The North America rainscreen cladding market size is expected to reach USD 54.1 billion by 2025 exhibiting a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for energy-efficient buildings and rising consumer awareness regarding product benefits are likely to fuel the market growth over the forecast period.
Rainscreen cladding systems are widely utilized in construction industry for various end-use applications such as rainwater & adverse weather protection, improved external appearance, and acoustic performance. Their increasing application scope in areas such as institutions, hospitals, stadiums, malls, and offices is also anticipated to fuel the market growth over the forecast period. Office application segment in Canada accounted for the highest revenue share of 30.3% in 2018 owing to high product penetration in this segment
The North America rainscreen cladding industry is highly competitive in terms of product differentiation, quality of claddings, and pricing. The market players are focusing on improving product quality in terms of durability, aesthetic appeal, and energy efficiency to strengthen their position in the industry. Some players are also considering adoption of strategies like mergers and acquisitions to get integrated into the value chain and establish themselves in the global market.
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High consumer awareness, positive government outlook, and early product penetration have resulted in a high demand for rainscreen cladding in the North American region. The region is also witnessing rapid industrial development and increasing investments from the government as well as private companies in commercial construction. In addition, increased incidence of natural calamities including hurricanes and wildfire hitting different parts of the U.S. is anticipated to have a positive effect on construction sector in the country, thereby driving the demand for rainscreen cladding over the forecast period.
Further key findings from the report suggest:
- Residential construction segment is expected to progress at a CAGR of 7.0%, in terms of revenue, over the projected period owing to increasing demand for energy-efficient homes in Canada and the U.S.
- In North America, terracotta rainscreen cladding segment was valued at USD 12.2 billion in 2018 owing to its durability, resistance to UV radiation, recyclability, fast & easy installation, and weatherproof & fireproof properties
- The U.S. consumed metal rainscreen cladding materials worth USD 3.9 billion in 2018 owing to their superior flatness, high tensile strength, corrosion resistance, durability, rigidity & stability under changing thermal conditions, and low maintenance properties
- Major players in the North America rainscreen cladding market are focusing on R&D activities to reduce their operational costs; maximize the efficiency of production, storage, & transportation facilities; attain shortened lead times; and enhance the quality of products.
Key Topics Covered
Chapter 1 Methodology And Scope
1.1 North America Rainscreen Cladding Market: Market Segmentation & Scope
1.2 North America Rainscreen Cladding Market: Market Definitions/Introduction
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation And Data Visualization
1.6 Data Validation And Publishing
Chapter 2 Executive Summary
2.1 North America Rainscreen Cladding Market: Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Rainscreen Cladding Market Outlook
3.2 North America Rainscreen Cladding Market: Market Size And Growth Prospects, 2014 – 2025
3.3 North America Rainscreen Cladding Market: Value Chain Analysis
3.3.1 Raw Material Trends
188.8.131.52 Major Raw Materials Analysis
3.3.2 Manufacturing Trends
184.108.40.206 Technology Trends
220.127.116.11 Cost Structure Analysis
3.3.3 Overview Of Labor, Material, Equipment, Indirect Costs, And Approach To Markup
18.104.22.168 Equipment Overview
22.214.171.124 Indirect Costs
126.96.36.199 Total Acm Costs
3.3.4 Sales Channel Analysis
3.3.5 Vendor Selection Criteria Analysis
3.3.6 Profit Margin Analysis
3.4 Technology Overview
3.4.1 Vented Systems
3.4.2 Drained And Vented Systems
3.4.3 Pressure-Equalised Systems
3.4.4 Prevailing Technology In The Rainscreen Cladding Market And Upcoming Technological
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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