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Window And Door Frame Market Current Scenario & Future Growth Prospects during 2019 -2024, Key Players: Pella, Eurocell, PGT, Schuco, YKK Corporation
Window And Door Frame Market
The development of smart city projects is anticipated to drive the window and door frame market in the European region. In colder climates, customers are more inclined to purchase wooden frames that can aid in trapping heat inside the building and decreasing the expenditure on heating systems. In South-East Asian regions, the high availability of low-cost raw materials and electricity is leading to an increase in production plants.
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Window And Door Frame Market is anticipated to surpass USD 130 billion by 2024 with a CAGR of over 5% from 2016 to 2024. Rapid industrialization and the movement to urban locations is anticipated to increase construction activities of commercial and residential buildings. The Chinese government, for instance, has launched massive airport development projects such as the Beijing Daxing International Airport and the Chengdu Tianfu International Airport.
Rising pollution levels is placing a high emphasis on the adoption on eco-friendly frame materials. For instance, uPVC is an eco-friendly, recyclable material that are highly durable as compared to their traditional, wooden counterparts. In light of the rising trend of automation of every-day systems, companies operating in the window and door frame market are investing heavily in new product innovations and the improvement of current systems such as the integration of electronic systems such as security locks, theft and intruder detection systems, among others.
The metal window and door frame market segment is anticipated to exhibit substantial growth owing to their high durability and increased insulation and resistance against fires. These products are ideal in settings experiencing high traffic with high susceptibility to break-ins and thefts, such as retail stores, prison buildings, apartment locations, and more.
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The commercial application segment of the window and door frame market is projected to dominate in terms of CAGR during the forecast timespan. This is largely attributed to the increasing construction projects undertaken across the world. Additionally, consumers are placing a high focus on durable and eco-friendly products that can withstand heavy exposure to natural elements and provide adequate protection against incidents caused by natural and human interventions.
Vendors in the global window and door frame market include:
• Sapa Building Systems
• Schuco
• Corialis
• Pella
• PGT
• Jeld-Wen Holding Inc.
• Andersen Corporation
• Marvin Windows & Doors
• Atrium
• Eurocell
• Reynaers
• and YKK Corporation
• MI Windows and Doors LLC.
Companies operating in the market are required to undertake business strategies such as acquisitions, mergers, and product innovations. For instance, in May 2015, Marvin Windows & Doors, announced the acquisition of TruStile Doors for the expansion of their product offerings and to obtain a larger target base.
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