The global suspended ceiling systems market is valued at USD 6.8 Billion in 2022 and is projected to reach a value of over USD 10 Billion by 2030, growing at a CAGR of 4.5% over the forecast period 2022-2030.
Global Suspended Ceilings Market – Overview
Suspended ceiling systems are defined as secondary ceilings suspended above the structural floor slab, which creates a space between the top of the suspended ceiling and the underside of the floor slab.
With the concealment of the underside of the floor slab, the void provided useful space for the distribution of heating, ventilation, and air conditioning (HVAC) services and plumbing and wiring services. It is also used to provide a platform for the installation of smart speakers, light fixtures, wireless antennas, CCTV cameras, fire and smoke detectors, motion detectors, sprinklers and others.
Suspended ceiling systems are typically suspended from a bracket attached to the underside of the floor slab supporting a series of interlocking metal sections that form a grid of panels, such as installable ceiling tiles.
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Key Market Trends – Growth Driver and Challenges
Each market has its growth determinants and challenges. One of the major factors fueling the growth of the market over the forecast period is the need for affordable housing. Changing interior and exterior architectural trends in the construction industry have also increased the use of innovative design and sales of suspended ceiling systems in the protective building materials market.
Also, the demand for suspended ceiling system or panels for interior construction, and for improving overall aesthetics and sound insulation material has driven the market.
Additionally, the progress made in developing the aesthetic features of the suspended ceiling system has also opened new opportunities for the growth of the global suspended ceiling system market over the forecast period.
Acoustic insulation along with technological developments are driving the growth of the market over the forecast period.
Segmented analysis of the market
- Mineral wool
The metals segment led the market growth over the forecast period.
Based on the product
The ceilings segment led the market growth over the forecast period.
Based on end user industry
- commercial building
- Residential construction
- industrial building
The commercial segment led the market growth over the forecast period.
North America is expected to grow at a considerable CAGR
The global suspended ceiling systems market is segmented into 4 major regions, namely North America, Europe, Asia-Pacific, Middle East and Africa. Among these, North America led the market growth over the forecast period. This is due to the wider adoption of the suspended ceiling system and its unique properties.
Main market players
Some of the major companies operating in the market are
- Knauf AMF,
- Architectural Surfaces, Inc.
- Integrated Ceiling Youpon Co Ltd,
- DAIKEN Corporation,
- Company of Saint-Gobain SA
Main questions answered by this report
- What is the growth rate of the global Suspended Ceiling System market?
- What are the main determinants of market growth?
- What are the major regions that make up the geographical landscape of the market?
- What are the major companies operating in the market?
Main findings of the report
- The global suspended ceiling systems market is expected to grow at a CAGR of 4.5% during the forecast period.
- The requirement to establish affordable housing promotes the progression of the market.
- The caps segment is poised to grow significantly over the forecast period.
- North America dominated the regional market sphere during the forecast period.
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