Windows and Doors Market size is anticipated to surpass USD 494 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of windows and doors was over USD 265 Billion. The market growth can be attributed to rise in spending on home remodeling. As per a report, the size of the U.S. home improvement market grew by more than 12% in 2020, the biggest yearly growth in the previous ten years.
Furthermore, owing to the increasing demand the manufacturers are coming up with innovative ideas to design windows and doors which could lead a favorable environment for the growth of the market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 5% |
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Base Year Market Size (2023) |
~ USD 265 Billion |
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Forecast Year Market Size (2036) |
~ USD 494 Billion |
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Regional Scope |
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Material (Wood, Metal, Aluminium, UPVC)
The UPVC segment is expected to hold around 36% share of the windows and doors market during the forecast period. The installation of these systems facilitates a variety of demands for affordable prices, energy efficiency, etc., which is the cause of the rise. Due to its ability to be recycled and is environmentally benign, uPVC will continue to see high adoption rates. Additionally, they are resistant to pollution, water, and chemicals. The home is kept cooler in the summer and warmer in the winter thanks to the effective insulation provided by uPVC. These materials also offer a good degree of noise insulation from the street.
End-User (Residential, Commercial)
The residential segment is estimated to hold a share of 54% during the forecast period. North America is one of the major regions having substantial growth opportunities in the residential construction industry owing to increasing consumer demands and also a major contribution to the total residential construction from the US over the forecast period. For instance, the U.S. economy greatly benefits from the construction industry. In the first quarter of 2023, there were more than 919,000 construction businesses in the United States. Moreover, manufacturers are majorly focusing on new construction due to the high profitability achieved through new residential construction. Increasing demand for energy-efficient products, particularly in new residential constructions, will enhance the market growth.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Material |
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Application |
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End-User |
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North American Market Forecast
North America windows and doors market is anticipated to hold a share of 37% during the forecast period. The market can be accredited to the high demand for remodelling and retrofitting projects, strict building rules and energy efficiency laws, technological development and innovation, increased demand for energy-efficient products, high disposable income, and customer preferences. In 2021, Americans' personal disposable income was USD 15.13 trillion in total. Collectively, these factors will accelerate the market growth by the end of 2036.
APAC Market Statistics
Asia Pacific is anticipated to account for 26% share of the global windows and doors market during the forecast period. The market with the fastest growth rate is being led by China. The building of airports, dams, and hydroelectric projects, as well as an increase in other industrial construction projects, can be credited with the region's expansion. The massive populations of China and India, as well as the expansion of the building industry, are to blame for this region's expansion. Government investments in these developing economies' infrastructure also contribute to the expansion and advancement of windows and doors there.
Author Credits: Mohd Shadab, Yashika Karodiwal
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