Market Research Future (MRFR) has published on the “Global Windows and Doors Market”.
The Windows and doors market is estimated to register a CAGR of 5.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global windows and doors market— Sanwa Holdings Corporation (Horton Automatics Inc,), YKK Corporation, JELD-WEN Holding, Inc., Marvin, MI Windows and Doors, LLC., DCM Shriram Ltd. (Fenesta Building System)s, Pella Corporation, LIXIL Corporation, Cornerstone Building Brands, Inc. (Atrium Corporation), Andersen Corporation and others
Windows Doors Market Highlights
The global windows and doors market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 348.4 Billion by 2032.
The windows and doors market is driven by factors such as urbanization, population growth, and the need for energy-efficient building solutions. The construction industry's expansion, both in residential and commercial sectors, fuels the demand for windows and doors. Additionally, the increasing focus on sustainable and eco-friendly construction practices, along with the renovation and remodeling activities, contribute to the market growth.
Segment Analysis
The global windows and doors market has been segmented based product, application, end user and material.
On the basis of product, the market is segmented into doors and windows. The doors segment dominated the market in 2022. The rising emphasis on security and safety is what is driving the demand for robust and secure doors. This is particularly true for industrial and commercial buildings, where the doors section is crucial to ensuring the safety of people and property.
Based on application, the global windows and doors market has been segmented into swinging, sliding, folding, revolving and others. The swinging category generated the most income in 2022. Swinging windows and doors offer flexibility in both the way they work and how they are designed. They are available in single-hung and double-hung designs, and they can be arranged as casement, awning, or French doors. This adaptability is valued by clients and architects, which increases demand for swinging applications.
Based on end user, the global windows and doors market has been segmented into residential and non-residential. The residential segment dominated the market in 2022. The residential sector, through new home construction and refurbishment projects, is what drives the need for windows and doors. As urbanization and global population growth accelerate, construction of new dwellings continues to be active.
Based on material, the global windows and doors market has been segmented into wood, metal and plastic. The metal segment dominated the market in 2022. Because of their tremendous strength and durability, metal materials are perfect for windows and doors that need to be strong and secure. Metal frames provide structural stability, long-lasting performance, and durability.
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Regional Analysis
The global windows and doors market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Windows and doors market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Windows and doors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Windows and doors market comprises of Middle East, Africa, and Latin America.
The North America windows and doors market dominated this market in 2022 (45.80%). High demand for renovation and retrofit projects, stringent building codes and energy efficiency legislation, technological advancements and innovation, rising demand for energy-efficient goods, high disposable income, and consumer preferences. These factors work together to support the region's dominance of the market.
Moreover, Europe market for windows and doors has the second-largest market share. Many existing buildings in Europe require renovation and retrofitting in order to improve their energy efficiency, aesthetics, and functioning. Replacement of windows and doors is a common component of renovation projects, which encourages market growth.
Additionally, from 2023 to 2032, the Asia-Pacific windows and doors market is anticipated to experience the quickest CAGR growth. Rising disposable earnings and a burgeoning middle class in the area are driving demand for higher-quality housing and living conditions. The need for high-quality windows and doors in house construction and remodeling projects rises as a result.
Furthermore, the rest of the world's windows and doors market is divided into the Middle East, Africa, and Latin America. The windows and doors market in Latin America is driven by factors such as urbanization, construction activities, and energy efficiency requirements. The region's expanding residential and commercial construction sector, along with the renovation and remodeling projects, fuels the demand for windows and doors. Additionally, the increasing awareness of sustainable construction practices and the need for energy-efficient solutions contribute to the market's growth in Latin America.
Key Findings of the Study
- The global windows and doors market is expected to reach USD 348.4 Billion by 2032, at a CAGR of 5.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. The region's growing middle class and rising disposable incomes fuel demand for higher quality housing and higher living standards.
- Based on product, the doors segment was attributed to holding the largest market in 2022.
- Sanwa Holdings Corporation (Horton Automatics Inc,), YKK Corporation, JELD-WEN Holding, Inc., Marvin, MI Windows and Doors, LLC., DCM Shriram Ltd. (Fenesta Building System)s, Pella Corporation, LIXIL Corporation, Cornerstone Building Brands, Inc. (Atrium Corporation), Andersen Corporation and others
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Companies Covered | 15 |
Pages | 128 |
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