Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Air Duct Market (2021-2027)Market Forecast By Material Types, Shape Type, Applications and Regions” under Metal & Mineral category. The Saudi Arabia Air Duct Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Air Duct Market is expected to be driven by significant investments towards developing the country’s non-oil sectors over the coming years, which is anticipated to propel the development of retail, transportation, entertainment & leisure and hospitality sectors. Furthermore, investments to augment the residential sector would drive the demand for air ducts in the country. Growing medical and religious tourism in Saudi Arabia would significantly propel the demand for air ducts in the hospitality sector. However, the ban of international pilgrims from Hajj as well as a temporary suspension in tourism and construction activities in 2020 to prevent the spread of coronavirus resulted in a decline in the market revenues during the year 2020.
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Saudi Arabia Air Duct Market size is projected to grow at a CAGR of 9.4% during 2021–27. Efforts to reduce the dependence of the country on the oil sector is expected to bolster the country’s spending on infrastructure development during the forecast period. The ambitious Saudi Vision 2030 plans to improve the economy through a series of measures including infrastructural development, thereby driving the air duct market, especially in residential and commercial sectors, which extensively use centralized cooling. Moreover, high energy efficiency requirements, increasing concerns about the cost of electricity and sustainability in the country would further drive the demand for sustainable building designs which in turn, would augment the demand for air ducts since they minimize leakages and reduce energy losses.
In Saudi Arabia, galvanized steel air duct segment captures the majority of market revenues in the present scenario, and would also lead the market during the forecast period owing to their durability and reliability. Residential, commercial and retail applications garnered maximum revenue share from air duct sales due to the rapid growth of large-scale projects. Over the coming years, applications such as hospitality and retail sectors are projected to grow at a relatively faster pace during the forecast period on the back of policies and investments by the government to bolster the tourism and hospitality sectors. The central region currently holds the major share in the overall air duct market of Saudi Arabia on account of infrastructural developments and relatively high disposable income of people in Riyadh.
The Saudi Arabia air duct market report thoroughly covers the air duct market by material types, shape types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights:
Saudi Arabia Air Duct Market Overview
Saudi Arabia Air Duct Market Outlook
Saudi Arabia Air Duct Market Forecast
Historical Data and Forecast of Saudi Arabia Air Duct Market Revenues for the Period 2017-2027F
Historical Data and Forecast of Revenues, By Material Types, for the Period 2017-2027F
Historical Data and Forecast of Revenues, By Shape Types, for the Period 2017-2027F
Historical Data and Forecast of Revenues, By Applications, for the Period 2017-2027F
Historical Data and Forecast of Revenues, By Regions, for the Period 2017-2027F
Market Drivers and Restraints
Saudi Arabia Air Duct Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Saudi Arabia Air Duct Market Share, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Markets Covered:
The report provides the detailed analysis of the following market segments:
By Material Types:
Galvanized steel
Aluminium
Fiberglass
Polymer
By Shape Types:
Round
Half Round
Triangular
Square/ Rectangular
Other (Oval)
By Applications:
Residential
Commercial Buildings and Offices
Transportation and Public Infrastructure
Retail
Hospitality
Healthcare
Industrial
Others (Education and BFSI)
By Regions:
Central
Western
Southern
Eastern
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