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Window and door market size is expected to exceed USD 250 billion by 2023

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Window and door market size is expected to exceed USD 250 billion by 2023 growing at a CAGR of over 6% from 2016 to 2023. Asia Pacific window and door market is anticipated to be the fastest growing region, likely to grow at a CAGR of over 7% by 2023. – PowerPoint PPT presentation

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Title: Window and door market size is expected to exceed USD 250 billion by 2023


1
Window and Door Market Size, Share, Industry
Outlook Forecast 2016-2023
Window and door market size is expected to exceed
USD 250 billion by 2023
2
Global Market Scenario of Window and Door Industry
  • Window and door market size is expected to
    exceed USD 250 billion by 2023 growing at a CAGR
    of over 6 from 2016 to 2023. The rise in the
    demand can be attributed to increasing
    construction work as the global economy rebounds.
    Furthermore, increasing residential improvement
    activities along with growing repair demands is
    estimated to drive growth.
  • Rising global population is likely to increase
    the demand for housing as well as public
    buildings. Increasing value of non residential
    construction along with renewed downstream demand
    is estimated to fuel the revenue growth. In
    addition, industry consolidation is likely to
    improve the overall profit margin over the
    forecast period.
  • Uncertainties in the industry such as rising
    interest rates, labour availability as well as
    planning delays are estimated to hamper the
    industry growth. Proliferating usage of
    triple-pane insulated glazing windows and
    insulated core doors by builders during
    construction of buildings is anticipated to
    promote the industry growth over the forecast
    period.

3
Continue
  • North America window and door market hold the
    largest share and expected to continue its
    dominance over the forecast period. The U.S.
    window and door market size was valued around USD
    22.8 billion in 2014 and is expected to grow at a
    CAGR of over 7 from 2016 to 2023.
  • It is anticipated to reach over USD 32 billion by
    2023 owing to flourishing housing construction
    activities in the region. Large number of energy
    cost conscious home owners took benefit of tax
    credits offered by the government from 2009 to
    2011 and thus replaced older doors and windows
    with more energy efficient ones.

Inquire For Buying Industry Report_at_
https//www.gminsights.com/inquiry-before-buying/2
44
4
Research Methodology
For Customization as per your requirement please
click_at_ https//www.gminsights.com/roc/244
5
Products Insights
  • Plastic doors and windows are estimated to be the
    fastest growing segment whereas metal doors and
    windows are likely to remain the largest industry
    segment from 2016 to 2023. Wood and metal
    products might face fierce competition owing to
    advantages offered by plastic products such as
    low cost, durability, minimal maintenance
    requirements and superior insulation abilities.
  • In addition, plastic windows are anticipated to
    gain its prominence in the developed economies
    such as Western Europe and the U.S. where energy
    efficiency is a major concern for various
    households. Flourishing non residential
    construction in the developing region such as
    China and India is expected to positively impact
    the industry demand for metal doors.

Request Detailed Table of contents of Industry
report_at_ https//www.gminsights.com/request-toc/upc
oming/244
6
Competitive Insights
  • Key industry participants in the window and door
    market share include Allegion plc, Alcoa
    Incorporated, Alpine Window, Alside, Amarr Garage
    Doors, Andersen Corporation, Ashworth Doors, ASSA
    ABLOY AB, Associated Materials LLC, Atrium
    Corporation, Axiall Corporation, Bison Building
    Materials, CECO Door Products, Champion Window,
    Champion Windows Manufacturing Incorporated,
    Clopay Building Products, CRH plc and Curries
    among others.

Browse this full report_at_ https//www.gminsights.co
m/industry-analysis/window-and-door-market
7
Regional Analysis
  • Asia Pacific window and door market is
    anticipated to be the fastest growing region and
    is likely to grow at a CAGR of over 7 from 2016
    to 2023. The spur in the region can be subjected
    to rising income level among the developing
    nations such as China and India. As of 2014,
    China was the largest market for fenestration
    products and accounted for around 36 and is
    likely to reach 39 by 2023. The growth in the
    region is due to rapid industrialization and
    constant economic growth.
  • Africa and Middle East are anticipated to witness
    considerable growth for windows and doors due to
    increasing advanced building practices and
    growing usage of modern fenestration products.
  • Japan and Western Europe are forecast to witness
    satisfactory growth prospects from 2016 to 2023.
  • UK window and door market size is estimated to
    experience significant growth at CAGR 13.3 from
    2016 to 2023 due to increasing construction of
    houses and buildings to accommodate the rising
    population across the country.


Inquire For Buying Industry Report_at_
https//www.gminsights.com/inquiry-before-buying/2
44
8

Latest Research Report On Window and Door Market_at_
https//www.gminsights.com/industry-analysis/wind
ow-and-door-market Request detailed table of
contents of report_at_ https//www.gminsights.com/re
quest-toc/upcoming/244 For Customization in
this report click_at_ https//www.gminsights.com/roc/
244
9
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