Ceiling Grid System Market Size, Share, Growth, and Industry Growth by Type (Aluminum and Galvanized Steel) By Application (Residential, Industrial, Hospital, Commercial, and Institutional) Regional Forecast To 2031

Updated On: 01 April 2024

Ceiling Grid System Market Report Overview

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The global ceiling grid system market size was USD 2.902 billion in 2021 the market is projected to touch USD 4.038 billion by 2030, exhibiting a Compound annual growth rate (CAGR) of 3.75% during the forecast period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.

The ceiling grid system hangs ceiling tiles from the primary ceiling. It helps in hiding the pipes and wiring above the ceiling; it hung from the old joists and ceiling.

The factors anticipated to expand market growth are growing construction activities and the high need to repair the old building. Rapid renovation activities and a rise in need from emerging economies are predicted to drive market growth. Several advantages of the system and increased urbanization is anticipated to accelerate market growth. The adoption of the system offers easy plumbing and wiring services. It allows flexibility of layout, and the requirement of establishing affordable housing is anticipated to surge market growth. Increased demand for ceiling décor and high demand for the system among architecture is anticipated to fuel market growth in the forthcoming years. On the contrary, increased raw material cost is estimated to limit market growth during the forecast period.

COVID-19 Impact: Lack of Construction Activities to Harm Market Growth

Stringent lockdown measures and numerous challenges during the pandemic harmed market growth. Lack of construction activities to harm market growth. Supply and chain disruption coupled with lower production activities to minimize market growth. High demand for safety and social distance protocols to reduce market progress.

LATEST TRENDS

"Increased Need to Repair Old Construction to Fuel Market Growth "

High demand to repair old buildings and increased need for decorative ceilings among consumers is anticipated to fuel market growth. Rapid technology advancement and increased R&D activities are estimated to fuel market progress. High demand for the system among the residents and enhanced innovation of aesthetic flooring and walls is projected to fuel market growth. The systems offer to improve the aesthetic features of the ceiling. A rise in disposable income and the high spending capacity of a consumer are predicted to drive market progress throughout the estimated period.

Ceiling Grid System Market Segmentation

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• By Type

Based on type, the market is divided into aluminum and galvanized steel.

Galvanized steel is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into residential, industrial, hospital, commercial, and institutional.

Residential is expected to be the top part of application segmentation.

DRIVING FACTORS

"New Construction and Rapid Urbanization to Stimulate Market Growth "

Increasing construction activities globally has several advantages, such as hiding the pipes and wiring above the primary ceiling. Further, it provides easy access and lightweight materials such as wool, mineral, and gypsum ceiling. These factors are estimated to foster market growth. The system offers improved indoor air quality and maintains efficiencies of water, energy, and other resources, which is anticipated to fuel market growth in the forthcoming years. Rapid urbanization and technological advancement are likely to provide lucrative opportunities in the ceiling grid system market growth.

"Rise in Population and Improving Economic Globally to Foster Market Progress"

The rising population and rapid improve the economy is estimated to surge market growth. The adoption of the system offers easy plumbing and wiring services. It allows flexibility of layout, and the requirement of establishing affordable housing is anticipated to surge market growth. Increased demand for ceiling décor and high demand for the system among architecture is anticipated to fuel market growth in the forthcoming years. The majority of interior designers are adopting the system, and growing competition among market players is estimated to surge market progress in the upcoming years.

RESTRAINING FACTORS

"Increased Raw Material Cost to Harm Market Growth "

Increased raw material cost is estimated to limit market growth during the forecast period.   

Ceiling Grid System Market Regional Insights

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"Increased Construction Activities in North America to Drive Market Share "

North America is anticipated to account for the highest ceiling grid system market share owing to increased construction. Rapid renovation activities and a rise in need from emerging economies are predicted to drive market growth. Several advantages of the system and increased urbanization is anticipated to accelerate market growth. The adoption of the system offers easy plumbing and wiring services. It allows flexibility of layout, and the requirement of establishing affordable housing is anticipated to surge market growth. Increased demand for ceiling décor and high demand for the system among architecture is anticipated to fuel market growth in the forthcoming years.

Asia Pacific is projected to hold the largest market share due to the high demand for the system among the residents. Enhanced innovation of aesthetic flooring and walls is projected to fuel market growth. The systems offer to improve the aesthetic features of the ceiling. A rise in disposable income and the high spending capacity of a consumer is predicted to drive market progress throughout the estimated period

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Gordon Incorporated (U.S.)
• Norton Industries Inc. (U.S.)
• SAS International (U.K.)
• USG Corporation (U.S.)
• Shanghai Simon Wall Ceiling (China)
• Yoshino Gypsum (Japan)
• National Gypsum (U.S.)
• Techno Ceiling (India))
• Zhejiang Youpon Integrated Ceiling Co Ltd. (China)
• DAIKEN Corporation (Japan)
• Saint-Gobain (France)
• Armstrong (U.S.)
• Knauf AMF (Germany)
• Ouraohua (China)
• Grenzebach BSH (Germany)
• Siniat (Belgium)
• Architectural Surfaces, Inc. (U.S.)
• Hunter Douglas (Netherlands)
• OWA Ceiling Systems (Germany)
• Rockfon (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.