Ventilation Grills Market Analysis
Ventilation Grill Market is expected to cross USD 2 billion by 2025 at a projected CAGR of 4% during the forecast period.
Ventilation grills offers various benefits to both residential and commercial sectors through maintaining indoor temperature and quality of air. The growing demand for plastic ventilation grill from residential sector, developing e-commerce industry, and growing construction sector drives the growth of the global ventilation grill market. The ventilation grill is sold through various dealers, franchise, and private party sales. The unstable economy in developing countries such as India, Brazil, and Russia and fluctuating raw material prices are hindering the growth of the global market. Hence, the global ventilation grill market is expected to cross USD 2 Billion by 2025 at a projected CAGR of 4% during the forecast period.
This study provides an overview of the global ventilation grills market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ventilation grill market by material, application, and regions.
By Material
Metal
Plastic
Wood
By Application
Residential
Non-Residential
The vendor companies profiled in the global ventilation grills market include Trox GmbH (Germany), Systemair AB (Sweden), Imeksan HVAC (Turkey), Gavo B.V. (Netherlands), Allvent (Australia), Kemtron (UK), Waterloo Air Products Plc. (UK), Roccheggiani SpA (Italy), Aldes Aeraulique S.A., (France), Brookfield, WI (US), Rf-Technologies NV/SA (Belgium), Vents (Ukraine), GDL Air Systems Limited (UK), and TANGRA AV Ltd (Bulgaria).
Germany, France, the UK, and Spain are the major contributors to the growth of the ventilation grill market in Europe. Furthermore, the presence of ventilation grill manufacturers such as Trox GmbH, Roccheggiani, and Aldes Aeraulique is contributing to the growth of the regional market. France is expected to witness the highest growth rate than Germany, the UK, Spain, and Italy over the forecast period due to the growing GDP and increasing installation of ventilation grills in cinemas, shopping centres, halls, swimming pools, and underground car parks across the country.
In rest of the world, the Middle East & Africa dominate the market during the forecast period due to the growing oil & gas and construction industries in the UAE, Saudi Arabia, and East and South Africa. Latin America is growing at a rapid pace throughout the forecast period due to the growing food processing, textiles, chemicals, and petrochemicals industries.
In terms of region, the global market for ventilation grills is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. In 2018, Asia-Pacific held the largest market share and is expected to lead the market during the forecast period, owing to the growing per capita disposable income and developing construction industry are expected to boost the demand for ventilation grills in the region. In the ventilation grill market in Asia-Pacific, China dominates the market and is projected to grow at highest rate over the forecast period mainly due to the growing manufacturing industry and the increasing sale of electric buses.
The presence of prominent players such as Brookfield and Vents-US in the US drives the growth of the ventilation grill market in North America during forecast period. The ventilation grill market in North America is dominated by the US and is projected to grow at a higher rate than Canada over the forecast period due the growing sale of commercial vehicles and increasing underground mining activities across the country.
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