June 02, 2022
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 account for USD 1.4 billion in 2027.
Mounting urbanization activities, increasing demand for high-quality infrastructure, rising awareness concerning air quality, and favorable government policies are some of the key factors driving the expansion of the Europe air duct market.
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For those unaware, air ducts are installed in residential and commercial buildings to help air and other gases move in a convenient manner from one place to another. They stabilize the temperatures of different rooms and create a smooth ventilation process.
During the COVID-19 outbreak, air duct sales were heavily impacted as construction projects came to a halt due to the shortage of raw materials and manpower. International borders too were sealed off, thus hampering import and export of various air duct components. However, with the pandemic effect gradually fading, lockdowns and several other restrictions are relaxed which in turn is favoring the overall regional market outlook.
Moving on to material types, the market is divided into aluminum, galvanized steel, fiberglass, polymers, and others. Out of these, Europe air duct industry size from the aluminum segment is expected to record a 2% CAGR through 2027, owing to the smooth movement of air through several chambers, high durability, eliminating hot and humid air from dryers, and regulating temperature.
Based on the end-user landscape, the retail stores and shopping complexes segment is expected to grow substantially through the forecast timeline, ascribed to the widespread usage of lighting systems and HVAC networks on a large scale to provide adequate airflow and illumination.
The leading players influencing the Europe air ducts market are Novaflex Inc., Rubber World Industries, SET Duct Manufacturing, Kingspan Group plc, Compagnie de Saint-Gobain S.A., FabricAir, Aldes Aeraulique S.A., FläktGroup Holding GmbH, and Lindab.