CHICAGO, November 16, 2021 / PRNewswire / – Windows and doors play a vital role in the construction industry, which in turn creates huge demand in the global market. The objective of increasing the share of eco-responsible buildings in new buildings to 50% by 2020 by China is expected to increase the preference for environmentally friendly windows and doors in the country. The renovation trend will support market growth, particularly in China, Japan, and Australia. Arizton Consumer Goods Retail Technology research reports provide up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market insights. Observing these rapid and drastic changes in demand and supply patterns has encouraged industry analysts at Arizton to publish comprehensive and data-based information on these recent trends in the industry. To expand your business, click the link to explore other related reports at www.arizton.com
1. Window and Door Market in APAC – Industry Outlook and Forecast 2021-2026
APAC Window and Door Market Size to Reach $ 196 billion in 2026, with a CAGR of 5% in 2021-2026. Players in the APAC region are gaining lucrative opportunities in the window and door market. China is esteemed as the market leader in the region whereas countries such as India, Australia, Indonesia, and Thailand offer opportunities for expansion in new construction and renovation activities. This in turn is fueling market growth in the APAC region. TokyoReBITA is involved in the conversion of office buildings, apartments and corporate dormitories into affordable rental units and shared co-working spaces. This will significantly boost the demand for windows and doors in the replacement segment. Government initiatives to build new affordable housing for low- and middle-income families across the country are fueling new demand for doors and windows in the region. It is also estimated that more than 2,476 hotels are in the pipeline. in the APAC region in the coming years, which in turn will create a strong demand for doors and windows.
- In India some of the experts encourage international players to operate in their domestic market as they can apply new trends in Indian window industry.
- The renovation boom is expected in Japan, South Korea, and India thanks to favorable government policies and frameworks.
- The demand for low-glazing found in most eco-friendly windows is increasing rapidly in the APAC region.
- The renovation plan for 220,000 communities in China which houses 39 million households can potentially promote the window and door installation market in the country during the forecast period.
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2. Doors and windows market in North America – Industry Outlook and Forecast 2021-2026
The window and door market in North America should reach $ 67.01 billion by 2026, with a CAGR of 3.96%. Rapid growth in home improvement is driving the window and door market through North America. Companies such as JEL-WEN, Windsor, and others focus on maintaining and developing a wide variety of color options and replacement window designs as they are in higher demand. In 2020, Residential doors accounted for a 75% revenue share in the North American door market by end users. Glass doors and windows considerably reduce heat loss and increase the thermal efficiency of buildings which should gain traction in the North America Region. Security is becoming one of the major trends in commercial spaces, which involves maintaining security with the installation of high quality windows and doors. Thus, these factors are supporting the window and door market especially in commercial spaces.
- The growing development of aesthetic designs in the United States and Canada for the exterior door creates opportunities for manufacturers to develop exterior doors according to new trends.
- In the United States, people are ready to replace exterior doors rather than interior doors, which is expected to experience strong growth for the window and door market in North America.
- Construction companies have signaled a willingness to expand into new markets and are more dedicated to monitoring and strengthening their existing portfolio.
- The integration of energy efficient windows and doors in the design phase is the most significant opportunity to induce positive change, the benefits of which can last for decades.
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3. Doors and windows market in Europe – Industry Outlook and Forecast 2020-2025
Europe size of the window and door market to be achieved $ 85 billion by 2025, with a CAGR of over 3% during the forecast period. The Europe The window and door market is highly fragmented with the presence of more than 5,000 manufacturers in the main markets. Since windows represent an important and strategic area for energy conservation, there are opportunities for suppliers to incorporate integrated photovoltaic functionality into their offerings in the window and door market by. Europe. The residential segment is expected to reach a turnover of more than $ 55 billion by 2025 due to the growing awareness of thermal efficiency in new and renovation projects. JELD-WEN, Inwido, VKR Group, Internorm are the main suppliers in the window and door market in Europe. Sellers are likely to continue to grow through acquisitions as there are many small-scale sellers, who are active in cities and small areas across Europe.
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