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The HVAC air duct market share is expected to increase by USD 1.54 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.29%.
This HVAC air ducts market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the HVAC air ducts market segmentation by material (steel metal ducts, flexible and non-metallic ducts, and fiberglass duct boards) and geography (APAC, Europe, North America, the Middle East, Africa, and South America). The HVAC air ducts market report also offers information on several market vendors, including Airmake Cooling Systems, Airtrace Sheet Metal Ltd., Alan Manufacturing Inc., CMS Group of Companies, DuctSox Corp., FabricAir AS, Imperial Manufacturing Group, KAD Airconditioning LLC, Lindab AB, M and M Manufacturing Co., Masterduct Inc., Naudens Sheet Metal Manufacturers, Saudi Akhwan Ducting Factory Co. Ltd., SFP Ltd., Texas Duct Systems LLC, Thermaflex International Holding BV, TurnKey Duct Systems, VK Steel, Waves Aircon Pvt. Ltd., and ZEN Industries Inc. among others.
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The stringent energy consumption and environmental regulations are notably driving the HVAC air ducts market growth, although factors such as a lack of skilled workforce may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the HVAC air ducts industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key HVAC Air Ducts Market Driver
One of the key factors driving growth in the HVAC air ducts market is the stringent energy consumption and environmental regulations. Increased environmental concerns and the fast depletion of natural resources have driven developed economies to adopt strict energy and environmental regulations. The EU has set a target to reduce GHG emissions by 20% below the 1990 levels by 2020 and by 80%-90% by 2050. EU member states have the world’s highest environmental standards. This is encouraging consumers and companies to adopt energy-efficient and environment-friendly air distribution systems. Increased environmental standards have also led to the replacement of old HVAC systems in these buildings with new ones to comply with the new regulations. The EU building regulations that stipulate ventilation regulations for airtight buildings have also increased the demand for air ducts.
Key HVAC Air Ducts Market Trend
Innovative sealing solutions to prevent HVAC air duct leakages are an HVAC air ducts market share trend that is expected to have a positive impact in the coming years. To reduce leakage from air ducts, vendors are developing new sealing solutions. One such solution is Aeroseal, developed at the Lawrence Berkeley National Laboratory together with the US DOE, EPA, and sponsorship of local utility companies. The product conforms to stringent duct leakage standards in new constructions besides aiding in the repair of ventilation shafts and ducts in existing buildings. It involves a computerized process in which an aerosol mist of sealant is applied to the inside of the ducts to locate and seal all the leaks.
Key HVAC Air Ducts Market Challenge
The lack of a skilled workforce will be a major challenge for the HVAC air ducts market during the forecast period. The global HVAC systems market witnessed rapid technological advances. Such advances are increasing the need for end-users to upgrade HVAC systems, which eventually adds up the cost. Shifting from the existing HVAC systems to new and advanced systems leads to high costs. Therefore, end-users prefer upgrading the existing systems by retrofitting, which incurs a lower cost than changing the complete system. Retrofitting requires highly skilled labor with knowledge about the latest innovations and technologies in HVAC systems to comply with the rapidly improving technological advances in the global HVAC systems market and the global HVAC air ducts market. However, the global HVAC industry lacks skilled labor for installation services and maintenance. The lack of technical expertise and skilled labor in the HVAC industry is expected to challenge the global HVAC air ducts market.
This HVAC air ducts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global heating, ventilation, and air conditioning (HVAC) air ducts market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the HVAC air ducts market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the HVAC air ducts market encompasses successful business strategies deployed by the key vendors. The HVAC air ducts market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The HVAC air ducts market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the HVAC air ducts market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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55% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for HVAC air ducts in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising investments in the real estate sector will facilitate the HVAC air ducts market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The regional HVAC air ducts market witnessed certain challenges due to the outbreak of COVID-19 in 2020. The outbreak affected the economies of many countries in the region, such as China, India, South Korea, and Japan. However, the deployment of HVAC systems increased in the residential sector due to the adoption of the WFH module and thus positively impacted the regional market. Also, in February 2020, the government authorities in China released a guideline to regulate the use of air-conditioning and ventilation systems in offices and public places to contain the spread of COVID-19.
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The HVAC air ducts market share growth in the steel metal ducts segment will be significant during the forecast period. The track record of sheet metal ducts in terms of effectiveness, besides its durability, is the most compelling reason that sustains and increases the segment's share of the market. The low maintenance cost associated with sheet metal ducts also contributes to its demand in the market. On the contractor's side, the preference for sheet metal ducts is growing mainly because of their ease of installation.
This report provides an accurate prediction of the contribution of all the segments to the growth of the HVAC air ducts market size and actionable market insights on post COVID-19 impact on each segment.
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HVAC Air Ducts Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.29% |
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Market growth 2022-2026 |
$ 1.54 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.12 |
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Regional analysis |
APAC, Europe, North America, Middle East, and Africa, and South America |
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Performing market contribution |
APAC at 55% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Airmake Cooling Systems, Airtrace Sheet Metal Ltd., Alan Manufacturing Inc., CMS Group of Companies, DuctSox Corp., FabricAir AS, Imperial Manufacturing Group, KAD Airconditioning LLC, Lindab AB, M and M Manufacturing Co., Masterduct Inc., Naudens Sheet Metal Manufacturers, Saudi Akhwan Ducting Factory Co. Ltd., SFP Ltd., Texas Duct Systems LLC, Thermaflex International Holding BV, TurnKey Duct Systems, VK Steel, Waves Aircon Pvt. Ltd., and ZEN Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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