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The Windows and Doors Market size is estimated to grow by USD 124.08 billion at a CAGR of 9.55% between 2022 and 2027. The growth of the market depends on several factors, the increased investments by governments in public infrastructure, the construction market gaining traction, and the rise in disposable income. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. Both residential and non-residential buildings are witnessing an upswing in new constructions and refurbishments, driven by strong economic growth and rising consumer assurance. Major industry participants are utilizing advancements in predictive maintenance and technology to fulfill the growing demand for high-quality designs, colors, and features in doors and windows.
Market Forecast 2023-2027
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The residential segment will account for a major share of the market's growth during the forecast period. The sales to residential customers are high in developed markets such as the US, the UK, Germany, Japan, and France, where the adoption of smart home or home automation products has been increasing exponentially. Consumers usually look for products that can enhance the aesthetic appeal of their home decor and are easy to use and install. Windows and doors offer a business opportunity for smart home integrators to provide their customers with a unique option for light/privacy control in their homes.
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The residential segment was valued at USD 92.22 billion in 2017 and continued to grow until 2021. As climate conditions around the world are changing at a rapid rate as a result of high carbon emissions, energy efficiency and conservation play an increasingly important role. To address the problem of emissions and energy consumption, governments around the world have launched Green Building Initiatives. The primary aim of IGBC Green Homes is to ease the effective use of water conservation, site resources, handling of household waste, energy efficiency, ideal material utilization, and design for healthy, comfortable, and environmentally friendly homes.
Based on material, the market has been segmented into wood, steel, plastic, and others. The wood segment will account for the largest share of this segment. Wood windows and doors are used in commercial establishments to reduce the need for maintenance to decrease operational expenses (OPEX). The cost-sensitive nature of commercial establishments encourages them to shift to composite wooden windows and doors. Moreover, the Increasing concerns regarding global warming have led to the adoption of eco-friendly wood. Several vendors are involved in the manufacturing of eco-friendly windows and doors. Though eco-friendly wood is associated with premium prices, the demand is increasing. These factors will drive the growth of the wood segment of the global market during the forecast period.
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North America is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Factors such as growing urbanization and the advent of affordable housing projects are further propelling the growth of the market in the region. Moreover, China represents the biggest market for construction in APAC. The country has the largest population globally and a very high economic growth rate that has solidified its position as a leading market. The growth of the middle-class population and the rise in income levels in the country are boosting the demand for luxury apartments and high-rise condominiums. This, in turn, has driven the growth of the market in APAC.
The global market is experiencing significant growth across both residential and non-residential sectors, driven by increasing investments in construction projects and advancements in technology. Key market players are focusing on leveraging raw materials and skilled labor to meet the demand for innovative doors and windows, offering predictive maintenance features and enhanced functionality.
In the residential segment, there's a growing emphasis on space and sound insulation systems to cater to evolving lifestyles and preferences. Meanwhile, in the non-residential segment, modern designs with irregular shapes, wide glazing areas, and artistic details are gaining traction, particularly in developed economies. Government spending on housing and public infrastructure, coupled with favorable FDI policies, is further fueling the demand for premium designs and customizable features. These structural shifts and technological innovations are driving the market toward new heights.
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The market is witnessing significant growth driven by various factors shaping the construction industry. Residential buildings and non-residential structures are experiencing a surge in new constructions and renovations, fueled by robust economic growth and increasing consumer confidence. Key market players are leveraging advancements in predictive maintenance and technological developments to meet the demand for premium designs, colors, and features in doors and windows.
In the residential segment, there's a growing preference for modern designs, irregular shapes, wide glazing areas, and artistic details. Meanwhile, in non-residential buildings like commercial premises, retail spaces are booming due to strong demand from both online and offline sales, leading to the emergence of new business models like omnichannel retailing. Additionally, the construction of distribution centers aimed at improving supply chain processes further boosts demand. With evolving lifestyles, changing preferences, and increased government spending on public infrastructure, the global market for windows and doors is poised for substantial growth during the forecast period.
A major trend that is expected during the forecast period is the demand in cleanroom environments. The cleanroom concept calls for the installation of these to ensure minimal microbial contamination and prevent external and cross-contamination. Some of the commercial end-users that require the use of cleanrooms include laboratories and hospitals. We expect that the adoption in these spaces will gain traction as the emphasis on the safety of people and products increases.
To ensure minimal entry of dust particles and to maintain microbiological levels within the specified limit, clean rooms are being designed with materials such as painted aluminum, stainless steel, and glass, which allow the integration of heating, ventilation, and air conditioning systems and entrances. Regarding this last aspect, choosing windows and doors for cleanrooms is a key factor in ensuring safety. The global market is expected to grow during the forecast period.
The growth of the global market significantly impacts the magnitude of deforestation. Deforestation is a key environmental concern and is the prime cause of global warming. There has been a decline in the total forest area of the world during the past decade. Expanding industries, the construction industry, the growing wooden furniture market, and increasing urbanization impact the rate and magnitude of deforestation significantly.
Moreover, the governments of several countries have introduced preventive actions against cutting trees to minimize the impacts of global warming. This restrains raw-material availability, such as wood and steel, for furniture manufacturers. This impacts manufacturing cycles and the number of end-products, that are launched in the market. Thus, deforestation and associated environmental concerns will negatively impact the growth of the global market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ANDERSEN Corp.: The company offers retractable screen LuminAire and storm doors Andersen.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing significant growth driven by various factors, such as residential and non-residential construction projects, technological developments, and increasing demand for premium designs. Key market players are leveraging predictive maintenance techniques and technological innovations to meet the evolving needs of the market. In the nonresidential segment, structural shifts towards eco-friendly and energy-efficient solutions are driving the adoption of space and sound insulation systems, smart doors, and smart glass. Developed economies are witnessing a surge in demand for modern designs, irregular shapes, and wide glazing areas in residential buildings. Manufacturers are focusing on producing doors and windows with artistic details, micro mirror glazing, solar panel windows, and impact-resistant features to cater to diverse architectural requirements. This dynamic market also encompasses retail and commercial settings, offering a wide range of products to meet the demands of homeowners and businesses alike.
The market is experiencing robust growth driven by various factors, such as the construction boom in both residential and non-residential buildings, increased investment in infrastructure projects, and growing demand for eco-friendly and energy-efficient solutions. Architectural trends favoring open-plan designs and the integration of multipanel patio doors are further fueling market expansion. Moreover, advancements in sensor technology have led to the development of innovative features such as impact-resistant windows, color-changing glass, and enhanced security measures to mitigate security breaches. Door and window manufacturers are focusing on incorporating these technological advancements while ensuring compliance with eco-friendly standards. Additionally, government initiatives and favorable FDI policies are stimulating market growth by attracting investments in the construction sector. With the rising demand for energy-efficient and aesthetically pleasing architectural features, the windows and doors market is poised for significant growth in the foreseeable future. The Global windows and doors market continues to be a focal point for investors, drawing attention from the Investment Information and Credit Rating Agency (ICRA). Particularly in the realm of Commercial buildings, there's a noticeable trend towards eco-friendly doors and windows. This shift is influenced by an increased awareness of environmental concerns and a desire for sustainable construction practices.
Sensors play a pivotal role in this market, aiding in the optimization of energy efficiency and security measures. They're utilized to monitor various environmental factors, such as the Angle of the sun and Cloud cover, allowing for intelligent adjustments in lighting and temperature control systems. Moreover, the rising popularity of Holiday homes is also contributing to the demand for high-quality doors and windows. Consumers seek not only aesthetic appeal but also functionality and durability in their vacation properties. Overall, the convergence of these factors underscores the dynamic nature of the windows and doors market. Investors are keen to capitalize on opportunities in this space, especially as the industry continues to innovate in response to changing consumer preferences and global environmental concerns.
Windows And Doors Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.55% |
Market growth 2023-2027 |
USD 124.08 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.55 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ANDERSEN Corp., B.G. S.r.l, Century Plyboards Ltd., Deceuninck Group, JELD WEN HOLDING Inc., LIXIL Corp., Marvin Lumber and Cedar Co., Masco Corp., Masonite Corp., MI Windows and Doors LLC, Neuffer Windows Doors GmbH, Pella Corp., Performance Doorset Solutions Ltd., PGT Custom Windows and Doors, Ply Gem Residential Solutions, Pratan Fenestration LLP, Rosati Windows, Vinylguard Window and Door Systems Ltd., Weru GmbH, and YKK Group Co. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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