumps for improved sustainability. Regional demand varies significantly, with colder climates favoring robust heating solutions, while milder regions see slower replacement cycles. Competitive dynamics involve established HVAC manufacturers, local installers, and a growing emphasis on eco-friendly innovations to comply with stricter environmental regulations.
The global Residential Furnace market size was estimated at USD 125014.95 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.05% during the forecast period.
This report provides a deep insight into the global Residential Furnace market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Residential Furnace Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Residential Furnace market in any manner.
Global Residential Furnace Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Maytag (Whirlpool)
York (Johnson Controls)
Carrier
Lennox
Daikin
Luxaire
Boyertown Furnace
American Standard
Rheem Manufacturing
Goodman Manufacturing Company
Market Segmentation (by Type)
Gas Furnace
Oil Furnace
Electric Furnace
Wood Furnace
Hybrid Furnace
Market Segmentation (by Application)
Single Family
Multifamily
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Residential Furnace Market
Overview of the regional outlook of the Residential Furnace Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Residential Furnace Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Residential Furnace, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
139 Pages
- 1 Research Methodology And Statistical Scope
- 1.1 Market Definition And Statistical Scope Of Residential Furnace
- 1.2 Key Market Segments
- 1.2.1 Residential Furnace Segment By Type
- 1.2.2 Residential Furnace Segment By Application
- 1.3 Methodology & Sources Of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown And Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Residential Furnace Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Residential Furnace Market Size (M Usd) Estimates And Forecasts (2020-2033)
- 2.1.2 Global Residential Furnace Sales Estimates And Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size By Region
- 3 Residential Furnace Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Residential Furnace Product Life Cycle
- 3.3 Global Residential Furnace Sales By Manufacturers (2020-2025)
- 3.4 Global Residential Furnace Revenue Market Share By Manufacturers (2020-2025)
- 3.5 Residential Furnace Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
- 3.6 Global Residential Furnace Average Price By Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
- 3.8 Residential Furnace Market Competitive Situation And Trends
- 3.8.1 Residential Furnace Market Concentration Rate
- 3.8.2 Global 5 And 10 Largest Residential Furnace Players Market Share By Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Residential Furnace Industry Chain Analysis
- 4.1 Residential Furnace Industry Chain Analysis
- 4.2 Market Overview Of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development And Dynamics Of Residential Furnace Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 Pest Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Residential Furnace Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions And Their Impacts To Residential Furnace Market
- 5.7 Esg Ratings Of Leading Companies
- 6 Residential Furnace Market Segmentation By Type
- 6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
- 6.2 Global Residential Furnace Sales Market Share By Type (2020-2025)
- 6.3 Global Residential Furnace Market Size Market Share By Type (2020-2025)
- 6.4 Global Residential Furnace Price By Type (2020-2025)
- 7 Residential Furnace Market Segmentation By Application
- 7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
- 7.2 Global Residential Furnace Market Sales By Application (2020-2025)
- 7.3 Global Residential Furnace Market Size (M Usd) By Application (2020-2025)
- 7.4 Global Residential Furnace Sales Growth Rate By Application (2020-2025)
- 8 Residential Furnace Market Sales By Region
- 8.1 Global Residential Furnace Sales By Region
- 8.1.1 Global Residential Furnace Sales By Region
- 8.1.2 Global Residential Furnace Sales Market Share By Region
- 8.2 Global Residential Furnace Market Size By Region
- 8.2.1 Global Residential Furnace Market Size By Region
- 8.2.2 Global Residential Furnace Market Size Market Share By Region
- 8.3 North America
- 8.3.1 North America Residential Furnace Sales By Country
- 8.3.2 North America Residential Furnace Market Size By Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Residential Furnace Sales By Country
- 8.4.2 Europe Residential Furnace Market Size By Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Residential Furnace Sales By Region
- 8.5.2 Asia Pacific Residential Furnace Market Size By Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Residential Furnace Sales By Country
- 8.6.2 South America Residential Furnace Market Size By Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East And Africa
- 8.7.1 Middle East And Africa Residential Furnace Sales By Region
- 8.7.2 Middle East And Africa Residential Furnace Market Size By Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 Uae Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Residential Furnace Market Production By Region
- 9.1 Global Production Of Residential Furnace By Region(2020-2025)
- 9.2 Global Residential Furnace Revenue Market Share By Region (2020-2025)
- 9.3 Global Residential Furnace Production, Revenue, Price And Gross Margin (2020-2025)
- 9.4 North America Residential Furnace Production
- 9.4.1 North America Residential Furnace Production Growth Rate (2020-2025)
- 9.4.2 North America Residential Furnace Production, Revenue, Price And Gross Margin (2020-2025)
- 9.5 Europe Residential Furnace Production
- 9.5.1 Europe Residential Furnace Production Growth Rate (2020-2025)
- 9.5.2 Europe Residential Furnace Production, Revenue, Price And Gross Margin (2020-2025)
- 9.6 Japan Residential Furnace Production (2020-2025)
- 9.6.1 Japan Residential Furnace Production Growth Rate (2020-2025)
- 9.6.2 Japan Residential Furnace Production, Revenue, Price And Gross Margin (2020-2025)
- 9.7 China Residential Furnace Production (2020-2025)
- 9.7.1 China Residential Furnace Production Growth Rate (2020-2025)
- 9.7.2 China Residential Furnace Production, Revenue, Price And Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 Maytag (Whirlpool)
- 10.1.1 Maytag (Whirlpool) Basic Information
- 10.1.2 Maytag (Whirlpool) Residential Furnace Product Overview
- 10.1.3 Maytag (Whirlpool) Residential Furnace Product Market Performance
- 10.1.4 Maytag (Whirlpool) Business Overview
- 10.1.5 Maytag (Whirlpool) Swot Analysis
- 10.1.6 Maytag (Whirlpool) Recent Developments
- 10.2 York (Johnson Controls)
- 10.2.1 York (Johnson Controls) Basic Information
- 10.2.2 York (Johnson Controls) Residential Furnace Product Overview
- 10.2.3 York (Johnson Controls) Residential Furnace Product Market Performance
- 10.2.4 York (Johnson Controls) Business Overview
- 10.2.5 York (Johnson Controls) Swot Analysis
- 10.2.6 York (Johnson Controls) Recent Developments
- 10.3 Carrier
- 10.3.1 Carrier Basic Information
- 10.3.2 Carrier Residential Furnace Product Overview
- 10.3.3 Carrier Residential Furnace Product Market Performance
- 10.3.4 Carrier Business Overview
- 10.3.5 Carrier Swot Analysis
- 10.3.6 Carrier Recent Developments
- 10.4 Lennox
- 10.4.1 Lennox Basic Information
- 10.4.2 Lennox Residential Furnace Product Overview
- 10.4.3 Lennox Residential Furnace Product Market Performance
- 10.4.4 Lennox Business Overview
- 10.4.5 Lennox Recent Developments
- 10.5 Daikin
- 10.5.1 Daikin Basic Information
- 10.5.2 Daikin Residential Furnace Product Overview
- 10.5.3 Daikin Residential Furnace Product Market Performance
- 10.5.4 Daikin Business Overview
- 10.5.5 Daikin Recent Developments
- 10.6 Luxaire
- 10.6.1 Luxaire Basic Information
- 10.6.2 Luxaire Residential Furnace Product Overview
- 10.6.3 Luxaire Residential Furnace Product Market Performance
- 10.6.4 Luxaire Business Overview
- 10.6.5 Luxaire Recent Developments
- 10.7 Boyertown Furnace
- 10.7.1 Boyertown Furnace Basic Information
- 10.7.2 Boyertown Furnace Residential Furnace Product Overview
- 10.7.3 Boyertown Furnace Residential Furnace Product Market Performance
- 10.7.4 Boyertown Furnace Business Overview
- 10.7.5 Boyertown Furnace Recent Developments
- 10.8 American Standard
- 10.8.1 American Standard Basic Information
- 10.8.2 American Standard Residential Furnace Product Overview
- 10.8.3 American Standard Residential Furnace Product Market Performance
- 10.8.4 American Standard Business Overview
- 10.8.5 American Standard Recent Developments
- 10.9 Rheem Manufacturing
- 10.9.1 Rheem Manufacturing Basic Information
- 10.9.2 Rheem Manufacturing Residential Furnace Product Overview
- 10.9.3 Rheem Manufacturing Residential Furnace Product Market Performance
- 10.9.4 Rheem Manufacturing Business Overview
- 10.9.5 Rheem Manufacturing Recent Developments
- 10.10 Goodman Manufacturing Company
- 10.10.1 Goodman Manufacturing Company Basic Information
- 10.10.2 Goodman Manufacturing Company Residential Furnace Product Overview
- 10.10.3 Goodman Manufacturing Company Residential Furnace Product Market Performance
- 10.10.4 Goodman Manufacturing Company Business Overview
- 10.10.5 Goodman Manufacturing Company Recent Developments
- 11 Residential Furnace Market Forecast By Region
- 11.1 Global Residential Furnace Market Size Forecast
- 11.2 Global Residential Furnace Market Forecast By Region
- 11.2.1 North America Market Size Forecast By Country
- 11.2.2 Europe Residential Furnace Market Size Forecast By Country
- 11.2.3 Asia Pacific Residential Furnace Market Size Forecast By Region
- 11.2.4 South America Residential Furnace Market Size Forecast By Country
- 11.2.5 Middle East And Africa Forecasted Sales Of Residential Furnace By Country
- 12 Forecast Market By Type And By Application (2026-2033)
- 12.1 Global Residential Furnace Market Forecast By Type (2026-2033)
- 12.1.1 Global Forecasted Sales Of Residential Furnace By Type (2026-2033)
- 12.1.2 Global Residential Furnace Market Size Forecast By Type (2026-2033)
- 12.1.3 Global Forecasted Price Of Residential Furnace By Type (2026-2033)
- 12.2 Global Residential Furnace Market Forecast By Application (2026-2033)
- 12.2.1 Global Residential Furnace Sales (K Units) Forecast By Application
- 12.2.2 Global Residential Furnace Market Size (M Usd) Forecast By Application (2026-2033)
- 13 Conclusion And Key Findings
Pricing
Currency Rates
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