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Windows and Doors Market growing at a CAGR of 5.5% and is projected to reach $356.7 billion by 2032
market is set for steady growth, driven by increasing construction activities, rising disposable incomes, and the growing trend of home renovation
WILMINGTON, DE, UNITED STATES, February 7, 2025 /EINPresswire.com/ -- The global windows and doors market has seen substantial growth, largely driven by increased investments in the construction of residential and non-residential buildings. Additionally, the rising trend of home renovation and remodeling, fueled by higher disposable incomes, has significantly contributed to market expansion. The growing demand for urban infrastructure also plays a crucial role in driving the need for windows and doors. According to a new report published by Allied Market Research, titled โWindows and Doors Market,โ the market was valued at $208.1 billion in 2022 and is projected to reach $356.7 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฃ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ@ https://www.alliedmarketresearch.com/request-sample/1957
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The growth of the windows and doors market is primarily attributed to increasing investments in residential and non-residential construction. Additionally, the trend of home renovation and remodeling, spurred by higher disposable income and rising real estate costs, has positively impacted market growth.
The market is segmented into windows and doors based on type. Among these, the windows segment is expected to grow at a higher CAGR during the forecast period due to increasing demand for sustainable buildings that allow natural light and improved air circulation. Meanwhile, the doors segment dominated the market in 2022 in terms of revenue, primarily due to the growing number of commercial and institutional buildings.
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By material, the market is classified into metal, plastic, and wood. The metal segment accounted for a substantial share in 2022 due to its strength and suitability for exterior doors and windows, providing enhanced security. However, the plastic segment is anticipated to experience the highest CAGR, owing to its affordability, lightweight nature, and durability.
By application, the market includes swinging, sliding, folding, revolving, and others. The swinging segment generated the highest revenue in 2022, while the folding segment is projected to grow at the highest CAGR during the forecast period. The increasing demand for larger windows that allow more light and air into buildings is driving this growth.
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Asia-Pacific dominated the global windows and doors market in 2022 in terms of revenue and is expected to continue its dominance with the highest CAGR. This growth is fueled by substantial investments in infrastructure development in countries such as India, Vietnam, and China. Rapid urbanization and population growth in these regions are also key contributors to market expansion.
๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐๐ป๐พ๐๐ถ๐ฟ๐@ https://www.alliedmarketresearch.com/purchase-enquiry/1957
The COVID-19 pandemic significantly impacted the windows and doors market, particularly in major economies such as India, China, Vietnam, Germany, and the U.S. Supply chain disruptions, labor shortages, and rising raw material costs led to production delays and constrained market growth. However, with the introduction of vaccines and economic recovery measures, key players in the industry are rebounding.
Despite these challenges, the post-pandemic economic environment presents new hurdles. The quantitative easing policies adopted by many countries during the pandemic have led to global inflation, adversely affecting all industrial sectors, including construction. Rising costs of construction materials, coupled with inflationary pressures from geopolitical conflicts such as the Ukraine-Russia war, have further impacted the market.
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Key players in the windows and doors market include:
Andersen Corporation
JELD-WEN, Inc.
Pella Corporation
YKK AP, Inc.
Marvin Windows & Doors
Masonite International Corporation
LIXIL Group Corporation
Atrium Corporation
These companies are investing in advanced door and window technologies to enhance security, energy efficiency, and aesthetic appeal. Innovations such as smart doors and automated windows are expected to provide lucrative growth opportunities in the coming years.
๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ ๐ข๐ป ๐๐ฒ๐บ๐ฎ๐ป๐ฑ@ https://www.alliedmarketresearch.com/request-for-customization/1957
David Correa
Allied Market Research
+ 1 800-792-5285
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