Ocean View, Delaware, Sept. 26, 2017 (GLOBE NEWSWIRE) --
Window and Door Frame Market is expected to exceed USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc. A key factor contributing towards the high adoption of window and door frame market is the increasing focus on eco-friendly, recyclable products such as uPVC. The material is lightweight, corrosion-resistant and highly durable as compared to its wooden and aluminum counterparts. In tropical countries, the usage of wooden materials can result in trapping heat inside the commercial and residential building, leading to higher energy consumptions of cooling technologies. Owing to this the government in various economies, such as China, has initiated stringent regulations to minimize the usage of wooden products.
The dilapidating and old building structure pose a health and safety risk to the occupants. The buildings can develop fault lines and structural damage over time that can cause large walls and ceilings to collapse. As a result, the existing structure requires renovations at regular intervals of time fueling demand for the window and door frame market.
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Rapid industrialization and global economic growth is fueling the construction of new buildings and facilitating the growth of the window and door frame market. Several government bodies are funding the development of smart residential and commercial structures. Commercial consumers operating in sectors such as retail outlets and healthcare facilities demand such products that have electronic components encased into the material. For instance, automatic doors in retail stores are fitted with sensor technology to monitor human movement. Furthermore, government facilities have automated locking technologies installed in the door and window frame to ensure that intruders do not have access into certain locations. Additionally, automatic doors are increasingly penetrating the residential market as they allow the geriatric and the mobility impaired population ease of access without compromising on security driving window and door frame market.
The presence of government regulations in various economies for the usage of ecofriendly materials is fueling the demand of the wood window and door frame market. There are several types of wood allowing the customer ample choices. Furthermore, it requires low maintenance and are more resistant to air and wind as compared to their steel counterparts. However, the demand for this material segment is anticipated to gradually decline as they can be affected by termites and moisture and offer much lower protection against break-ins and robberies as opposed to automated doors and windows.
Browse key industry insights spread across 315 pages with 386 market data tables & 16 figures & charts from this 2017 report Window And Door Frame Market in detail along with the table of contents at:
https://www.gminsights.com/industry-analysis/window-and-door-market
The residential window and door frame market is anticipated to exhibit approximately 5% growth in the forecast timespan. This is largely attributed to the development of smart cities and advanced infrastructures in countries such as Singapore and India. Features such as low maintenance and high durability of steel frames, have led to high adoption rates in residential sectors. Increasing rate of remodeling and replacement will also contribute to the growth in residential applications.
Rapid industrialization in Asia Pacific is a major factor contributing to high growth of the window and door frame market. There is a high requirement for durable structure that can withstand long-term usage and provide features such as noise absorption. Additionally, the industrial sector in the region is rapidly growing leading to the large-scale construction of offices and factories. For instance, Yamazaki Mazak in China have announced the development of smart factories spanning more than 500,000 Sq. Ft. This will provide opportunities to the players for the supply of high quality equipment.
Players operating in the global window and door frame market include Croft, LLC, Chelsea Building Products, Deceuninck NV, Pella Corporation, Drew Industries Incorporated, Fortune Brands Home & Security, Royal Group Technologies, Soft-Lite LLC, Corialis Group, Masco Corporation, etc. The industry is characterized by a large number of mergers and acquisitions undertaken by the existing players to sustain market growth. For instance, in July 2016, Pella Corporation acquired Reilly Windows & Doors. This acquisition will benefit Pella to enhance its luxury portfolio with integration of Reilly to serve builders and architects better.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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