According to a new report published by Allied Market Research, titled, โAluminum Door And Window Market,” The aluminum door and window market size was valued at $55.8 billion in 2021, and is estimated to reach $82.1 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.
The aluminum door and window market includes product types which are, door and window. Among these, the door sub-segment accounted for the largest aluminum door and window market share in 2021, owing to the fact that a typical house has greater number of doors than the windows. Further, on the basis of mechanism, swinging segment noticed a higher demand, due to its easy maintenance. In addition, the market is analyzed among different applications of aluminum doors and windows in residential and non-residential buildings. The market is mainly driven by rise in construction activities due to rapid urbanization. However, the high initial cost of aluminum doors and windows constrains the growth of the market.
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In 2021, Asia-Pacific dominated the global aluminum door and window market share, in terms of revenue. Moreover, the market in Asia-Pacific has grown with high CAGR, owing to the growth in use of aluminum doors in the residential housing construction by private and public sectors.
Increase in awareness among public in general, regarding environment protection has fueled the demand for sustainable products. Aluminum doors and windows are considered to be sustainable, owing of easy and complete recyclability. It is estimated that around 75% of all the aluminum produced in in the history is still used today in some way or the other. Further, aluminum doors and windows are light in weight, easy to manufacture via a machine, and are resistant to corrosion. Such factors are anticipated to boost aluminum door and window market growth.
Furthermore, on the basis of end user, the non-residential segment is anticipated to grow rapidly, during the forecast period, owing to launch of many affordable housing schemes across many countries globally.
Key manufacturers in the market are adopting various strategies to sustain the competition in the market. For instance, in June 2021, Fenesta Building Systems, an aluminum door and window manufacturer expanded its business by opening new showroom in Kanpur, India. This exclusive showroom brings the best-in-class uPVC windows & doors, aluminum windows & doors, and internal & designer doors. Furthermore, manufacturers are also adopting collaboration as a strategy to enhance presence in the market. For instance, in July 2020, Andersen Corporation collaborated with Yale Home to launch an expanded line of the Yale Assure Lock for Andersenโs patio doors. This innovation is expected to assist in keyless convenience to Andersen patio doors and entranceways.
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However, during the COVID-19 pandemic lockdown, various manufacturers in the aluminum door and window market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted sales of aluminum doors and windows manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for aluminum doors and windows; and negatively influenced the growth of the market. However, after two years of the COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic significantly reduced and key players in the market are recovering rapidly.
Key companies profiled in the aluminum door and window market forecast report include, Alumil, Andersen Corporation, Apogee Enterprises Inc., Bradnam’s Windows & Doors, Contractors Wardrobe, Inc., Fenesta Building Systems, Fletcher Building Limited, Geeta Aluminum Co. Pvt. Ltd., Hume Doors & Timber Pty Ltd., JELD-WEN, Inc., Marvin windows and doors, Alupure, Pella Corporation, PGT Innovations, Ply Gem Holdings Inc., Rustica Hardware, and YKK AP Inc.
KEY FINDINGS OF THE STUDY
- The report provides an extensive analysis of the current and emerging aluminum door and window market trends and dynamics.
- By product type, the door sub-segment dominated the aluminum door and window market, in terms of revenue in 2021 and it is projected to grow at a significant CAGR during the forecast period.
- By end user, the residential segment registered highest revenue in 2021.
- LAMEA is projected to register highest growth rate in the coming years.
- The key players within the interior doors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the aluminum door and window industry.
- The report provides an extensive analysis of the current trends and emerging aluminum door and window market opportunity.
- In-depth aluminum door and window market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.
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