What is Roof Vents Market?
Roof vents are also called attic vents. This vents ensure good amount of airflow and ventilation in residence. Main purpose of roof vents is to keep cool in the summer and dry during the colder months. This roof vents allow hot air to escape and keep cooler roof. They also offers unbarred exit for the heat, hot air, odours and moistures. Increasing demand for roof vents in residential and industrial structures is driving the market. Geographically, Asia Pacific region is expected to grow with higher growth rate over forecast period followed by North America and Europe owing to increasing construction industry, demand for residential buildings with growing population in emerging countries like China and India.
The market study is being classified by Type (Exhaust Vents, Power Vents {Hardwired Power, Solar-Powered, Ridge Vents, Cupola Vents, Box Vents, Others}, Intake Vents, Static vents and Others), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Active Ventilation Products, Inc. (United States), Bill Ragan Roofing Company (United States), Daikin Industries, Ltd (Japan), Atlas Roofing Corporation (United States), Lennox International Inc. (United States), Air System Components Inc. (United States), Air Vent Inc. (United States), Bansal Roofing Products Limited (India), Systemair Ab (Sweden), Canarm Ltd. (Canada), Hartzell (United States) and Active Ventilation Products, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Blowtech Engineers Private Limited (India), Air Roof Ventilators (India) and Kruger Ventilation Industries Pte Ltd. (India).
The market of Roof Vents is expected to grow with rising demand from residential and industrial roofing. Several companies are operating in the market to provide Roof Vents with features. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Segment Analysis
Analyst at AMA have segmented the market study of Global Roof Vents market by Type, Application and Region.
On the basis of geography, the market of Roof Vents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Rise in Demand for Residential Constructions in Emerging Economies Owing to Raised Population
- Augmented Demand Roof Vents to maintain Attic Ventilation
Market Trend
- Increasing demand for Roof Vents for Hotels, Hospitals, Schools, Industrial Buildings are expected to surge the demand
Restraints
- Poor Ventilations owing to Ineffective Ventilation System
Opportunities
- Inclination towards Designing Efficient Roofing Systems such as Eco-Friendly Roofing Offering Opportunities for the Market Growth
- Increasing Installations of Roof Vents in Industrial Area to maintain Ventilation
Challenges
- Higher Initial Cost for Installations
- Roof Vents are not appropriate during Warmer Climates
Market Leaders and some development strategies
In May 2017, FlashCo, maker of quick-install flashing acquired a Seattle-area manufacturer of novel roof exhaust vents. With this acquisition, company is able to expand its existence portfolio and to provide innovative designs along with their water resistance roofing materials.
In July 2020, Atlas Roofing Corporation introduced its new TruRidge and HighPoint Roof Ventilation intake and exhaust systems. It is company’s first ventilation system. It is mainly designed to improve home energy efficiency and maintain optimal roof performance as part of the Atlas Signature Select Roofing System.
Key Target Audience
Roof Vents Manufacturers, Roof Vents Suppliers/Distributor, Raw Material Providers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry