Latest Report on Window and Door Market Trend
Window and Door market
size was valued
at over USD 82 billion in 2015 and is forecast to grow at 5.6% CAGR from 2016
to 2024. This revenue refers to window and door system or profile sales. Global
demand was over 28,000 kilotons in 2015, it will witness steady growth at 3.9%, according to the report of Global Market Insights in October 2016.
China window and door
market size, by application, 2012-2024 (USD Billion)
Infrastructure activities on a global scale coupled with growing improvement
and repair demand across the residential and commercial sectors will drive the
global window and door market size. Product preferences vary widely based on
parameters such as price, quality, environmental friendliness, aesthetic
appeal, etc. Regional housing and commercial construction markets as well as
raw material adoption based on the required characteristics will continue
profiles will grow at over 5% CAGR, mainly due to attractive aluminum window
and door market size in some regional industries. Aluminum provides low
maintenance and coated frame which can be painted and be matched with the color
of the user’s choice.
The companies involved in manufacturing and supplying window and door systems
are Andersen Corp, Eurocell, Corialis, Atrium, Pella, PGT, Reynaers, Sapa
Building Systems, Schuco, YKK Corporation, etc. New product development along
with technological advancements are the key strategies adopted by the industry
players to gain competitive edge.
The industry is moderately consolidated with the combination of few major
players and SMEs. Product development to increase consumer comfort and impart
aesthetic appeal are at the forefront of these companies’ growth strategies.
Regional expansion, increasing manufacturing capacity, partnerships and
acquisitions are likely to be a growing trend in the forecast timeframe.
Corporation and many other leading brands will showcase their latest new products at the Star Galaxy (Innovation Zone) at Windoor
Expo China during March 11 to 13, 2017 in Guangzhou, China. Register now to get
your free visitor badge to find out the 2017 industry trend onsite.
For more information, please visit www.windoorexpo.com
Tag: window door industry trend, windoor expo