Air Duct market size is estimated to be $5871.5 Million in 2020 and shall grow with a CAGR of 3% during the forecast period of 2020 to 2027.
Air Ducts are the distribution networks in a building in the context of HVAC applications. They are responsible for Air temperature, humidity, and quality. It works in both heating and cooling applications. Air ducts are found in centrally cooled and heated systems.
Analysis by Material
Galvanized Steel is the largest contributor to revenue in the industry as of today. However, polymers are quickly rising the ranks and will give stiff competition to Galvanized Steel in the forecasted period. This is because of their unprecedented flexibility. They will be the choice of material for home-owners and other commercial settings with space constraints. Their unique property will unlock demand centers and bodes very well for the suppliers in the market.
Analysis by Shape
In this category, rectangular sections will continue to dominate the market. They benefit from easy shipping, structural strength, and ease of assembly on-site. Large applications will have these as their choice of shape going forward. They will be used mostly to form the major air handling sections of HVAC systems.
Analysis by Application
Airports & Rapid Transport sector hold the majority of the share and will continue to rise for the timeline being considered. New airports have already been planned in major developing and developed nations. Following on from the great work that these systems have done in the past, the new establishments will also prefer their application. The governments in this region are also pro-actively supporting new infrastructure projects such as Public transportation systems, Hospitals, Multiplexes, and Office spaces. These engagements are very likely to place large parcels of orders to suppliers in this region. The forecasted timeframe presents an excellent opportunity to invest in the Asia-Pacific region in the Air Ducts industry.
Analysis by Region
This is an element of infrastructural development. Hence, the demand and revenue hotspot will be Asia-Pacific. This region has huge related infrastructural developments planned given their developing nature. The tourism and hospitality sector is also on the rise in this area. This will also drive product demand. Thus, the air duct supplies will be needed in large quantities in the Asia-Pacific region.
Analysis by Companies
M&M manufacturing, ZECO Aircon, Tin Man Sheet Metal, Hennemuth Metal fabricators, Hamlin Companies, Rubber World Industries, Zinger Sheet Metal, Turnkey Duct, and VK Ducting are a few of the powerful names in this industry. The Air Duct supply space is heating up as companies gear for the large demand volumes on the horizon for the forecasted period. The firms will also engage in mutual co-operation to provide relevant products and services in a booming market. This will call for Mergers & Acquisitions in this space as a lot of synergy will be created with the coming together of varying expertise. Other industries in this domain that are growing at a high CAGR include Hazardous Location Air Conditioners Market and Air Knife Systems Market.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Material Outlook ($Revenue and Unit Sales, 2019-2026)
• Galvanized Steel
• Aluminum
• Fiberglass
• Polymers
By Shape Outlook ($Revenue and Unit Sales, 2019-2026)
• Rectangular
• Round
• Oval
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Office Spaces
• Airport & Rapid transit
• Retail stores & shopping complexes
• Hospitality
• Multiplex/Auditorium
• Hospitals
• Manufacturing
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• USA
• Canada
• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Bulgaria
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Brazil
• Mexico
• Kuwait
• Saudi Arabia
• UAE
Leading Companies
• M&M Manufacturing,
• Flexmaster Limited,
• Sisneros Bros. Mfg.,
• Turnkey duct systems,
• Hennemuth Metal Fabricators,
• Tin Man Sheet Metal,
• Zinger Sheet Metal Co., Inc.,
• Set Duct Manufacturing,
• Rubber World Industries LLC,
• Ruskin Titus,
• Eastern Sheet Metal,
• DC Duct & Sheet Metal,
• Thermaflex,
• Deflecto, LLC,
• Dundas Jafine Inc.
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