The North America Metal Ceilings Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Metal Ceilings Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $706.5 million by 2031. The Canada market is experiencing a CAGR of 6.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2024 - 2031).
As economies grow and urbanize, the demand for new construction and renovation projects increases, driving the need for high-quality building materials like this. Rapid urbanization has increased commercial and residential construction activities, particularly in emerging economies.
Moreover, the construction industry is expected to grow significantly over the next decade. According to a Construction Perspectives and Oxford Economics report, the construction industry is set to grow to $13.9 trillion by 2037, with China, the United States, and India emerging as superpower construction sectors.
The construction industry in North America, particularly in the commercial and industrial sectors, is experiencing steady growth. This translates to increased demand for building materials, including this. According to the U.S. Census Bureau, construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion. This growth is bolstered by government initiatives such as the Infrastructure Investment and Jobs Act, which allocates $1.2 trillion for infrastructure projects over the next decade, including upgrades to public buildings, transportation hubs, and healthcare facilities.
Free Valuable Insights: The Metal Ceilings Market is Predict to reach USD 3.6 Billion by 2031, at a CAGR of 4.6%
Based on Application, the market is segmented into Interior, and Exterior. Based on Material, the market is segmented into Aluminium, Steel, and Others. Based on End User, the market is segmented into Commercial, Transport, Education, Retail, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Application
By Material
By End User
By Country
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