Windows & Doors Market size worth over $215.9 Bn by 2026
Published Date: December 15, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Windows & Doors Market is set to surpass USD 215.9 billion by 2026, according to a new research report by Global Market Insights, Inc.
The availability of wooden windows & doors in various sizes, customization options, and variation in looks based on customer specifications will drive the market growth. Superior insulation against outside weather and noise will further support product demand. The price of the product is dependent on the quality of the wood or the ply used for manufacturing windows & doors. The easy machinability of wood will propel the overall market expansion. However, growing environmental regulations on wood usage coupled with increasing consumer awareness may affect its demand in the coming years.
Browse key industry insights spread across 415 pages with 469 market data tables & 36 figures & charts from the report, “Windows & Doors Market Size, By Material (uPVC, Wood, Metal), By Application (Residential [New Residential, Improvement & Repair], Commercial [New Commercial, Improvement & Repair]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Product demand for commercial application to showcase significant growth
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Windows & doors market for commercial application is predicted to witness 6.5% growth rate till 2026 owing to superior installation and maintenance. The commercial sector including offices, retail, schools, healthcare, hotels, and transport primarily focuses on the adoption of eco-friendly products to minimize the environmental effects, influencing the market revenue in this application. Products offering higher value-added services are projected to observe a surge in the near future. Growing global awareness of these products will boost the market demand.
Improvement & repair in the commercial segment will further enhance the overall market value. Increasing advancements coupled with repair spending are estimated to further support product demand. Building standard upgrades focus on the safety of the buildings and an upsurge in eco-friendly materials are trending. Industry players are focusing on opportunities to provide new products that maintain the overall theme of the commercial building. A wide color availability along with various shapes & sizes of the products is expected to positively influence industry demand.
The North America region will observe substantial revenue growth
North America windows & doors market size is poised to reach USD 41 billion in 2026 due to continuous construction activities in the region to improvise the aesthetic beauty in infrastructures, in both the residential and commercial sectors. Revenue generation can be driven by the rapid aging of infrastructures in the region that results in high demand for infrastructural development, escalating industry expansion over the forecast timeframe. Large-scale trading of timber in the region will foster the wooden windows & doors industry growth over the coming years.
The vast presence of wooden windows & doors can be attributed to their preference over aluminum counterparts as they provide high heat insulation properties. The presence of various international associations such as the American Architectural Manufacturers Association (AAMA) and the Window & Door Manufacturers Association (WDMA) has impacted the industry positively led by various standards dealing with the production of doors and windows.
Major participants operating in the windows & doors market are Anderson Corporation, ATIS Group, Nawa International, Deceuninck NV, and RENSON. Companies working in the industry are focusing on new product development to gain a wide customer base.