Report : US HVAC Air Ducts Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Board, and Others) and Application (Commercial Buildings, Residential Buildings, and Industrial Buildings)
Rise in Construction Activities Fueling US HVAC Air Ducts Market Growth
As per the latest market study on “US HVAC Air Ducts Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Board, and Others) and Application (Commercial Buildings, Residential Buildings, and Industrial Buildings),” the market was valued at US$ 1,232.41 million in 2021 and is projected to reach US$ 1,620.03 million by 2028; it is expected to grow at a CAGR of 4.0% from 2021 to 2028.
Technological advancements have led to a competitive market in the US as the population gets attracted to several technological developments owing to high spending powers. With the increasing adoption of air conditioning, heating, and ventilation systems in commercial buildings across the US, the HVAC industry is constantly growing in the US. The HVAC air duct enables HVAC manufacturers to offer advancements such as improved space-saving, energy efficiency, and airflow in HVAC systems. Besides, the rising adoption of small-sized HVAC systems is creating ample opportunities for the market players to develop advanced small air ducts compatible with small sizes. Further, the rising demand for air quality improvement systems in the US is propelling the adoption of sheet metal duct-based HVAC systems. The market players are offering advanced air ducts for new and retrofit HVAC systems to prevent or repair the leakages. Approximately 87% of the residences in the US have air conditioners, and the count is continuing to grow year-on-year. This is supporting the growth of HVAC systems, thereby resulting in the growth of the HVAC air ducts market. The majority of the HVAC air ducts installed across the US are manufactured from sheet metal. The future of the HVAC air ducts market is promising in the US, owing to the presence of numerous players operating in the market. In addition, several new advanced air duct technologies/product types are emerging, which is expected to create growth opportunities for the market in the forthcoming years. However, the longer lifespan of the HVAC air ducts is one of the prominent restraining factors. The HVAC air ducts have an approximate 20–25 years lifespan.
Impact of COVID-19 Pandemic on HVAC Air Ducts Market
The lower demand for new HVAC systems in commercial, industrial, and residential sectors except healthcare has hampered the growth of the US HVAC air ducts market. According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. Construction activities were declined in 2020, and the trend is prevailing in 2021 also. The construction activities are declined by ~ 20% in the hospitality industry, by ~ 8% in the retail sector, and close to 11% in commercial offices. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install the high volumes of HVAC systems have been hit at various levels by the COVID-19 pandemic. Hotels, hospitality, and restaurants are struggling due to the concerns over the transmission of novel coronavirus, even after they could reopen. Thus, the impact of COVID - 19 pandemic is severe on the HVAC ducts market as demand for new installations is lowered in commercial and industrial sector.
A few key companies profiled in the US HVAC air ducts market report are DuctSox; SETDuct; TurnKey Duct Systems; US Duct; FabricAir; Thermaduct; Spiral Pipe of Texas; M&M Manufacturing; Gemini Group, Inc.; and Masterduct, Inc. Along with these, several other market players are analyzed, which contributes substantial revenues toward the growth of the US HVAC air duct market.
The report segments US HVAC air ducts market as follows:
Based on end user, the US HVAC air ducts market is segmented into residential buildings, commercial buildings, and industrial buildings. At present, the requirement of air cooling technology to maintain constant room temperature is pushing residential buildings to install high-quality, efficient, and environment-friendly HVAC systems. Also, rising industrialization in the US is propelling the demand for HVAC systems in newly-built factories. Based on type, the US HVAC air ducts market is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct board, and others.
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