According to the research report titled ‘Europe Air Duct Market Forecast 2027 By Application, By Material, By Shape, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe air duct market is expected to be valued at USD 1.4 billion by the end of the forecast timeframe 2021-2027.
 

Rapid urbanization and substantial migration of rural people to urban areas in search of jobs are prompting the need for high end infrastructure, which is primarily driving Europe air duct market growth.
 

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Surging demand for heating, ventilation, and air conditioning (HVAC) systems in households & industrial settings, coupled with favorable government policies are also adding substantial traction to market development.
 

Moreover, rising number of skyscrapers and high-rise buildings in the region will propel the demand for air duct networks as they are extensively used to maintain balanced room temperatures and appropriate ventilation outlets.
 

Elaborating on the impact of COVID-19 pandemic, the industry faced a decline in revenue due to cessation of construction projects caused by severe shortage of people and raw material. However, the business sphere is slowly recovering as lockdowns and other social distancing norms are being lifted to revive the progress of trade and commerce.
 

Based on material, Europe air duct industry is fragmented into aluminum, galvanized steel, fiberglass, polymers, and others. Among these, aluminum segment is poised to grow steadily at a CAGR of 2% over the analysis timeframe, due to widespread use of the material in air conditioners and building heating systems. Product attributes such as durability, lightweight, greater corrosion resistance & ability to regulate temperatures of both residential and business infrastructure will also aid segmental growth in the upcoming years.
 

From a competitive perspective, companies such as Novaflex Group, SET Duct Manufacturing Inc., Zinger Sheet Metal Co., Compagnie de Saint-Gobain SA, Aldes Aeraulique SAS, Lindab International AB, Kingspan Group plc, and FabricAir Inc. are among the major contributors to Europe air duct market remuneration.