ID: MRFR/CO/6443-HCR | February 2021 | Region: Global | 107 pages
The Exterior Wall System Market is estimated to meet at 8.04% CAGR for 2019 to 2024. The exterior wall system is the pillar of the construction industry. Consumers highly prefer the exterior glass wall systems for their commercial or residential spaces constructions. Moreover, when the consumers do not want to spend much time on construction, the most preferred glass wall system is a modular exterior.
In exterior wall construction, exterior cladding materials like stone, metal, and wood are widely preferred. This is preferred as it offers a high texture and aesthetic appeal to the building of the external. Along with that, the ventilated facade wall system is very popular across the world, and it is considered one of the best outdoor covering technologies. Also, it helps offer protection against adverse weather conditions and humidity. The Exterior Wall System Market has been segregated based on end-use, type, and material. These segments play an important role in the growth of the global market.
According to the Exterior Wall System Industry report, the market is growing due to the government's special focus on promoting and developing their infrastructure. The government is focusing on real-estate industries and the regional infrastructure by introducing various regulations and reforms, enhancing the growth of the construction industry. Likely, the Exterior Wall System Market Growth has been increased. Along with that, the market is growing with the continuous support of the intended audiences like raw material suppliers, associations and industrial bodies, end-users, market research and consulting firms, regulatory bodies, and product manufacturers. Hence, the increasing involvement of various intended audiences in the market has been predicted to show significant Exterior Wall System Market Growth for the forecast period.
COVID-19 Impact Analysis
The global Exterior Wall System Market has largely impacted in 2020 due to the COVID-19 pandemic. The global market has faced a substantial reduction in its CAGR growth. In this period, the global market has experienced a shortage of materials, shortage of labour, disruption in sales, and many others.
According to the Exterior Wall System Industry report, the present situation of the Exterior Wall System Market is stable due to the continuous efforts of the major market players. Hence, it is predicted to generate higher market growth in the upcoming years.
In the previous year's report, it has been observed that the Exterior Wall System Market has shown a moderate amount of growth across various regions of the world. This is because of several growth factors like people's increasing preference for dry construction methods rather than wet construction and the government support for construction across the globe.
The FDI inflow in India has increased to $312.05 bn for the year 2014 to 2021. Across the world, the global foreign direct investment (FDI) inflow is increasing for the construction industry. Hence, it is developing the real-estate and increasing the construction projects, driving the Exterior Wall System Market Growth for the forecast period.
The global Exterior Wall System Market is growing on a large scale and bringing more opportunities for the key players and manufacturers. The market has more growth opportunities due to the strategic partnerships, cost-effectiveness, high-quality product, and collaborations with manufacturing companies.
Hence, these lucrative opportunities encourage the global key players to work hard and bring more opportunities for the global market.
The global Exterior Wall System Market might face restraints due to the high production costs, the stringent government regulations related to carbon emissions, and capital investments.
Therefore, the global key players are applying new strategies and techniques to remove these market restraints.
The global Exterior Wall System Market might face challenges due to the maintenance cost for optimum performance regularly. The maintenance of exterior wall systems like aluminum composite panels, cladding, and curtain walls is required to increase longevity and maintain water tightness.
Another major challenge for the global market can be the pandemic period. The ongoing pandemic has disrupted the productivity and sales of the global Exterior Wall System Market. Hence, the global key players are working collectively to fight these challenges.
The global Exterior Wall System Market has great regional performance in the Asia Pacific region, generating the higher Exterior Wall System Market Size for the forecast period. Moreover, the cumulative growth of Europe and the American regional market is bringing more scope to the global market.
The Exterior Wall System Industry report shows that the global market is witnessing higher growth than the previous growth report.
Market segment Overview
Based on the material segment, the global Exterior Wall System Market has been segmented into brick & stone, metal panels, plasterboards, fibre cement, ceramic tiles, EIFS, glass panels, high-pressure laminate (hpl) boards, fibreglass panels, wood boards, and others.
Out of all, the glass panels segment had generated the largest Exterior Wall System Market Share in 2018. Further, the glass panels segment is estimated to boost its growth by generating the highest CAGR for the forecast period.
Based on the type segment, the global Exterior Wall System Market has been divided into the non-ventilated facade, ventilated facade, and curtain wall systems.
Among these, the ventilated facade segment had generated the largest Exterior Wall System Market Share for 2018. Further, this segment has predicted to increase the higher CAGR for the research period.
Based on the end-users segment, the global Exterior Wall System Market has been segregated into industrial, residential, and commercial.
Among these, the commercial end-user segment has expected to generate the largest Exterior Wall System Market Share for the assessment period due to the increasing construction projects in various emerging countries.
Based on the regional classification, the global Exterior Wall System Market has been classified into different regions like Asia-Pacific, North America, Europe, and the rest of the world (RoW).
The Asia-Pacific market was predicted to generate the largest Exterior Wall System Market Size for 2018. Further, this regional market has aimed to meet the goal for the forecast period due to the increasing growth of the construction industry, growing construction projects in the countries like India and China, and growing support of the government for developing the infrastructure of the region. Likely, the regional market of Europe and North America are generating a moderate market share for the forecast period.
Competitive Landscape Analysis
Across the world, the Exterior Wall System Market Trends has moderate numbers of players with high competition to enhance the growth of the global market. These moderate key players are:
These key players adopt various ideas and strategies to increase the Exterior Wall System Market Size and expand its global presence. Additionally, they have adopted strategies like collaborations with manufacturing companies, strategic partnerships, cost-effectiveness, and high-quality product.
The Exterior Wall System Market Trends report has covered the market driving factors, market challenges, market restraints, and market opportunities to measure the performance of the global market. The global market report has included qualitative and quantitative methods of analysis to measure this performance. Along with that, the primary and secondary data collection method has also included getting the overall perspectives of the global market.
Further, the Exterior Wall System Market Trends report has highlighted the market segmentation, market overview, market dynamics, and regional analysis to get a deeper insight into the global market performance across the various region. Along with that, recent developments and competitive landscapes have also been observed.
|Market Size||2030: Significant Value|
|CAGR||8.04% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Type and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Nippon Sheet Glass Co., Ltd (Japan), AGC Inc. (Japan), Saint-Gobain (France), Evonik Industries (Germany), Kronoplus Limited (Austria), Fletcher Building (New Zealand), EGGER Group (Austria), TORAY INDUSTRIES, INC. (Japan), USG BORAL (Singapore), and ELEMENTIA (Mexico). LafargeHolcim (Switzerland), CSR Limited (Australia), Sika AG (Switzerland), 3A Composites GmbH (Switzerland), and Owens Corning (US).|
|Key Market Opportunities||
|Key Market Drivers||Demand for dry construction methods|
Frequently Asked Questions (FAQ) :
The global Exterior Wall System Market has predicted to achieve an 8.04% CAGR for the forecast period.
The global Exterior Wall System Market has been segmented into types, end-users, and materials.
The Asia Pacific region is dominating the global Exterior Wall System Market for the forecast period.