Ventilation Grills Market size was over USD 401.22 million in 2024 and is anticipated to exceed USD 643.44 million by the end of 2037, witnessing over 3.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ventilation grills is evaluated at USD 413.1 million.
The demand for ventilation grills in both residential and business structures is anticipated to rise as the construction industries expand globally. According to our data, the United States had more than 919,000 construction businesses in the first quarter of 2024. Maintaining high indoor air quality and guaranteeing the security & comfort of building occupants depends on proper ventilation. In order to ensure optimum air circulation and ventilation in indoor spaces, which helps eliminate pollutants, allergens, and other hazardous elements, ventilation grills are essential.
Given the need for appropriate ventilation systems in new construction and restorations, the demand for ventilation grills is strongly related to that of the construction sector. The ventilation grills industry is further fuelled by the fact that building laws and regulations frequently mandate proper ventilation in new projects. Ventilation grills are also becoming more effective and straightforward to install owing to technological developments, which are accelerating their uptake in the building sector. In general, as more buildings are built or renovated to satisfy the needs of a growing global population, the construction sector is predicted to rise, driving the sales of ventilation grills in residential and commercial structures in the years to come.
Author Credits: Richa Gupta
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?