Global Windows and Doors Market - 2020-2027
本報告提供全球窗戶 & 門市場相關調查，市場概要，各市場區隔及各地區的市場規模的預測，主要企業的簡介，競爭情形分析等系統性資訊。
The windows and doors are the large sludge dewatering bags or geo-containers made up of the high strength, permeable geotextiles. The Windows and Doors are widely used for coastal and marine projects. These are installed by filling these tubes with sand or suitable dredged material. These tubes provide the quick dewatering of the material. The windows and doors can be laid in the reservoir for controlling the current and reducing the future siltation or restore eroded banks. The global windows and doors market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The window and doors market is driven by the several factors such as the increasing renovation and remodeling activities for commercial and residential buildings. There is growing consumers' expenditures for improvement activities for commercial and residential buildings. The increasing government initiatives for providing the affordable housing to people shall stimulate the market growth. The government had initiated several initiatives such as housing provident fund, Pradhan Mantri Awaas Yojana, and Empower shack for providing the affordable housing in India, China, and South Africa.
There is increase in the launch of the windows and doors. For instance, in December 2019, Aparna-Craft, a joint venture between Aparna Enterprises, and Craft Holdings had launched the aluminium window and door systems under the brand name Alteza. The company would cater to South East Asian and Central Asian markets. Within South East Asia, the company would target Australia, Philippines and Hong Kong. Alteza would provide a range of solutions ranging from simple applications such as aluminium casement & sliding windows and doors to customized applications such as Slide and Fold, Tilt & Turn, Lift & Slide systems. Alteza systems would also provide the bespoke solutions to fulfil various other system requirements, including structural strength, increased safety & security, uninterrupted wider view, among many other benefits.
In December 2018, Senior Architectural System had launched a new aluminium window to complement their existing range further. The new Aluminium Series 2 casement window would provide the new and enhanced aesthetics, improved thermal performance, is adaptable and flexible. The Senior Aluminium Series 2 window is the window with an opening vent providing an overall edge of the outer frame to the glass line dimension of only 54mm. It is a viable option alongside the many Crittall replacement windows in aluminium.
The market is witnessing the technological advancement for the development of the windows and doors. The introduction of the smart windows and doors have increased the home safety, comfort level, accessibility. The smart windows and doors provide the real-time monitoring. The smart windows and doors can be operated via smartphones and tablets. For instance, in May 2020, Korea Institute of Energy Research (KIER) had developed a smart window technology that does not need power, and work by inserting a light absorbing layer that can generate electromotive force into an electrochromic device. The light-sensitive automatic color conversion smart window technology combines solar cell technology and electrochromic technology. It can simultaneously solve the need for a separate power supply and high production costs which are disadvantages of existing electrochromic technology. It can control the intensity of sunlight and dramatically reduce the energy used for lighting by 30% to 40% or more as a future smart window technology. In February 2014, Inwido had launched the IQ concept i.e., smart windows, doors and sliding doors.
The global windows and doors market is segmented based on material type as the metal, wood, plastic, and others. The metal segment accounts for the significant market share of XX% in 2019 owing to the increasing usage of the metal doors and windows in the residential and commercial buildings. Metal doors and windows have the good strength and durability. A minimal amount of framing material needed for structural integrity. Metal doors and windows span all sorts of architectural styles. These doors and windows are resistant to decay, weather, and fire. These doors and windows require the minimal upkeep in comparison to the windows and doors made-up of other materials. Metal doors and windows contracts less in cold weather. Metal doors and windows have a more consistent barrier against the weather.
The wood segment is expected to witness the positive market growth. Wood is more economical in comparison to the other materials. Wood is widely used in the construction of windows and doors frames and complete doors and windows. Wood doors and windows have good thermal and sound insulation. Wood doors and windows don't require the additional protective coating.
Further, the market is also classified based on the end-users as the residential, commercial and others. The residential segment accounts for the highest market share of XX% in 2019 due to the growing residential constructions activities with the growing urbanization. Windows and doors are used in various residential buildings. There is rising consumer spending on home improvement and renovation. There is increase in the sales of the houses across the globe. According to the U.S. Census Bureau and the Department of Housing and Urban Development, in December 2019, approximately, 694,000 number of the single homes were sold in the United States. This number has witnessed the growth of 23% from the previous year i.e., 2018. The growing housing trends and living standards shall boost the demand for the windows and doors. The rising attractions towards the environment has resulted in the usage of the folding doors, sliding glass walls, bi fold doors and other advanced doors and windows.
By region, the global windows and doors market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global windows and doors market due to the increasing construction activities for buildings. According to the America of Associated General Contractors (AGC), construction is leading contributor to the United States economy which creates approximately USD 1.3 trillion worth of structures each year. The growing infrastructural investment in the residential buildings, and commercial buildings. The increasing development of the hotels, schools, hospitals and other commercial buildings shall stimulate the market. There is growing adoption of the smart doors and windows. The smart doors and windows can be easily operated through the smartphones and tablets. The smart doors and windows provide the home safety, comfort level, accessibility, and offering real-time monitoring.
Asia Pacific is expected to the witness the highest growth at a highest CAGR over the forecasted period due to the growing construction projects such as commercial construction, residential construction, industrial construction, infrastructure, energy and utility construction. There is increasing shift towards the adoption of green buildings in developing such as Japan, China, and India are further stimulating the market growth. There is growing customer's preferences towards the outdoor living had increased the usage of the lift & slide doors, and large windows. There is growing adoption of the commercial doors such as the classic revival, and mid-century modern in the commercial spaces. There is increasing usage of the energy efficient windows and doors that are useful for preventing the cooled or hot air to leave from home. The efficient windows and doors provide the insulation to homes and reduces overall energy consumption. The high domestic income and purchasing power shall boost the demand for the windows and doors over the forecasted period. There is increasing government initiatives for the construction of the infrastructure.
The global windows and doors market are highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Andersen Corporation, Masco Corporation, Marvin Windows & Doors, Pella Corporation, Atrium Corporation, Jeld-Wen Holding Inc., YKK Corporation, Lixil Group Corporation, and MI Windows and Doors LLC are the leading market players with significant market share.
The major players are using product development, novel product launch, collaborations, acquisitions, mergers, market expansion, capacity utilization, and product diversification strategies for holding their position in the market. For instance, in October 2019, MI Windows and Doors, a leading US manufacturer of windows and doors had entered into an agreement to purchase the Milgard Windows and Doors division of Masco Corporation. This acquisition would help the company to purchase the Milgard Windows and Doors division of Masco Corporation. This acquisition would help the company to expand its operations, creating a leading United States manufacturer of fenestration products, especially in the growing vinyl windows and patio doors product segments.
In October 2018, Ply Gem, a leading North American manufacturer of exterior building products had acquired the Silver Line vinyl window and patio door division from Andersen Corporation. The addition of the Silver Line business would provide better balance the mix of end markets and strengthen the core capabilities and contribute significantly to revenues and earnings.
In March 2018, Andersen Corporation had acquired the Heritage Windows and Doors, a manufacturer of custom, high-quality aluminium windows and doors in Gilbert, Arizona. Heritage specializes in serving the luxury residential and commercial market creating high performance aluminium windows and doors that are resistant to the desert's natural forces. This acquisition would help the company to expands Andersen's product portfolio, increases the advanced manufacturing capabilities and extends the geographic reach.
In July 2014, PGT, Inc, the nation's leading manufacturer and supplier of residential impact-resistant windows and doors had entered into a definitive agreement with CGI Windows & Doors Holdings, Inc. (a portfolio company of Cortec Group Fund, LP) pursuant to which CGI would become a wholly owned subsidiary of PGT. The transaction, valued at approximately $111 million, is consistent with PGT's plan to grow strategically while contributing to earnings growth through targeted acquisitions of complementary specialty products.
Several companies are raising the investment for the development of the windows and doors. For instance, in April 2019, Andersen Corporation had invested the USD 105 million to build a 500,000 square foot manufacturing campus in Goodyear, Arizona. Andersen's Goodyear facility would manufacture Andersen 100 Series products. This expansion is the part of the Andersen's strategy to increase capacity to support demand and expand its presence in the western United States.