North America Glass Curtain Wall Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation
North America Glass Curtain Wall Market was valued at USD 9.03 billion in 2023. The North America Glass Curtain Wall Market size is estimated to grow at a CAGR of 7 % over the forecast period.
Format : PDF | Report ID : SMR_975
North America Glass Curtain Wall Market Definition:
Glass curtain walls are lightweight aluminum-framed facades with glass or metal panels. These glass systems cannot support the weight of a roof or floor. Gravity loads and wind resistance are instead transferred from the surface to the building's floor line. Curtain walls are widely utilized as part of a wall system or as part of the building envelope. Some of the reasons driving segment growth in the glass curtain wall market include increased investment in the construction of large commercial buildings and rising desire for residential constructions with sleek modern architectural aesthetics.
Further, the North America Glass Curtain Wall market is segmented by Type, application, construction type, and geography. On the basis of Type, the North America Glass Curtain Wall market is segmented Stick Builts, Unitized, and Others. Based on the Application, the North America Glass Curtain Wall market is segmented under the channels of commercial, and residential. Based on the Construction type, the North America Glass Curtain Wall market is segmented under the channels of new construction, and Refurbishment. By geography, the market covers the major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
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North America Glass Curtain Wall COVID 19 Insights:
Several governments and private sector businesses are operating at reduced capacity or have completely ceased operations due to recent events surrounding the COVID-19 pandemic. Manufacturing of various consumer items and other things came to a halt all over the world due to a scarcity of raw materials, labour constraints, and other issues. This is expected to suffocate the North America glass curtain wall market in the near future. The development of the COVID-19 epidemic has slowed the growth of the glass curtain wall market. As a result of the lockdown to prevent the virus from spreading, the supply chain has been affected. Due to manpower scarcity, construction projects in the market have also been halted. As a result, demand for curtain walls has decreased dramatically. As a result, both commercial and residential development projects will be impacted until the pandemic is over.
North America Glass Curtain Wall Market Dynamics:
Market Driver: The North America glass curtain wall market is being boosted by significant growth in the building and construction sector around the world. Demand for energy-efficient façade systems is increasing, and environmental requirements are becoming more stringent. Furthermore, the North American glass curtain wall market is driven by technological improvements in the glass sector and an increase in commercial and industrial construction activities. North America's glass curtain wall market is also being driven by a growing awareness of ecologically friendly construction facilities and the growing popularity of green buildings.
The North American curtain wall market is primarily driven by rapid urbanization. Increased investment in infrastructure development and technological developments in building materials for residential and commercial construction will help propel the North America Curtain Walls Market forward. Furthermore, changes in design and the use of new tools will enhance the overall aesthetic of the structures. It also protects the structure from UV rays, fire, and weather changes.
Market Restraint: High installation costs could be a major stumbling point for the North American curtain wall market. Steel, aluminum, and iron are just a few of the basic elements that can be used to create curtain walls. Price fluctuations in these materials will stymie the growth of the North American curtain wall market.
In North America, the rising adoption of 'Green Building' standards is expected to enhance demand for glass curtain walls. The North American glass curtain wall market is expected to grow at a revenue-based CAGR of 6.4 % over the forecast period because of the good prognosis for the office and commercial development sector in the United States and Mexico. The office construction market in the United States has been steadily growing over the last five years as companies' need for office space has increased. Approximately 95.8 million square feet of office space is now under construction in the United States. As a result, continuing construction projects like the redevelopment of St. John's Terminal and Hudson Yards are expected to drive North America glass curtains wall market growth.
North America Glass Curtain Wall Market Segment Analysis:
By Type, The unitized system led the glass curtain wall market with over 55 % of sales. Unitized systems are popular because of their ease of installation and compatibility with high-rise building structures. It generates significantly less waste than conventional methods and is especially well suited to applications requiring large amounts of cladding. The unitized system is built off-site in a controlled environment, providing a high-quality final product. After that, the glass panels are delivered to the construction site and put together. The system's installation, however, demands the use of specialized cranes, restricting its usage to high-volume applications.
By Application, The residential segment of the glass curtain wall market is estimated to develop at significant CAGR over the forecast period. Multifamily residential complexes are gradually employing a variety of energy-saving methods, such as installing energy-efficient lighting and HVAC systems. As a result, glass curtain walls are expected to become more popular in the future. The public segment includes stadiums, public buildings, and other transit facilities such as airports, bus terminals, and train stations. Green building rules are gradually being used by these venues in order to save energy and meet various regulatory criteria. As a result, the use of glass curtain walls in such places has enormous energy-saving potential.
The commercial end-use sector led the market for glass curtain walls because of the growing emphasis on the construction of energy-efficient office spaces and commercial structures. Over the forecast period, growing investment in the refurbishment of existing office buildings is also expected to drive demand for glass curtain walls. Commercial properties include hotels, resorts, hospitals, and shopping malls. These firms consume a significant amount of electricity and spend a significant amount of money on it. Furthermore, high electricity use raises operational costs significantly, reducing overall profit margins.
North America Glass Curtain Wall Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the North America Glass Curtain Wall market to the stakeholders in the market. The report provides trends that are most dominant in the North America Glass Curtain Wall market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Glass Curtain Wall Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the North America Glass Curtain Wall market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the market and market growth through the forecast period. The report also includes the competitive landscape of key players in the market along with their recent developments in the North America Glass Curtain Wall market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Glass Curtain Wall market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the North America Glass Curtain Wall market. The report also analyses if the North America Glass Curtain Wall market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Glass Curtain Wall market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Glass Curtain Wall market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Glass Curtain Wall market is aided by legal factors.
North America Glass Curtain Wall Market Scope:
North America Glass Curtain Wall Market |
|
Market Size in 2023 |
USD 9.03 Bn. |
Market Size in 2030 |
USD 14.50 Bn. |
CAGR (2024-2030) |
7 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
by Type
|
by Application
|
|
by Construction Type
|
|
Country Scope |
United States Canada Mexico |
North America Glass Curtain Wall Market Key Players:
- Guardian Industries (US)
- Nippon Sheet Glass (US)
- Vitro (Mexico)
- Ditto Sales (US)
- Procurve(US)
- Elmont Glass Co Inc (US)
- Dillemeir Glaa Company (US)
- CNC Glass(US)
- C.R.Laurence (US)
Frequently Asked Questions
The market size of the North America Glass Curtain Wall Market by 2030 is expected to reach USD 14.50 Billion.
The forecast period for the North America Glass Curtain Wall Market is 2024-2030
The market size of the North America Glass Curtain Wall Market in 2023 was valued at USD 9.03 Billion.
1. North America Glass Curtain Wall Market: Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. North America Glass Curtain Wall Market Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments
3. North America Glass Curtain Wall Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. North America Glass Curtain Wall Market: Dynamics
4.1. North America Glass Curtain Wall Market Trends
4.2. North America Glass Curtain Wall Market Drivers
4.3. North America Glass Curtain Wall Market Restraints
4.4. North America Glass Curtain Wall Market Opportunities
4.5. North America Glass Curtain Wall Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factors
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
5. North America Glass Curtain Wall Market: Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. North America Glass Curtain Wall Market Size and Forecast, by Type (2023-2030)
5.1.1. Stick-Built
5.1.2. Unitized
5.1.3. Others
5.2. North America Glass Curtain Wall Market Size and Forecast, by Application (2023-2030)
5.2.1. Commercial
5.2.2. Residential
5.3. North America Glass Curtain Wall Market Size and Forecast, by Construction Type (2023-2030)
5.3.1. New Construction
5.3.2. Refurbishment
5.4. North America Glass Curtain Wall Market Size and Forecast, by Country (2023-2030)
5.4.1. United States
5.4.2. Canada
5.4.3. Mexico
6. Company Profile: Key Players
6.1. Guardian Industries (US)
6.1.1. Company Overview
6.1.2. Product Segment
6.1.2.1. Product Name
6.1.2.2. Product Details (Price, Features, etc)
6.1.3. Financial Overview
6.1.3.1. Total Revenue
6.1.3.2. Segment Revenue
6.1.4. SWOT Analysis
6.1.5. Strategic Analysis
6.1.6. Recent Developments
6.2. Nippon Sheet Glass (US)
6.3. Vitro (Mexico)
6.4. Ditto Sales (US)
6.5. Procurve(US)
6.6. Elmont Glass Co Inc (US)
6.7. Dillemeir Glaa Company (US)
6.8. CNC Glass(US)
6.9. C.R.Laurence (US)
7. Key Findings
8. Industry Recommendations
8.1. Strategic Recommendations
8.2. Future Outlook