July 30,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Windows and Doors Market.
Windows and Doors Market is likely to witness a CAGR of 5.5% during the forecast period. Major factors such as rapid growth in construction and infrastructural development activities owing to rise in global population, increasing investments in technologies and policies, such as smart grids, urban mobility, water management, industry automation, and parking systems are expected to fuel the growth of the market during the forecast period.
Windows and Doors are basically movable barriers secured in openings, through building walls or partitions with the purpose of providing access to the inside of a building or rooms of a building.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the material type, the market is segmented as uPVC, wood, metal, and others. The uPVC segment is estimated to witness high growth rate in the market owing to its high utilization in windows. uPVC window systems are widely used in households and commercial buildings that use air conditioners, owing to their better insulation, excellent sound, thermal insulation, and energy-saving features. Factors such as easily available varieties in colors, laminates, and patterns of uPVC window systems, growing demand for weather, termites, high impact, and chemical-resistant products are likely to boost the segment’s growth during the forecast period.
Based on the application type, the market is segmented as residential and commercial. Residential sector is estimated to be the dominant segment of the market during the forecast period. North America is one of the major regions having substantial growth opportunities in the residential construction industry owing to increasing consumer demands and also a major contribution in the total residential construction from the U.S. over the forecast period. On the other hand, commercial sector is projected to witness significant growth rate in the market owing to growing commercial construction from regions, such as Asia-Pacific and Latin America with rapid industrialization and urbanization during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest region of the market with China, India, Thailand, Indonesia, and Malaysia being the major countries with increasing investments in construction activities during the forecast period. Factors such as growing demand for non-residential and institutional construction propelled by enhancing public funding, government & state finances, and decrease in prices of the construction raw materials, and growing demand for infrastructural development owing to increasing population are expected to accelerate the growth of the market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities over the forecast period.
Key Players:
- Andersen Corporation
- ATIS Group
- B.G. Legno
- Deceuninck NV
- JELD-WEN, Inc.
- Pella Corporation
- Performance Doorset Solutions Ltd.
- SGM Windows
- Vinylguard Windows and Door Systems Ltd.
- Weru Group.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Windows and Doors Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors