Market Size of Europe Facade Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Facade Market Analysis
The size of Europe Façade market is USD 53.1 billion in the current year and is anticipated to register a CAGR of over 3.51 % during the forecast period.
- Covid-19 has hard hit on the construction sector in Europe, resulting in project delays, labor shortages, and halts in some places due to the pandemic restrictions. Later after easing restrictions, the construction sector recovered by more than 20% in May 2020. Thus, the recovered residential and commercial projects further bolstered the utilization of façade products.
- Façade installation is gaining traction in Europe, which is driven by increasing concern towards energy efficiency, and external beautification aspects. In addition, green facade adoption is increasing in Europe, to increase green spaces, and reduce heat emissions. In October 2022, the King Baudouin Foundation planned to fund more than EUR 500,000 (USD 534,175) to support 11 projects to green the public space by creating vertical gardens on the facades of public buildings throughout Belgium. In addition, more than 28 projects were submitted for greening the outer walls of hospitals, town halls, libraries, cultural centers, sports facilities, swimming pools, museums, theatres, libraries, and community centers, out of which nearly 11 projects were selected.
- Moreover, Germany is emerging as a hotspot with increasing commercial and residential constructions and creating opportunities for façade suppliers across the country. Moreover, the country's government also encouraged technological innovations in the façade market, for instance, Germany's Fraunhofer Center for Silicon Photovoltaics (CSP) and the University of Applied Sciences, Technology and Business (HTWK), developed a solar façade, with PV elements which can be tilted to capture more sunlight. Thus, the growing innovations are expected to create more opportunities for façade manufacturers in the region.
