Global Windows & Doors Market to exceed $260bn by 2024
Published Date: July 16, 2018 Author: Global Market Insights, Inc.
Windows and Doors Market size is estimated to exceed USD 260 billion by 2024; according to a new research report by Global Market Insights, Inc.
Construction industry growth including commercial and residential buildings will boost Windows and Doors Market size. Smart city development initiatives in several countries strongly focusing on improving facilities for citizens are among the key industry growth parameters. Surging government spending in infrastructure development for non-residential and residential buildings fueling product landscape.
According to the U.S. Census Bureau, the construction spending has increased over USD 1.25 trillion and 0.7% growth from the previous year. Lower interest rates and construction of post-natural disaster buildings & houses are highly instigating factors stimulating demand across the country. Improved government finances are positively supporting affordable housing schemes in emerging countries including China, Malaysia, Indonesia, and Thailand fueling windows & doors market demand. Rapid industrialization in several countries is strongly influencing the construction sector.
uPVC windows and doors market segment registered over 50% of the market share in 2017. Increasing demand for lightweight, low cost, and energy efficient product are the major factors instigating product adoption. Product availability in different colors, textures, laminates, and patterns driving revenue share. uPVC product range provide superior sound insulation and thermal insulation benefits in usage of air conditioners are benefiting energy savings especially in eco-friendly houses and buildings propelling windows and doors market size.
Browse key industry insights spread across 376 pages with 466 market data tables & 15 charts & figures from the report, “Global Window & Door 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, Brazil, Mexico, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
Residential Windows and Doors Market will contribute more than 60% market share by 2024. Rising infrastructure development activities worldwide are the primary drivers boosting market size. New construction of houses owing to strong government support in lowering taxes and interest rate positively impacting product demand. Improvement & repairs of houses along with frequent renovation for enhancing interiors designs is likely to witness strong upsurge during the forecast period.
Commercial windows & doors market sector is projected to register over 3.5% CAGR up to 2024. Window and door are prominent parts in designing interior with architectural structures of buildings. Rising development activities for new construction of commercial buildings include schools, hospitals, and industries will expand product demand.
Asia Pacific windows and doors market registered over 8 billion sq. ft consumption in 2017. Strong revenue generation from major companies owing to rising construction in commercial and residential segment fueling market growth. Surging demand for affordable houses owing to improved disposable income is mainly fueling domestic construction sector during forecast time frame. North America Windows and Doors Market is expected to experience growth more than 3.4% up to 2024. Higher income level in the region leading toward adoption of premium door for domestic and non-residential segments.
Windows and Doors Market is highly fragmented owing to the large presence of small companies and local manufacturers in the market. The major companies are LG Hausys, Doorset Solutions Ltd, YKK AP, Pella Corporation, Fenesta Building Systems, RENSON, JELD-WEN, Anderson Corporation and Pella Corporation. Other players are ARBO Window, PT. Sumatera Timberindo Industry, Performance Doorset, ATIS Group, and Vinylguard are notable companies in the market.
Global Windows and Doors Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume, million units, billion sq. ft and revenue in USD billion from 2013 to 2024, for the following segments:
Global Windows and Doors Market, By Material
Global Windows and Doors Market, By Application
- New Residential
- Improvement & Repair
- New Commercial
- Improvement & Repair
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa