Global Ventilation Grills Market Research, 2031
The global ventilation grills market size was valued at $367.7 million in 2021, and is projected to reach $543.3 million by 2031, growing at a CAGR of 3.8% from 2022 to 2031. Ventilation is the introduction of fresh air in a closed space and removal of stale air. Ventilation is important to maintain healthy atmosphere in residential, commercial, and industrial buildings. Ventilation grills are installed over exhaust fans and ventilations ducts to enhance the aesthetical appearance of the building as well as protect the moving components of the ventilations systems.
Rise in global population has increased the demand for residential building and commercial buildings, and growth of manufacturing industry has fuelled the industrial construction sector. The has increased the use of ventilation grills. Furthermore, ventilation grills are available in a wide range of materials such as metal, plastic, and wood. Plastic ventilations grills are installed over exhaust fans in emerging countries such as India, whereas metal ventilation grills are installed over ventilation ducts in commercial and industrial facilities. Furthermore, advantages properties of ventilation grills such as easy installation, long durability and cost efficiency further boost the ventilation grills market growth.
The global population is rising at a rapid pace, along with a rapid urbanization across the world, especially in the developing nations. It is estimated that by the year 2050, there will be more than 9.5 billion people living in the world, compared to about 7.5 billion in 2021. The rising population and urbanization are playing a crucial role in driving demand for residential as well as commercial building complexes in emerging economies. For instance, according to India Brand Equity Foundation, the Indian real estate market is expected to grow from US$ 1.72 billion in 2019 to US$ 9.30 billion in 2040. The rise in number of residential and commercial buildings, increases the number of exhaust and ventilation ducts. Thereby, driving the growth of the ventilation grills market.
In addition, major manufacturers of ventilation grills are offering a wide range of ventilation grills in various sizes and materials. For instance, Aruna Techno Industries, offers aluminum grills in sizes ranging from 150mm to 450mm and in various finishes such as brush and rose gold. And LiteDospel Sp. Zoo, offers a wide range of circular and square grills for use in exhaust systems. Also, TROX India Pvt Ltd., a major player in the industry offers ventilation grills with vertical and horizontal blade arrangements, it also provides ventilation grills with adjustable blades.
COVID-19 had spread rapidly across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of ventilation grills due to the lockdown. The economic slowdown initially resulted in reduced construction of residential and non-residential building buildings. However, owing to the introduction of various vaccines, the severity of the COVID-19 pandemic has reduced significantly. As of mid-2022, the number of COVID-19 cases has reduced significantly. This has led to the considerable recovery of the real estate industry and also resulted in the full-fledged reopening of ventilation grill manufacturing facilities. Moreover, it has been more than two years since the outbreak of this pandemic, and many companies have already shown significant signs of recovery.
On the basis of material, metal segment generated the highest revenue, owing to the extensive use of metal ventilation grills for residential and non-residential applications.On the basis of application, air supply is the largest market, attributed to the extensive use of ventilation grills for air supply in commercial HVAC systems.
Furthermore, the increasing global trade and global economic partnerships such as RCEP (Regional Comprehensive Economic Partnership) have increased the number of industrial facilities, thereby increasing the demand for industrial ventilation grills. In addition, increasing awareness regarding the importance of ventilation is expected to provide lucrative opportunities for market growth.
The global ventilation grills market is segmented into Material, Application and End-user Industry. On the basis of material, the market is bifurcated into plastic, metal and wood. On the basis of application, it is bifurcated into exhaust and air supply. On the basis of end user industry, it is bifurcated into residential and non-residential. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe held the largest ventilation grills market share in 2021, accounting for the highest share. Whereas, LAMEA is anticipated to grow at a highest CAGR. This is attributed to increased investments in building construction and infrastructure projects.
Key companies profiled in the ventilation grills market forecast report include Dhariwal Industries, Systemair India Pvt. Ltd., Hafele Groups, Dospel Sp. z.o.o, TROX GmbH, Zanardo S.p.A, Aruna Techno Industries, American Aldes Ventilation Corporation, TANGRA - AV Ltd. and Rytons Building Products Ltd. Key companies profiled in the ventilation grills market report include Dhariwal Industries, Systemair India Pvt. Ltd., Hafele Groups, Dospel Sp. z.o.o, TROX GmbH, Zanardo S.p.A, Aruna Techno Industries, American Aldes Ventilation Corporation, TANGRA - AV Ltd. and Rytons Building Products Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global ventilation grills market analysis from 2021 to 2031 to identify the prevailing global ventilation grills market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global ventilation grills market segmentation assists to determine the prevailing ventilation grills market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global ventilation grills market trends, key players, market segments, application areas, and market growth strategies.
Global Ventilation Grills Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 543.3 million |
 Growth Rate | CAGR of 3.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 210 |
 By Material |
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 By Application |
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 By End user Industry |
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 By Region |
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 Key Market Players | American Aldes Ventilation Corporation, Zanardo S.p.A, Aruna Techno Industries, TANGRA - AV Ltd., TROX GmbH, Hafele Groups, Dhariwal Industries, Dospel Sp. z.o.o, Rytons Building Products Ltd, Systemair Group |
Analyst Review
The ventilation grills market has witnessed significant growth in past few years, owing to rapid growth of real estate market in developing economies.
Ventilation grills enable free flow of fresh air in the interior components of the building, thereby reducing odor and maintain adequate oxygen level. Furthermore, ventilation grills are also used to cover the exhaust fans provided in kitchens and rest rooms. In addition, the availability of ventilation grills in various sizes and materials, increases it suitability in for residential and commercial applications. In addition, advantageous factors of ventilation grills such as cost effectiveness and easy installation positively influence the growth of the market.
Moreover, rise in number of mass low cost housing projects in developed as well as developing economies, are anticipated to provide lucrative growth opportunities for the market
The growth of residential and commercial real estate in emerging economies, and the increasing use of exhaust systems in residential units are major trends positively influencing the ventilation grills market.
Ventilation grills are extensively used for air supply and exhaust applications in residential and non-residential buildings.
North America is the largest regional market for Global Ventilation Grills.
$367.7 Million is estimated industry size of Global Ventilation Grill market in 2021.
Dhariwal Industries, Systemair India Pvt. Ltd., Hafele Groups, Dospel Sp. z.o.o and TROX GmbH are some the top companies to hold the market share in Global Ventilation Grills market.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The Ventilation Grills market is projected to reach $543.3 million by 2031.
Latest version of global Ventilation Grills market report can be obtained on demand from the website.
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