Window and door market size is expected to exceed USD 250 billion by 2023 growing at a CAGR of over 6% from 2016 to 2023. The rise in the demand can be attributed to increasing construction work as the global economy rebounds. Furthermore, increasing residential improvement activities along with growing repair demands is estimated to drive growth.
Rising global population is likely to increase the demand for housing as well as public buildings. Increasing value of nonresidential construction along with renewed downstream demand is estimated to fuel the revenue growth. In addition, industry consolidation is likely to improve the overall profit margin over the forecast period. Uncertainties in the industry such as rising interest rates, labour availability as well as planning delays are estimated to hamper the industry growth. Proliferating usage of triple-pane insulated glazing windows and insulated core doors by builders during construction of buildings is anticipated to promote the industry growth over the forecast period.
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North America window and door market hold the largest share and expected to continue its dominance over the forecast period. The U.S. window and door market size was valued around USD 22.8 billion in 2014 and is expected to grow at a CAGR of over 7% from 2016 to 2023. It is anticipated to reach over USD 32 billion by 2023 owing to flourishing housing construction activities in the region. Large number of energy cost conscious home owners took benefit of tax credits offered by the government from 2009 to 2011 and thus replaced older doors and windows with more energy efficient ones.
The industry can be segmented on the basis of material, product and markets. Based on material it can be segmented into wood, metal and plastic. On the basis of product the industry can be segmented into flush doors, panel doors, casement windows, plastic prime windows, plastic specialty & storm windows and double-hung windows.
Plastic doors and windows are estimated to be the fastest growing segment whereas metal doors and windows are likely to remain the largest industry segment from 2016 to 2023. Wood and metal products might face fierce competition owing to advantages offered by plastic products such as low cost, durability, minimal maintenance requirements and superior insulation abilities. In addition, plastic windows are anticipated to gain its prominence in the developed economies such as Western Europe and the U.S. where energy efficiency is a major concern for various households. Flourishing nonresidential construction in the developing region such as China and India is expected to positively impact the industry demand for metal doors.
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Key industry participants in the window and door market share include Allegion plc, Alcoa Incorporated, Alpine Window, Alside, Amarr Garage Doors, Andersen Corporation, Ashworth Doors, ASSA ABLOY AB, Associated Materials LLC, Atrium Corporation, Axiall Corporation, Bison Building Materials, CECO Door Products, Champion Window, Champion Windows Manufacturing Incorporated, Clopay Building Products, CRH plc and Curries among others.
This latest Window and door Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Window and door industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Window and Door Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents.
Key Insights in this Report
- Window and door Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Window and door Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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