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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