Enjoy complimentary customisation on priority with our Enterprise License!
The wooden doors and windows market size is forecast to increase by USD 76.6 billion at a CAGR of 13.03% between 2023 and 2028. The market is experiencing significant growth due to the increasing number of construction projects in the housing, hospitality, and commercial sectors. The construction industry's expansion is driven by investments from various industries, including the IT and service sectors. The trend toward renovating existing residential and commercial buildings is also contributing to market growth. However, the market is facing challenges due to the volatility in the prices of wood, which can impact the cost-effectiveness of using wooden doors and windows. In the US, this market is expected to continue its growth trajectory, as the demand for energy-efficient and aesthetically pleasing building components remains high.
The market is experiencing significant growth, driven by various factors. This industry caters to both residential and commercial sectors, focusing on providing functional and aesthetically pleasing solutions. Population growth and the subsequent demand for new housing units are key factors fueling the market's expansion. Moreover, the increasing trend towards renovation and retrofitting existing structures is creating a substantial opportunity for wooden door and window manufacturers. Architectural considerations play a significant role in the industry. Consumer tastes continue to evolve, with a growing preference for contemporary and modern designs. Architects and designers increasingly turn to wooden doors and windows to add character and charm to their projects. Energy efficiency is another crucial factor influencing the market. As energy regulations become more stringent, manufacturers are focusing on producing energy-efficient wooden doors and windows. These products not only comply with regulations but also help reduce homeowners' energy bills. Safety is another essential aspect of the market.
Further, manufacturers are investing in advanced technologies to improve the security features of their products. For instance, some doors and windows come with reinforced frames and locking mechanisms to deter intruders. The aging infrastructure of buildings also presents an opportunity for the market. Replacing old, inefficient doors and windows can significantly improve a building's energy efficiency and safety. Wooden doors and windows come in various styles, including swinging doors, sliding windows, folding windows, and revolving windows. Each style caters to different architectural needs and preferences. For instance, sliding windows are ideal for small spaces, while folding windows offer maximum ventilation. Manufacturers offer wooden doors and windows in different materials, including wood, metal, and plastic. Wooden doors and windows offer a classic look and feel, while metal and plastic options provide durability and low maintenance. Corinthian and Stegbar are renowned brands in the wooden doors and windows industry, known for their high-quality products and innovative designs.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The residential segment is estimated to witness significant growth during the forecast period. The residential sector held a substantial share in the market in 2023, and its growth is anticipated to continue at a steady pace during the forecast period. In the residential segment, the demand primarily comes from doors and windows used in single-family homes, apartment complexes, and renovation projects. Several factors fuel the growth of this sector. The increasing urbanization trend in various regions, including North America, Europe, and Asia Pacific, is driving the need for new residential construction projects. This, in turn, is boosting the demand for energy-efficient building materials, such as engineered wood, which are commonly used in the production of wooden doors and windows.
Additionally, tax incentives and credits for energy-efficient buildings are encouraging homeowners and builders to invest in these products. The use of wooden doors, including solid wood, panel, and flush doors, for both exterior and interior applications, continues to be popular due to their aesthetic appeal and durability.
Get a glance at the market share of various segments Request Free Sample
The residential segment accounted for USD 42.40 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The market in the Asia Pacific (APAC) region is witnessing notable expansion due to several factors. The construction industry in APAC is undergoing a significant wave, with a focus on both residential and commercial sectors. Urbanization and population growth are primary drivers of this trend, leading to an increased demand for new housing and infrastructure projects. Government initiatives are also contributing to the growth of the market in the region. For example, the Pradhan Mantri Awas Yojana (PMAY) program in India, launched in 2015, aims to provide affordable housing to the urban population by the end of 2024. Similar initiatives in China and other countries are also promoting housing development and renovation, creating a demand for high-quality wooden doors and windows.
Moreover, architectural preferences are evolving, with a shift towards contemporary and modern designs. Open floor plans, simple lines, and large glass panels are becoming increasingly popular. Sliding doors are also gaining popularity due to their aesthetic appeal and functionality. As consumer tastes continue to evolve, the market in APAC is poised for continued growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in construction activities is notably driving market growth. Wooden doors and windows continue to be popular choices for real estate projects and home renovations due to their aesthetically appealing design. These doors come in various types, including pocket doors, bifold doors, and bypass doors, each with unique sliding or swinging mechanisms. Open-door frames and closed-door frames accommodate different styles, while fanlight and sidelight door frames add architectural detail.
Moreover, solid wood doors, such as panel doors, offer high strength and workability, making them suitable for both residential and commercial applications. Alternatively, laminate and veneer doors provide cost-effective alternatives with similar visual appeal. For safety and sustainability, consider wooden fire-retardant doors, which are biodegradable and renewable, reducing the carbon footprint of building construction activities. Thus, such factors are driving the growth of the market during the forecast period.
Increasing trend of renovations of residential and commercial buildings is the key trend in the market. Wooden doors and windows continue to be a popular choice in real estate due to their aesthetically appealing design. They come in various types, including pocket doors, bifold doors, and open-door frames for larger spaces. Closed-door frames with fanlight and sidelight options add character and natural light to interiors.
Moreover, solid wood doors, such as panel doors and veneer doors, offer high strength and workability, while laminate doors provide an affordable alternative. In today's eco-conscious world, wooden fire-retardant doors are increasingly being used due to their biodegradable and renewable nature. These doors have a low carbon footprint and contribute positively to building construction activities, exterior designing, and home renovation projects. Thus, such trends will shape the growth of the market during the forecast period.
Volatility in prices of wood is the major challenge that affects the growth of the market. Wooden doors and windows continue to be a popular choice for real estate projects and home renovation due to their aesthetically appealing design. These doors come in various types, including solid wood, panel, laminate, and veneer, each offering unique benefits. For instance, solid wood doors provide high strength and workability, while laminate and veneer doors offer affordability and eco-friendliness.
Moreover, pocket doors and bifold doors are space-saving solutions ideal for small houses and modern interiors. Open-door frames and closed-door frames, along with fanlight and sidelight door frames, enhance the architectural appeal of buildings during construction activities and exterior designing. Energy efficiency is a crucial factor in today's building practices. Wooden doors, especially those with insulating cores, contribute to energy savings. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
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.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth due to various factors. With the increasing focus on energy efficiency and sustainability, regulations regarding energy efficiency are driving the demand for energy-efficient doors and windows. Renovation and retrofitting of existing buildings are also contributing to the market growth, as homeowners and architects seek to improve the thermal performance of their structures. Population growth and changing consumer tastes are also influencing the market. Contemporary and modern designs, such as those featuring large glass panels, sliding doors, and bi-fold doors, are becoming increasingly popular. These designs offer not only aesthetic appeal but also functionality, with open plans and simple lines that create a sense of spaciousness.
Further, the architectural scene is also evolving, with a shift towards minimalistic designs and sleek window systems. Frameless windows and slim windows are becoming popular choices for those seeking to reduce the carbon footprint of their buildings. Customization and personalization are also important factors, with consumers looking for doors and windows that meet their specific needs and preferences. Security and noise reduction are also key considerations, with many consumers seeking doors and windows that offer high levels of both. Swinging windows, sliding windows, folding windows, revolving windows, and pocket doors all offer different solutions to these concerns. The construction sector, including residential and non-residential properties, is a major market for wooden doors and windows.
Additionally, the housing, hospitality, commercial, and IT sectors are all investing in energy-efficient buildings, driving demand for energy-efficient doors and windows. Wooden doors continue to be a popular choice due to their natural beauty and workability. However, metal doors are also gaining popularity for their strength and durability. Solid wood doors, panel doors, flush doors, exterior doors, interior doors, and laminate doors are all types of wooden doors that are in demand. Eco-friendly materials, such as engineered wood and biodegradable and renewable materials, are becoming increasingly important in the market. Tax credits and incentives for energy-efficient buildings are also driving demand for energy-efficient doors and windows. The market for wooden doors and windows is expected to continue growing, with innovations in materials, design, and manufacturing techniques driving new product offerings and improving the overall value proposition for consumers.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
185 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 13.03% |
|
Market growth 2024-2028 |
USD 76.6 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
11.03 |
|
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 38% |
|
Key countries |
US, China, Germany, Japan, Canada, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ANDERSEN Corp., Century Plyboards India Ltd., China Lesso Group Holdings Ltd., COCIF, Dalian Golden House Door and Window Manufacture Co.Ltd., Exclusive Wood Doors, JELD WEN HOLDING Inc., K Parker Joinery, Kolbe and Kolbe Millwork Co. Inc., Marvin, Masonite Corp., Master Doors Inc., Neuffer Windows Doors GmbH, OKNO-POL, Pella Corp., Shanghai SunFlower Group Co. ltd., Shreeji Door, Simpson Door Co., Steves and Sons Inc., and Woodgrain Millwork Inc. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
