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Composite Doors and Windows - Global Strategic Business Report

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    Report

  • 526 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302928

Global Composite Doors and Windows Market to Reach $1.6 Billion by 2030

The global market for Composite Doors and Windows estimated at US$842.2 Million in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Fiber Reinforced Plastics, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Wood Plastic Composites segment is estimated at 7.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $250.2 Million, While China is Forecast to Grow at 10.6% CAGR

The Composite Doors and Windows market in the U.S. is estimated at US$250.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$258.3 Million by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Select Competitors (Total 78 Featured)

  • Hardy Smith Designs Private Limited
  • Andersen Corporation
  • ASSA ABLOY AB
  • Dortek Limited
  • Deceuninck NV
  • LG Hausys, Ltd.
  • Chase Doors, Inc.
  • Beautex Industries Pvt Ltd.
  • JELD-WEN Glass Australia
  • ECOSTE (A Venture of ASMA TRAEXIM PVT. LTD.)
  • Epwin Group
  • Curries
  • Euramax Solutions
  • IG Doors Ltd.
  • E3 Extrusion, Inc. (E3 Wood)

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Composite Doors and Windows Market

What is the estimated value of the Composite Doors and Windows Market?

The Composite Doors and Windows Market was estimated to be valued at $842.2 Million in 2022.

What is the growth rate of the Composite Doors and Windows Market?

The growth rate of the Composite Doors and Windows Market is 8.4%, with an estimated value of $1600 Million by 2030.

What is the forecasted size of the Composite Doors and Windows Market?

The Composite Doors and Windows Market is estimated to be worth $1600 Million by 2030.

Who are the key companies in the Composite Doors and Windows Market?

Key companies in the Composite Doors and Windows Market include Hardy Smith Designs Private Limited, Andersen Corporation, ASSA ABLOY AB, Dortek Limited, Deceuninck NV, LG Hausys, Ltd., Chase Doors, Inc., Beautex Industries Pvt Ltd., JELD and WEN Glass Australia.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Economic Volatility & Construction Market Dynamics to Shape Growth Patterns
  • Recovery in Construction Sector to Boost Growth
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • United States Housing Units Starts (in Thousands) for 2015-2021
  • An Introduction to Composite Doors & Windows
  • Comparison of Wooden, uPVC & Composite Doors & Windows
  • Global Market Outlook
  • Composite Doors & Windows Market: Dazzling List of Drivers
  • Fiber Glass Lead the Global Composites Doors and Windows Market
  • Polyester Resin Emerges as Leading Category in Composite Doors & Windows Market
  • North America Stays above the Pack in Global Composite Doors & Windows Market
  • Competition
  • Composite Doors and Windows - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Myriad Benefits of Composite Materials Fuel Use in Doors and Windows
  • The Rise of Composite Doors
  • Composite Doors Emerge as the Door of Choice for Residential Properties
  • Panoramic View of Trends Associated With Composite Front Doors
  • Rising Prominence of Energy Efficient Building Products: A Strong Growth Driver
  • Composites Find Growing Use in Green Buildings
  • Global Green Buildings Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Building Renovations & Remodeling: Prominent Revenue Generating Vertical
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • Robust Gains for Composite Windows & Doors Market across Residential & Non-Residential Construction Sectors
  • Non-Residential Sector Benefits from Building Panel Systems
  • Market to Benefit from the Rise of E-Commerce and Resultant Boom in Warehouse Construction
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
  • Rising Popularity of Fiberglass Doors
  • The Many Advantages of Fiberglass Composite Doors Spur Adoption
  • Exceptional Features and Benefits of Wood Plastic Composites (WPC) Drive Usage in Windows and Doors
  • WPC Doors: Green Attributes to Fuel Market Growth
  • As Demand Rises for Hygienic Doors & Windows, Composite Materials Hold an Edge
  • Trends in the Doors & Windows Industry to Influence Market Demand
  • Advancements in Fenestration Technology Locks-in Demand
  • Comparing Vinyl vs Wood vs Metal vs Composite Windows and Patio Doors
  • Expensive Nature & Low Awareness of Composites: Key Hurdles to Growth
  • Wood and Metal: Widely Used Competitive Materials Present Challenges
  • Composite Doors vs. uPVC Doors
  • Demographic Trends Add Strength to Construction Spending, Drives Opportunities for Composite Windows and Doors
  • Population Growth
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • Rapid Urbanization
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
  • Expanding Middle Class Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
  • Rising Standards of Living
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Composite Doors and Windows Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Composite Doors and Windows by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Composite Doors and Windows by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Composite Doors and Windows by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Fiber Reinforced Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Fiber Reinforced Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Fiber Reinforced Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Wood Plastic Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Wood Plastic Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Wood Plastic Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Polyester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Polyester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Polyester by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for PVC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for PVC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for PVC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Other Resin Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Other Resin Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Other Resin Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Composite Windows & Doors Market in India Faces Threat from Rising Popularity of uPVC
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Composite Doors and Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hardy Smith Designs Private Limited
  • Andersen Corporation
  • ASSA ABLOY AB
  • Dortek Limited
  • Deceuninck NV
  • LG Hausys, Ltd.
  • Chase Doors, Inc.
  • Beautex Industries Pvt Ltd.
  • JELD-WEN Glass Australia
  • ECOSTE (A Venture of ASMA TRAEXIM PVT. LTD.)
  • Epwin Group
  • Curries
  • Euramax Solutions
  • IG Doors Ltd.
  • E3 Extrusion, Inc. (E3 Wood)