ID: MRFR/CO/6932-HCR | February 2021 | Region: Global | 107 pages
The Curtain Walls Market Size is projected to grow at a CAGR of 10.3%. According to MRFR analysis, the market value will reach up to USD 50.1 Billion during the forecast period 2021-2028.
In the past few years, the Curtain Walls Industry observed significant growth due to high demand in the commercial and residential segment of the construction industry. Hence, as the real-estate industry will rise, the market of curtain walls will also register a significant boost in the upcoming years.
Curtain walls are made up of glass, metal panels, and even thin stones. It provides various benefits such as beneficial usage of natural sunlight and mitigating the costs of electricity by reducing artificial lights. Along with that, strict regulations by the government are also leading to the huge growth of the Curtain Walls Industry. There are various advantages of installing curtain walls slowing down the speed of fire, regulation of heat during different seasons, and many more.
The curtain walls give the place a new look and are suitable for places like schools, gyms, offices, malls, airports, etc. Along with the glass, some crucial raw materials are also included in the curtain walls such as steel, iron, and aluminum. It means that fluctuating prices of these materials can also affect the costs of the Curtain Walls Market.
The rise in the COVID-19 pandemic has heavily affected the Curtain Walls Market Growth. Lockdown to control the spread of the virus has disrupted the supply chain. Also, due to the shortage of workers, the construction projects in the industry were halted. As a result, the demand for curtain walls fell significantly. Hence, until the pandemic gets over, the construction projects for both the commercial and residential projects will remain affected.
The key players in the global curtain walls market are trying to design enhanced and personalized solutions. This will help them to attract more audience. Also, heavy investments in research and developments and materials are promoting the market. Apart from that, that market strategies such as collaborations, partnerships, new ventures, product launches, etc. are helping them to increase their brand portfolio. These are key players of the Curtain Walls Industry-
The major driver for the growth of the global curtain walls market is the rapid increase in urbanization. Also, the growing investment in the development of infrastructure and technological advancements in the materials for building constructions for residential and commercial purposes will fuel the Curtain Walls Market Growth. Also, the enhancement in designs and utilization of new tools will further elevate the overall look of the buildings. It also protects the building from UV rays, fire, and weather changes.
The high costs for installation can be a huge restraining factor for the Curtain Walls Industry. Other raw materials such as steel, aluminum, and iron are also used for installing curtain walls. The fluctuation in the prices of these materials will also hamper the Curtain Walls Market Growth.
The increasing initiatives that are supported by the government for the development of "smart cities," will open several opportunities. Thus, the manufacturers in the Curtain Walls Industry will be highly benefitted from the new opportunities in the forthcoming years.
One of the major challenges is a reduction in the growth of the construction industry and real estate. Also, It will be crucial to safely transport the heavy materials without any harm from the external environment. Thus, finding appropriate laborers will be a huge challenge for the key players.
It is estimated that the Curtain Walls Market Value will record a substantial growth of 10.3% CAGR. As per the MRFR analysis, the value will increase up to USD 50.1 Billion during the forecast period 2021-2028. With the several driving factors and growth opportunities, the market will record significant growth.
Value Chain Analysis
The growing awareness of sustainable solutions to effectively use natural resources is increasing the Curtain Walls Market Trends. Also, the increasing regulations about energy consumptions will fuel the adoption of curtain walls product. Thus, the value chain of the Curtain Walls Industry will rather boost in the upcoming years of the forecast period.
The market segments of the global Curtain Walls Industry are divided into end-use, construction type, and system. On the basis of end-use, the Curtain Walls Industry is further divided into commercial and residential. The commercial sub-segment is further classified into shopping malls, office spaces, healthcare, educational institutes, hospitality, and others.
On the basis of the system, the Curtain Walls Industry is further classified into semi-unitized, unitized, and stick-built. Previously in 2018, the unitized segment held the largest share in the market. It has several benefits such as water and air filtration, quality control, and many more.
Lastly, on the basis of construction type, the Curtain Walls Industry is again divided into refurbishment and new construction. It is estimated that the new construction segment will hold the largest market share as well in the forthcoming years.
Geographically, the Curtain Walls Market Share is divided into North America, Asia-Pacific, Europe, and the Rest of the World. It is evaluated that the Asia-Pacific region will hold the largest market share in the forthcoming years. It is because of the growing investments by the key players and the supportive initiatives by governments. Also, the rapid growth of the hospitality and tourism sector will simultaneously fuel the market value extensively. Growing countries like India, Singapore, Thailand, Malaysia, will escalate the growth of the Curtain Walls Industry.
After that, North America is anticipated to hold the second-largest market share in the forecast period. The huge investments in the hospitality sector and availability of high-end materials will create huge opportunities for the growth of the Curtain Walls Industry.
The report overview of the Curtain Walls Industry is as follows-
Report Score and Segmentation
The score of the report is to give significant information about the Curtain Walls Market Outlook. The report covers the necessary information such as opportunities, market analysis, challenges as well. The information in this report is collected through primary and secondary sources. Along with that, it also provides substantial information about the key players in the market.
|Market Size||2018: USD 45 Billion|
|CAGR||9.2% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||GUARDIAN GLASS LLC (US), AVIC SANXIN CO., LTD (China), Alumil (Greece), Aluplex (India), heroal (Germany), EFCO CORPORATION (US), HansenGroup (Denmark), and GUTMANN AG (UAE).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global curtain wall market is projected to grow at approximately 9.2% CAGR during the assessment period (2019-2025).
Global curtain wall market had created a valuation of around USD 45 BN in 2018
Based on construction type, new construction segment, based on system, unitized type segment, and based on end-use, the commercial segment holds majority shares in the global curtain wall market.
Asia Pacific holds the largest share in the global curtain wall market, followed by North America and Europe, respectively.
Avic Sanxin Co., Ltd. (China), Reynaers (Belgium), Guardian Glass LLC (US), Aluplex (India), Alumil (Greece), HansenGroup (Denmark), Kawneer (US), Kalwall (US), Ponzio (Italy), HUECK System GmbH & Co. (Germany), GUTMANN AG (UAE), Heroal (Germany), and EFCO Corporation (US), are some of the top players operating in the global curtain wall market.