Window And Door Frame Market worth over $130bn by 2024
Published Date: September 22, 2017 Author: Global Market Insights, Inc.
Window and Door Frame Market size is anticipated to surpass USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc.
A key factor contributing towards the high adoption of window and door frame market is the increasing focus on eco-friendly, recyclable products such as uPVC. The material is lightweight, corrosion-resistant and highly durable as compared to its wooden and aluminum counterparts. In tropical countries, the usage of wooden materials can result in trapping heat inside the commercial and residential building, leading to higher energy consumptions of cooling technologies. Owing to this the government in various economies, such as China, has initiated stringent regulations to minimize the usage of wooden products. The dilapidating and old building structure pose a health and safety risk to the occupants. The buildings can develop fault lines and structural damage over time that can cause large walls and ceilings to collapse. As a result, the existing structure requires renovations at regular intervals of time fueling demand for the window and door frame market.
Rapid industrialization and global economic growth is fueling the construction of new buildings and facilitating the growth of the window and door frame market. Several government bodies are funding the development of smart residential and commercial structures. Commercial consumers operating in sectors such as retail outlets and healthcare facilities demand such products that have electronic components encased into the material. For instance, automatic doors in retail stores are fitted with sensor technology to monitor human movement. Furthermore, government facilities have automated locking technologies installed in the door and window frame to ensure that intruders do not have access into certain locations. Additionally, automatic doors are increasingly penetrating the residential market as they allow the geriatric and the mobility impaired population ease of access without compromising on security driving window and door frame market.
Browse key industry insights spread across 315 pages with 386 market data tables & 16 figures & charts from the report, “Window And Door Frame Market Size By Material (uPVC, Wood, Metal), By Application (Residential [New Residential, Improvement & Repair], Commercial [New Commercial, Improvement & Repair]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Russia, Belgium, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Mexico, Brazil, Saudi Arabia, Qatar, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
The presence of government regulations in various economies for the usage of ecofriendly materials is fueling the demand of the wood window and door frame market. There are several types of wood allowing the customer ample choices. Furthermore, it requires low maintenance and are more resistant to air and wind as compared to their steel counterparts. However, the demand for this material segment is anticipated to gradually decline as they can be affected by termites and moisture and offer much lower protection against break-ins and robberies as opposed to automated doors and windows.
The residential window and door frame market is anticipated to exhibit approximately 5% growth in the forecast timespan. This is largely attributed to the development of smart cities and advanced infrastructures in countries such as Singapore and India. Features such as low maintenance and high durability of steel frames, have led to high adoption rates in residential sectors. Increasing rate of remodeling and replacement will also contribute to the growth in residential applications.
Rapid industrialization in Asia Pacific is a major factor contributing to high growth of the window and door frame market. There is a high requirement for durable structure that can withstand long-term usage and provide features such as noise absorption. Additionally, the industrial sector in the region is rapidly growing leading to the large-scale construction of offices and factories. For instance, Yamazaki Mazak in China have announced the development of smart factories spanning more than 500,000 Sq. Ft. This will provide opportunities to the players for the supply of high quality equipment.
Players operating in the global window and door frame market include Croft, LLC, Chelsea Building Products, Deceuninck NV, Pella Corporation, Drew Industries Incorporated, Fortune Brands Home & Security, Royal Group Technologies, Soft-Lite LLC, Corialis Group, Masco Corporation, etc. The industry is characterized by a large number of mergers and acquisitions undertaken by the existing players to sustain market growth. For instance, in July 2016, Pella Corporation acquired Reilly Windows & Doors. This acquisition will benefit Pella to enhance its luxury portfolio with integration of Reilly to serve builders and architects better.
Window and door frame market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD from 2012 to 2024, for the following segments:
Window and Door Frame Market, By Material
Window and Door Frame Market, By Application
- New residential
- Improvement & repair
- New commercial
- Improvement & repair
The above information has been provided on a regional basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- South Africa