US HVAC Air Ducts Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Board, and Others) and Application (Commercial Buildings, Residential Buildings, and Industrial Buildings)
Market Introduction
The HVAC air ducts market is expected to grow at a significant rate with the growing demand for HVAC systems in the US. The growth in the residential sector, industries, and commercial buildings across the US is generating substantial demand for HVAC systems, which is bolstering the HVAC air ducts market. Approximately 87% of the residences in the US have air conditioners, and the count is continuing to grow year-on-year. This is supporting the growth of HVAC systems, thereby resulting in the growth of the HVAC air ducts market. The majority of the HVAC air ducts installed across the US are manufactured from sheet metal. However, in recent times, fabric ducts are gaining prominence among the HVAC system manufacturers in the US. For instance, the leading HVAC air duct manufacturers such as Fabricair, DuctSox, and VentUSA are increasing the production volumes of fabric air ducts. This trend is expected to propel the HVAC air duct market in the coming years.
Further, the rising adoption of green building technology across the US is expected to fuel market growth. The benefits associated with green building technology such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment are attracting many residential and commercial developers and governments to implement this technology. Subsequently, the demand for HVAC systems is expected to increase due to the application of renewable energy for heating and ventilation of premises. However, the COVID-19 pandemic severely affected the market due to the shutdown of a major portion of the US economy. The halt in production of major manufacturing industries has negatively impacted the market from its demand side. Also, the outbreak of COVID-19 has negatively impacted the market’s supply chain.
The future of the HVAC air ducts market is promising in the US, owing to the presence of numerous players operating in the market. In addition, several new advanced air duct technologies/product types are emerging, which is expected to create growth opportunities for the market in the forthcoming years. However, the longer lifespan of the HVAC air ducts is one of the prominent restraining factors. The HVAC air ducts have an approximate 20–25 years lifespan. According to several manufacturers and associations in the HVAC industry and HVAC air duct market, the end users should replace their HVAC air ducts once in 15 years, as after consistent usage for 15 years, the systems begin to deteriorate, significantly reducing the HVAC system’s efficiency. Thus, the longer lifespan is considered to be a critical factor for the slow growth of the market.
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Market Overview and Dynamics
The US HVAC air ducts market is expected to grow from US$ 1,232.41 million in 2021 to US$ 1,620.03 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
The evolving technology in HVAC systems is expected to spur the demand for HVAC air ducts in the near future. The rising adoption of advanced technologies such as the internet of things (IoT) in HVAC systems is expected to fuel the growth of the HVAC air ducts market during the forecast period. The new HVAC technologies which use IoT are embedded with sensors and software that enables the HVAC system to exchange data with other connected devices. IoT systems are expected to improve preventative maintenance by sensing data on air quality and equipment status. The IoT technology will also bring more automation in HVAC systems by integrating their functions with other virtual assistant devices such as Alexa to change the temperature through the voice. Hence, with the advent of IoT in HVAC systems, these systems are expected to provide predictive service maintenance alerts to users before any real issue occurs. Also, there will be more automation features in HVAC systems. Thus, the above-mentioned technological trends are expected to increase the demand for HVAC systems, thereby fuelling the growth of the HVAC air ducts market.
Impact of COVID-19 Pandemic on US HVAC Air Ducts Market
The US is the worst-hit country in North America, as thousands of infected individuals faced severe health conditions across the country. In 2020, the majority of the manufacturing plants operated with minimum staff or halted their manufacturing operations. Also, the supply chain of components and parts was disrupted. These are a few of the critical issues faced by the US. Also, lower demand for new HVAC system in commercial, industrial, and residential sectors except healthcare has hampered the growth of the US HVAC air ducts market. For instance, according to the Heating Air-conditioning & Refrigeration Distributors International (HARDI), the HVAC distributor experienced ~19% decline in HVAC orders in April 2020 compare to the previous years .
According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. Construction activities were declined in 2020, and the trend is prevailing in 2021 also. The construction activities are declined by ~ 20% in the hospitality industry, by ~ 8% in the retail sector, and close to 11% in commercial offices. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install the high volumes of HVAC systems have been hit at various levels by the COVID-19 pandemic.
Key Market Segments
Based on product type, the US HVAC air ducts market is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct board, and others. In 2020, the sheet metal ducts segment led the market with the largest market share. By application, the US HVAC air ducts market is segmented into commercial buildings, residential buildings, and industrial buildings. In 2020, the residential buildings segment accounted for the largest market share.
Major Sources and Companies Listed
A few top companies operating in the US HVAC air ducts market are DUCTSOX, SETDuct, Gemini Group Inc., Flexmaster U.S.A., Turnkey Duct Systems, US DUCT, FABRICAIR, Thermaduct, Spiral Pipe of Texas, M&M Manufacturing, and Masterduct Inc. Various other companies operating in the market are coming up with new technologies and offerings, which is helping the US HVAC air ducts market to expand in terms of revenue.
Reasons to Buy Report
- To understand the US HVAC air ducts market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the US HVAC air ducts market
- To efficiently plan M&A and partnership deals in the US HVAC air ducts market by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the US HVAC air ducts market
- To obtain revenue forecast for market by various segments from 2020 to 2028 in the US
US HVAC Air Ducts Market Segmentation
US HVAC Air Ducts Market – by Product Type
- Sheet Metal Ducts
- Flexible Non-Metallic Ducts
- Fiberglass Duct Board
- Others
US HVAC Air Ducts Market – by Application
- Commercial Buildings
- Residential Buildings
- Industrial Buildings
US HVAC Air Ducts Market - Companies Mentioned
- DuctSox
- SETDuct
- TurnKey Duct Systems
- US Duct
- FabricAir
- Thermaduct
- Spiral Pipe of Texas
- M&M Manufacturing
- Gemini Group, Inc.
- Masterduct, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US HVAC Air Ducts Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. US HVAC Air Ducts Market – Key Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Green Building Technology in US
5.1.2 Increasing Number of Data Centers
5.2 Market Restraints
5.2.1 Intense Competition from Ductless HVAC Systems for Residential Segment
5.3 Market Opportunities
5.3.1 Growing Application of Geothermal Heat Pumps
5.4 Future Trends
5.4.1 Rising Technological Advancements in HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. US HVAC Air Ducts – Market Analysis
6.1 Overview
6.2 US: HVAC Air Ducts Market – Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning – US Market Players Ranking
7. US HVAC Air Ducts Market – By Product Type
7.1 Overview
7.2 US: HVAC Air Ducts Market, By Product Type (2020 and 2028)
7.3 Sheet Metal Ducts
7.3.1 Overview
7.3.2 Sheet Metal Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Flexible Non-Metallic Ducts
7.4.1 Overview
7.4.2 Flexible Non-Metallic Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fiberglass Duct Boards
7.5.1 Overview
7.5.2 Fiberglass Duct Boards: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8. US HVAC Air Ducts Market – By Application
8.1 Overview
8.2 US: HVAC Air Ducts Market, By Application (2020 and 2028)
8.3 Commercial Buildings
8.3.1 Overview
8.3.2 Commercial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Residential Buildings
8.4.1 Overview
8.4.2 Residential Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial buildings
8.5.1 Overview
8.5.2 Industrial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9. US HVAC Air Ducts Market - COVID-19 Impact Analysis
9.1 US: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 DuctSox
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 SETDuct
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 TurnKey Duct Systems
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 US Duct
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 FabricAir
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Thermaduct
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Spiral Pipe of Texas
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 M&M Manufacturing
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Gemini Group, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Masterduct, INC.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. US: HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. US HVAC Air Ducts Market Segmentation
Figure 2. US HVAC Air Ducts Market Overview
Figure 3. US HVAC Air Ducts Market – By Product Type
Figure 4. US HVAC Air Ducts Market – By Application
Figure 5. US – PEST Analysis
Figure 6. US: HVAC Air Ducts Market – Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. US HVAC Air Ducts Market Impact Analysis of Drivers and Restraints
Figure 9. US: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. US: HVAC Air Ducts Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. Sheet Metal Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Flexible Non-Metallic Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Fiberglass Duct Boards: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. US: HVAC Air Ducts Market Revenue Share, by Application (2020 and 2028)
Figure 16. Commercial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Residential Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Industrial buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Impact of COVID-19 Pandemic on US HVAC Air Ducts Market
The List of Companies - US HVAC Air Ducts Market
- DuctSox
- SETDuct
- TurnKey Duct Systems
- US Duct
- FabricAir
- Thermaduct
- Spiral Pipe of Texas
- M&M Manufacturing
- Gemini Group, Inc.
- Masterduct, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US HVAC air ducts market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the US HVAC air ducts market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.