Expected Changes in the Custom Fireplace Mantel Market

Mantelpieces can accentuate the architectural elements of your fireplace. By installing a custom fireplace mantel, you can redefine the décor of your living room and focus it on that one piece. More and more homeowners are adding fireplace mantels to their home setups. This steady demand has helped create a rapidly growing market.

The Market Is Expected to Grow Significantly

Fireplace mantels have become more popular but the degree to which demand has risen may come as a surprise to many. According to Data Bridge Market Research, the global fireplace mantel market is projected to have a CAGR (compound annual growth rate) of 5.75% through 2029. We’re talking about major growth here for the custom fireplace mantel market.

Remarkably, the fireplace mantel market may even outpace the growth of the fireplace market during that timeframe. That suggests that homeowners are getting more creative with their home décor. They are learning to utilize the design opportunities presented by fixtures such as the fireplace and taking full advantage of them.

Natural Stone Mantels Are Projected to Be the Most Popular

According to Fortune Business Insights, the global natural stone and marble market will likely reach $68.06 billion by 2029. That kind of leap in market size would represent major growth for the natural stone and marble industries. Interestingly, changes in the fireplace mantel market could be contributing to that growth as well.

The three most common types of fireplace mantels are made from stone, metal, and wood. Given the trends we’re seeing in the different markets, it wouldn’t be a surprise to see stone fireplace mantels emerge as the clear favorites among homeowners. If you’re planning to install a custom fireplace mantel made out of natural stone inside your home, you may have an easier time purchasing that piece in the months and years ahead.

Improved Technology Could Lead to Better Fireplace Mantels

Custom fireplace mantels are fairly easy to find these days. You can work directly with providers to get the special piece you need to round out your home décor. In the coming years, we may see the custom mantel market develop even further.

According to Value Market Research, advancements in technology are expected to increase demand for fireplace mantels. The improved technology will do more than speed up the production of those decorative home elements. With improved technology, providers may be able to come up with even more intricate pieces. You may also be able to get a fireplace mantel with more customized elements once those technological improvements become more widely utilized.

Custom Mantels Should Become More Accessible

You don’t have to go to a specialty store to find a fireplace mantel. Simply go online, look up fireplace mantels in your browser, and you’ll find some stores that sell them. It’s easy to get your hands on ready-made fireplace mantels already.

Since technological advancements are expected to have a positive impact on the production of custom fireplace mantels, you may soon have an easier time finding them. You may be able to order a custom piece to install on your fireplace without having to leave home. Installing different mantelpieces on your fireplace should also be easier moving forward.

The Custom Fireplace Mantel Market Should Grow Alongside the Construction Industry

If you’re wondering why we have seemingly entered a boom period for the fireplace mantel market, looking at the construction industry can help you gain some valuable insight. According to Statista, the market size of the global construction market stood at $7.3 trillion in 2021. By 2030, this industry is expected to reach a market size of $14.4 trillion. In other words, the construction industry is projected to experience steady and significant growth for the rest of this decade and beyond.

That’s an important point to highlight because the increased number of construction projects is helping drive the growth of the custom fireplace mantel market, too. Fireplace mantels are being featured more often in both new construction and remodeling projects. That trend is unlikely to end anytime soon.

We have entered an exciting time for the custom fireplace mantel market. If you’re looking to invest in that market or to benefit from the vast array of options available, now would be a good time to do so. Reach out to Stone Mountain Castings & Design today if you wish to learn more about the market trends that affect fireplace mantels!