PUBLISHER: Allied Market Research | PRODUCT CODE: 1193324
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193324
The ventilation grills market size was valued at $367.7 million in 2021 and is projected to reach $543.3 million by 2031, registering a CAGR of 3.8% from 2022 to 2031. Ventilation is an important component of building design as it maintains a healthy and hygienic environment in the interior spaces of the building. Ventilation grills are a part of ventilation systems that are extensively used in residential, commercial, as well as industrial facilities.
Ventilation grills are installed over exhaust fans and ventilation ducts to enhance the aesthetical appearance of the system as well as protect the internal components of the ventilation systems such as fans and filters. Ventilation grills are available in a wide range of shapes, sizes, and materials, which further increases its usability.
The rise in the number of building complexes in developed, and developing nations, fueled by increasing urbanization, is largely responsible for the growth of the ventilation grills market. Furthermore, an increase in awareness regarding the importance of ventilation and building design principles has positively influenced the growth of the market. However, factors such as the low budgets for building construction in developing economies and the rise in prices of raw materials restrain the growth of the market.
In addition, advancements in manufacturing technologies have increased the cost efficiency of ventilation grills. Furthermore, the rise in the number of affordable housing projects in major countries of the globe provides lucrative opportunities for the growth of the market.
The ventilation grills market is segmented on the basis of material, application, end-user industry, and region. On the basis of material, the market is divided into plastic, metal, and wood. On the basis of application, it is bifurcated into the 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.
Key Benefits For Stakeholders
By Material
By Application
By End user Industry
By Region