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2022
Windows And Doors Market

Windows and Doors Market

by Product Type (Windows and Doors), Material (Wood, Metal, and Plastic), and Mechanism (Swinging, Sliding, Folding, Revolving, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A01627
Pages: 215
Feb 2022 | 27421 Views
Author(s) : Sonali Singh, Amol Phoke
Tables: 101
Charts: 58
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The global windows and doors market size was $217,900.0 million in 2020 and is expected to reach $354,483.6million by 2030, registering a CAGR of 4.9% from 2021 to 2030.

The COVID-19 outbreak has affected the growth of the global windows and doors market owing to the lockdown measure in the countries and delay in manufacturing of doors and windows which are utilized in residential and commercial spaces.

Rise in construction activities across various regions such as Europe & Asia-Pacific are expected to fuel the global windows and doors market growth. The market products are presently being used in the residential and commercial projects. Increase in urbanization and rise in industrialization result in rapid development of the economies, which boosts demand in the global  market. Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly augments the growth of the market.

Windows-and-Doors-Market

 Rise in disposable income, increase in housing requirements, and governmental initiatives to invest in construction related activities are likely to boost the construction sector, which drive the adoption of windows and doors thereby, driving the growth of the market. In addition, the residential construction expenditure of China is expected to increase every year till 2030. For instance, disposable income of South African population grew by 1.6% from 2019 to 2020. In addition, rise in construction of commercial buildings & industrial buildings are expected to foster the growth of the market in Asia-Pacific. For instance, Governmental programs in India, such as “Housing for All 2022” the UDAN (Ude Desh ka Aam Nagrik) scheme and the Aayushman Bharat Program are anticipated to drive the construction sector. These scenarios are favorable for growth of the market in the region during the forecast period.

The growth in the residential and commercial construction sector has positively impacted the market growth and is expected to further fuel the demand for windows & doors. According to the U.S. Census Bureau, total construction spending accounted for $15.7 trillion in July 2021, which includes renovations, home improvement, and remodeling of residential & commercial buildings. Besides, the global construction industry is expected to reach $8 trillion by 2030, driven by countries such as China, the U.S, and India. Hence, the construction industry is anticipated to represent a much bigger part of the global economy by 2030.

Major players such as JELD-WEN, Lixil Group Corporation, and Masco Corporation have adopted product launch as key development strategy to improve the product portfolio of the windows and doors market products. For instance, in February 2019, JELD-WEN introduced a new 8ʹ option to its Conmore Interior Door Collection. The new product offering completes the full-featured Conmore Interior Door Collection and is suitable for use in new construction, repair, or remodelling projects. The product launch aimed to improve the product portfolio of the company.

However, high price packages for eco-friendly doors and windows are anticipated to hamper the growth of the global windows and doors market. Conversely, surge in construction of buildings is anticipated to provide lucrative opportunities for the growth of the global market.

Windows and Doors Market
By Product Type

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Windows segment is projected to grow at a highest CAGR of 6.0%.

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The global windows and doors market is segmented on the basis of product material, mechanism, end-user, and region. Based on product, the market is fragmented into windows and doors. The windows segment dominated the market in 2020. Based on material, the market is divided into wood, metal, and plastic. The metal segment dominated the market in 2020. Based on mechanism, the market is divided into swinging, sliding, folding, revolving, and others. The sliding segment dominated the market in 2020. Based on end-user, the market is bifurcated into residential and non-residential. The residential segment dominated the market in 2020.

By region, the market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific generated the highest revenue in 2020.

Windows and Doors Market
By End User

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Modular segment holds dominant position in 2020

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Competition Analysis

The key players profiled in the windows and doors market report include Anderson Corporation, Atrium Corporation, Horton Automatics, JELD-WEN Inc, Lixil Group Corporation, Marvin Windows and Doors, Inc., MI Windows and Doors, Masco Corporation, Pella Corporation, YKK Corporation.

Major players have adopted acquisition and product launch as key developmental strategies to improve the product portfolio of the global market. For instance, in November 2019, MI Windows and Doors finalized its acquisition of Milgard Windows & Doors from Masco Corporation. This acquisition aims in combining two leading brands in the residential window industry and to become the most well-known window business.

Windows and Doors Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a significant rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global windows and doors market trends and dynamics. 
  • In-depth market analysis is conducted by global market estimations for the global windows and doors market segments between 2020 and 2030.
  • Extensive analysis of the global windows and doors market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global windows and doors market forecast from 2021 to 2030 is included in the report.
  • The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global windows and doors industry.

Windows and Doors Market Report Highlights

Aspects Details
BY PRODUCT
  • Windows
  • Doors
BY MATERIAL
  • Wood
  • Metal
  • Plastic
BY APPLICATION
  • Swinging
  • Sliding
  • Folding
  • Revolving& Others
BY END-USER
  • Residential
  • Non-residentialBY REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

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The windows & doors market witnessed significant growth over the past few years, owing to rise in new construction activities and surge in home remodeling expenditures. In addition, surge in spending on commercial and residential construction activities fuels the demand for windows and doors; thereby, driving the growth of the windows and doors market.  

The growing construction industry and increasing renovation of existing buildings & commercial construction industry drives the growth of the global windows and doors market. For instance, in 2020, the Amazon headquarter office space project started in Virginia, Amazon HQ2 for $2.5 billion and it is expected to open up in 2023. China and India are expected to witness increase in construction activities; thus, driving the growth of the global windows and doors market.

However, high price packages for eco-friendly doors and windows are anticipated to hamper the growth of the market. Conversely, surge in construction of buildings are anticipated to provide lucrative opportunities for the growth of the global windows and doors market.

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FREQUENTLY ASKED QUESTIONS?

A. The Global windows and doors Market size was valued at $217,900.0 million in 2020.

A. Based on end user, residential segment holds the maximum market share of the Global windows and doors Market in 2020.

A. The Global windows and doors Market is projected to reach $356,483.6 million by 2030.

A. A rise in home renovation and rise in investment in construction sectors, are the key trends in the Global windows and doors Market.

A. The acquisition is key growth strategy of Global precast construction industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. Fluctuation in raw material prices which effects for global windows and doors Market.

A. The application of windows and doors system includes residential, commercial, and industrial spaces.

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