Radiant Ceiling Market is not heating enough the market

The Radiant Ceiling market continues to face challenges in terms of market volume and sales. After reaching a value of €360.6 million in 2022, figures have decreased to €357.3 million in 2023 and a further decline to €356.4 million is forecast in 2024. This represents a consecutive drop of -1.0% and -0.25% in the last two years.

However, despite this negative trend, the market maintains an optimistic outlook. By 2027, the sector is expected to experience compound annual growth (CAGR) of 3.2%, reaching a market value of €393.6 million. This optimism is based on several key factors detailed below.

Radiant Panels market is closely linked to the construction industry, which has suffered a significant slowdown. This slowdown in the “brick industry” has dragged this market with it. In addition, the sector’s reliance on renovations, which account for 54.1% of sales in 2023, has been a hindrance due to reduced public support for renovation projects. Political uncertainty in Europe has also affected investor and buyer confidence, further complicating the picture.

Despite these challenges, manufacturers and producers in Germany, France, Poland, UK and Switzerland are optimistic about the future. Thanks to effective product implementation in European markets, new legislation favoring sustainable solutions and the growing acceptance of Radiant Ceilings among architects compared to traditional HVAC solutions, a recovery is expected.

In 2023 Metal continues to dominate the market by material, with a 28.8% share, closely followed by gypsum (27.8%) and aluminum (24.5%). In terms of business segments, offices continue to be the dominant sector with 43.9%, while renovations lead versus new construction with 54.1% of the market.

The Radiant Ceiling Panels market in 2023 and 2024 continues to be dominated by key players such as Linder, Zehnder, and Swegon. These leading companies, collectively capture 30% of the market share.

Although Radiant Ceiling market faces significant challenges, the medium-term outlook is positive. The combination of a focus on sustainability, legislative support and increasing adoption in the construction sector points to robust growth in the coming years.

05/07/2024

Copyright: Interconnection, Publication free of charge for coverage regarding the study and InterConnection Consulting.

Ruben Rodriguez

> Learn more about Ruben Rodriguez

Rubén Rodríguez is a seasoned journalist with a Master’s degree in Political Marketing and Electoral Trends, specializing in digital marketing and market research. He combines a strong foundation in traditional journalism with expertise in modern marketing strategies to analyze industry trends, predict market changes, and determine the best approaches to address them.

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