Glass curtain wall market is likely to witness an impressive CAGR of 10.2% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Recycling Equipment & Machinery market
Glass curtain wall market is likely to witness an impressive CAGR of 10.2% during the forecast period. The growing demand for glass curtain wall is mainly due to the enhancement of the appearance of the exterior walls, rise in the need for energy-efficient buildings, and the need to provide protective layer to large buildings.
Asia-Pacific is estimated to be the largest as well as fastest growing glass curtain wall market during the forecast period, with China, Japan, India, and Australia being the growth engines. The market is driven by the increasing demand for aesthetic appeal and energy saving in modern infrastructure. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Report Scope & Market Segmentation
Glass Curtain Wall Market Share: By System Type
Based on the system type, the market is segmented as unitized and stick. The unitized segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Unitized systems provide quicker installation as almost 70% of the components are assembled in factories and minimize the need for manpower onsite, which leads to reduction in the labor cost.
Glass Curtain Wall Market Share: By End-Use Type
Based on the end-use type, the glass curtain wall market is segmented as commercial, public, and residential. The commercial segment leads the market owing to rapid urbanization and increasing number of skyscrapers. Glass curtain walls used in buildings help to reduce energy costs as they act as protective layers for large-scale commercial buildings and render aesthetic appearance to the facade of the buildings
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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