Enjoy complimentary customisation on priority with our Enterprise License!
The roofing ventilation products market size is estimated to grow at a CAGR of 5.22% between 2022 and 2027. The market size is forecast to increase by USD 1,172.16 million. The growth of the market depends on several factors such as the growing construction activities worldwide, the increasing focus on energy efficiency, and the increasing frequency and intensity of climate-related challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by distribution channel (offline and online), end-user (non-residential and residential), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Roofing Ventilation Products Market Forecast 2023-2027
To learn more about this report, Request Free Sample
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Proper roof ventilation plays a key role in optimizing a building's energy efficiency. These products help to regulate the temperature and humidity levels in the roof or attic by allowing hot air to escape and allowing cooler outside air to circulate. This reduces the need for excessive heating and cooling, leading to significant energy savings.
In addition, roof ventilation products that help to maintain a comfortable indoor environment while reducing energy consumption are increasingly viewed as an essential element of green and sustainable building design. Therefore, increasing focus on energy efficiency is expected to drive the growth of the market during the forecast period.
Solar vents, which harness solar energy to improve roof ventilation, are becoming increasingly popular for reasons of sustainability, energy efficiency, and cost savings. Solar-powered vents are highly energy efficient and reduce dependence on traditional power sources. By using renewable solar energy, these vents contribute to reducing carbon emissions and green building practices.
Additionally, as solar panel technology advances, these vents are becoming increasingly efficient and affordable, making them an increasingly attractive option for sustainable, energy-efficient, and cost-effective roof ventilation solutions. This is expected to drive the growth of the market growth during the forecast period.
High initial costs encompass not only the price of the ventilation products themselves but also the installation charges and potential modifications to existing buildings. These financial barriers can discourage building owners and contractors from investing in advanced roofing ventilation solutions, particularly those designed for energy efficiency and sustainability.
Moreover, structural modifications, electrical work, and potential disruptions to occupied spaces can increase retrofitting costs substantially. These expenses can be particularly daunting for building owners looking to upgrade roofing ventilation in older building structures. Thus, while roofing ventilation products can yield long-term benefits, the immediate financial investments necessary may not align with the expectations of building owners or investors, thereby posing a major challenge to the growth of the market in focus during the forecast period.
The offline segment will account for a major share of the market's growth during the forecast period.?Offline sales channels continue to be an important platform for purchasing roof vents products, especially for customers who prefer personal interaction, immediate product availability, and hands-on experience. Traditional hardware stores, home improvement stores, and building supplies centers serve as important offline sales channels for roof ventilation products.
Get a Customised Report as per your requirements for FREE!
The offline segment was valued at USD 2,571.29 million in 2017. Wholesalers and distributors act as intermediaries between manufacturers and retailers. They typically supply roof ventilation products in bulk to retailers, contractors, and builders. These channels are particularly relevant to the construction industry, where projects often require large quantities of materials. Therefore, such factors will propel the growth of the offline market segment during the forecast period.
Based on end-user, the market has been segmented into non-residential and residential. The non-residential segment will account for the largest share of this segment.?Roof vents products are important in the non-residential sector to ensure occupant and worker comfort, energy efficiency, and building integrity. In commercial, institutional, and industrial environments, these products regulate indoor temperatures, reduce cooling costs, and improve indoor air quality. Additionally, manufacturing facilities, warehouses, and industrial facilities often face challenges with heat generation and humidity control. Roof ventilation products are important for providing proper ventilation in industrial environments to ensure worker safety and product quality. Therefore, such factors will propel the growth of the market segment during the forecast period.
For more insights on the market share of various regions View PDF Sample now!
APAC is estimated to contribute 46% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The roofing ventilation products market in APAC is growing significantly due to the growth of the construction industry in the region. APAC includes various countries including China, India, Japan, Australia, and several countries in Southeast Asia, each with its own factors that influence the demand for roof vents products.
Moreover, China has become a major market in APAC due to its unprecedented urbanization and construction boom. Rapid economic growth and urbanization in India have led to an increase in construction activities, especially in the residential and commercial sectors. Japan has a strong market for roof ventilation products due to concerns about climate change, energy efficiency, and indoor air quality. Hence, such factors are expected to drive market growth in this region during the forecast period.
In 2020, the outbreak of COVID-19 had a negative impact on the roofing ventilation products market in APAC. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Air Roof Ventilator, Atlas Roofing Corp., BVN, Caoduro SpA, Elta Fans, Fischbach Luft und Ventilatorentechnik GmbH, FlaktGroup Holding GmbH, Genuit Group Plc, Helios Ventilation, KLIMAWENT SA, Maico Elektroapparate Fabrik GmbH, O.erre, Ostberg Group AB, Rosenberg Ventilatoren GmbH, Swegon Group AB, Systemair AB, TANGRA AV Ltd., Volution Group plc, and Venco Ventilation
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The roofing ventilation products market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Roofing Ventilation Products Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
160 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.22% |
|
Market growth 2023-2027 |
USD 1,172.16 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.85 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 46% |
|
Key countries |
US, China, Japan, UK, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Air Roof Ventilators, Aldes Ventilation Corp., Atlas Roofing Corp., BVN, Caoduro SpA, Elta Fans, Fischbach Luft und Ventilatorentechnik GmbH, FlaktGroup Holding GmbH, Genuit Group Plc, Helios Ventilation, KLIMAWENT SA, Maico Elektroapparate Fabrik GmbH, O.erre, Ostberg Group AB, Rosenberg Ventilatoren GmbH, Swegon Group AB, Systemair AB, TANGRA AV Ltd., Volution Group plc, and Venco Ventilation |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
