Vinyl Windows Market

Vinyl Windows Market Research, 2031

The global vinyl windows market size was valued at $26.54 billion in 2021 and is projected to reach $41.41 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

The COVID-19 outbreak has affected the growth of the global vinyl windows market owing to the lockdown measure in the countries and the delay in the manufacturing of vinyl windows which are utilized in residential and commercial spaces. Moreover, the decline in the construction of residential and non-residential buildings has negatively affected the growth of the vinyl windows market.

Vinyl windows are essentially windows constructed of polyvinyl chloride (PVC), and they have a 20-40-year lifespan, due to the energy-efficient insulation in the window frames. Since they don't need painting or scraping, they are inexpensive. Vinyl windows come in a range of sizes, colors, and textures. As a result, these windows provide the structures with an attractive and aesthetic appearance.

The expansion of the non-residential building, urbanization in developing nations, rise in income levels of people, and rise in preferences for high-value goods globally are the main drivers promoting the market's growth. Furthermore, stricter regulations, a rise in focus on energy-efficient goods, and the introduction of new hues are anticipated to make it possible for homeowners to give their homes the required visual appeal, paving the way for market expansion. However, issues such as vinyl windows' flexibility essentially restrict their size and the weight of the glass they frame, and they are also not especially sturdy or stiff, which are projected to impede the market's growth.

The vinyl windows market is experiencing growth as a result of expanding rehabilitation and infrastructure activities. A change toward visually pleasing interior designs has occurred as a result of rise in personal disposable income, which is predicted to support market development. In addition, it is anticipated that increased construction spending in developing nations would favorably impact total market demand. For instance, in January 2022, Andersen launched the most comprehensive range of modern windows and doors. It expanded its classic 400 Series casement to include a contemporary profile option, enabling clean, simple profiles to fit the latest in modern design trends and giving clients with even more customization possibilities, demonstrating its industry leadership.

On the basis of type, the casement window segment generated the largest revenue in 2021, due to increase in demand from buildings such as acoustic, energy, security, and bushfire requirement, the casement window is a one-stop solution for all these requirements. These merits are projected to boost the demand for the product, which in turn, is estimated to drive the overall vinyl windows market growth in the coming years.

On the basis of application, the new construction segment accounted for the highest revenue in the global market in 2021 owing to the expanding market for vinyl windows in commercial structures including malls, universities, and large complexes.

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the vinyl window market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to reopening of vinyl windows companies at their full-scale capacities. This is expected to help the market recover by the mid of 2022. After COVID-19 infection cases begin to decline, the vinyl windows producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

On the basis of region, Asia-Pacific registered the highest vinyl windows market share in 2021, owing to a rise in infrastructure activity in the region. Moreover, growing construction activities owing to rapid urbanization & industrialization are estimated to boost the demand for vinyl windows. According to an article released by Global Construction and Oxford Economics stated that the volume of construction output is expected to witness growth by 85% to $15.5 trillion worldwide by 2030, with three countries China, the U.S., and India, leading the way and accounting for 57% of all global growth. Also, in the year 2018-2019, governments of various countries such as Canada, South Africa, the U.S., India, and Argentina, have set new Building Energy Codes for residential buildings to achieve Sustainable Development Scenario (SDS).  Hence, the utilization of the vinyl window market in new construction for a sustainable environment is expected to provide lucrative growth in the vinyl windows market forecast period.

The vinyl windows market is segmented into Type, Application and End User. On the basis of type, the market is divided into the single and double-hung window, casement window, gliding window, picture window, other. On the basis of application, the market is divided into new construction and renovation & reconstructing. On the basis of end user, the market is divided into residential and non- residential. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

The key players that operating in the vinyl windows industry are A&B Glass Group, All Weather Windows, Alternative Windows, Anglian Home Improvement, Anderson Corporation, Chelsea Building Product Inc., Croft Llc, Crystal Windows Co., Harvey Building Products, International Windows Corporation, Intus Window, Pella Corporation, Paradigm Windows, Stanek Window and Softlite Windows & Doors.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market analysis from 2021 to 2031 to identify the prevailing vinyl windows market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces for vinyl windows market analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global vinyl windows market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global vinyl windows market trends, key players, market segments, application areas, and market growth strategies.

 Vinyl Windows Market Report Highlights