Product ID: UCMIR15F2124
Report ID:
UCMIR15F2124 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The estimated market size for residential light frame shear walls in North America reached USD 89.40 billion in 2022. It is anticipated to experience a 5.3% compound annual growth rate (CAGR) from 2023 to 2030. Given the high seismic activity in the North American region, there is a rising demand for residential structures capable of withstanding earthquakes and other natural calamities. Residential light frame shear walls offer a cost-effective solution to bolster the seismic resilience of residential buildings, and they are expected to be a driving force behind market expansion in North America over the forecast period. These shear walls play a crucial role in enhancing a building's structural stability during an earthquake by countering the lateral forces generated by ground motion.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: UCMIR15F2124