Press release
Duct Market to Hit USD 21.5 Billion by 2031 | Key Players - FabricAir, Thermaflex, Durkeesox.
Duct Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new opportunities in today's rapidly evolving global landscape.The Global Duct Market reached US$ 12.1 billion in 2022 and is expected to reach US$ 21.5 billion by 2031, growing with a CAGR of 7.4% during the forecast period 2024-2031.
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A duct is a tube or passageway used in construction and mechanical systems to convey air, fluids, or cables. In HVAC systems, ducts distribute conditioned air throughout a building. In medicine, ducts refer to bodily channels like the bile duct or tear duct. Their design and material vary based on the intended function-metal for industrial air systems, or flexible polymers for ease of installation. Efficient duct design impacts energy use and system performance.
Duct Market Recent Development:
According to the United Nations report, the urban population is projected to increase by 2.5 billion by 2050, driving a significant surge in demand for infrastructure and real estate development.
List of the Key Players in the Duct Market:
Lindab, Saint-Gobain Performance Plastics (ISOVER), CMS Group of Companies, Imperial Manufacturing Group, FabricAir, Thermaflex, Durkeesox (Wuhan)Air Dispersion System Co., LTD, Aldes Group, Kad Air Conditioning (Bin Dasmal Group), DMI Companies.
Assessing the Effects of U.S. Tariffs on the Duct Market
The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.
Research Process:
Both primary and secondary data sources have been used in the global Duct Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Duct Market:
By Type: Galvanized Steel Duct, Aluminum Duct, Flexible Duct, Fabric Duct, PVC Cable Duct, Polyethylene Duct, Fiberglass Duct, Others.
By Shape: Round, Half Round, Square/Rectangular, Triangular, Others.
By Application: Public Facilities, Commercial Facilities, Industrial Facilities, Others.
Regional Analysis for Duct Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
People Also Ask:
Most Frequently Asked Questions in the Duct Market Research Industry:
➠ What are the global figures for sales, production, consumption, imports, and exports in the Duct market?
➠ Who are the top manufacturers in the global Duct industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?
➠ What key opportunities are available for vendors in the Duct market, and what challenges are they likely to encounter?
➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?
➠ What are the major drivers and barriers influencing the growth trajectory of the Duct market?
➠ What are the primary sales, marketing, and distribution strategies used across the global Duct industry landscape?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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