Portable Walls Market Forecast and CAGR
According to latest research by Fact.MR, portable walls market is set to witness growth during assessment period of 2021-2031. Increasing demand multipurpose use of spaces, need for privacy and security are key factors for rise in demand. The demand is expected to rise at 11% CAGR over next 10 years.
What is Driving Demand for Portable Walls?
Portable walls are used in various sectors such as hospitality, retail, leisure facilities, and facilities such as educational institutions, hospitals, government buildings, workplaces, and offices.
The rapid increase in the use of such walls in corporate offices and educational institutions is likely to drive the market in the forecasted period. Incorporate offices, the walls may be folded up for open space for meeting places, conference rooms, or a dining room. Schools and educational institutions should also manage the space very well. They can use portable walls to manage the space of computer labs and staff rooms.
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Covid-19 Impact on Global Portable Walls Market
Demand for portable walls has seen an increase during Covid 19 pandemic. The demand was majorly from the hospitals as many people were affected due to Covid and needed to be admitted to hospital. Due to surge in patients in hospitals, such walls are used to accommodate them in larger halls where many patients can be treated at same time.
Also demand from retail users working from home needed the partition walls to have privacy while working due to others working as well from home. Therefore, demand from such consumers was on rise even during the pandemic. However, demand from offices, educational institutes have seen a decline as people stayed at home due to strict lockdown in various places owing to high infection rate and Government Guidelines.
As Covid is expected to prevail, demand for such versatile product is bound to prevail. Even in the post Covid era, demand for such portable walls will be there as people will be more cautious about hygiene and would prefer partition in office spaces and more.
Global Portable Walls Geographical Outlook
Portable walls are a form of temporary walls that has wheels at the base and can be moved easily to different locations. They may be portable or even fixed in nature. They are durable, light in weight, and some are even made of sound-insulated materials.
Having used for varied purposes like in hospitals for partition of a larger space into individual spaces which offer privacy to the patients, in offices where the walls can be unfolded into spaces for meetings or can be unfolded for larger gatherings, in houses or in commercial buildings.
Asia Pacific region consist of two most populous countries i.e. China and India. Owing to its large population, there is space constraints in metro cities. They are of great use in such places due to its versatility of usages.
Using these kinds of walls, the same place can be used for various purposes such as rooms for individuals, hospital halls can be converted to private spaces for each patient, education institutes can divide the large spaces into small classrooms to accommodate students of different classes etc.
The market growth forecasts highest in Asia Pacific countries due to its growing population, rapid urbanization in the metro cities, growing demand for land in those areas etc.
North America is the largest economy in the world currently and is expected to grow in the forecast period. Demand is expected to prevail in the region as more people prefer to use the same spaces for various purposes due to constraints in the available spaces. Similarly, markets for the Middle East and African countries is expected to see an increase in demand due to rapid urbanization.
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Who are the Key Manufacturers of Portable Walls?
Major manufacturers of portable Walls are
- Movawall System
- Trendway Corporation
- Style Partitions
- Franz Nusing
- Environamics Inc.
- Accordial Ltd.
- Haworth Inc.
- Moving Design Ltd.
Portable walls are a type of temporary walls that are used for permanent or temporary partition of spaces. They are useful in varied applications at hospitals, corporates, household etc. Manufacturers try to behold market with innovative and a sizeable product portfolio consisting of various designs and types fulfilling the demands of varied consumer base. Getting inputs from consumers about their needs, providing them with desired product, quality product with a reasonable pricing are key factors to behold market share.
Portable Walls Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Exhibition & Conference Centers
- Schools & University
By Raw Material
- Others (Steel, Fabric etc.)
By Product Type
By Distribution Channel
- Retail stores
- Supermarkets & Hypermarkets
- E-commerce Websites
- Company-owned Websites
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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