The UPVC Doors and Windows Market in India Has Experienced Remarkable Expansion in Recent Years, and There is a Projected Substantial Growth
Market Overview:
The uPVC doors and windows market in India has experienced remarkable expansion in recent years, and there is a projected substantial growth trajectory with an anticipated CAGR surpassing ~11% throughout the forecast period spanning from 2023 to 2027. uPVC doors and windows have gained popularity in India due to their energy efficiency, durability, and low maintenance requirements. They are used in both residential and commercial buildings and offer advantages over traditional materials like wood and aluminum. Enhanced funding from both central and state governments for infrastructure projects, alongside public investments, coupled with a reduction in construction material costs, is set to amplify the growth of the product market.Despite the relatively positive outlook of the uPVC industry post-lockdown, it's worth noting that it experienced a lesser immediate impact compared to other manufacturing sectors. The doors and windows segment encountered a delayed effect as it grappled with a backlog of orders that required fulfillment. Several companies in India are involved in the manufacturing and distribution of uPVC doors and windows. These companies offer a range of products to cater to different segments of the market.
India uPVC Doors and Windows Market Analysis
- The uPVC doors and windows market in India is susceptible to a high number of new entrants such as Kaka Industries, Prominence Windows System, Namo Projects, 2021, due to low capital investments required in setting up a fabrication unit and provide customized products to consumers
- Presence of a large number of small and medium sized players give the consumers the edge over the uPVC providers as the consumers have multiple options to choose from the brands. Average price for final product ranges as minimum as ~ INR 700
- uPVC doors and windows face stiff competition from aluminum-based doors and windows in India due to better strength and color availabilities. The uPVC products also face competition from substandard products imported by small to high scale suppliers against local production
- The presence of a large number of suppliers who import cheap profiles (INR 80-90) from other countries like China, Germany, Italy and more with competitive pricing adoption by the major brands to keep up with the unorganized sector has diminished the bargaining power of suppliers
Key Trends by Market Segment:
- By Types of Doors: Whereas, casement doors offer better security of the property. Thus, installing uPVC casement doors is becoming common in India. uPVC casement doors are quite sturdy, and they can incorporate elaborate multi-point locking systems to offer high-levels of security for office and residential space. Sliding uPVC doors have panels that slide horizontally along tracks. They are ideal for spaces with limited room for door swings and provide a contemporary and space-saving solution
- By Type of End User: The popularity of uPVC doors and windows has surged significantly, particularly in residential, hospital, and institutional settings. This heightened demand is attributed to the exceptional noise-cancellation attributes of uPVC materials. NCL Veka, a prominent player in the industry, has responded adeptly by offering double or even triple glazed frames specifically designed to mitigate noise disturbances, a quality of paramount importance, especially in bustling metropolitan areas and construction-intensive zones
Competitive Landscape:
- The competitive landscape of the India uPVC Doors and Windows Market was dynamic and competitive, with both domestic and international companies operating in the market. The industry attracted various players offering a wide range of uPVC Doors and Windows products. Established brands and technological innovation were key factors in the competition. Key players include well-known global brands as well as local manufacturers.
- The competitive landscape of the uPVC Doors and Windows market in India is characterized by the presence of several key players vying for market share
Recent Developments:
- Window Magic partnered with Profine Group to supply quality uPVC profiles to manufacturer uPVC doors and windows
- Fenesta launched its new factory in Odisha which is its 6th manufacturing unit in the country to cater the needs of their rapidly expanding customer base. The other five being in Kota, two in Bhiwandi, Chennai and Hyderabad
- The Profine Group acquired essential assets from the British Aperture Group which is known for its renowned brands such as Legend, Synergy, Evolve, Calibre Doors, Norvik New Build or WarmCore
- Aluplast India is a subsidiary of the Aluplast Group which has headquarter in Germany. It started second phase of investment in India for extruding uPVC profile systems
Future Outlook:
- Changing consumer preferences is one of the leading reasons which will be contributing in increasing the demand for uPVC doors and windows in India
- As the Indian population becomes more urbanized and aspirational, there is a shift in consumer preferences towards modern and aesthetically pleasing building materials
- By 2050, it is projected that India will have added 416 Mn urban dwellers
- uPVC doors and windows come in various designs, colors, and finishes, allowing for customization to match different architectural styles and personal tastes
- This versatility makes uPVC products increasingly popular among consumers looking for contemporary and stylish solutions for their homes and offices.
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Executive Summary
The report titled “India uPVC Doors and Windows Market Outlook to 2023 - By Fabrication and Extrusion Segment, By Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata), By Raw Material Procurement, and By Application (Residential, Retail, Hotel, Hospital and Institutional)” provides a comprehensive analysis of UPVC Doors and Windows in India.
The report focuses on overall market size, UPVC Doors and Windows market segment by Fabrication and Extrusion, UPVC Doors and Windows, By Regions (Northern, Southern, Western and Eastern), by Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata and Others), by Market Structure (Organized and Unorganized), by Raw Material Procurement (Imported and Local Market), by New Construction and Renovation, and by Applications (Residential, Retail, Hotel, Hospital and Institutional).
The report also further classifies UPVC Doors market by Type (Sliding and Casement Doors), and by Location of Doors (Patio Doors, Interior Doors and Others) and UPVC Windows Market by Type (Gliding & sliding Windows, Casement Windows, Fixed Windows, Single and Double Hung Windows and Others), by Single or Double Glazed Windows, and by Glass Type (Clear, Reflective, Tinted, Frosted and Others).
The report also covers the overall competitive landscape of major companies such as Fenesta Building Systems, NCL Wintech, Aparna Venster, Encraft India, Rehau, LG Hausys, Deceuninck, Profine India, VEKA India, Window Magic, Lingel Germany, Aluplast India, Dhabriya Polywood Ltd, Lesso Buildtech Private Limited, Torfenster Systems (India), ADO (India) Private Limited. The report concludes with market projections and analyst recommendations.
India UPVC Doors and Windows Market
uPVC Doors and windows fabrication and extrusion technology and practices are pioneered by German Companies which have set up their subsidiaries in India and are currently dominating the market in uPVC doors and windows. India uPVC doors and windows market is mostly a made-to-order industry wherein the fabrications of products are done only after an order is placed by the consumer as per their customized needs. Only a handful of companies (majorly Indian subsidiaries of international companies) have their own extrusion units in India. Fenesta Building Systems, NCL Wintech, Encraft, Profine India, Welltech Systems and Sara Elgi Arteriors Limited are some of the companies having in-house extrusion lines for production of uPVC doors and window profiles. On an average, a medium to large sized company in this industry has a SKU of 200-300 MT of uPVC profiles.
India uPVC doors and windows market has witnessed meteoric growth between FY’2013-FY’2018. Growing awareness about the benefits of uPVC products, rapid urbanization, high migration of working class population to urban cities, increased personal disposable income and rise in residential units contributed to the steady growth of this industry.
The market of uPVC doors and windows was majorly driven by the demand from high and medium end residential apartments and hotels in metro cities. Delhi accounted for the dominant share in the market revenue in FY’2018 followed by Bangalore, Mumbai, Chennai and Kolkata.
India uPVC doors and windows market is largely dominated by unorganized players and highly segmented due to presence of several medium and small scale companies.
Trade Scenario
In order to be price competitive in the market, a vast majority of the companies have found it cost effective to import cheaper raw materials instead of procuring it from the companies producing domestically. The import inclined during FY’2013-FY’2015 due to high domestic demand and expiry of antidumping duty imposed by the government of India on imports of PVC suspension grade from China, Chinese Taipei, Indonesia, Japan, Malaysia, South Korea, Thailand and the US.
Trades slumped in FY’2015 and continued to decline in FY’2016 and the trend repeated in FY’2018 after a slight pickup in FY’2017. This is mainly due to slowdown in construction sector in the country and revised antidumping duties imposed by the government of India in April 2014 on PVC imports into the country in the range of USD 9.47-147.96 per tonne.
Competition Scenario in India uPVC Doors and Windows Market
The uPVC doors and windows market in India comprised of several medium and large scale players operating only in profile extrusion segment or performing fabrication and installation or both. Fenesta, NCL Wintech and Aparna Venster are some of the companies operating in manufacturing, fabrication, installation and after sales customer service for its uPVC products. The industry is in its growth stages of market potential and is currently driven by moderate margin and reasonable sales volume. In FY’2017, Rehau Polymers accounted for the largest share in the overall uPVC doors and windows market followed by NCL Wintech, Finesta India Limited, Lesso Buildtech and Profine India.
Future Projections and Outlook for India uPVC Doors and Windows Market
The market is expected to expand synergistically in the mid-long term due to several driving factors including shortage of household units in the country, central government’s initiatives to develop affordable housing for all by 2022 and build several smart cities across the country. The industry is expected to grow stupendously at a CAGR FY’2018-FY’2023. In the mid-long term, market share of windows is expected to steadily incline further as the industry matures and gains traction.
Key Topics Covered in the Report
- India UPVC Doors and Windows Market Size, FY’2013-FY’2018
- India UPVC Doors and Windows Market Size by Extrusion and Fabrication, FY’2013-FY’2018
- India UPVC Doors and Windows Market Segmentation (BY Doors & Windows, By Region, By Major Cities, By Organized & Unorganized, By Raw Material Procurement, By New Construction & Renovation, and By Application), FY’2018
- India UPVC Doors Market Size, FY’2018
- India UPVC Doors Market Segmentation (By Type of UPVC Doors, and By Location of Doors), FY’2018
- India UPVC Windows Market Size, FY’2018
- India UPVC Windows Market Segmentation (By Type of UPVC Windows, By Single & Double Glazed UPVC Windows, and By Type of Glass Used), FY’2018
- Trade Scenario of PVC Resin in India, FY’2013-FY’2018
- Trend and Developments in India UPVC Doors and Windows Market
- Issues and Challenges in India UPVC Doors And Windows Market
- Government Regulation in India UPVC Doors and Windows Market
- Investment Model in India UPVC Doors and Windows Market
- Recent Activities in India Doors and Windows Market
- Competition Landscape in India Doors and Windows Market
- Pricing Scenario in India Doors and Windows Market
- Future Outlook and Projection in India Doors and Windows Market, FY’2019-FY’2023
- Analyst Recommendation
- Macroeconomic Variables in India Doors and Windows Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Duroplast
- Fenesta
- Veka
- Encraft
- Prominance
- Dhabriya Group
- Greentech
- Innovative Windows
- Deceuninck
- Plast one
