The global fiberglass window market size was valued at $3,802.8 million in 2021, and is projected to reach $5,855.6 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.
A fiberglass window is composed of glass woven into plastic that makes it extremely strong. It is resistant to warping, scratches, and dents. It is durable at handling for strong weather elements such as rain, winds, and snow. In addition, fiberglass windows are very light in weight and have a very strong strength-to-weight ratio. This window material is stronger than vinyl, aluminum, and another wood composite that are widely used for the manufacturing of windows.
Rise in demand for fiberglass windows is driven primarily by surge in trend in residential buildings, increase in adoption of fiberglass windows in non-residential buildings; and the development of energy-efficient windows. In addition, increase in industrialization and urbanization in economies, including India and Africa, are expected to respond to the development of the fiberglass windows market. In addition, increased consumer spending on home renovations and improvement activities and improved new construction activities are expected to provide market participants with profitable growth opportunities.
The market is segmented on the basis of operating type, application, end user, and region. On the basis of operating type, the market is segmented into single & double hung, casement, picture, sliding, and others. On the basis of application, the market is divided into new construction and renovation & reconstruction. By end user, the market is divided into residential and non-residential. Region-wise, the global market analysis is conducted across North America Europe), Asia-Pacific, and LAMEA
A fiberglass window is composed of glass woven into plastic that makes it extremely strong. It is resistant to warping, scratches, and dents. It is durable at handling for strong weather elements such as rain, winds, and snow. In addition, fiberglass windows are very light in weight and have a very strong strength-to-weight ratio. This window material is stronger than vinyl, aluminum, and another wood composite that are widely used for the manufacturing of windows.
Rise in demand for fiberglass windows is driven primarily by surge in trend in residential buildings, increase in adoption of fiberglass windows in non-residential buildings; and the development of energy-efficient windows. In addition, increase in industrialization and urbanization in economies, including India and Africa, are expected to respond to the development of the fiberglass windows market. In addition, increased consumer spending on home renovations and improvement activities and improved new construction activities are expected to provide market participants with profitable growth opportunities.
The market is segmented on the basis of operating type, application, end user, and region. On the basis of operating type, the market is segmented into single & double hung, casement, picture, sliding, and others. On the basis of application, the market is divided into new construction and renovation & reconstruction. By end user, the market is divided into residential and non-residential. Region-wise, the global market analysis is conducted across North America Europe), Asia-Pacific, and LAMEA
COMPETITION ANALYSIS
The key players that operate in the fiberglass windows market are Agoura Sash and Door (ASD), Alpen, Andersen Corporation, Builders FirstSource, Cascadia Windows & Doors, EnerLux, Fibertec, Harvey Windows and Doors, Inline Fiberglass, JohnKnight Class, Kohltech, Lorendo, Marvin, Milgard, Pella Corporation, Quality Window&Door, and Westeck.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fiberglass window market analysis from 2021 to 2031 to identify the prevailing fiberglass window market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fiberglass window market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fiberglass window market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Operating type
- Single and Double-Hung
- Sales Channel
- Online
- Offline
- Casement
- Sales Channel
- Online
- Offline
- Picture
- Sales Channel
- Online
- Offline
- Sliding
- Sales Channel
- Online
- Offline
- Others
- Sales Channel
- Online
- Offline
By Application
- New Construction
- Renovation and Reconstruction
By End user
- Residential
- Non-residential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Ireland
- Poland
- Spain
- Rest Of Europe
- UK
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Agoura Sash and door
- Alpen
- Andersen
- Builders FirstSource
- Cascadia Windows & Doors
- EnerLux
- Fibertec
- Harvey Windows and Doors
- Inline Fiberglass
- JohnKnight Class
- Kohltech
- Lorendo
- Marvin
- Milgard
- Pella Corporation
- Quality Window & Door
- Westeck
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FIBERGLASS WINDOW MARKET, BY OPERATING TYPE
CHAPTER 5: FIBERGLASS WINDOW MARKET, BY APPLICATION
CHAPTER 6: FIBERGLASS WINDOW MARKET, BY END USER
CHAPTER 7: FIBERGLASS WINDOW MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Fiberglass window Market," the fiberglass window market size was valued at $3.8 billion in 2021, and is estimated to reach $5.9 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.A fiberglass window is highly energy efficient. It has an air cavity that is filled with a foam-filled core or a hollow core, both of which act as a very good insulating material. The frame expands and contracts the same as glass, resulting in a reduced leakage of air and an increased energy efficiency of the windows. Fiberglass windows are recyclable and have a low environmental impact. They are widely used in green buildings as they reduce the carbon footprint of the building. They help in reducing the air conditioning or heating costs that are involved in heating or cooling the building.
The demand for windows is largely driven by the increase in multifamily housing trends, rise in adoption of fiberglass windows in commercial sector, and development of energy-efficient windows. Fiberglass windows are commonly found in hotels and restaurants. These windows can rarely be scratched, peeled, or warped, and offer more cold weather advantages owing to their insulation properties is expected to boost the fiberglass window market growth. However, this material is widely utilized, as it is least affected by harsh environments as compared to other materials such as wood and vinyl. Moreover, escalation in industrialization and urbanization in economies, which include India and Africa, is expected to cater to the development of the windows market. Further, a surge in consumer expenditure on home renovation and enhancement activities and improvement in new construction activities are expected to provide remunerative growth opportunities for the market players.
Major players have adopted product launches, partnerships, and acquisitions as key strategies to sustain the competition and improve the product portfolio. For instance, in July 2021, Milgard Windows & Doors launched the new AX550 Moving Glass Walls in standard and custom sizes for both new home construction and replacement or remodeling projects. This launch is anticipated to bring enrichment to its product line.
Furthermore, Asia-Pacific accounted for the highest share of the global fiberglass window market share in terms of revenue in 2021, owing to increased investment in tourism by private as well as public sector, which has led to the increased construction activities, is expected to boost the fiberglass window market opportunity.
However, during the COVID-19 pandemic, various manufacturers in the fiberglass window market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of fiberglass windows companies. In addition, lack of manpower and raw materials constrained the supply of raw materials of fiberglass windows, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of fiberglass windows companies.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global fiberglass window market trends and dynamics.
- Depending on operating type, the casement segment has dominated the fiberglass windows market, in terms of revenue in 2021 and projected to grow at a significant CAGR during the forecast period.
- By end-user, the residential segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global fiberglass window market growth are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the fiberglass window industry.
- The fiberglass windows market forecast analysis from 2022 to 2031 is included in the report.
- In-depth global fiberglass window market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Agoura Sash and Door
- Alpen
- Andersen
- Builders Firstsource
- Cascadia Windows & Doors
- Enerlux
- Fibertec
- Harvey Windows and Doors
- Inline Fiberglass
- Johnknight Class
- Kohltech
- Lorendo
- Marvin
- Milgard
- Pella Corporation
- Quality Window & Door
- Westeck
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3802.8 million |
| Forecasted Market Value ( USD | $ 5855.6 million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
