Ventilation Grills Market Subjected to Expand to Showcase Rampant Growth by 2025
Market Highlights
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.
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Market Research Analysis
The global Ventilation
Grills Market is
segmented based on material, application, and region. Based on material,
the global market has been segmented as metal, plastic, and wood. Based on
application, the global market has been divided into residential and
non-residential.
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.
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.
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Scope of the Report
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
- By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the
World
Key Players
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).
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