Window & Door Frames Market worth over $134 Bn by 2026
Published Date: October 7, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Window and Door Frames Market size is forecast to exceed USD 134.06 billion by 2026; according to a new research report by Global Market Insights, Inc.
The rapidly increasing demand for innovative windows and doors across residential and commercial sectors is due to growing urbanization and rising population across the globe. Moreover, the increasing popularity and need for green building and energy-efficient products will further drive the industry demand.
Strong growth in residential and commercial construction activities has positively influenced the window & door frames market outlook. Rising energy consumption and cost in many countries have further propelled the adoption of innovative windows. Additionally, the increasing number of single-family housing unit in the U.S. owing to the growing population is projected to enhance the market demand in new constructions. In many countries, governments are taking initiatives to construct green buildings, which is estimated to boost the market growth.
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The growing popularity of uPVC windows and doors owing to benefits such as light weight, corrosion resistance, low installation cost, and increased energy efficiency is expected to spur the market revenue.
Browse key industry insights spread across 125 pages with 145 market data tables & 10 figures & charts from the report, “Window and Door Frames Market Size By Material (uPVC, Wood, Metal), By Application (Residential [New Residential, Improvement & Repair], Commercial [New Commercial, Improvement & Repair]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
uPVC segment will hold maximum market share
The uPVC window & door frames market is predicted to captured 32% share in 2026 due to its various benefits including low cost, minimal maintenance, and superior energy performance, etc. These materials provide a good level of insulation against street noises. uPVC has emerged as a substitute for wood and a reliable building material. uPVC will continue witnessing high adoption rate due to its environmentally friendly and recyclable nature. This material is the most durable and requires no maintenance, making it easy to use, convenient, and less time consuming. Surging construction activities in emerging countries along with the rising trend of energy-efficient buildings are likely to propel the product demand.
The wood material segment held over 25% market share in 2019 and is anticipated to grow at 5.9% CAGR through 2026. Wooden window and door frames are long lasting & durable. For instance, timber windows need minimal maintenance and can be renovated & restored. Wooden windows & doors add an element of visual beauty to any architectural design, which may influence the growth rate.
Strong growth in the residential construction sector to spur the window & door frames market
Rising adoption rate of the uPVC in residential sector due to the development of smart cities is expected to boost the overall market demand. Growing awareness of energy conserving and eco-friendly products in residential buildings to comply with the government initiatives for energy conservation will fuel the market revenue. Properties, such as high durability and low maintenance, have led to increased demand for uPVC in residential sectors. The increasing rate of remodeling and replacement will also contribute to the growth of residential applications.
Asia Pacific to witness promising growth during the forecast period
Asia Pacific window and door frames market revenue accounted for around 43% share in 2019 and is anticipated to maintain its dominance during 2020 to 2026. Increasing awareness regarding energy-efficient buildings and the need for environmentally friendly products are also major factors driving the regional market demand. Furthermore, stringent regulations pertaining to greenhouse gas emissions from buildings in North America are anticipated to drive the demand. In 2019, North America accounted for over 19% market share.
Some of the major players operating in the window and door frames industry include Andersen Corporation, SGM Windows, Pella Corporation, JELD-WEN, Inc., Vinylguard Windows and Doors Systems Ltd., ATIS Group, Performance Doorset Solutions Ltd. (PDS), B.G. Legno, Neuffer Windows + Doors, Weru Group, RENSON, Ponzio – P.IVA., Deceuninck NV, TOSATTI, Brazil Garage Door, Nawa International, Glass Rite, Cantera Doors, Saudi Aluminium Industries Company (SALUMCO), Fenesta Building Systems, TAMCO GULF LTD., Century Plyboards, SWARTLAND, and JARIDA among others.
The key window & door frames market players are mainly focused on product innovations to enhance their market shares. For instance, Pella Corporation expanded its Insynctive smart solutions segment by offering optional built-in security sensors in Pella designer and architect series doors and windows in September 2016.