Pune, India, May 12, 2021 (GLOBE NEWSWIRE) --
The windows and doors market size is projected to observe a lucrative growth during the forecast period owing to the increasing demand among end-users to have state-of-the-art doors & windows to increase the overall aesthetic appeal. The growing need to create sustainable living spaces is another factor that will positively influence this industry in the future.
Below listed are the important trends that will highlight the windows and doors market potential:
European nations see importance of sustainable living:
Windows and doors market in Europe is set to reach valuation of more than $49.37 billion by 2027. Europe is one of the first regions to have realized the importance and benefits of sustainable living. This has led the European Union to lay down several codes and rules that support energy-efficiency. The demand for energy-saving homes and buildings is on the rise as well that will pave the way for modern architecture in doors and windows.
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Commercial construction investments rise in Europe:
The demand for commercial construction has been on a steady rise in the region in the past few years. This is because of the increase in demand for office spaces. The governments across the region have increased their investments in the construction and infrastructure industry as well to promote the development of smart commercial spaces.
These spaces, with the help of energy-efficient doors and windows, can turn into state-of-the-art infrastructure. Commercial buildings require doors and windows that are safe from dangers like burglary and fire. This creates growth opportunities for the manufacturers to produce durable doors and windows.
uPVC doors and windows to increase in deployment:
Based on raw material, uPVC will witness steady growth in demand in windows and doors market in Europe. In fact, regional market share from uPVC segment will grow at a CAGR of 5% through 2027. This raw material is ideal for doors and windows because it is quite lightweight and requires low maintenance as compared to its counterparts, wood, and aluminum. uPVC provides better insulation against extreme cold and heat and possesses minimal expansion and contraction which increases the durability of doors and windows.
Consistently growing construction industry in China:
China will significantly contribute towards the growth of windows and doors market in Asia Pacific region. One of the major reasons for this is the growing construction activities in the country across industries like education, healthcare, construction, and retail. The population in the country is on a tremendous rise leading to increased need for advanced infrastructure. China is witnessing rapid increase in urbanization and commercialization as well with increased percentage of the population demanding smart residential spaces.
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Windows and doors for residential spaces surge in APAC:
Asia Pacific windows and doors market size will be worth more than a whopping $92.1 billion by the end of 2027, according to market reports. Based on application, the industry is divided into residential and commercial spaces. Out of these, the residential segment will witness increased demand among end-users in Asia Pacific region.
The governments across Asia Pacific are providing grants to promote the construction of residential spaces. Renovations across households is on the rise because of the rise in the overall disposable income among the regional population. This trend is expected to grow in the future as well, benefiting the growth of market in the region.
Aluminum doors and windows, green construction in North America:
Raw materials like steel, aluminum, wood, and uPVC are being used to manufacture doors and windows. Out of these, aluminum will find increased application in North America. This metal has seen a substantial increase in demand between 2016 and 2019. The reason for this is that aluminum gives a better aesthetic appeal to doors and windows as compared to other materials like uPVC.
The demand for green construction is on the rise in the region and therefore the demand for wooden framing is increasing as well. This form of framing will give architecture firms a negative Global Warming Potential (GWP) which will help developers in earning financial benefits and tax relief in the future.
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Commercial doors and windows requirement in North America:
North America windows and doors market is reported to become worth $39 billion by the end of the year 2026. Commercial doors and windows segment will witness growth in the region. In fact, this segment held a regional market share of almost 30% and will continue to grow in the future as well.
This is because offices in the IT industry prefer using glass doors and windows to enhance the overall appeal and to improve visibility as well. Commercial building developers are striving to construct buildings that are more energy-efficient and resistant to excessive heat as well. This factor will have a positive impact on the industry in the region.
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