PUBLISHER: Meticulous Research | PRODUCT CODE: 1172025
PUBLISHER: Meticulous Research | PRODUCT CODE: 1172025
The research report titled, 'Windows Market by Material (Wood, Wood-Clad, Metal, Plastic, Fiberglass), Frame Type (Slider, Casement, Awning, Hopper, Fixed, Single-Hung, Double-Hung, Glass Block), and Geography-Global Forecasts to 2029', provides in-depth analysis of the windows market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029.
The global windows market is expected to reach $52 billion by 2029, at a CAGR of 9% during the forecast period of 2022-2029. Based on volume, the global windows market is projected to reach 307.8 million units by 2029, at a CAGR of 9.7% during the forecast period.
The growth of this market is driven by the growing demand for single-hung windows and rapid growth of the construction industry, and consumers' increasing inclination toward smart homes. Rapid urbanization in emerging economies and the growing demand for windows in the renovation industry are expected to create growth opportunities for the players operating in the windows market. However, fluctuating raw material prices challenge the market's growth. Furthermore, customers' growing preference for larger windows is a major trend in the global windows market.
Based on material, the windows market is segmented into wood, wood-clad, metal, plastic, and fiberglass. In terms of value, in 2022, the plastic segment is expected to account for the largest share of the global windows market. However, the fiberglass segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing demand for highly energy-efficient windows and the growing adoption of green buildings to reduce carbon footprints.
Based on frame type, the windows market is segmented into slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. In 2022, the single-hung windows segment is expected to account for the largest share of the global windows market. The large market share of this segment is mainly attributed to the increasing demand for hung windows due to their lower costs and the rising number of private houses under construction. However, the awning windows segment is projected to register the highest CAGR during the forecast period.
Based on geography, the windows market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the windows market. This regional market is also expected to witness rapid growth during the forecast period. The market growth in Asia-Pacific is driven by factors such as rapidly developing economies in the region, the increasing building construction activities in South Korea and Indonesia, the rising number of residential and non-residential construction projects, the growing prominence of net-zero energy buildings, and the increasing demand for green construction projects.
The key players operating in the global windows market include JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).
Windows Market, by Material
Windows Market, by Frame Type
Windows Market, by Geography