The soaring construction of high-rise buildings is predicted to bolster the curtain wall market in 2020. The construction reports are made by Market Research Future, which includes market options for progress. A 9.2% CAGR is estimated to fortify the global market in the forecast period.
The initiation of several large scale projects is estimated to bolster the curtain wall market industry in the near future. Also, the presence of positive government regulations is predicted to enhance the curtain wall market in the forthcoming period.
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Segmental Analysis
The segmental examination of the curtain wall market has been segmented on the basis of system, region, construction type, and end-use. The system based segmentation of the curtain wall market has been segmented into stick-built, unitized, and semi-unitized. The end-user base segmentation of the curtain wall market is bifurcated into residential and commercial. On the basis of construction type, the curtain wall market has been segmented into refurbishment and new construction. Based on the regions, the curtain wall market has been segmented into Europe, the Middle East, Asia-Pacific, North America, Africa, and South America.
Detailed Regional Analysis
The regional assessment of the curtain walls market is segmented into regions such as Europe, the Middle East, Asia-Pacific, North America, Africa, and South America. The curtain walls market in the Asia Pacific is anticipated to hold the principal market portion owing to an upsurge in international foreign direct investment (FDI) inflow and the accessibility of low-cost labor and land. The increased investment in hospitality, shopping malls centers and healthcare construction in the Asia Pacific region is estimated to spur the curtain walls market share in the impending period.
Competitive Analysis
The optimization of the resources in the market is predicted to create promising options for growth in the impending period. The recalibration of the supply chains is estimated to undertaken at a fast pace in this period ahead. The economic downturn is predicted to induce contenders into carrying out deliberation of their opportunities to plan for the long term expansion. The marketing budgets in the market are estimated to be restricted due to the lack of liquidity in the market, and this is foreseen to transform the overall market in the impending period. Also, the market is estimated to focus on a locally based structure to reduce operating cost in these times. The imperative conditions for growth are estimated to spur the market considerably in the impending period. The need to transform the service and the product delivery is projected to create a favourable scope for development of the market. The competition in the market is estimated to ramp up because of the lack of profitable opportunities in the market.
The significant companies functioning in the curtain walls industry are Ponzio (Italy), AVIC SANXIN CO., LTD (China), Alumil (Greece), Aluplex (India), Kawneer (US), heroal (Germany), GUARDIAN GLASS LLC (US), HansenGroup (Denmark), GUTMANN AG (UAE), HUECK System GmbH Co. (Germany), Kalwall (US), EFCO CORPORATION (US), and Reynaers (Belgium) to name a few.
Industry Updates:
July 2020 An event was recently kept in Egypt’s new administrative centre to denote the beginning of the large-scale setting up of the curtain wall components in the Central Business District (CBD) project’s P4 unit. Other sections in addition to the P4 section, will also launch the curtain wall project rapidly, commemorating the large-scale installation phase of the curtain walls in the CBD scheme. The project will yield the benefit of the progress made in the curtain wall system to hasten project distribution in the COVID-19 pandemic, and thus encourage the local economic advance.
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