Demand for Aluminum Gutters and Downspouts to Reach $4 Billion in 2022
CLEVELAND, Aug. 20, 2018 /PRNewswire/ -- Demand in value terms for aluminum gutters and downspouts is projected to increase 3.4% annually to $4.0 billion in 2022, driven by ongoing growth in the large residential improvement and repair market. Growth will also be supported in the short term by price increases implemented in response to the Trump administration's aluminum tariffs. These and other trends are presented in Gutters & Downspouts in the US, 2nd Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/gutters-downspouts-3654.htm
In linear feet, demand for aluminum gutter and downspout products is projected to increase 1.6% per year to 1.6 billion in 2022. Aluminum is the material most used for gutter systems, resulting in a largely mature market. Additionally, aluminum gutter guards will continue to face competition from plastic and steel varieties, resulting in only moderate gains in an otherwise expanding segment.
According to Freedonia Group analyst Ellen Kriz, "Demand for the gutters and downspouts market overall is expected to increase 3.2% per year to $6.0 billion in 2022." Long-term value growth will be supported by the promotion of value-added products and accessories – like rainwater harvesting equipment, gutter guards, and decorative features such as rain chains – in an effort to combat market maturity.
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
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SOURCE The Freedonia Group