Air Ducts Market Analysis

Air Ducts Market Analysis

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.

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.
 

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 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.