Windows And Doors Market is recently issued by Allied Market Research that offers current, historic, and evolutionary trends in the windows and doors industry. The report analyzes the market, which has been categorized into five main regions. The study also examines the pre and post COVID impactions the windows and doors market at regional and global . It has a dedicated section on key manufacturers operating in the market. This section features the business overview, segment and brand overview, financial performance, and developments undertaken by the companies to stay forefront in the competition. Moreover, market share of the top ten players is also covered in the study so that firms/enterprises looking to enter in the market
global windows and doors market size was $217.9billion in 2020 and is expected to reach $356,483.6million by 2030, registering a CAGR of 4.9% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market accounting for 49.6% share of the market.
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The global windows and doors market is segmented on the basis of product, material, end user, and region. Based on product, the market is segmented into windows and doors. The windows segment dominated the market in 2020. Based on material, the market is divided into wood, metal, and plastic. The metal segment dominated the market in 2020. Based on mechanism, the market is divided into swinging, sliding, folding, revolving, and others. The sliding segment dominated the market in 2020. Based on end user, the market is divided into residential and non-residential. The residential segment dominated the market in 2020.
On the basis of material type, the windows & doors market is segmented into wood, metal, and plastic. Metal segment dominated the doors segment owing to its thermal insulation properties, high strength, strong aesthetics, and high utility of this material in the interior doors segment. The residential segment is anticipated to witness increased usage in light commercial & institutional applications, and is anticipated to show the highest growth rate.
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However, high price packages for eco-friendly products are projected to hinder the market growth. Conversely, increase in construction of buildings is predicted to offer lucrative opportunities for the global market development.
Several manufacturers in the global market stopped their business activities due to lockdown implemented in developed and developing countries in 2020, owing to ban on construction activities. This halt in production activities impacted the revenue of the windows and doors manufacturing companies. For instance, net sales of JELD-WEN dropped by 1.3% from January 2020 to December 2020. In addition, lack of man power and raw materials affected the supply chain of the global windows and doors market. However, the market is projected to recover in the coming months due to reduced restrictions and reopening of the global windows and doors industry. Moreover, with the availability of vaccine against COVID-19, the global market is expected to gradually witness growth.
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Increase in residential & non-residential construction and surge in home remodeling & renovation expenditures drive the windows and doors market growth. In addition, surge in construction spending in countries such as India, Germany, Japan, and the U.S. boosts the growth of the market. For instance, according to U.S. Census Bureau, the spending on construction has increased by nearly 9.3% from November 2020 to November 2021.
Market players-
Anderson Corporation, Atrium Corporation, Horton Automatics, JELD-WEN Inc, Lixil Group Corporation, Marvin Windows and Doors, Inc., MI Windows and Doors, Masco Corporation, Pella Corporation, YKK Corporation.
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