Global Residential Furnace Market Growth 2025-2031
Description
The global Residential Furnace market size is predicted to grow from US$ 124490 million in 2025 to US$ 168620 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A furnace is a device used for high-temperature heating. The name derives from Latin word fornax, which means oven. The heat energy to fuel a furnace may be supplied directly by fuel combustion, by electricity such as the electric arc furnace, or through induction heating in induction furnaces.
United States market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Residential Furnace players cover Maytag (Whirlpool), York (Johnson Controls), Carrier, Lennox, Daikin, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Residential Furnace Industry Forecast” looks at past sales and reviews total world Residential Furnace sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Furnace sales for 2025 through 2031. With Residential Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Furnace industry.
This Insight Report provides a comprehensive analysis of the global Residential Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Furnace market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Furnace and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Furnace.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Furnace market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Gas Furnace
Oil Furnace
Electric Furnace
Wood Furnace
Hybrid Furnace
Segmentation by Application:
Single Family
Multifamily
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Maytag (Whirlpool)
York (Johnson Controls)
Carrier
Lennox
Daikin
Luxaire
Boyertown Furnace
American Standard
Rheem Manufacturing
Goodman Manufacturing Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Furnace market?
What factors are driving Residential Furnace market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Furnace market opportunities vary by end market size?
How does Residential Furnace break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A furnace is a device used for high-temperature heating. The name derives from Latin word fornax, which means oven. The heat energy to fuel a furnace may be supplied directly by fuel combustion, by electricity such as the electric arc furnace, or through induction heating in induction furnaces.
United States market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Residential Furnace is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Residential Furnace players cover Maytag (Whirlpool), York (Johnson Controls), Carrier, Lennox, Daikin, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Residential Furnace Industry Forecast” looks at past sales and reviews total world Residential Furnace sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Furnace sales for 2025 through 2031. With Residential Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Furnace industry.
This Insight Report provides a comprehensive analysis of the global Residential Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Furnace market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Furnace and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Furnace.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Furnace market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Gas Furnace
Oil Furnace
Electric Furnace
Wood Furnace
Hybrid Furnace
Segmentation by Application:
Single Family
Multifamily
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Maytag (Whirlpool)
York (Johnson Controls)
Carrier
Lennox
Daikin
Luxaire
Boyertown Furnace
American Standard
Rheem Manufacturing
Goodman Manufacturing Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Furnace market?
What factors are driving Residential Furnace market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Furnace market opportunities vary by end market size?
How does Residential Furnace break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
90 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Residential Furnace by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Residential Furnace by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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