The air duct market is anticipated to grow at a CAGR of 4.2% during the forecast period. Air ducts are the channels and pipes which are utilized to convey air across the building. The factors that include growing consumer awareness associated with energy conservation, improve thermal barriers from outdoor ambiance with effective indoor temperature control of the building and increasing demand for HVAC equipment attributed to the growth in residential and commercial construction are boosting the growth air duct market during the forecast period. Moreover, growing consumer expenditure on green building construction to deliver effective ventilation is projecting the growth of the air duct market. 

Air ducts are available in a variety of shapes such as the oval, rectangular and round. The rectangular shape is most commonly used for ducts in the construction industry. Additional properties that include enhanced efficiency, long-term performance, health and financial benefits with decrease impact on surroundings are propelling the air duct industry share that leads to government agencies and builders to adopt improved HVAC equipment to optimize energy consumption. R&D spending in product innovation such as fiberglass and flexible equipment is significantly growing the demand for air duct during the forecast period. However, the growing adoption of ductless equipment for heating and air conditioning purposes has hampered the growth of the air duct market during the forecast period. 

Segmental Outlook 

The global air duct market is segmented on the basis of material, and application. Based on material, the market is segmented into galvanized steel, fiberglass, polymers, aluminum, and other material. Based on the application, the market is segmented into residential, commercial, and industrial. The commercial segment is expected to have considerable share owing to its wide application in commercial sectors such as retail, corporate, and transportation. Developed economies such as the US and Japan are highly adopting HVAC air duct in the transportation sector. For instance, Japan has the most modern transportation networks and infrastructures. High-speed trains are operated in major cities and in Japan, there are 97 airports. The country has invested in the development of infrastructures such as building new terminals and airports. Hence, creating demand for air duct within the country. 

Global Air Duct Market Share by Application, 2018 (%)

Regional outlook 

The global air duct market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World (RoW). In Asia-Pacific, the air duct market has a significant growth rate during the forecast period attributed to the growing construction of residential and commercial buildings with growth in public infrastructure spending. Additionally, inclination towards energy conversation along with regulatory support for green buildings that support the demand of the air ducts is expected to increase the growth of the market during the forecast period. 

Global Air Duct Market Growth, by Region 2019-2025

Asia-Pacific to Dominate the Air Duct Market 

Asia-Pacific holds the largest share in the air duct market during the forecast period attributed to large investments in the infrastructure projects. Additionally, measures taken through government to enhance health services that lead to investment in healthcare sector and private investments are growing in the regional medical sector that result in a sharp rising in the number of hospitals and diagnostic centers in the emerging countries that have result in the positive impact on the demand of the air duct  market in the region. Moreover, favorable government policies such as China National Home Appliance Replacement Program is anticipated to benefit the business development and increasing urban population with rapid urbanization in economies such as India, Malaysia, and Indonesia is boosting the growth of the market during the forecast period. 

Market Players Outlook

The key players of the air duct market include Airmake Cooling Systems, Lindab AB, Hennemuth Metal Fabricators, Imperial Manufacturing Group, Lambro Industries, Inc., M&M Manufacturing, and Ruskin Titus Gulf (A Johnson Control, Inc.). These companies are adopting various strategies in order to acquire a major share in the market. For instance, Lindab AB acquired Ductmann Ltd., a UK manufacturer of rectangular and fire-rated ductwork and silencers. The aim of this acquisition is to further strengthen the product offering for ventilation systems in the UK. Ductmann is certified for the production of fire-rated ductwork systems, an important and growing product segment. The combination of the two businesses provides excellent opportunities to increase the service to Lindab’s customers.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global air duct market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.