PUBLISHER: Allied Market Research | PRODUCT CODE: 1140294
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140294
The global vinyl windows market size was valued at $26,535.3 million in 2021, and is projected to reach $41,405.3 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.
Vinyl windows, which are essentially those composed of polyvinyl chloride (PVC), have a lifespan of 20 to 40 years due to the good insulation in the window frames. Due to the fact that they don't need painting or scraping, they are cost-effective. Moreover, comparing vinyl windows to wooden and metal ones, several performance advantages are available. When it comes to energy and thermal efficiency ratings, vinyl windows perform astonishingly well. They may easily lower the heating and cooling expenditures of a home or business while providing environmental advantages. Vinyl windows are resistant to termite or other insect infestation due to the polymer qualities of vinyl, which also make them resistant to decay, corrosion, blistering, flaking, and scorching.
In addition, the expansion of the construction sector due to increase in new construction and refurbishment of existing structures. The need for new building to meet residential, commercial, and commodities needs as well as commercialization and public finance in emerging countries is expected to drive the market growth. Due to its entirely recyclable nature, light weight, minimal maintenance requirements, and thermal insulation, vinyl is being used in new window and door profiles, which is projected to help sustain the demand for these systems.
Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive the market growth. For instance, in year 2020, European Commission has announced "Renovation Wave" initiative for public and private buildings, which has set an aim of substantially increasing the renovation rates across the EU and to provide a framework for renovation to support the green building. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors drive the vinyl windows market growth.
The market is segmented on the basis of type, application, end user, and region. On the basis of type, the market is divided into single and double-hung window, casement window, gliding window, picture window, other. On the basis of application, the market is divided into new construction and renovation & reconstructing. On the basis of end user, the market is divided into residential and non- residential. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that operate in the vinyl windows industry are A&B Glass Group, All Weather Windows, Alternative Windows, Anglian Home Improvement, Anderson Corporation, Chelsea Building Product Inc., Croft Llc, Crystal Windows Co., Harvey Building Products, International Windows Corporation, Intus Window, Pella Corporation, Paradigm Windows, Stanek Window and Softlite Windows & Doors.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Application
By End User
By Region