Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "Movable Walls Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Movable Walls Market was valued at USD 4 billion in 2023, and is expected to reach USD 7.88 billion by 2029, rising at a CAGR of 11.96%.
Demand for automatic solutions is a major trend in the global movable walls market due to various factors, including increased convenience & efficiency, rising demand from institutions and the commercial sector, and integration with smart building technology. Due to its adaptable and flexible properties, there is a rising demand for automatic movable office walls.
As automated movable walls offer flexibility, efficiency in space, and enhanced ease of use, their popularity is rising in commercial spaces. Modern office environments require privacy, collaborative work, and meeting space, even in offices. The movable walls often have advanced properties. The COVID-19 pandemic has accelerated the market's growth in the healthcare sector, as infection control is as difficult as managing patient flow. With the help of automated movable walls, isolated spaces can be built efficiently and quickly. It enhances the safety and functionality of the healthcare environment. Many of the companies are focusing on offering semi-automatic and automatic movable walls.
Green & Sustainable Buildings
The green & sustainable buildings are a major trend in the global movable walls market. It is driven by resource efficiency, reduced environmental impact, flexibility, and improved indoor air quality. Movable walls can be reconfigured and reused, minimizing waste and reducing the need for new materials compared to traditional construction.
The transportation and manufacturing of movable walls typically have a lower environmental impact than conventional walls. It can contribute to the overall sustainability goals. The adoption of movable walls helps to change the space requirement over time. It also helps reduce the need for new construction and demolition and extends the lifespan of the building.
Expansion of Co-working Spaces & Need for Flexible Offices
The expansion of co-working spaces & rising need for flexible offices is a major driver in the global movable walls market. This is driven by various factors, including adaptability, improved privacy & acoustics, cost-effectiveness, sustainability, and enhanced aesthetics. The movable walls allow offices and co-working spaces to reconfigure the layouts easily. It helps to accommodate various events, work styles, and team sizes. It is more crucial in environments where rearrangement of spaces is required frequently.
Movable walls are incorporated with soundproof materials, to create more private and quiet workspaces in the larger open spaces. Movable walls are generally considered cost-effective compared to traditional construction methods when altering existing ones or creating new spaces. It can be easily installed, reused, and dismantled. It minimizes disruptions and reduces overall costs. Many of the movable wall systems are manufactured by considering sustainability aspects. Utilizing recycled materials, removal, and minimizing the removal contribute to buildings' energy efficiency. The rising co-working spaces and growing need for flexible offices have created a significant opportunity for the movable walls market.
Fluctuating Raw Material Prices
The fluctuation in the price of raw materials of movable walls, such as glass, steel, aluminum, wood, etc., may increase the price of the final products. It can be influenced by factors such as energy price, weather & market conditions, regulations, geopolitics, etc.
One of the major challenges in raw material procurement is dealing with demand and supply fluctuation. The fluctuation in the price of raw materials leads to pricing uncertainty, making it difficult for manufacturers to forecast costs. The regulations developed by associations and governments over resource conversations increase the price of raw materials in the market. The increased production costs may be passed on to the consumers. This may affect the profit margin for the manufacturers. Reduced profit margin may limit the manufacturer's investment in research & development activities.
SEGMENTATION INSIGHTS
The global movable walls market bifurcates into various segments, with manual movable walls leading the market share due to cost-effectiveness and simplicity in operation.
Material-wise segmentation highlights the increasing adoption of diverse raw materials such as glass, wood, and metals with unique properties enhancing the aesthetic and functional aspects of movable walls. Evaluating operation methods, sliding movable walls remain predominant, owing to their ease of use, multiple track options, and adaptive nature in diverse environments.
GEOGRAPHICAL ANALYSIS
The European region accounted for the largest global movable wall market share. Post-pandemic construction activities have increased across European countries. The demand for construction has increased in commercial and residential spaces. Sectors like healthcare, education, hospitality, and offices drive the demand for movable walls in Europe. Office spaces majorly contribute to movable walls market revenue and market growth. The number of corporate spaces is rising across Europe. It increases demand for multifunctional rooms and flexible workspaces. The companies are focusing on offering improved experiences. They are seeking soundproof and quiet space solutions.
COMPETITIVE LANDSCAPE
The global movable walls market report consists of exclusive data on 30 vendors. The market is highly fragmented, with several global and regional manufacturers. These vendors typically compete on key parameters such as product design, quality, reliability, support services, and price.
Rapid technological advancements adversely impact market vendors as consumers expect continuous innovations and product upgrades. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence.
Key Vendors
- Accordial
- dormakaba Group
- Environamics
- Faraone
- Fellowes Brands
- Franz Nusing
- Haworth
- HNI Corporation
- Hufcor, Inc.
- Transwall
Other Prominent Vendors
- ABOPART
- Dutco Group of Companies
- DRL Partitions
- Ecotone Acoustics
- Espero
- GEZE India
- IMT Modular Partitions
- IWC Asia
- Komfort
- Kwik-Wall
- LIKO-S
- London Wall Design
- Malrox
- Moving Designs
- Multiwal
- NxtWall
- Parthos
- Style Partitions
- Teilen System Walls
- Turkowall
KEY QUESTIONS ANSWERED:
- How big is the global movable wall market?
- What is the growth rate of the global movable wall market?
- What are the trends in the global movable wall market?
- Who are the major players in the global movable wall market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 134 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $4 Billion |
| Forecasted Market Value (USD) by 2029 | $7.88 Billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1: Movable Walls Market Overview
- Executive Summary
- Key Findings
Chapter 2: Movable Walls Market
- Global: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
Chapter 3: Movable Walls Market Segmentation Data
Global: Projected Revenue by Product (2020-2029; $Millions)
- Manual
- Automated
Global: Projected Revenue by Material (2020-2029; $Millions)
- Glass
- Wood
Global: Projected Revenue by Operation (2020-2029; $Millions)
- Sliding
- Folding
Global: Projected Revenue by Application (2020-2029; $Millions)
- Corporates
- Hotels
- Hospitals
- Schools & University
- Exhibition & Conference Centers
- Residential
Chapter 4: Key Regions Overview
- Europe: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
- North America: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
- APAC: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
- Middle East & Africa: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
- Latin America: Projected Revenue of Movable Walls Market (2020-2029; $Millions)
Chapter 5: Movable Walls Market Prospects & Opportunities
- Movable Walls Market Opportunities & Trends
- Movable Walls Market Drivers
- Movable Walls Market Constraints
Chapter 6: Movable Walls Industry Overview
- Movable Walls Market - Competitive Landscape
- Movable Walls Market - Key Vendor Profiles
- Movable Walls Market - Other Prominent Vendors
- Movable Walls Market - Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/r0sesj
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