Glass Curtain Wall Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2027
The global ''wall market'' sizeis projected to reach USD 71.14 billion by 2027, exhibiting a CAGR of 7.3%during the forecast period. Increasing foreign direct investment (FDI) incommercial construction projects in developing economies will be a powerfuldriving force for the market, postulates Fortune Business Insights™ in itsreport, titled “Glass Curtain Wall Market Size, Share & COVID-19Impact Analysis, By Product Type (Stick-built, Unitized and other), ByApplication (Commercial buildings and Residential buildings), and RegionalForecast, 2020-2027”. Emerging economies in Asia and Africa aregrowing at a furious pace, which is creating enormous investment opportunities,particularly in the real estate sector, for investors and companies in thedeveloped nations. With a view to attracting investments, governments in thesecountries are simplifying processes and policies to create a friendlyinvestment climate.
For example, in India, the central government is contemplatingallowing 100% FDI in completed real estate projects amid the COVID-19 pandemic.India already allows 100% FDI via the automatic route in constructiondevelopment projects. Large investments in commercial and residentialconstruction projects will naturally generate high demand for premium buildingaesthetics such as glass curtain wall systems, which will fuel market growth.
List of the Leading Companies Profiled in the Global Glass CurtainWall Market are:
- Central Glass (Japan)
- AVIC Sanxin Co., Ltd (China)
- Guardian Industries (US)
- Vitro (Mexico)
- Asahi Glass (Japan)
- Saint-Gobain (France)
- Xinyi Glass Holdings Limited (Hong Kong)
- China Glass Holdings Limited (Hong Kong)
- Schott AG (Germany)
- Nippon Sheet Glass (US)
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill.We understand that this health crisis has brought an unprecedented impact onbusinesses across industries. However, this too shall pass. Rising support fromgovernments and several companies can help in the fight against this highlycontagious disease. There are some industries that are struggling and some arethriving. Overall, almost every sector is anticipated to be impacted by thepandemic.
We are taking continuous efforts to help your business sustain andgrow during COVID-19 pandemics. Based on our experience and expertise, we willoffer you an impact analysis of coronavirus outbreak across industries to helpyou prepare for the future.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
As per the report findings, the global market value stood at USD48.06 billion in 2019. The main highlights of the report include:
- Actionable insights into the factors driving, constraining, and shaping the growth of the market;
- Comprehensive analysis of the key market segments;
- Exhaustive research into the regional developments impacting the market; and
- Detailed profiling and careful assessment of the key market players and their strategies.
Market Restraint
Contracting Construction Activities Worldwide amid COVID-19 toTruncate Growth
Construction projects around the globe have hit a rock asgovernments in several countries have been imposing strict lockdown and socialdistancing measures to contain the spread of the coronavirus. The UK-basedRoyal Institution of Chartered Surveyors (RCIS) reported in August 2020 that25% of construction projects, globally, had come to a halt in the secondquarter of 2020, with on-site productivity falling by 12%.
Furthermore, the RCIS estimated that overall growth inconstruction activities was -24% in the second quarter. Projects delays andcancellations look imminent and this will inevitably stymie the glass curtainwall market growth as builders and developers are unlikely to invest in andadopt high-end aesthetics such as glass curtain walls for their constructions.In the residential sector, diminished sentiments and economic downturn,especially in developing nations, will further inhibit investments in costlystructural enhancements, which in turn affect the health of this market.
Regional Insights
Asia Pacific to Command the Market Share Backed by Strong Growthin Construction
Asia Pacific dominated the glass curtain wall market share in2019, boasting a market size of USD 20.04 billion. The singular reason for theregion’s commanding position in the global market is the robust growth of theconstruction industry in India, China, Thailand, and Vietnam.
The market in Europe is expected to perform impressively as commercialconstructions in Eastern European countries are rapidly increasing. Inaddition, the construction industry in the UK in thriving, bolstering theregional market growth. In the Middle East & Africa region, the market willbe led by the rich countries in the Gulf Cooperation Council (GCC), who arelooking to diversify their economies by promoting sectors other than oil &gas.
Competitive Landscape
Key Players to Capture Commercial Construction Domain with NovelSolutions
The booming demand for commercial infrastructures andconstructions has created unprecedented opportunities for companies in theglass industry. In order to tap them, key players in this market are developingnovel glass curtain wall systems to diversify their offerings to potentialcustomers and maximize revenues.
Key Industry Developments:
April 2020: Italy-based Gualini Spaannounced that it will be completing the extension project at the Orio alSerio, Italy’s third-largest airport in terms of passenger numbers. Gualiniwill also be supplying and installing stick curtain walls with external glazedfacades to make the building aesthetically pleasing.
April 2019: Vitro Architectural Glass installed twosolar control low emissivity glass solutions, which are part of the company’sunitized curtain wall systems, in Urban Union, Amazon’s headquarter expansionproject in Seattle. The site-built, high-performance glass products are aimedat making the building sustainable and energy efficient.
Glass Curtain Wall Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market byvarious segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecastperiod?
What Factors are estimated to drive and restrain the market growth?
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912
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