HVAC Air Duct Market Analysis and Forecast to 2031: By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Boards, Others), Application (Residential, Commercial, Industrial), and Region

HVAC Air Duct Market Analysis and Forecast to 2031: By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Boards, Others), Application (Residential, Commercial, Industrial), and Region

The global HVAC air duct market was valued at US$ 13.2 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 3.8% during the forecast period.

An air duct system consists of a pathway for conditioned air that is, cooled or heated by the ventilation, heating, and air conditioning system (HVAC). The air duct system consists of various components such as smoke & fire dampers, vibration isolators, volume control dampers, stack boots & heads, turning vanes, terminal units, plenums, and air terminals. The air ducts are mainly classified according to their use and requirement in various industries. The material used in air ducting used according to the requirement it can be Aluminium, Galvanized Steel, Polymers, Fiberglass, and Others. In addition, the shape of the air duct can be oval, rectangular, or round shape.

Air duct technology has its application in rapid transportation, airports, and an increase in adoption of construction equipped with air duct technology. The air ducting is adopted by government offices, hospitals, Multiplex, shopping malls, manufacturing units, and transportation systems. Some advantages of having air ducting are, it creates a clean living environment that reduces dust in the premises and maintains hygiene that reduces the efforts of cleaning the interior. In addition, air not only contains specks of dust but many other harmful micro-organisms and contaminants such as bacteria, mildew, pet dander, pollen, mold spores, and other toxins.

Market Drivers and Trends

Rising inclination toward green building technology and increasing number of data centers are propelling the growth of the HVAC air duct market. Green buildings offer many economic or financial benefits, which are relevant to a range of different people or groups of people. With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others, the demand for advanced HVAC systems is surging. Many residential and commercial sector architects and governments implement green buildings technology owing to its various benefits, such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market growth. Moreover, the growing number of data centers across the world is propelling the demand for HVAC system and subsequently driving the HVAC air ducts market growth. Additionally, the growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. The technology is widely used for heating and cooling for premises, and its wide acceptance is expected to increase the demand for HVAC air ducts in the coming years.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of HVAC air ducts and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of HVAC air ducts are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce HVAC air ducts based on specific requirements.

Global HVAC Air Duct Market Segmental Overview

The report analyses the global HVAC air duct market based on product type, application, and region.

Global HVAC Air Duct Market by Product Type

Based on product type, it is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment is expected to be the largest segment in the HVAC air duct market in 2021. The sheet metal ducts are rigid air ducts and are available in different sizes and shapes, such as rectangular and cylindrical. Sheet metal duct is rigid in structure which gives the advantage of less risk of kinks or bends. However, the rigidity makes it less suitable for tight or tricky spaces. Sheet metal ducts are made from either galvanized steel or aluminum. Mold resistant nature of the nonporous material used in sheet metal ducts is the prominent factor driving the market growth. Also, easy to clean smooth surfaces, durability, and lightweight are the leading factors propelling the market growth. The availability of advanced ductwork designing software and fabricated sheet metal as per requirement demand for sheet metal ducts is flourishing in commercial and residential sectors. Increasing demand for HVAC systems in the commercial industry is supporting the market growth. Due to above mentioned factors, the sheet metal ducts segment is expected to hold a major market share in 2021.

Global HVAC Air Duct Market by Application

Based on application, it is segmented into residential, commercial, and industrial. The residential segment is expected to be the largest segment in the HVAC air duct market in 2021. The residential sector is among the prominent arenas to adopt HVAC systems. The demand for residential air conditioning has been consistently surging over the years, and the trend is anticipated to continue in the coming years. This is foreseen to continue to support the growth of the HVAC air ducts market. Moreover, the construction of residential (both single-family homes and apartment buildings) showcases an upward trend in the US nations. The installation of HVAC in the residential sector is among the residents' top priorities, and due to the rising construction activities, the demand for HVAC would surge. Thus, the residential segment is expected to hold a major market share in 2021.Geographical Analysis of Global HVAC Air Duct Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The Asia-Pacific HVAC air ducts market is growing due to growing industrialization, increase in disposable income of the consumers, rising demand for luxury products, and stringent government norms focusing on global warming are the factors that is expected to drive the growth of the segment. Growing construction sector in countries such as China and India, which are witnessing huge investments in the infrastructure sector, specifically for retail spaces, commercial office buildings, manufacturing facilities, metro rail lines, and expansion and construction of airports. This attribute increasing commercial construction projects along with expansion in the number of shopping complexes and retail stores will significantly fuel the demand for HVAC air ducts in the region. Thus, it propels the growth of the HVAC air duct market in Asia Pacific.

Major Players in the Global HVAC Air Duct Market

The key players studied in the global HVAC air duct market are

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of HVAC air ducts worldwide. Thus, the COVID-19 pandemic negatively affected the global HVAC air duct market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of HVAC air ducts.

Recent Developments

April 2019, Durkee Annual distributor conference was successfully held in Shanghai on April 8th, 2019. Distributors from more than 20 countries and regions were invited to come back Durkee big family. Durkee focused on industry and adopted differentiated business and marketing strategies for different industry development stages from 2019. Meanwhile, Durkee actively support each distributor to develop core customer relationships in their local regions, thereby, this should lay a solid foundation for the acceleration of DURKEE internationalization so as to be one of the most professional and reliable fabric ductwork manufacturers.Frequently Asked QuestionsQ1. How big is the HVAC air duct market?Ans. The global HVAC air duct market size was US$ 13.2 billion in 2021 and is anticipated to reach US$ 19.3 billion in 2031, growing at a rate of 3.8% from 2022 to 2031.Q2. What is the HVAC air duct market growth rate?Ans. The growth rate of the HVAC air duct market is 3.8% from 2022 to 2031.Q3. Which region holds a major market share for the HVAC air duct market?Ans. Asia Pacific holds a major market share of the HVAC air duct market in 2021.Q4. Which segment accounted for the largest HVAC air duct market share?Ans. Based on product type, it is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment is expected to be the largest segment in the HVAC air duct market in 2021.Q5. Who are the key players in the HVAC air duct market?Ans. The global HVAC air duct market report includes players such as Q6. What are the factors driving the HVAC air duct market growth?Ans. The major factor driving the growth of the market is surge in inclination toward green building technology and increasing number of data centers.Q7. What are the key growth strategies of HVAC air duct market players?Ans. The key growth strategies of HVAC air duct market players are product launch, partnerships, and government initiatives.Q8. Which region will provide more business opportunities for the HVAC air duct market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the HVAC air duct market during the forecast period.

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