Growth Opportunities in the Global Aluminum Door and Window Market
According to a new market report published by Lucintel, the future of the global aluminum door and window market looks promising, with opportunities in the growth of the residential and commercial construction industry. The global aluminum door and window market is estimated to reach US$72.1 billion by 2021 and is forecast to grow at a CAGR of 5.1% from 2016 to 2021. The major drivers of growth for this market are increasing new construction and renovation activities.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of impact windows and doors, energy efficiency in aluminum doors and windows, replacement of wood by eco-friendly aluminum, and introduction of fully reversible windows.
Within the global aluminum door and window market, the aluminum window segment is expected to remain the largest market. Increasing construction activities and aesthetic appeal of aluminum door and window products are projected to augment the demand for the aluminum door and window market. These major factors would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market and witness the highest growth rate during the forecast period due to increasing urbanization, and new building construction activities.
As the first souring event for window, door and facade products in China, the annual Windoor Expo China is the trade show which gathers most aluminum door and window manufacturers and products among all the fairs of building and construction, and fenestration in China. Click to review the 2017 exhibitor list.
The 24th Windoor Expo China covering 85,000 square meters of exhibition space will take place again in Poly World Trade Center, Guangzhou from March 11 to March 13, 2018. For details, please visit www.windoorexpo.com
Notes: The Global Aluminum Door and Window Market report is available for purchase through Lucintel.