Opportunities for the global door and window market to reach $259.8 billion by 2023

According to a new market report published by Lucintel, the future of the global door and window market looks promising with opportunities in the commercial and residential sectors. The global door and window market is expected to reach an estimated $259.8 billion by 2023 with a CAGR of 4.2% from 2018 to 2023. The major growth drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement.

In this market, metal, wood, and plastic materials are used for manufacturing doors and windows. On the basis of comprehensive research, Lucintel forecasts that metal will remain the largest segment over the forecast period due to durability and low cost option as compared to other materials. Lucintel predicts that the plastic door and window segment will witness the highest growth because they offer superior energy efficiency, durability, and have low maintenance cost.

Within the global door and window market, residential is expected to remain the largest end use segment and to witness the highest growth over the forecast period due to the increased residential spending and higher disposable income.

APAC is expected to remain the largest market and witness the highest growth over the forecast period due to growing population and increasing construction activities in this region.

Emerging trends which have a direct impact on the dynamics of the industry include increasing use of impact resistance doors and windows and development of energy saving doors and windows. Lixil Group, Sanwa Holdings, YKK Group, Masonite International, and Pella are among the major suppliers of the door and window market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global door and window market by application, material, product type, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Door and Window Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global door and window market by end use, material, size, product type, and region, as follows:

By End Use [Value ($ Billion) from 2012 to 2023]:

•          Residential
•          Commercial

Ø  Healthcare

Ø  Education

Ø  Hospitality

Ø  Retail

Ø  Office

Ø  Others

By Product Type [Value ($ Billion) from 2012 to 2023]:

·      Door

·      Window

By Material Type [Value ($ Billion) from 2012 to 2023]:     

                                          

·      Metal

Ø  Aluminum

Ø  Steel and Others

·      Plastic

Ø  Vinyl

Ø  uPVC and Others

·      Wood

Ø  Panel

Ø  Pine and Others

·      Others

By Region [Value ($ Billion) from 2012 to 2023]:

·      North America

·      Europe

·      APAC

·      ROW

This 200-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q. 1. What are some of the most promising, high growth opportunities for the global door and window market by product type (doors and windows), by material type (metal, plastic, wood, and others), by end use (residential, commercial, healthcare, education, hospitality, retail, office, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World?

Q. 2. Which products segments will grow at a faster pace and why?

Q. 3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q. 11. What M&A activity has occurred in the last 5 years?