Air Ducts Market - By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers, Others), By Shape (Rectangular, Round, Oval), By End User, Forecast 2024 – 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
Air Ducts Market - By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers, Others), By Shape (Rectangular, Round, Oval), By End User, Forecast 2024 – 2032
Air Ducts Market Size
Air Ducts Market size was valued at around USD 4.87 billion in 2023 and is anticipated to register a CAGR of 3.7 % between 2024 and 2032. There is a growing emphasis on energy-efficient buildings due to various factors, such as growing concerns over climate change. Effective, well-designed sealed air ducts are essential in reducing energy wastage by preventing air leaks.
To get key market trends
Download Free Sample
The increasing expansion of urban areas is driving a notable increase in both residential and commercial construction, leading to a rising need for air ducts. These ducts serve as essential components of Heating, Ventilation, and Air Conditioning (HVAC) systems. Indoor air quality is no longer an afterthought.
Report Attribute | Details |
---|---|
Base Year | 2023 |
Air Ducts Market Size in 2023 | USD 4.87 Billion |
Forecast Period | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR | 3.7% |
2032 Value Projection | USD 6.72 Billion |
Historical Data for | 2021 – 2023 |
No. of Pages | 200 |
Tables, Charts & Figures | 264 |
Segments covered | By Material, Shape, End Users, Region |
Growth Drivers |
|
Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Free Sample
Stringent indoor air quality regulations are pushing manufacturers to develop air ducts from non-polluting materials. This ensures residents and workers breathe cleaner, healthier air, creating a market for innovative and sustainable solutions. The smart building revolution opens doors for intelligent air ducts. These seamlessly integrate with other systems, optimizing energy use and air quality.
A significant challenge in the air duct market is the complexity of retrofitting existing structures. Retrofitting air duct systems in established buildings can be disruptive and intricate, often requiring substantial structural modifications. This process can slow down both business operations and residential activities, presenting challenges in the market.
This complexity and potential disruption make retrofitting projects less appealing and can slow down the market expansion.
Air Ducts Market Trends
The air ducts industry is witnessing a notable shift toward the use of eco-friendly and sustainable materials as manufacturers are turning to materials which can be recycled and have a reduced environmental footprint. This is boosted by the regulatory requirements and growing consumer preference for sustainable products in the market.
The adoption of intelligent technologies in air duct systems is on the rise and modern air duct systems are being equipped with advanced monitoring and controlled features that enhance air flow management and energy efficiency.
Air Ducts Market Analysis
Learn more about the key segments shaping this market
Download Free Sample
Based on material, the market is segmented into galvanized steel, aluminum, fiberglass, polymers, and others. Galvanized steel is likely to remain dominant in the next few years because of its affordability, durability, fire resistance, and ease of fabrication. This may be widely used in residential, commercial, and industrial buildings for its versatility. It's also good for soundproofing and can be formed into different shapes for locking.
Galvanized steel held the maximum share in the market with around 2,580.8 million in 2023 and is anticipated to grow at a CAGR of 4.0% over the forecast years. Other factors influencing material selection include cost, ease of installation, and fire safety regulations.
Learn more about the key segments shaping this market
Download Free Sample
Based on end user segment, the market is divided into office spaces, airport and metros, retail stores and shopping complexes, hospitality, multiplexes, auditoriums, and hospitals. The air ducts market is likely to remain dominant by office spaces due to the increasing demand for energy-efficient solutions and awareness about the importance of indoor air quality. Large commercial buildings require extensive HVAC systems with ducts to maintain comfortable temperatures for occupants across vast spaces.
Stringent government regulations on indoor air quality and continuous growth in investments of corporate sector in the form of office spaces may likely drive up the sales of office spaces in the next few years.
Looking for region specific data?
Download Free Sample
The Asia Pacific region accounts for the more than 42% market share of the global air duct market, driven by rapid urbanization and industrialization in emerging countries of the region such as China, India, Indonesia, and Malaysia. The market is expected to continue growing at a significant pace due to rapid urbanization, industrialization, and government initiatives to improve indoor air quality.
Air ducts play a vital role in ensuring the efficient distribution of conditioned air throughout a building. As the demand for energy-efficient buildings grows, the demand for air ducts that are designed to minimize energy losses is also expected to increase. Air duct manufacturers in developing countries of the Asia Pacific region often have lower production of efficient energy saving air ducts.
North America In terms of country, the U.S. is dominating the North America air ducts market with revenue of around USD 1.04 billion in 2023 and is expected to reach around USD 1.18 billion by 2032. The U.S. is seeing a heightened demand for sophisticated HVAC systems driven by both new construction ventures and the necessity to modernize existing systems. Strict energy efficiency standards and building regulations are encouraging the use of more efficient eco-friendly air ducts solutions in the U.S.
On the other hand, the Canadian government has implemented several initiatives to enhance energy efficiency and improve indoor quality, directly impacting the market. Programs, such as energy efficient regulation and the eco energy retrofit program, offer incentive and guidelines for upgrading HVAC systems including air ducts. The government has spent over one billion dollars in various energy efficiency initiatives, highlighting the commitment to reducing energy use and emission.
Europe The Europe air ducts market expressed a steady growth at a CAGR of around 3.1% during 2023. This is due to a focus on energy efficiency and sustainability and stringent regulations such as the energy performance of buildings directive, which required the use of advanced HVAC systems to lower energy use and emission.
In terms of country, Germany plays a vital role in the Europe air duct market due to its strict energy efficiency regulations and cutting-edge manufacturing capabilities. The engineers enforce rigorous energy efficiency requirements for buildings, boosting the demand for high efficiency air ducts systems.
Asia Pacific The Asia Pacific region accounts for the largest share of the global air duct market, driven by rapid urbanization and industrialization in emerging countries of region such as China, India, Indonesia, and Malaysia. The market is expected to continue growing at a significant pace due to rapid urbanization, industrialization, and government initiatives to improve indoor air quality.
In terms of country, the China air duct market is expanding rapidly driven by swift urbanization and industrial growth and the government focus on improving air quality and energy efficiency, propelling the demand for advanced HVAC systems. The Chinese HVAC system market was worth about USD 16 billion in 2020, with an annual growth rate exceeding 8%.
On the other hand, the India air duct market is growing robustly driven by shift urbanization and heightened focus on energy efficiency. Government programs, such as smart city missions and Pradhan Mantri Awas Yojana, are boosting the demand for advanced HVAC systems including air ducts. The India HVAC market was valued at around USD 7 billion in 2020, with an anticipated annual growth rate of around 9%.
Air Ducts Market Share
Key players involve in the air ducts industry are Deflecto LLC, Eastern Sheet Metal, Lindab Group, M&M Manufacturing, and Novaflex group accounts for a market share of 15-20% in 2023. These companies are leading the air duct market through innovation, strategic expansion, and a strong focus on sustainability and customer satisfaction. The company's continuous investment in research and development with the strategic acquisition and market expansion position them favourably in the competitive landscape of the air duct market.
Air Ducts Market Companies
Major companies operating in the air ducts industry include
- DC Duct & Sheet Metal
- Deflecto, LLC
- DUNDAS JAFINE INC.
- Eastern Sheet Metal
- Lindab Group
- M&M Manufacturing
- Novaflex Group
- Nuaire, Inc.
- Rubber World Industries
- Ruskin Titus India Pvt. Limited
- Sisneros Bros. Mfg.
- Thermaflex
- Tin Man Sheet Metal
- Turnkey Duct Systems
- Zinger Sheet Metal Co. LLC
Air Duct Industry News
- In March 2024, Johnson Controls announced the launch of its new smart air duct systems designed to optimize air flow and improve energy efficiency in commercial buildings.
- In April 2024, Daikin Industries, a global leader in HVAC systems, expanded its production facility in Texas to meet the growing demand for air duct systems in North America. The new facility increased the company’s manufacturing capacity by 30%, enabling faster delivery times and better service for its customers in the region.
- In May 2023, Lennox International acquired Solid Air, a leading air duct manufacturer, to strengthen its position in the HVAC market.
The air duct market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments
Click here to Buy Section of this Report
Market, By Material, 2021 – 2032
- Galvanized steel
- Aluminum
- Fiber glass
- Polymers
- Others
Market, By Shape, 2021 – 2032
- Rectangular
- Round
- Oval
Market, By End User, 2021 – 2032
- Office spaces
- Airport and metros
- Retail stores and shopping complexes
- Hospitality
- Multiplex and auditoriums
- Hospitals
- Manufacturing
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )