Windows and Doors Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Windows and Doors Market is segmented By Material Type (Metal, Wood, Plastic, Others), By End-Users (Residential, Commercial, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Global Windows and Doors Market is estimated to grow at a CAGR of 4.5% during the forecast period 2024-2031. Demand from Residential and Commercial Construction activities in North America is booming. Competitive rivalry intensifies with Masco Corporation, Andersen Corporation, Pella Corporation and others operating in the market.

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Market Summary

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Market Dynamics

The market is driven by several factors such as the increasing renovation and remodeling activities for commercial and residential b are driven by the window and doors marketuildings. There is growing consumers’ expenditures for improvement activities for commercial and residential buildings. The increasing government initiatives for providing affordable housing to people shall stimulate market growth. The government had initiated several initiatives such as the housing provident fund, Pradhan Mantri Awaas Yojana, and Empower shack for providing affordable housing in India, China, and South Africa.

There is an 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 aluminum window and door systems under the brand name Alteza. The company would cater to Southeast Asian and Central Asian markets. Within Southeast Asia, the company would target Australia, the Philippines, and Hong Kong. Alteza would provide a range of solutions ranging from simple applications such as aluminum casement & sliding windows and doors to customized applications such as Slide and Fold, Tilt & Turn, Lift & Slide systems. Alteza systems would also provide bespoke solutions to fulfill various other system requirements, including structural strength, increased safety & security, uninterrupted wider view, among many other benefits.

In Decembethe r 2018, Senior Architecturaltem had launched a new aluminum wifurther ndow to complement their existi further. The new Aluminium Series 2 casement window would provide new and enhanced aesthetics, improved thermal perfoadaptability,daptaflexibilityflexible. 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 aluminum.

The market is witnessing technological advancement for the development of windows and doors. The introduction of smart windows and doors has increased home safety, comfort level, accessibility. The smart windows and doors provide real-time monitoring. The smart windows and doors can be operated via smartphones and tablets. For instance, in May 2020, the Korea Institute of Energy ResearchER) had developed a smart window technology that does not need power, and work by inserting a light-absorbing layer that can generate electromotivce 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.

Market Segmentation Analysis

The global windows and doors market is segmented based on material type as metal, wood, plastic, and others. The metal segment accounts for a significant market share of XX% in 2019 owing to the increasing usage of metal doors and windows in residential and commercial buildings. Metal doors and windows have 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 minimal upkeep in comparison to the windows and doors made-up of other materials. Metal doors and windows contract less in cold weather. Metal doors and windows have a more consistent barrier against the weather.

The wood segment is expected to witness positive market growth. Wood is more economical in comparison to the other materials. Wood is widely used in the construction of windows and door frames and complete doors and windows. Wood doors and windows have good thermal and sound insulation. Wood doors and windows don’t require an 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 construction 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 an increase in the sales of 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 single homes were sold in the United States. This number has witnessed a 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 have resulted in the usage of folding doors, sliding glass walls, bi-fold doors, and other advanced doors and windows.

Market Geographical Share

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 a 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 hotels, schools, hospitals, and other commercial buildings shall stimulate the market. There is growing adoption of smart doors and windows. The smart doors and windows can be easily operated through smartphones and tablets. The smart doors and windows provide home safety, comfort level, accessibility, and offering real-time monitoring.

Asia Pacific is expected to witness the highest growth at the 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 an 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 energy-efficient windows anhat are useful for preventing the cooled or from leavingave from home. The efficient windows and doors provide insulation to homes and reduce overall energy consumption. The high domestic income and purchasinwiller shaland for the winddoors' demandnd doors over the forecasted period. There is increasing government initiatives for the construction of the infrastructure.

Companies and Competitive Landscape

The global windows and doors market is 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 a better balance in the mix of end markets and strengthen the core capabilities and contribute significantly to revenues and earnings.

In March 2018, Andersen Corporation had acquired Heritage Windows and Doors, a manufacturer of custom, high-quality aluminum windows and doors in Gilbert, Arizona. Heritage specializes in serving the luxury residential and commercial market-creating high-performance aluminum 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 investment for the development of the windows and doors. For instance, in April 2019, Andersen Corporation had invested 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 part of Andersen's strategy to increase capacity to support demand and expand its presence in the western United States.