Rapid urbanization and industrialization drives the demand for new residential & commercial construction activities, which is expected to upsurge the demand for windows and doors products, thereby driving the growth of the global windows and doors market. For instance, the German construction industry grew by 2.8% in 2021 and is projected to grow at a rate of 2.3% between 2022 and 2025. In addition, rise in disposable income of the population in various nations such as India, China, and Brazil is expected to drive the adoption of eco-friendly windows & doors in residential & commercial construction activities, thus strengthening the growth of the global windows and doors market. For instance, the disposable income of the U.S. registered a growth of 0.3% from 2020 to 2021. Furthermore, surge in spending on residential and commercial construction activities is expected to fuel the windows and doors market.
The market growth is driven by factors such as advancements by market players producing ecofriendly windows & doors, rise in consumer spending on home improvement, and surge in residential & non-residential construction.
Technological innovation by market players producing ecofriendly windows & doors is expected to propel the windows and doors market growth. For instance, Tiltco, a Canada-based window & door producer, manufactures unplasticized PVC, which offers benefits during the manufacturing process such as less maintenance, lowest production energy requirements, minimal raw material requirements, and least emissions. Milgard manufactures energy-efficient doors and windows designed to cater to thermal and solar requirements, thus fueling the market growth.
Major players such as JELD-WEN Inc., Masco Corporation, Lixil Corporation and others have adopted acquisition as the key developmental strategy to improve the product portfolio. For instance, in March 2020, Masco acquired SmarTap A.Y. Ltd, which is a developer of smart bathing system that monitors and controls the temperature and flow of water. This acquisition aims to improve the product portfolio of the company.
However, high price packages for ecofriendly doors and windows are anticipated to hamper the growth of the market. Conversely, surge in construction of buildings is anticipated to provide lucrative opportunities for the growth of the global windows and doors market.
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, & others. The sliding segment dominated the market in 2020. Based on end-user, the market is divided into residential and non-residential. The residential segment dominated the market in 2020.
Regionally, the market is 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.
COMPETITION ANALYSIS
The key players profiled in the 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.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 windows and doors market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the global windows and doors market 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 analysis 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 market
GLOBAL WINDOWS AND DOORS MARKET SEGMENTS
By PRODUCT
- Windows
- Doors
By Material
- Wood
- Metal
- Plastic
By MECHANISM
- Swinging
- Sliding
- Folding
- Revolving& Others
By END-USER
- Residential
- Non-residential
By Region
- North America
- US
- 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
KEY PLAYERS
- 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
What is the estimated value of the Global Windows and Doors Market?
What is the growth rate of the Global Windows and Doors Market?
What is the forecasted size of the Global Windows and Doors Market?
Who are the key companies in the Global Windows and Doors Market?
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 220945.25 million |
Forecasted Market Value ( USD | $ 356483.6 million |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to a new report titled, “Windows and Doors Market by Product, Material, Mechanism, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,”The global windows and doors market size was $217.9billion in 2020 and is expected to reach $356,483.6million by 2030, registering a CAGR of 4.9% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market accounting for 49.6% share of the market.
Increase in residential & non-residential construction and surge in home remodeling & renovation expenditures drive the windows and doors market growth. In addition, surge in construction spending in countries such as India, Germany, Japan, and the U.S. boosts the growth of the market. For instance, according to U.S. Census Bureau, the spending on construction has increased by nearly 9.3% from November 2020 to November 2021.
By product type, the market is segmented into windows and doors. The windows segment held the largest market share in 2020, and is expected to maintain its dominance during the forecast period. The doors segment is anticipated to grow at the highest growth rate owing to rise of multifamily housing trends. Moreover, rise in consumer spending on home improvement and growth in new construction activities are expected to provide opportunities for market development.
On the basis of material type, the windows & doors market is segmented into wood, metal, and plastic. Metal segment dominated the doors segment owing to its thermal insulation properties, high strength, strong aesthetics, and high utility of this material in the interior doors segment. The residential segment is anticipated to witness increased usage in light commercial & institutional applications, and is anticipated to show the highest growth rate.
The market is categorized on the basis of mechanism into swinging, sliding, folding, revolving, and others. Sliding segment leads the windows market owing to the increased adoption of double-hung windows and shift toward space-efficient homes.
However, high price packages for eco-friendly products are projected to hinder the market growth. Conversely, increase in construction of buildings is predicted to offer lucrative opportunities for the global market development.
Several manufacturers in the global market stopped their business activities due to lockdown implemented in developed and developing countries in 2020, owing to ban on construction activities. This halt in production activities impacted the revenue of the windows and doors manufacturing companies. For instance, net sales of JELD-WEN dropped by 1.3% from January 2020 to December 2020. In addition, lack of man power and raw materials affected the supply chain of the global windows and doors market. However, the market is projected to recover in the coming months due to reduced restrictions and reopening of the global windows and doors industry. Moreover, with the availability of vaccine against COVID-19, the global market is expected to gradually witness growth.
The global windows and doors market is segmented on the basis of product, material, end user, and region. Based on product, the market is segmented 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 divided into residential and non-residential. The residential segment dominated the market in 2020.
Regionally, the market is 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.
The key players profiled in the 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.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging global windows and doors market trends and dynamics
- By product type, the windows segment dominated the windows and doors market share, in terms of revenue in 2020, and the doors segment is projected to grow at a CAGR of 74% during the forecast period
- By material, the metal material segment registered highest growth in the global windows and doors industry in 2020
- Based on end user, the residential segment is projected to register the highest growth rate in the coming years
- The report provides an extensive analysis of the trends and emerging opportunities of the market
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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