Windows Market : Consumers’ Increasing Inclination Toward Smart Homes


Posted February 16, 2023 by shitalt

The Windows Market is projected to reach $52 billion by 2029, at a CAGR of 9% during the forecast period of 2022–2029.
 
The Windows Market is projected to reach $52 billion by 2029, at a CAGR of 9% during the forecast period of 2022–2029. Based on volume, the global windows market is projected to reach 307.8 million units by 2029, at a CAGR of 9.7% during the forecast period. The growth of this market is mainly driven by the rapid growth of the construction industry, consumers’ increasing inclination toward smart homes, and the growing demand for single-hung windows.

Rapid urbanization in emerging economies and the increasing demand for windows in the renovation industry are expected to create growth opportunities for the players operating in this market. However, fluctuating raw material prices are a challenge for market growth. Additionally, customers’ growing preference for larger windows is a major trend in the global windows market.

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Based on geography, the windows market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global windows market, followed by Europe and North America. The region is also expected to witness rapid growth during the forecast period. The large market share of Asia-Pacific is mainly attributed to the rising building construction activities in South Korea and Indonesia, the presence of prominent players, and increasing demand for a safe and secure living environment.

Key Players:

The key players operating in the windows market are JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).

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Scope of the report:

Windows Market by Material

Plastic
Wood-clad
Metal
Aluminium
Steel
Fiberglass
Double-glazed Panes
Single-glazed Panes
Triple-glazed Panes
Wood
Windows Market, by Frame Type

Single-glazed Panes
Double-hung Windows
Slider Windows
Casement Windows
Fixed Windows
Awning Windows
Glass Block Windows
Hopper Windows
The rapid growth of the construction industry is expected to drive market growth

Windows are an important part of construction projects and offer functional and aesthetic benefits. Windows are manufactured using materials such as uPVC, aluminum, timber, iron, and steel. Aluminum is the most popular choice for residential buildings as it has the flexibility of plastic and the strength & durability of metal. Windows are available in a wide variety of types and styles.

Top 10 Companies Operating in Windows Market: https://meticulousblog.org/top-10-companies-in-the-windows-market

The construction sector is a major contributor to the overall economic growth of any country. Governments worldwide are focused on implementing laws and technologies that will facilitate the development of world-class urban infrastructure, supporting the rapid growth of the construction industry. This growth of the construction industry is expected to boost the demand for windows, driving the growth of the global windows market.

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Issued By Shital Thakare
Country United States
Categories Blogging
Tags windows market
Last Updated February 16, 2023