Parapet Wall Market to be dominated by Residential segment till 2026
Rise in the consumer
awareness and rapid urbanization is expected to drive the demand of the global parapet
wall market for the forecast period.
According to TechSci Research report, “Parapet
Wall Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026, Segmented By Material (Reinforced Cement Concrete, Steel,
Aluminium, Glass, & Others), By Type (Plain, Embattled, Perforated,
Panelled, & Others), By Position (Roof, Terrace, Balcony, & Others), By
End Use (Residential, & Commercial) and By Region”, the global parapet
wall market is expected to witness a growth of steady CAGR for the forecast
period, 2022-2026. Parapet walls are constructed as a barrier at the end of the
roof or terrace of the buildings and balcony. These are the short and thin
walls constructed around the perimeter of the buildings. Terrace is used for
different purposes such as sitting, walking and other leisure activities,
therefore, are constructed mostly in all houses and buildings. The parapet wall is considered one of the
vital parts of the house as it provides safety to the occupants of the house.
Parapet walls are required to safeguard the interior of the terrace. Parapet
walls are usually constructed by using bricks, reinforced cement concrete, and
steel. The construction of parapet walls helps to prevent the entry of dust
particles into the roof. Parapet wall covers the equipment, machinery, and
other stored materials kept on the roof from the outside world, thereby
enhancing the view of the buildings. This helps the formation of wind load from
coming on the rooftop, which helps lower the pressure difference at the edges
of the buildings.
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Global
parapet wall market is segmented into material, type, position, end use,
regional distribution, and company. Based on type, the market is divided into
plain, embattled, perforated, panelled, and others. The plain parapet walls are
the extension of the normal walls, which are constructed at the end of the
roof. The plain parapet wall is expected to witness growth for the forecast
period as they are easier to construct and have very low maintenance
requirements. These walls are simple in appearance and do not add much to the
beauty of the buildings. Embattled parapet walls are also known as castle
parapets, as they were used to construct castles in ancient times. In embattled
parapet walls, alternate low and high portions are provided, and since it is visually
attractive therefore are still constructed in the buildings. Perforated parapet
walls can be defined as the vertical extension of the wall at the end of the
roof and consist of perforations in them. The perforated parapet walls are
similar to the plain parapet walls. The perforations in the walls can be of
different shapes, such as circles, rectangles, and other geometrical designs.
Panelled parapet walls include the presence of ornamental panels from the
outside. Perforations are not constructed in the panelled parapet walls and are
affordable to construct. Based on the position, the market is divided into
roof, terrace, balcony, and others. The roof segment is expected to hold the
largest market share for the next five years. The construction of parapet walls
at the rooftop provides protection and increases the aesthetic appearance of
the buildings. Parapet walls also ensure the safety of the house or building
residents from falling off the roofs. Based on end use, the market is
bifurcated into residential and commercial. The residential segment is expected
to dominate the global parapet walls market for the forecast period. The
growing population and surge in the expenditure capacity of the consumers are
driving the segment growth.
Advance
Roofing Service, Eden Roofing & Water Proofing, Georgia-Pacific Building
Products, LTP Engineering Sdn. Bhd., HeliFix, Ellis Manufacturing Company,
Fiberr Xel, Zhenyuan Steel Structure, Metal-Era, LLC, Melton Classics, Inc. are
the leading players operating in global parapet wall market.
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“Market
players are making high-end investments to make use of autonomous heavy
equipment and construction vehicles to increase productivity and profitability
during the construction purpose. The use of advanced technologies such as the internet
of things, telematics, tracking technologies, and taking appropriate steps to
enhance the safety of the workers while constructing is expected to boost the
construction activities. Supportive government policies favoring the
infrastructural development and the availability of financial assistance to
increase affordability is expected to propel the global parapet wall market
growth till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Parapet Wall Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Material
(Reinforced Cement Concrete, Steel, Aluminium, Glass, & Others), By Type
(Plain, Embattled, Perforated, Panelled, & Others), By Position (Roof,
Terrace, Balcony, & Others), By End Use (Residential, & Commercial) and
By Region” has evaluated the future growth potential of global parapet
wall market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global parapet wall market.
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