Global Market Insights added New Windows and Doors Market report which provides in-depth information about market overview, top vendors, industry statistics, key market highlights, product types, market drivers, challenges, trends, Windows and Doors industry landscape, size forecast, five forces analysis and Key leading countries/Region.
Technological advancements in windows and door are anticipated to provide immense potential to the Windows and Doors Market size till 2024. Industry players and engineers & scientists across various international laboratories are collaborating with architects and are focusing on the development of efficient and cost-effective windows and door designs, thus meeting customer requirements.
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Rapid developments in construction & renovation of the residential & commercial buildings is the key factor for the increase in windows and doors market. Increasing demand from infrastructure and real estate projects will drive the product market. Lack of standard housing in emerging economies is expected to result in heavy investments for quality housing and trending smart homes over the coming years. This will provide stable growth prospects for windows and door market over the forecast timeframe. Moreover, the growth in the residential construction market is anticipated to draw demand consistency for this industry.
Asia Pacific windows and doors market is the fastest growing region and is expected to be valued at over USD 140 Billion by 2024. The growth in this region can be attributed to the number of dams, airports, and hydro-electric projects to meet the growing industrial requirements. Large population in India and China coupled with expansion in the construction sector is responsible for the window and door market growth in the region. Additionally, huge expenditure from government in these countries for provision of enhanced infrastructure will fuel product penetration.
Some of the key industry players in the windows and doors market include:
- Sapa Building Systems
- Andersen Corporation
- YKK Corporation
Industry players are continuously focusing on the enhancement of their production facilities and upgrading their solutions to differentiate their services from competitors. Immense focus by the industry players for product development for consumer comfort will further bolster the high revenue generation over the coming years.
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uPVC windows and doors market are estimated to hold over 30% of the market share in 2017. Unlike aluminum, uPVC provides better thermal insulation and can effectively stop the transmission of cold and heat inside and outside of the house. Factors such as lightweight nature and low maintenance as compared to wood & aluminum, corrosion resistance, etc. are expected to support the industry growth.
The residential segment is projected to witness steady growth over the forecast period owing to increasing expenditure on construction activities to improve residential infrastructure is anticipated to fuel the windows and doors market demand. Innovations, such as sensor-embedded buildings & roads, water management, geopolymer concrete, and green buildings are likely to present viable growth opportunities over the forecast timeframe.
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