The global windows and doors market revenue to hit USD 215.9 billion by 2026, with at a CAGR 5.9 CAGR by 2026
The latest windows and doors industry trends are driven by an increase in the collaborative strategies by key industry participants. Citing an instance, in January 2021, Modular Group Investments completed the takeover of fenestration products manufacturer, Euramax Solutions Limited.
According to MGI Founder and CEO, Michael Garratt, the company is known for investing in a range of sub-sectors comprising supply chain operators and component manufacturing. The CEO has additionally highlighted that the involvement of MGI with Euramax will enable it to develop and expand its product portfolio for better serving its customer requirements.
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Such moves are set to escalate the industry outlook, driving business expansion through the coming years.
This growth is chiefly attributed to the extensive deployment of steel in security doors and windows on account of its strength and rigidity. Doors made from stainless steel can also be customized owing to their flexibility while manufacturing, propelling the overall market growth.
Few major trends likely to impel windows and doors industry growth comprise:
Surging demand for metal windows & doors
The wide utilization of aluminum on account of multiple properties such as durability, higher rigidity, and flexibility has been instrumental in escalating the demand for metal windows & doors, driving revenue growth over the forecasted span. The metal windows & doors segment had a valuation of USD 40.5 billion in 2019 and is expected to grow at a commendable CAGR of 5.3 per cent through the estimated span.
Several anti-corrosive properties of aluminum in addition to better appearance are set to make these doors ideal for the purpose of security, thereby augmenting windows and doors market size through the projected period.
Increasing government spending for residential & commercial purposes in Middle East & Africa
An upsurge in government spending for commercial & residential purposes in Saudi Arabia is poised to push windows and doors industry growth in the region. The Middle East & Africa market had a valuation of USD 9.1 billion in 2019 and is estimated to exhibit a commendable CAGR of 5.0 per cent through 2026.
Furthermore, the increasing opportunities of tourism owing to an escalation in the number of tourists visiting holy places will boost the overall hospitality sector, spurring the windows & doors industry demand through the analysis period.
Rising demand for glass windows and doors in households and commercial buildings
Soaring disposable income coupled with shifting preference towards the usage of WPC and glass in commercial buildings and households is slated to increase the windows and doors market share through the assessment period.
Glass is extensively utilized in sliding and folding windows & doors, given it a unique combination of durability and elegance, depending upon the application of the user.
In a nutshell, the rapidly evolving construction industry in the Asia Pacific coupled with the surging demand for repair & improvement in Europe and North America is slated to propel global windows and doors market outlook in the near future.
Chapter 1 Methodology And Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
188.8.131.52 COVID-19 impact calculations on industry forecast
1.1.3 Industry insights & validation
1.1.4 Definitions & forecast parameters
1.2 Data sources
Chapter 2 Executive Summary
2.1 Windows & doors industry 360° synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Material trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Windows & Doors Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2016 – 2026
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Profit margin
3.3.2 Value addition
3.3.3 Distribution channel analysis
184.108.40.206 Value chain disruption analysis
3.3.4 Vendor matrix
220.127.116.11 List of key manufacturers/distributors
18.104.22.168 List of key end-users
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Technology landscape
3.4.3 Future trends
3.5 Industry impact forces
3.5.1 Growth drivers
22.214.171.124 Increasing spending on housing/commercial infrastructure
126.96.36.199 Proliferating demand for uPVC profiles
188.8.131.52 Rising replacement of aging infrastructure
184.108.40.206 Growing building and construction activities in Asia Pacific
220.127.116.11 Rising demand of single-family homes in North America
3.5.2 Industry pitfalls & challenges
18.104.22.168 Environmental impact of waste generated through replacements
22.214.171.124 Excessive costs associated with eco-friendly products
3.6 Regulatory landscape
3.7 Growth potential analysis, 2019
3.8 Regional price trends
3.8.1 Cost structure analysis
126.96.36.199 R&D cost
188.8.131.52 Manufacturing & equipment cost
184.108.40.206 Raw material cost
220.127.116.11 Distribution cost
18.104.22.168 Operating cost
22.214.171.124 Miscellaneous cost
3.8.2 Price by material
3.8.3 Price by application
3.9 Competitive landscape, 2019
3.9.1 Top player overview
3.9.2 Brand analysis
3.9.3 Key stakeholders
3.9.4 Strategic dashboard
3.10 Porter’s analysis
3.10.1 Supplier industry
3.10.2 Buyer industry
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
3.12 COVID-19 impact on windows & doors by application
Table of contents for this research [email protected] https://www.gminsights.com/toc/detail/windows-and-doors-market-size
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