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

Published Date: Jun 2021  |  Report ID: GMI2339  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 200   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Air Ducts Market size valued at USD 4.36 billion in 2020 and is anticipated to exhibit a CAGR of over 3.3% from 2021 to 2027. Increasing construction spending across the globe is expected to drive the industry growth.
 

Air Ducts Market

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According to the survey of the U.S. Census Bureau, construction in the U.S. surpassed USD 1.4 trillion in 2020 from 1.1 trillion in 2015. On the other hand, the Beijing Municipal Corporation of Development and Reform announced 300 construction projects worth USD 36 billion in 2020. Since air ducts are highly used in modern buildings to enhance the overall indoor air quality, these key trends are likely to fuel the installation of the product.
 

The increasing emissions from building and construction activities have encouraged developed nations to take initiatives in order to curb the environmental impacts from the construction sector. Additionally, the growing penetration off LEED certified houses in the U.S. is significantly driving the demand for air ducts. This is majorly attributable to the fact that 90% of Americans spend most of their time indoors, where pollutants are concentrated by more than two to five times than outdoors. Such trends will further reflect the need for creating energy-efficient buildings in the near term.
 

Air Ducts Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:4,365.6 Million (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:3.3%
2027 Value Projection:5,580.3 Million (USD)
Historical Data for:2017 to 2020
No. of Pages:200
Tables, Charts & Figures:263
Segments covered:Material, Shape, Application, and Region
Growth Drivers:
  • Adoption of green building initiatives in the U.S. and Europe
  • Rising infrastructure development in Asia Pacific
  • The developing tourism & hospitality sector in Southeast Asia
  • Increasing urbanization in developing economies
  • Upcoming mega projects in the Middle East
Pitfalls & Challenges:
  • Competition from ductless HVAC systems
  • High service and maintenance costs associated with the product

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COVID-19 is disrupting the air ducts market growth

The outbreak of COVID-19 led to the suspension or postponement of many building construction and remodeling projects. This, in turn, negatively impacted the adoption of air ducts, causing a severe downfall in the market revenue. The flatlined growth of the industry is attributable to the nationwide imposed lockdowns and restricted mobility of people and goods.
 

However, as the coronavirus pandemic has been a temporary bane for the industry, it is likely to be a boon in the approaching years. Consumers are now more aware of the importance of ventilation and clean air like never before, which is likely to play a crucial role in preparing the world for future outbreaks. The increasing demand for conduits to enhance indoor air quality will enable market growth.
 

Superior characteristics of galvanized steel to fuel the market demand

Galvanized steel is set to acquire more than 50% of the air ducts market share by 2027 owing to its favorable properties, such as strength, aesthetic appearance, planning flexibility, and resistance to rust, among others. Galvanized steel sheets are a common material for manufacturing standard ducts owing to their lock-forming quality, soundproofing ability, and a high degree of insulation.
 

Round ducts to witness significant traction

Air Ducts Market Size, By Shape

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The round ducts segment is predicted to generate around USD 3 billion revenue by 2027. The high efficiency in transporting air compared to other shapes is estimated to be the key driving factor of round-shaped ducts. These ducts offer a high cross-sectional area with a minimum contact surface. The installation costs of round ducts are substantially lower than the rectangular ducts, further bolstering the product demand. The superior acoustic performance achieved by these ducts in conjunction with the reduced possibility of dirt & grime accumulation inside the air ducts to promote a healthier indoor environment is boosting the round ducts demand in the building & construction industry.
 

Airports & metros to emerge as the key end-user of air ducts

In 2020, the airports and metros sector held about 20% of the air ducts market share on account of increasing need for better infrastructures globally. The segment is poised exhibit a high growth rate during 2021 to 2027 led by the increasing number of passengers. For instance, globally, the number of air travel passengers crossed a mark of 4.2 billion in 2018, which is further anticipated to grow steadily. Moreover, the increase in construction & expansion activities of airports is further proliferating the need for air conditioning & ventilation systems across the world.
 

Asia Pacific will lead the global consumption

Air Ducts Market Share, By Region

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Asia Pacific air ducts market size is dominating the regional demand and is estimated to observe over 4% CAGR from 2021 to 2027. The robust demand for air ducts in the region can be attributed to the thriving construction and HVAC industry in the past few years. Increasing commercial construction projects along with expansion in the number of shopping complexes and retail stores will significantly fuel the demand for air ducts in the region. In 2020, Asia reported building construction spending of above USD 4.5 trillion, which was almost half of the global expenditure on construction projects.
 

Strategic initiatives adopted by industry participants to bolster their market foothold

Companies are actively involved in strategic activities in order to reinforce their market position and improve business profitability. For instance, in 2016, M&M Manufacturing acquired Snappy Co., a key manufacturer and supplier of metal duct systems for the residential HVAC market. The acquisition was aimed to further expand the business presence across the U.S. and increase competitiveness in the market.
 

Some of the key air ducts market participants include M&M Manufacturing, SET Duct Manufacturing, Novaflex Group, Rubber World Industries, Sisneros Bros. Mfg., Thermaflex, Turnkey Duct Systems, Deflecto, Hennemuth Metal Fabricators, Tin Man Sheet Metal, Dundas Jafine, Zinger Sheet Metal Co., LLC, Ruskin Titus India Pvt., Eastern Sheet Metal and DC Duct & Sheet Metal among others
 

This market research report on air ducts includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2017 to 2027 for the following segments:

Market, by Material

  • Aluminum
  • Galvanized Steel
  • Polymers
  • Fiberglass
  • Others

Market, by Shape

  • Rectangular
  • Oval
  • Round

Market, by End-user

  • Airport & metros
  • Office spaces
  • Retail stores & shopping complexes
  • Multiplex/Auditoriums
  • Hospitality
  • Manufacturing
  • Hospitals
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Russia
    • Bulgaria
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

 

Frequently Asked Questions (FAQ) :

Air ducts market size surpassed USD 4.36 billion in 2020 and could grow at a 3.3% CAGR up to 2027, led by increasing construction activities globally.
Round air ducts industry size could hit the USD 3 billion mark by 2027 as round ducts offer higher efficiency in transporting air compared to other shapes.
Galvanized steel could dominate air ducts market trends with over 50% share by 2027 owing to benefits including high strength, aesthetic appearance, corrosion resistance, and planning flexibility.
Airports and metros accounted for about 20% share of air ducts industry in 2020 and the segment will grow due increasing number of passengers and demand for improved public infrastructure.
Asia pacific air ducts industry share could expand at a 4% CAGR over 2021-2027 driven by flourishing construction sector and robust HVAC demand.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 200
  • Tables: 235
  • Charts / Figures: 28
  • Companies covered: 16
  • Countries covered: 23

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