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North American Air Ducts Market revenue to hit $1.29 Bn by 2027
Published Date: 2021-09-06
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North American Air Ducts Market size is set to surpass USD 1.29 billion by 2027, according to a latest forecast report by Graphical Research. The rapid urbanization process has created new growth opportunities for the market. Regional authorities are planning to build complex infrastructures around cities, which is expected to drive market growth. The commercial sector in this region is growing at a rapid pace.
Increasing investments in non-residential construction in the U.S. are forecast to drive air duct demand until 2027. Growing airport expansion activities along with rising construction activities for office spaces, retail stores & shopping complexes, and hospitals are driving the regional air ducts market demand. Furthermore, private sector investments are also increasing across the non-residential sector, increasing the penetration of new players over the forecast period.
Challenges associated with frequent repairs and maintenance may drive the consumer to look for alternatives. According to the National Air Duct Cleaners Association (NADCA), an average cleaning cycle of an air duct can range between three and five years from the date of installation. Cleaning is done to prevent impurities present in the air particles from passing through the air ducts. This is the key reason for air duct system maintenance at regular intervals, which further adds cost to customers. These factors will further have a huge influence on the customer’s buying decision owing to the growing potential for ductless systems. High service & maintenance costs may reduce the air ducts market growth rate over the forecast period.
Browse detailed statistical insights from the report, “North America Air Duct Market Forecast 2027 By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers), By Shape (Rectangular, Round, Oval), By End-Use (Office Spaces, Airport & Metros, Retail Stores & Shopping Complexes, Hospitality, Multiplex/Auditorium, Hospitals, Manufacturing), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Based on material, the polymers segment is estimated to observe around 3.2% CAGR through 2027. Some of the key polymers including polyurethane, PVC, and polyester have gained significant attention from air duct manufacturers owing to their superior characteristics. Polyurethane possesses excellent insulation and mechanical strength, which can be formed into panels and then shaped into ductworks. These materials are lightweight with significant degrees of strength, augmenting segment growth in the coming decades.
In terms of shape, the rectangular duct segment is growing at a CAGR of 3.1 % from 2017 to 2027. Rectangular shapes are commonly used in HVAC systems as they allow consumers to place ducts inside and above ceiling walls. It turns out that these pipes are the most convenient when the building space is small. Furthermore, these rectangular ducts can easily ship in a truck when broken down. Such trends will bolster the segment growth.
The hospital sector will generate a revenue of around USD 105.2 million by the end of the forecast period. This can be due to the rising number of chronic diseases among old people in the U.S. along with rising investments, creating healthcare facilities around the globe. The U.S. healthcare spending represented over 15% share in the total GDP in 2018, which is further expanding at a gradual rate. Such trends will further drive the need for constructing hospitals, propelling the demand for air ducts over the forecast timeframe.
The North American air ducts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Material
- Galvanized steel
North America Market, By Shape
North America Market, By End-Use
- Office spaces
- Airports & metros
- Retail store and shopping complexes
The above information has been provided for the following countries:
- North America