Global Window and Door Market, New Study Indicates Upward Trend
Market research firm Graphical Research has revealed that the global window and door market is on a high growth path, driven by increasing demand from end users.
According to the study, the upward trend in the industry is due to several factors, including users looking for state-of-the-art doors and windows to increase overall aesthetic appeal; the growing need to create sustainable living spaces; the growth of renovation and remodeling activities in several regions of the world; and a steady increase in disposable income around the world, resulting in an increase in demand for high quality residential and commercial space.
Construction and infrastructure activities are increasing in developing economies and governments around the world are increasing their investments in this sector. The window and door industry is expected to experience significant demand from end users in the coming years, according to market reports.
Here are the important trends that highlight the potential of the industry:
European nations see the importance of a sustainable way of life
The European window and door market is expected to reach a valuation of over $ 49.37 billion by 2027. One of the first regions to realize the importance of a sustainable lifestyle, Europe follows several codes and rules that support energy efficiency. The growing demand for energy efficient homes and buildings will lead to an increase in the adoption of energy efficient windows and doors.
Increased investment in commercial construction in Europe
The growing demand for quality office space in recent years has seen a corresponding increase in commercial construction. This trend has the backing of governments who have increased their investments in the construction and infrastructure industry and are also promoting smart commercial spaces.
With sustainability goals guiding design and construction, energy efficient windows and doors play an important role in construction projects. Additionally, commercial buildings require doors and windows that can protect the building from burglary and fire.
Higher demand for PVC windows and doors
UPVC will experience constant growth in demand in the window and door market in Europe. In fact, the regional market share of uPVC segment will increase at a CAGR of 5% until 2027. As a raw material, uPVC is ideal for doors and windows due to its lightness and low characteristics. maintenance compared to conventional alternatives such as wood and aluminum. UPVC also provides better insulation against extreme cold and heat, and has minimal expansion and contraction, increasing overall durability.
China’s growing construction industry
China’s growing construction activity in sectors such as education, healthcare, construction and retail will significantly contribute to the growth of window and door market in the Asia-Pacific region.
Growing demand for windows and doors for residential spaces in APAC
The Asia-Pacific window and door market will be worth more than $ 92.1 billion by the end of 2027, according to market reports. The residential segment, in particular, will see increased demand among end users in the region, with governments expanding support through subsidies and increased disposable income encouraging households to consider renovations.
Aluminum doors and windows, green construction in North America
Aluminum is finding more and more applications as a raw material in the manufacture of doors and windows, thanks to its aesthetic appeal compared to other materials such as uPVC.
With green construction in the spotlight, there is increasing demand for timber framing – this form of framing will give architectural firms negative Global Warming Potential (GWP), helping developers gain financial benefits and tax breaks in the future.
Requirement of commercial windows and doors in North America
The North American window and door market is expected to reach $ 39 billion by the end of 2026. The commercial window and door segment, which holds a regional market share of nearly 30%, will continue to grow.
In addition to using glass doors and windows to enhance overall appeal and improve visibility, developers are also constructing buildings that are more energy efficient and resistant to excessive heat. This should have a positive impact on the industry in the region.
Picture: from Alspec ThermAFrame flush glass frame was used in the construction of the university sports park of La Trobe / Alspec