Metal Suspended Ceiling Market Overview
Product Overview and Scope of Metal Suspended Ceiling Market
A metal suspended ceiling is a type of ceiling in which steel wire suspension cables are used to support thin metal bars that are hanging from above. This enables quick installation and simple maintenance compared to conventional tile or plaster ceilings. It can be used both inside and outside as it doesn’t get damaged due to moisture exposure, unlike other suspended ceilings. Suspended metal ceilings are used in commercial spaces where acoustics can be challenging. In open spaces, such as open-plan offices, event spaces, educational institutions, airports, retail premises, and other public buildings, sound levels can be difficult to manage. Furthermore, a suspended ceiling also allows for the installation of a variety of workplace necessities, such as light fittings, CCTV, and smoke detectors.
Metal Suspended Ceiling Market – Global Industry Analysis
Market Drivers
Growing construction activities around the world is a major driving factor contributing to the growth of the metal suspended ceilings market. Metal suspended ceilings are widely used in commercial and industrial buildings to provide functional and aesthetic benefits. These ceilings are installed below the main structural ceiling, creating a space between the two layers for the installation of utilities, such as lighting fixtures, HVAC systems, and electrical wiring. These are used in commercial offices, education buildings, and healthcare projects.
Metal suspended ceilings provide a wide range of design options and finishes, allowing architects and designers to create visually appealing spaces. Customization options such as perforations, embossing, and different colors enable the creation of unique and attractive ceilings. Metal suspended ceilings are known for their durability, as they are resistant to fire and moisture. They require minimal maintenance, making them a cost-effective option for long-term use. These ceilings provide a sleek and modern look in office complexes, retail spaces, hotels, and entertainment venues. As more commercial buildings are being constructed, the demand for metal suspended ceilings is growing at a rapid pace.
- Growing demand for environment friendly construction materials
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Non-residential construction spending in the U.S. (2018-2022) |
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Source: Cognitive Market Research |
Global Metal Suspended Ceiling Revenue by Regions (2018-2023)
Global Metal Suspended Ceiling Revenue and Market Share (%) by Regions (2018-2023)
Global Metal Suspended Ceiling Revenue (USD Million) by Regions (2018-2023)
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
|
North America |
XX |
XX |
XX |
XX |
XX |
XX |
|
Europe |
XX |
XX |
XX |
XX |
XX |
XX |
|
Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
XX |
1.68 |
XX |
Global Metal Suspended Ceiling market was valued at USD 1.68 Billion in 2022 and is expected to grow at a CAGR of 9.50% over the forecast period, from 2023 to 2030.
Global Metal Suspended Ceiling Market Scope
By Type
- Aluminum
- Steel
- Tin
- Others
By Application
- Residential
- Non-residential
Company List
- Odenwald Faserplattenwerk GmbH
- SAS International
- Armstrong World Industries, Inc.
- Saint - Gobain Gyproc India Ltd
- Hunter Douglas N.V.
- Knauf Ceiling Solutions
- ROCKWOOL A/S
- ACI Contracts Limited
- Etex Building Performance (Siniat)
Metal Suspended Ceiling Market, By Application
By application, the non-residential segment has gained the largest market share for the metal suspended ceiling market, in 2022. This is attributed to the vast growth of the non-residential sector including cinema theatres, offices, gymnasiums, institutes, diagnostic centers, and hospitals. Metal ceilings are used for highlighting the overall aesthetics and interiors of non-residential buildings as well as to offer improved acoustic and thermal insulation. These spaces have larger floor areas compared to residential buildings, necessitating a higher demand for suspended ceiling installations.
| Metal Suspended Ceiling Market, By Application (2022) |
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Source: Cognitive Market Research |
Global Metal Suspended Ceiling Manufacturers Profiles/Analysis
Hunter Douglas N.V.
Hunter Douglas N.V. Company Basic Information, and Sales Area
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Item |
Description |
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1 |
Company Name |
Hunter Douglas N.V. |
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2 |
Website |
www.armstrongceilings.com |
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3 |
Established Date |
1919 |
|
4 |
Headquartered |
Netherlands |
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5 |
Market Position/History |
Hunter Douglas N.V. was founded in 1919 as a machine tool distribution and manufacturing company in Düsseldorf, Germany by Henry Sonnenberg
Between year 1960 to 1980, Hunter Douglas expanded its operations in Europe and into Australia, Latin America and Asia. Hunter Douglas Group is comprised of 136 companies with 47 manufacturing and 89 assembly operations and marketing organizations in more than 100 countries. |
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6 |
Sales Area |
Worldwide |
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7 |
Manufacturing Location |
47 manufacturing plants across North America, Latin America, Europe, Asia, Australia |
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8 |
Ticker |
OTC: HDUGF |
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9 |
No. of Employees |
23,000 |
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10 |
Competitors |
The Home Depot, Lutron, Lowe's Home Improvement, The Shade Store, HRG Group, Somfy, USG Corp, CertainTeed, Ethan Allen Global Inc, Marshalls, Saint-Gobain, Dangote Group, Owens Corning |
|
11 |
CEO |
David H. Sonnenberg |
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12 |
Ownership Type |
Public |
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13 |
Contact Address |
Piekstraat 2, 3071 EL Rotterdam, Netherlands 1 Blue Hill Plaza, Pearl River, NY 10965 Tel: 845-664-7000 |
Business Segment/ Overview:
Hunter Douglas N.V. specializes in window coverings and is one of the major manufacturers of architectural products. Its portfolio of products includes wide range of products such as sustainable sun-control solutions, suspended ceilings, ventilated facade systems, and translucent materials.
Investment in Research and Development
Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were USD 53 million and USD 44 million respectively.
| Hunter Douglas N.V. R&D Investment (USD Million) (2020-2021) |
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Source: Cognitive Market Research |
Business Strategy
Hunter Douglas N.V. has a strategic focus on acquisitions and partnerships to enhance the portfolio offerings of the company. For instance, the company has completed the acquisition of 74% of Droma-Sunshade Experts to strengthen its portfolio and enhance its presence in Western Europe. The company is engaged in expanding its presence across the regions and strengthening its distribution network to better reach customers. Moreover, it strives to develop innovative products It has introduced new innovative products such as Sonnette Cellular Roller Shades, that combine the clean lines of a standard roller shade with the innovative design of its original energy-efficient honeycomb shades. In addition to this, it has done significant investments in R&D and expanded its product portfolio with new products.
