Façade System Global Market Opportunities And Strategies To 2031

The global façade system market reached a value of nearly $288,526.3 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.1% since 2016. The market is expected to grow from $288,526.3 million in 2021 to $400,399.5 million in 2026 at a rate of 6.8%. The market is then expected to grow at a CAGR of 7.6% from 2026 and reach $578,534.6 million in 2031.

Growth in the historic period resulted from strong economic growth in emerging markets, growth in world population, low interest rate environment and growing demand for energy-efficient spaces.

Going forward, global population growth and urbanization, increasing infrastructure development, rapid industrialization, government focus towards construction, rising single family constructions and increasing focus towards sustainability will drive the growth. Factors that could hinder the growth of the façade system market in the future include health and safety measures, rising material costs and the Russian-Ukrainian war.

The façade system market is segmented by material type into wood, metal, ceramic, concrete and glass and other materials. The metal market was the largest segment of the façade system market segmented by material type, accounting for 42.5% of the total in 2021. Going forward, the ceramic market is expected to be the fastest growing segment in the façade system market segmented by material type, at a CAGR of 7.3% during 2021-2026.

The façade system market is segmented by type into EIFS, curtain wall, siding and cladding. The cladding market was the largest segment of the façade system market segmented by type, accounting for 42.3% of the total in 2021. Going forward, the curtain wall market is expected to be the fastest growing segment in the façade system market segmented by type, at a CAGR of 7.4% during 2021-2026.

The façade system market is segmented by end-user into residential, commercial and industrial. The commercial market was the largest segment of the façade system market segmented by end-user, accounting for 46.6% of the total in 2021. Going forward, the residential market is expected to be the fastest growing segment in the façade system market segmented by end-user, at a CAGR of 6.6% during 2021-2026.

Asia Pacific was the largest region in the façade system market, accounting for 33.7% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the façade system market will be Asia Pacific, and, Eastern Europe where growth will be at CAGRs of 7.6% and 7.4% respectively. These will be followed by South America, and, Western Europe where the markets are expected to grow at CAGRs of 7.0% and 6.7% respectively.

The façade system market is highly fragmented with large number of small players. The top ten competitors in the market made up to 1.61% of the total market in 2021. Louisiana Pacific Corporation was the largest competitor with 0.41% share of the market, followed by Compagnie de Saint-Gobain S.A with 0.31%, Rockwool International with 0.23%, Nichiha Corporation with 0.22%, YKK Corporation with 0.17%, Kingspan Group with 0.09%, Enclos Corp with 0.08%, Etex Group with 0.06%, Lindner Group with 0.03%, and Aluplex with 0.01%.

The top opportunities in the façade system market segmented by material type will arise in the metal segment, which will gain $46,398.8 million of global annual sales by 2026. The top opportunities in segment by type will arise in the cladding segment, which will gain $47,160.9 million of global annual sales by 2026. The top opportunities in segment by end-user will arise in the commercial segment, which will gain $57,863.6 million of global annual sales by 2026. The façade system market size will gain the most in the USA at $23,136.5 million.

Market-trend-based strategies for the façade system market include investing in developing solar façade systems, focusing on AI technologies in façade systems, focus on offering smart façades to be used in smart homes, focus on collaborations and partnerships in order to increase market share and focus on innovative façade designs having advanced features.

Player-adopted strategies in the façade system market include developing building solutions through strategic acquisitions, meeting the most demanding sustainability needs of customers and society through new product launches, enhancing product portfolio through the launch of new products and expanding manufacturing facilities.

To take advantage of the opportunities, the publisher recommends the facade system companies to focus on development of solar facades, focus on artificial intelligence (AI) driven facade systems, develop smart home facades, expand in emerging markets, expand in developed markets, offer value-based pricing, provide competitively priced offerings in low-income countries, continue to participate in trade shows and events, focus on building long-term relationships with building contractors, leverage social media and focus on urban population.

This report describes and explains the façade system market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.