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Window Frames Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Metal, Fiberglass, Wood, Wood-clad), Type (Single-Hung Window frames, Double-Hung Window frames, Fixed Window frames, Others), End User (Residential, Commercial, Others)- Geography - Global Forecast to 2031
Report ID: MRCHM - 1041200 Pages: 200 May-2024 Formats*: PDF Category: Chemicals and Materials Delivery: 24 to 72 Hours Download Free Sample ReportThe Window Frames Market is expected to reach $61.4 billion by 2031, at a CAGR of 8.6% from 2024 to 2031, while in terms of volume, the market is expected to reach 345.7 million units by 2031, at a CAGR of 8.9% from 2024 to 2031. The growth in this market is driven by factors such as the rapid growth of the construction industry and rising urbanization in emerging economies. In addition, increasing demand for windows in the renovation industry and rising demand for vinyl windows are expected to provide opportunities for market growth. The high cost of eco-friendly window frame materials and fluctuation in raw material prices pose challenges to market growth.
As the global population burgeons and societal preferences lean towards smarter, more sustainable infrastructure and buildings, the construction industry stands at the brink of transformative change. Particularly in developing nations, there is an exponential surge in construction driven by the escalating need for affordable housing. Notably, the landscape is dotted with numerous smart city projects, indicating a shift towards technologically advanced urban development initiatives.
Projections from industry analysts suggest that the modular construction sector is poised to hit a value of USD 110 million by the close of 2025, primarily propelled by residential construction activities. Acknowledged as a significant economic contributor, the construction sector garners attention from governments worldwide, prompting the enactment of regulations and the adoption of technologies to foster the creation of top-tier urban infrastructure.
Within this context, windows emerge as pivotal components of construction endeavors, offering both functional utility and aesthetic appeal. Consequently, the burgeoning construction industry is anticipated to fuel demand for windows, thereby propelling growth in the global window frames market.
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Around 56% of the world’s population – 4.4 billion inhabitants – live in cities. This trend is expected to continue, with the urban population more than doubling its current size by 2050, at which point nearly 7 of 10 people will live in cities. Developing countries are undergoing rapid urbanization. According to the World Bank (U.S.), the population of Indian towns and cities is expected to increase from 282 million to 590 million in the next 20 years.
The rising population in developing countries has also boosted the need for accommodation and housing. These factors have boosted the growth of the construction industry, driving the demand for various construction materials, equipment, and components, including windows.
The growing need to renovate existing and aging infrastructure is expected to drive the demand for windows for replacement applications. The remodeling of offices, buildings, apartments, hotels, hospitals, schools, and other commercial and institutional facilities has increased renovation operations, driving the demand for windows.
Remodeling activities have significantly increased since 2017, with a growing focus on sustainability, aesthetics, and energy efficiency. With their improved aesthetics, performance, style, functionality, materials, warranty, and durability, windows add significant value to renovation projects. Additionally, environmental & security considerations such as vandal resistance, blast-hazard mitigation, and hurricane-impact protection also contribute to the growth in renovation projects, driving the demand for windows.
The average expenditure on window replacement projects has increased substantially over the last two decades. All these factors have encouraged key market players to innovate their products to offer better safety and control over solar heat gain while allowing for optimal natural illumination. Thus, the demand for windows in the renovation industry is rising, creating growth opportunities for the players operating in this market.
Vinyl windows are windows framed with a synthetic plastic material called polyvinyl chloride, or PVC. They are known for their affordability, durability, and wide range of styles. Vinyl is a synthetic plastic material, making it resistant to rotting and decaying from water and humidity. Vinyl windows adoption has witnessed steady growth driven by increasing construction activities, renovation projects, and the rising demand for energy-efficient building materials.
Another significant driver for the demand for vinyl windows is the growing emphasis on sustainable and eco-friendly construction practices. As environmental concerns continue to gain priority, consumers are increasingly prioritizing products that reduce energy consumption and minimize carbon footprints.
Based on material, the window frames market is broadly segmented into plastic, metal, fiberglass, wood, and wood-clad. In 2024, the plastic segment is expected to account for the largest share of 52.0% of the global window frames market. The large share of the segment is due to the low maintenance requirement of plastic material compared to the other materials, higher degree of durability and security, and great insulation from weather and pollution.
However, the fiberglass segment is expected to grow at the highest CAGR during the forecast period. The growth in this segment is driven by the growing adoption of green buildings; high resistance of fiberglass to warping, twisting, rotting, cracking, or shrinking; and high durability, energy efficiency, high temperature, humidity resistance, & design versatility.
Based on type, the window frames market is segmented into single-hung window frames, double-hung window frames, slider window frames, casement window frames, fixed window frames, awning window frames, glass block window frames, and hopper window frames. In 2024, the single-hung window frames segment is expected to account for the largest share of 35.0% of the global window frames market. The large share of the segment is attributed to their ability to provide controlled ventilation and airflow, energy efficiency, durability, and affordability.
However, the awning window frames segment is expected to grow at the highest CAGR during the forecast period. Awning windows provide great ventilation, diverse design possibilities, and functionality.
Based on end user, the window frames market is segmented into residential, commercial, and industrial. In 2024, the residential segment is expected to account for the largest share of 65.0% of the global window frames market. The large share of the segment is attributed to the rising demand for windows for residential buildings to enhance aesthetics, increase privacy, keep the house cross-ventilated, and increase investment in residential properties.
However, the commercial segment is expected to grow at the highest CAGR during the forecast period. The growth in this segment is driven by increasing investment in commercial building construction, increasing installation of windows in commercial places for optimal ventilation, improve the energy efficiency, security, and soundproofing of a commercial building to create a comfortable, secure, and visually appealing environment for occupants.
In 2024, Asia-Pacific is expected to account for the largest share of 68.0% of the window frames market. The large share of the region is attributed to the rising population, increasing demand for new infrastructure, housing, & commercial set-ups, rising urbanization, increasing investment in construction & renovation activities, and rising adoption of energy-efficient uPVC windows due to the growing prominence of net-zero energy buildings. Moreover, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the window frames market are Pella Corporation (U.S.), Andersen Corporation (U.S.), Milgard Manufacturing, LLC. (U.S.), Atrium Corporation (U.S.), MI Windows and Doors, LLC. (U.S.), JELD-WEN Holdings, Inc. (U.S.), Anglian Home Improvements (U.K.), Chelsea Building Products (U.S.), Crystal Window & Door Systems (U.S.), Deceuninck (Belgium), Eurocell (U.K.), Schuco International KG (Germany), LIXIL Corporation (Japan), Masco Corporation (U.S.), and BG Legno Srl (Italy).
Particulars |
Details |
Number of Pages |
200 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR |
8.6% |
Market Size (Value) |
USD 61.4 Billion by 2031 |
Market Volume |
345.7 Million Units by 2031 |
Segments Covered |
By Material
By Type
By End User
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (UAE, Israel, Rest of Middle East & Africa) |
Key Companies |
Pella Corporation (U.S.), Andersen Corporation (U.S.), Milgard Manufacturing, LLC. (U.S.), Atrium Corporation (U.S.), MI Windows and Doors, LLC. (U.S.), JELD-WEN Holdings, Inc. (U.S.), Anglian Home Improvements (U.K.), Chelsea Building Products (U.S.), Crystal Window & Door Systems (U.S.), Deceuninck (Belgium), Eurocell (U.K.), Schuco International KG (Germany), LIXIL Corporation (Japan), Masco Corporation (U.S.), and BG Legno Srl (Italy). |
The window frames market study focuses on market assessment and opportunity analysis through the sales of window frames across different regions and countries across different market segmentations. This study is also focused on competitive analysis for window frames based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The global window frames market is projected to reach $61.4 billion by 2031, at a CAGR of 8.6% during the forecast period.
Based on material, the plastic segment is expected to account for the largest share of the global window frames market.
Based on type, the single-hung window frames segment is expected to account for the largest share of the global window frames market.
Based on end user, the residential segment is expected to account for the largest share of the global window frames market.
The growth in this market is driven by factors such as the rapid growth of the construction industry and rising urbanization in emerging economies. In addition, increasing demand for windows in the renovation industry and rising demand for vinyl windows are expected to provide opportunities for market growth.
The key players operating in the window frames market are Pella Corporation (U.S.), Andersen Corporation (U.S.), Milgard Manufacturing, LLC. (U.S.), Atrium Corporation (U.S.), MI Windows and Doors, LLC. (U.S.), JELD-WEN Holdings, Inc. (U.S.), Anglian Home Improvements (U.K.), Chelsea Building Products (U.S.), Crystal Window & Door Systems (U.S.), Deceuninck (Belgium), Eurocell (U.K.), Schuco International KG (Germany), LIXIL Corporation (Japan), Masco Corporation (U.S.), and BG Legno Srl (Italy).
Asia-Pacific is projected to register the highest growth rate over the coming years.
Published Date: Nov-2024
Published Date: Nov-2024
Published Date: Nov-2024
Published Date: Nov-2024
Published Date: Oct-2024
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