HVAC Air Duct Market Size, Trends and Growth Analysis by 2027

The HVAC air duct industry was valued at approximately US$ 13,213.7 million in 2021 and is anticipated to grow to US$ 17,502.6 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028.

Several factors are propelling the expansion of the HVAC air duct market, particularly in developing regions of the Asia Pacific. The increasing implementation of HVAC air ducts in both commercial and residential sectors, coupled with rising disposable incomes and swift urbanization, are significant contributors to this growth. Furthermore, the adoption of green building technologies in the United States, along with the proliferation of data centers globally, is expected to present lucrative opportunities for market participants in the near future. In addition, heightened investments in developing nations within the Middle East and Africa are fostering the use of HVAC air ducts across commercial, industrial, and residential applications in these areas.

Concerns regarding global warming and fluctuating climate conditions worldwide are also influencing the demand for HVAC air ducts. In Europe, the need for these systems is projected to increase significantly, driven by their essential role in hotels, restaurants, resorts, cafeterias, food and beverage processing facilities, and multiplexes. Moreover, the growing integration of advanced technologies, such as the Internet of Things (IoT), into HVAC systems is likely to further stimulate market growth during the forecast period. The incorporation of IoT technology is expected to enable HVAC systems to provide predictive maintenance alerts, allowing users to address potential issues before they escalate. Additionally, enhanced automation features in HVAC systems are anticipated to boost demand, thereby propelling the HVAC air duct market forward.

The COVID-19 pandemic has had a profound impact on businesses worldwide, negatively affecting the demand for HVAC air ducts, particularly among small and medium enterprises. However, as conditions normalize, the HVAC air duct market is projected to experience significant growth during the forecast period. The continuous rise in COVID-19 cases led governments to impose restrictions on the movement of people and goods, resulting in lockdowns and business closures. These measures caused a decline in production and reduced service frequency across various sectors, including manufacturing, automotive, electronics, oil and gas, aviation, and mining, leading to a notable drop in revenues.

The HVAC air duct market is categorized based on product type, application, and geographical region. In terms of product type, the market is divided into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. By application, it is segmented into industrial, commercial, and residential uses. Geographically, the global HVAC air duct market is segmented into several regions: North America (including the US, Canada, and Mexico), Europe (comprising France, Germany, Italy, the UK, Russia, and the rest of Europe), Asia Pacific (including Australia, China, India, Japan, South Korea, and the rest of APAC), the Middle East and Africa (covering South Africa, Saudi Arabia, the UAE, and the rest of MEA), and South America (including Argentina, Brazil, and the rest of SAM). Notably, Asia Pacific held a significant share of the global market in 2021.

Key players in the global HVAC air duct market include TIN MAN SHEET METAL FABRICATION, LLC, Hennemuth Metal Fabricators, Waves Aircon Pvt. Ltd., DuctSox, Lindab, TurnKey Duct Systems, M&M Manufacturing, SetDuct, US Duct, and V.K. STEEL.

The overall size of the global HVAC air duct market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast for the HVAC air duct market across all segments. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in this process included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the HVAC air duct sector.