North America Architectural Walls Market Size By Material (Metal, Plastic and Fiber, Wood), By Sales Channel (Online and Offline), By Geographic Scope And Forecast

North America Architectural Walls Market Size And Forecast

North America Architectural Walls Market size was valued at USD 3,862.85 Million in 2022 and is projected to reach USD 6,394.82 Million by 2030, growing at a CAGR of 6.12% from 2023 to 2030.

The rising construction industry and increased consumer spending in the construction industry will drive Market growth during the forecast period. The North America Architectural Walls Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

North America Architectural Walls Market Definition

Walls are referred to as the vertical structure predominantly used to carry a load and provide security. Commonly used walls are made up of bricks and stones to divide or surround the area. Walls are either movable or stationary; depending upon the usage, different wall types are used. The architectural walls are the demounted or portable wall types that can be used considering the space and user’s needs. Architectural barriers are available in several designs, styles, and colors to provide superior functionality and aesthetics. As these walls are movable, it is easy to install and remove from the space, allowing the users to reconfigure the room when required. The advantages of the architectural walls are aesthetically appealing, noise reducing, easy for installation and removal, sustainable designs, and available in a vast variety of colors and designs that complement the room ambiance.

North America Architectural Walls Market Overview

The rising construction industry and increased consumer spending in the construction industry will drive Market growth during the forecast period. According to the US Census Bureau, construction spending in April 2022 is expected to be USD 1,744.8 billion on a seasonally adjusted yearly basis, up 0.2 % from the revised March estimate of USD 1,740.6 billion. The North American Architectural Wall Market will be driven by rising disposable income and increased consumer spending. Personal income in the United States was estimated at USD 19,542.0 billion in 2020, rising to USD 21,010.0 billion in 2021, according to the US Bureau of Economic Analysis (BEA), and is expected to rise during the projection year.

The availability of substitutes such as precast concrete walls is hindering the growth of the architectural wall Market in North America. A range of shapes and wall types can be found in precast concrete wall systems. The architectural wall Market in North America is restricted by a lack of skilled workers. The demand for affordable housing, as well as concerns about residential building performance, makes a compelling rationale for employing prefabrication technology.

Moreover, The North American Architectural Market is boosted by the increasing usage of smart technologies in buildings. From a technical standpoint, smart and nanotechnology have a significant impact on modern structures. Many developments and imitations have resulted from modern technical innovations, smart materials, innovative construction technology, mobile ingredients, and remote-control structures. Technological advancement and new product launches will boost the market growth in the North American region. For instance, in February 2022, Sto Panel Technology manufactured a fully engineered and proven prefabricated finished external mega panel system. With StoPanel 3DP powered by Branch Technology, it is now bringing the adaptability of 3D printing to its mega panels.

North America Architectural Walls MarketSegmentation Analysis

The North America Architectural Walls Market is segmented on the basis of Material, Sales Channel, and Geography.

North America Architectural Walls Market, By Material

• Metal• Plastic and Fiber• Wood• Glass• Others

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Based on Material, the market is segmented into Metal, Plastic and Fiber, Wood, Glass, and Others. Wood accounted for the largest market share and is projected to grow during the forecast period. Plastic and Fiber was the second-largest market in 2021. Wood is considered the classic material for gracing the interiors of the room or confined spaces. In 2021, the wood segment emerged as the leading type due to its growing popularity. The wood segment includes natural wood, medium-density fiberboard (MDF), and Chipboard panels. The ongoing shift of the customers towards contemporary designs with different wood paneling is in favor of the segment growth.

North America Architectural Walls Market, By Sales Channel

• Online• Offline

By Sales Channel, Architectural Walls are segmented as Online and Offline. Offline accounted for the largest market share and is anticipated to grow during the forecast period. Online was the second-largest market in 2021. The key factor pushing the growth of the offline segment is the advantage to purchase a product after considering the actual look and feel of the wall. Growing investment in construction activities is pushing the need for aesthetically appealing walls of different materials. Also, the popularity of the offline or retail furniture stores for buying wall panels is higher compared to the online channels, fuelling the growth of this segment.

North America Architectural Walls Market, By Geography

• United States• Canada• Mexico

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On the basis of regional analysis, the North America Architectural Walls Market is classified into the United States, Canada, and Mexico. The U.S. accounted for the largest market share and is forecasted to grow during the projection period. The United States emerged as the leading economy in the region due to growing construction and refurbishment activities. The construction industry is a prominent contributor to the nation’s economy by constructing structures worth around USD 1.4 trillion. The rise in the construction spending of the US population for residential as well as non-residential infrastructure is favoring the market growth.

Key Players

The “North America Architectural Walls Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as DIRTT, Teknion, Muraflex, Modernus, IOC, Maars, Clestra Hauserman, Ceradyne, Allsteel, KI, among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• Steelcase to Acquire HALCON, Maker of Finely Crafted Wood Furniture for the Modern Workplace.

• Wilkhahn and Teknion Collaborate to Harness Synergy

Report Scope

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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