CANADA FACADE MARKET Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Canada Facade Market Analysis

The size of Canada Facade market is USD 9.25 billion in the current year and is anticipated to register a CAGR of over 5% during the forecast period. The Canadian economy continued its post-pandemic recovery in 2022, with output increasing by 4.0-5.0% annualized basis.

• The services sector will be the primary engine of growth in the upcoming years, following a significant increase in the sector of produce-duction during the early stages of the epidemic.
• Retail sales and housing market activity should spur economic growth in 2022, supporting the sector's positive performance trends. There will be challenges for Canada's consistently strong industrial demand in 2023. Further, as more customers switch to traditional stores, e-commerce sales growth, which earlier in the pandemic was a major driver of user growth, is declining. In the meantime, it's anticipated that skyrocketing inflation and rising interest rates will constrain economic growth in 2022.
• The rise in construction-related activities has been an important factor in driving the market. Furthermore, technological innovations are leading to the development of energy-saving facade materials. These advanced products absorb solar energy and find widespread adoption in several commercial and residential buildings as a secondary source of electricity generation.
• The market is expected to grow at a considerable rate over the forecast period. This growth can be attributed to rising customer spending power along with the need to provide a secure work environment to employees. Furthermore, the use of metal composite materials offers a durable, harmonious, and modern appearance to the building. Increasing usage of such composite materials to build facades is projected to boost market growth over the coming years.
• The COVID-19 pandemic hurt the market for facade devices. All construction and infrastructure projects around the globe were put on hold when the COVID-19 pandemic started in 2020. The COVID-19 pandemic has accelerated the demand for curtain wall facade opening features, though, by highlighting the necessity of establishing a healthy environment in residential, public, and commercial areas. Building occupants now have a higher need for fresh air circulation, access to outdoor spaces, and a reduced density for physical separation due to the start of the pandemic and the subsequent restart of business activity, making facade systems more distinctive and environmentally friendly.

Canada Facade Market Trends

This section covers the major market trends shaping the Canada Facade Market according to our research experts:

Increasing Technological Development in Construction Industry

Canada Facade Industry Segmentation

The facade of a building is its outer front and often consists of roofing, ventilation louvers, and street awnings, among other things. Its structure often incorporates materials like metal, wood, concrete, ceramic, glass, polyvinyl chloride (PVC), stone, etc. Some examples of typical façade types include siding, cladding, external insulation finishing systems (EIFS), curtain walls, etc. For the building, these facades offer weatherproofing, construction, durability, and aesthetic appeal.

The report provides a comprehensive background analysis of the Canada Facade market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study. The Canada Facade Market is segmented By Type (Ventilated, Non-Ventilated, and Others), By Material (Glass, Metal, Plastics and Fibres, Stones, and Others), and By End Users (Commercial, Residential, and Others). The report offers the market size and forecasts in terms of value (USD billion) for all the above segments.