Market Size of North America Facade Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Facade Market Analysis
The size of North America Facade market is USD 48.74 billion in the current year and is anticipated to register a CAGR of over 3% during the forecast period
- The implementation of lockdowns and transportation bans, the closure of industrial facilities, and labor scarcity had a negative impact on the performances of significant participants in North America's construction and real estate industries. Notably, the COVID-19 pandemic had the greatest negative impact on the US construction industry in 2020 because of labor scarcity, project suspension and cancellation, and disruptions in supply and logistics. The North American facade market was adversely affected in the short term as a result.
- Some of the factors driving the market are the rising urbanization levels and the expansion of contemporary infrastructure. The need for facades is also being driven by rising consumer living standards and a growing interest in aesthetically pleasing building designs. The market is expanding even more as a result of the growing preference for ceramic, glass, or PVC-based alternatives to conventional roofs, sidings, and wall claddings.
- The demand for facades to control internal temperature and offer thermal insulation has increased as a result of the emergence of green and energy-efficient buildings, reducing the need for additional HVAC systems. In addition, the increasing use of facades in commercial and industrial buildings due to their enhanced durability, weatherproofing, and manufacturing, is accelerating market expansion.
