One of the most iconic developments in doors
and windows market is the recent announcement by a select group of
Norwegian architects stating that they are in the process of designing the
first European underwater restaurant.
The fundamental driving force behind the
growth of door and window market is the escalating infrastructure development
prevalent across the residential and commercial sector. Of late, most of the
homeowners have been giving preference to high performance, attractive, and
custom crafted products. Given the subsequently escalating demand for
customized door and window, architects have been rapidly focusing on the
improvisation of product design and development. In United States, for instance,
near the Gippsland lakes, most of the homeowners have installed LEGG door and
window, through which occupants have the privilege of capturing the beautiful
view of the lake from every window in the house. Apart from the U.S., countries
across the Middle East and Europe have also been heavily investing in
innovative product design for commercial zones such as shopping malls and
restaurants, which will favorably influence door and window industry share.
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One of the
most iconic developments in door and window market is the recent announcement
by a select group of Norwegian architects stating that they are in the process
of designing the first European underwater restaurant. Built with concrete,
this spectacular edifice encompasses a 36-feet wide and 13-feet tall panoramic
acrylic window that will be able to withstand the harsh undersea environment.
Thus, having recognized the importance of strength and weight, architects have
been giving preference to uPVC materials, since they are endowed with the
characteristics of sound and thermal insulation. In 2016 alone, uPVC material
held more than 33% of the overall door and window market share.
Apart from
uPVC based products, since the last few years, aluminum has gained popularity
across doors and windows market. It has been
observed that aluminum building components are being extensively used across
the residential zones in Kenya, as these products offer several benefits such
as durability, strength, light weight, less cost, and an aesthetically pleasant
appearance. Furthermore, aluminum is strong enough to withstand calamities and
is sufficiently flexible, on account of which manufacturers will have the
freedom to develop a myriad range of designs. In order to increase the shelf
life of building components, consumers have been inclining toward aluminum of
late, which has considerably fueled door and window industry share.
Taking into
account the proliferating trend of smart homes, participants in door and window
market are revolutionizing their product pipeline with the help of new
technologies such as sensors and IoT. Recently, the U.S. based Pella
Corporation deployed wireless technology to increase the security system of
door and window. In order to commercialize the product, the company teamed up
with Resolution Products, one of the well-known providers of wireless
solutions. This technology would be installed in doors and windows during the
manufacturing process and would offer security to consumers without impacting
the aesthetic properties of product.
Thus, the
shifting focus of the manufacturers toward development of innovative and
advanced products is likely to augment doors and windows market outlook.
Speaking of which, Pella Corporation, Anderson Corporation, Deceuninck, Weru
Group, ATIS Group Inc., Centuryply, Performance Doorset Solutions Ltd.,
JELD-WEN, Wintech, LG Hausys Ltd., RENSON®, SGM Windows, B.G. Legno, Fenesta
Building Systems, and YKK AP Inc., are some of the renowned players in door and
window industry.
Doors and Windows Industry Insights
3.1. Industry
segmentation
3.2. Industry
landscape, 2012 - 2024
3.3. Industry
ecosystem analysis
3.4. Profit
margin analysis
3.5.
Distribution channel analysis
3.6.
Technology landscape
3.7.
Regulatory landscape
3.8. Raw
material analysis
3.9. Industry
impact forces
3.9.1. Growth drivers
3.9.1.1.
Increasing spending on housing/commercial infrastructure
3.9.1.2.
Proliferating demand for uPVC profiles
3.9.1.3.
Rising replacement of aging infrastructure
3.10. Growth
potential analysis
The ongoing
trend prevalent in door and window market is that of renovating historic
buildings with energy efficient windows. Due to the lack of funding for
refurbishments from regional governments, engineers have been looking out for
cost-effective and highly strong products that can be incorporated in building
design. The increasing need to save energy has led to a major percentage of
homeowners giving preference to energy efficient products, which will suitably
propel overall door and window market size, slated to cross a mammoth valuation
of USD 211 billion by 2024.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+ |News
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