Meticulous Research®, a global leader in market research, has published its latest report titled, ‘Windows Market by Material (Wood, Wood-Clad, Metal, Plastic, Fiberglass), Frame Type (Slider, Casement, Awning, Hopper, Fixed, Single-Hung, Double-Hung, Glass Block), and Geography—Global Forecasts to 2029.’
The report indicates that the global windows market is expected to grow significantly, reaching a valuation of $52 billion by 2029, with a compound annual growth rate (CAGR) of 9% over the forecast period from 2022 to 2029. The market volume is projected to reach 307.8 million units by 2029, with a CAGR of 9.7% during this period.
The market's growth is attributed to the booming construction industry, the rising trend of smart homes, and the increasing demand for single-hung windows. Moreover, the acceleration of urbanization in developing regions and the growing demand for windows in renovation projects are expected to provide substantial opportunities for market expansion. However, fluctuating raw material prices present a challenge to market growth. A key trend observed is the growing consumer preference for larger windows in residential and commercial buildings.
The windows market is categorized by material and frame type, with the report offering an in-depth analysis of competitors, along with market insights at regional and national levels.
The market is segmented by material into wood, wood-clad, metal, plastic, and fiberglass. The plastic segment is expected to account for the largest share of the market by value in 2022, driven by the growth of the construction industry and the increasing demand for automated ventilation, heat regulation, and enhanced security in homes. However, the fiberglass segment is expected to register the highest CAGR during the forecast period, due to the increasing adoption of green building practices aimed at reducing the carbon footprint of buildings.
The market is further segmented by frame type into slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. The single-hung windows segment is expected to dominate the market in 2022, largely due to the growing demand for these windows and the robust growth of the construction industry. On the other hand, the awning windows segment is projected to experience the highest growth during the forecast period, owing to its advantages in ventilation, cost-effectiveness, and energy efficiency.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of the global windows market in 2022, followed by Europe and North America. The region is also expected to witness the fastest growth during the forecast period, driven by increased construction activity in countries like South Korea and Indonesia, the presence of key industry players, and the rising demand for secure living environments.
Key Players:
The key players operating in the windows market are JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).
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Key questions answered in the report-
- Which are the high-growth market segments based on material, frame type, and geography?
- What was the historical market for windows?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, and opportunities in the windows market?
- Who are the major players, and what shares do they hold in the windows market?
- How is the competitive landscape in the windows market?
- What are the recent developments in the windows market?
- What are the different strategies adopted by the major players in the windows market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global windows market, and how do they compete with the other players?
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