Ventilation Grill Market is expected to cross USD 2 billion by 2025 at a projected CAGR of 4% during the forecast period. The key driving factors for the growth of this market are growing urbanization and industrialization, increasing construction of hotels and restaurants, educational institutions, and entertainment buildings, growing transportation industry, and stringent industry regulations
The ventilation grill is designed to maintain the indoor air quality by diluting and displacing indoor pollutants. Ventilation grills are used in the residential and non-residential sectors for installation in walls, ceilings, floors, and ventilation ducts. The ventilation grill is made by using materials such as metal and plastic..
Volatile raw material prices, unorganized aftermarket service sector, trade conflicts among countries such as the US and China, and the unstable economy in developing markets such as India, Brazil, and Russia are restraining the growth of the global ventilation grill market. However, emerging and upgrading greenfield and brownfield and technological advancements in ventilation grill systems are providing growth opportunities for the global market.
The Prominent Players in the global ventilation grill market include Trox GmbH (Germany), Systemair AB (Sweden), Imeksan HVAC (Turkey), Roccheggiani SpA (Italy), Aldes Aeraulique S.A., (France), Brookfield, WI (US), Rf-Technologies NV/SA (Belgium), Vents (Ukraine), GDL Air Systems Limited (UK), TANGRA AV Ltd (Bulgaria), Gavo B.V. (the Netherlands), Allvent (Australia), Kemtron (UK), and Waterloo Air Products Plc. (UK).
Segmentation: Global Ventilation Grill Market
The global ventilation grill 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.
North America, Europe, Asia-Pacific, and the rest of the world (RoW) are the four regions considered for the study of global ventilation grill market. Region-wise, Asia-Pacific held the largest market share of the global ventilation grill market in 2018 and is expected to hold its leading position throughout the forecast period. It is estimated that Asia-Pacific would be the fastest-growing market during the forecast period, mainly due to the rapidly growing construction industry, dense population, and presence of various emerging economies such as China, Indonesia, Thailand, and India. Moreover, increased production and sales of light and heavy-duty vehicles such as buses and trucks across the region is also expected to boost the demand for ventilation grills across the region.
The US and Canada are major economies that are actively increasing investments in the construction industry. Additionally, the developing commercial and industrial sector in these countries is driving the ventilation grill market in North America during the forecast period. Additionally, the growing e-commerce sector, advance technology, presence of key manufacturers, and adoption of ventilated grills in commercial vehicles are also expected to boost the market for ventilation grill in North America.
The ventilation grill market in Europe is growing due to the presence of various developed and technologically-advanced countries such as Germany, Spain, Italy, and France and the large potential consumer base from automotive, healthcare, and commercial sector. Moreover, the presence of various ventilation grill manufacturers, distributors, and suppliers, such as Vents, Trox GmbH, and Roccheggiani SpA, is playing an important role in the growth of the market in the region.
The report for global ventilation grill market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2025: USD 2 Billion|
|CAGR||4% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Trox GmbH (Germany), Systemair AB (Sweden), Imeksan HVAC (Turkey), Roccheggiani SpA (Italy), Aldes Aeraulique S.A., (France), Brookfield, WI (US), Rf-Technologies NV/SA (Belgium), Vents (Ukraine), GDL Air Systems Limited (UK), TANGRA AV Ltd (Bulgaria), Gavo B.V. (the Netherlands), Allvent (Australia), Kemtron (UK), and Waterloo Air Products Plc. (UK)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global ventilation grill market is projected to grow at approximately 4% CAGR during the assessment period (2019-2025).
The valuation of the global ventilation grill market is estimated to increase to USD 2 BN by the end of 2025.
North America holds the largest share in the global ventilation grill market, followed by Europe and the Asia Pacific, respectively.
Trox GmbH (Germany), TANGRA AV Ltd (Bulgaria),Systemair AB (Sweden), GDL Air Systems Limited (UK), Imeksan HVAC (Turkey), Rf-Technologies NV/SA (Belgium), Gavo B.V. (Netherlands), Allvent (Australia), Vents (Ukraine), Kemtron (UK), Brookfield, WI (US), Roccheggiani SpA (Italy), Aldes Aeraulique S.A., (France), and Waterloo Air Products Plc. (UK), are some of the top players operating in the global ventilation grill market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global ventilation grill market adopt to gain a larger competitive advantage.