December 10, 2021
According to the research report titled ‘North America Air Duct Market Forecast 2027 By Material, By Shape, By End-Use, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America air duct market is slated to be worth USD 1.29 billion by 2027.
As per the report findings, increasing construction activities, such as development of airports, shopping malls, office buildings, retail stores, and hospitals, is acting as a major impetus to North America air duct market growth.
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Notably, Americans tend to spend nearly 90% of their time indoors, where the contaminant concentration is 2 to 5 times higher than outdoors. This factor will bolster the need for innovative energy-efficient buildings, with air ducts that ensure continuous regulation of air.
Besides, the emergence of the COVID-19 pandemic has led to increasing awareness and adoption of ventilation devices. Regional governments are also focusing on constructing complex infrastructures around cities, which is likely to propel market demand in the upcoming years.
Based on material type, North America air duct industry is classified into galvanized steel, aluminum, polymers, fiberglass, and others. The steel segment is poised to record a CAGR of 3.4% over 2020-2027, driven by the ability of steel ducts to expand and compress while heating and cooling. Furthermore, high tensile strength, flexibility, and anti-corrosive properties of galvanized steel will drive segmental growth in the upcoming years.
Considering shape, the industry classification comprises rectangular, round, and other variants. Among these, round air duct segment is slated to be worth USD 724 million by 2027, owing to outstanding acoustic characteristics, superior air transport efficiency, and minimum insulation material requirements. Additionally, a circular duct reduces the likelihood of smoke & dust gathering, thus ensuring cleaner air quality.
Moving on to end user scope, the business vertical is split into airports & metros, office spaces, retail stores & shopping complexes, hospitality, hospitals, multiplexes/auditoriums, manufacturing, and others. The hospital segment is expected to be valued at USD 105.2 million by 2027, as air ducts are being extensively used in these settings for maintaining temperature and humidity levels, and to provide a germ-free environment that curbs the spread of infections.
Prominent companies operating in North America air duct marketplace are Deflecto LLC, DC Duct & Sheet Metal LLC, TurnKey Duct Systems, Sisneros Bros. Mfg., Novaflex Group, SetDuct LLC, Zinger Sheet Metal Co., Tin Man Sheet Metal Fabrication LLC, Eastern Sheet Metal, Rubber World Industry LLC, Thermaflex, and M&M Manufacturing.