Fiberglass Window Market Research, 2031
The global fiberglass window market size was valued at $3.8 billion in 2021, and is projected to reach $5.9 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.
A fiberglass window section is available with a foam-filled core or a hollow core and is widely used in residential and commercial buildings. The high density of this strong material gives the windows their long durability without losing the required flexibility and appearance. Fiberglass windows are commonly found in hotels and restaurants. These windows can rarely be scratched, peeled, or warped, and offer more cold weather advantages owing to their insulation properties. Fiberglass windows are recyclable and have a low environmental impact. They are widely used in green buildings as they reduce the carbon footprint of the building. They help in reducing the air conditioning or heating costs that are involved in heating or cooling the building.
Fiberglass windows are highly energy efficient. It has an air cavity that is filled with a foam-filled core or a hollow core, both of which act as very good insulating materials. The frame expands and contracts the same as glass, resulting in a reduced leakage of air and an increased energy efficiency of the windows.
The global fiberglass windows industry is experiencing development due to several factors that include growth in the construction industry and urbanization. As per the World Urbanization Prospect reports, approximately 54% population belonged to urban & municipal places in 2014, which is expected to reach 66% by 2050, thereby fueling the development in the fiberglass window market. Furthermore, rise in standard of living of people boosts the demand for renovation & remodeling construction projects. Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive the market growth. For instance, the European Commission announced the "Renovation Wave" initiative for public and private buildings in 2020, with the goal of significantly increasing renovation rates across the EU and providing a framework for renovation to support green building. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors drive the Fiberglass window Market growth.
Fiberglass windows are suitable for residential and commercial buildings as they improve the aesthetic appeal and offer superior insulation. In addition, these windows possess thermal insulation, waterproofing, and energy conservation properties, which are expected to boost their adoption during the forecast period. Moreover, they can resist different weather conditions, perform better, and last longer than vinyl windows.
Major players have adopted various strategies such as operating launch and acquisition to sustain the competition and improve the operating portfolio. For instance, in January 2022, Andersen Windows expanded its legacy 400 Series casement to include a contemporary profile option, offering clean, simple profiles to accommodate the latest in modern design trends and provide customers with even more customization options. This launch is expected to bring enrichment to its product line.
The fiberglass window market is segmented into Operating type, Application and End user and region. On the basis of operating type, the market is segmented into single & double hung, casement, picture, sliding and others. On the basis of application, the market is divided into new construction and renovation & reconstruction. On the basis of end user, the market is divided into residential and non-residential. Region wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of operating type, the casement segment generated the highest revenue in 2021 due to a rise in consumer expenses on home remodeling and restructuring, which has been a key driver of the fiberglass windows market growth.
On the basis of region, Asia-Pacific registered the highest share of the global fiberglass window market share share in 2021, owing to increased investment in tourism by the private as well as public sector, which has led to increased construction activities, thereby creating a demand for fiberglass windows. Furthermore, the majority of countries in the region are spending on construction sector for the growth of their economies.
On the basis of end user, the residential segment accounted for the highest revenue in the global market in 2021, owing to the features of fiberglass windows such as prolonged durability, design flexibility, and easy installation that drive the fiberglass window market opportunity.
The key players that operate in the fiberglass window market are Agoura Sash and Door (ASD), Alpen, Andersen Corporation, Builders FirstSource, Cascadia Windows & Doors, EnerLux, Fibertec, Harvey Windows and Doors, Inline Fiberglass, JohnKnight Class, Kohltech, Lorendo, Marvin, Milgard, Pella Corporation, Quality Window&Door, and Westeck.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global fiberglass window market trends trends and dynamics.
- In-depth market global fiberglass window market analysis analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of fiberglass windows market is conducted by following key operating positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Fiberglass window market forecast forecast analysis from 2022 to 2031 is included in the report.
- The key players in the fiberglass windows market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of fiberglass window industry.
Fiberglass window Market Report Highlights
By Operating type
By End user
Key Market Players
Agoura Sash and door, JohnKnight Class, Cascadia Windows & Doors, Inline Fiberglass, Quality Window & Door, Milgard, Kohltech, Alpen, Fibertec, Lorendo, Pella Corporation, Builders FirstSource, Westeck, Harvey Windows and Doors, EnerLux, Andersen, Marvin
The fiberglass windows market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to rise in urbanization and surge in investment in infrastructure by government authorities. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global fiberglass windows market growth. The casement segment accounted for the majority of the market share in 2021, owing to a rise in consumer expenses on home remodeling and restructuring, which has been a key driver of the fiberglass windows market growth.
Various market players have adopted strategies such as product launches, business expansions, acquisition, and agreements to expand their business and strengthen their market position. For instance, in January 2022, Andersen Windows expanded its legacy 400 Series casement to include a contemporary profile option, offering clean, simple profiles to accommodate the latest in modern design trends and provide customers with even more customization options. This launch is anticipated to further enrich its product line. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global fiberglass windows market.