August 24, 2021
According to the research report titled ‘Air Ducts Market Size By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers), By Shape (Rectangular, Round, Oval), By Application (Office Spaces, Airport & Rapid Transit, Retail Stores & Shopping Complexes, Hospitality, Multiplex/Auditorium, Hospitals, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global air ducts market forecast is anticipated to showcase impressive growth trends between 2021-2027.
Rising urbanization in developing countries, growing consumer demand for more efficient & technologically advanced ventilation systems, and increasing efforts to improve indoor air quality are key factors fueling global air ducts market growth.
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Speaking of covid-19 impact, healthcare agencies worldwide announced various methods to reduce exposure to the SARS-CoV-2 virus which causes coronavirus infection. These methods include mitigation strategies such as improving ventilation in buildings to minimize the risk of exposure and spread of infection.
As per the United States Centers for Disease Control and Prevention, the virus spreads at a faster rate indoors, since the concentration of viral particles is higher inside. Light wind can help in decreasing virus concentration. Hence, efforts to enhance indoor environment across industrial, commercial, and residential buildings is stimulating the industry outlook.
On the other hand, rising demand for ductless HVAC systems, coupled with high service & maintenance costs of air ducts will act as challenges for businesses in global air ducts industry domain.
Based on material, the aluminum segment is anticipated to witness 2.7% CAGR between 2021-2027, owing to anti-corrosive and lightweight nature of the material which makes it ideal for application in a wide variety of industries such as food processing, paper & printing, textile, woodworking, and mining among others.
As per application scope, the hospitals segment is projected to record 3.5% CAGR between 2021-2027, due to increasing incidence of chronic diseases, and rising investments for building healthcare facilities.
Regionally speaking, Latin America air ducts industry size is slated to grow rapidly through 2027, due to expansion of non-residential construction sector, and massing potential for limited number of manufacturers in the region.
Key players formulating the competitive landscape of worldwide air ducts market sphere are M&M Manufacturing Inc., Sisneros Bros. Manufacturing LLC, Novaflex Group, Turnkey Duct Systems, Tin Man Sheet Metal Fabrication LLC, Hennemuth Metal Fabricators Inc., Zinger Sheet Metal Co., Rubber World Industries LLC, SET Duct Manufacturing Inc., Ruskin Titus India Pvt. Ltd., DC Duct & Sheet Metal LLC, Eastern Sheet Metal, Thermaflex International Holding B.V., Deflecto LLC, and Dundas Jafine Inc.