India UPVC Doors and Windows Market is expected to reach around INR 49 billion by 2023: Ken Research

• In FY’2018, UPVC accounted for around 12% of the overall doors and windows market size in India and it is expected that UPVC will grab more 50% than market share by 2038.
• The market is dominated by small and medium sized uPVC windows and door profile players which are following European especially German technology and Chinese technology.

Growing awareness about the benefits of UPVC products, rapid urbanization, high migration of working class population to urban cities, increased personal disposable income and rise in residential units contributed to the steady growth of India UPVC doors and windows market.

The market is expected to expand synergistically in the mid-long term due to several other driving factors including shortage of household units in the country, central government’s initiatives to develop affordable housing for all by 2022 and build several smart cities across the country. India still has a shortage of 18 million homes that requires USD 330 billion of construction funding. Therefore, a massive level of residential unit construction is required to meet this demand of housing sector. The residential sector thereby presents a huge potential for the expansion and adoption of UPVC doors and windows.

In FY’2015, the government of India has started a project of making 100 cities as smart cities by FY’2020. Safety of the public, energy conservation and eco-friendliness are one of the prime agendas of the smart cities. Owing to high compliance of UPVC doors and windows in high rise buildings and aesthetics properties, they are more likely to emerge as the preferred fenestration choice over conventional aluminium and timber counterparts. This has been projected to provide significant thrust to the UPVC doors and windows market of the country in the approaching years. Moreover, a number of infrastructural development projects will be undertaken in these cities which will provide further impetus to the industry over the period FY’2019-FY’2023.

Growth will be propelled by expansion activities undertaken by major players in the industry. For instance, Fenesta Building Systems plans to tap the replacement market which would be a larger sector in the coming years as more people renovate their houses. The company will also focus on strengthening of dealer network to enhance its presence in Tier II and Tier III cities across India. NCL Group and Germany’s VEKA AG Group have entered into an agreement to scale up the market share and introduce niche products in India. Both the companies will set up a joint venture worth INR 45 Crore. The new plant will reportedly have an annual capacity of 12,000 tons and be located in the Medak district of Telangana
Product portfolio expansion, introduction of guidelines for UPVC doors and windows fabrication by uPVC Window and Door Manufacturers Association (UWDMA) coupled with growing awareness and acceptance of UPVC doors and windows in Tier II and Tier III cities will propel the market revenues.

Analysts at Ken Research in their latest publication “India uPVC Doors and Windows Market Outlook to 2023 - By Fabrication and Extrusion Segment, By Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata), By Raw Material Procurement, and By Application (Residential, Retail, Hotel, Hospital and Institutional)” believe that increased marketing activities, introduction of quality standards and reducing reliance on Chinese imports for raw materials will create a positive impact on the market.

For More Information, Refer to the Link below
https://www.kenresearch.com/manufacturing-and-construction/construction-materials/india-upvc-doors-windows-market/149476-97.html

Companies Covered: Fenesta Building Systems, NCL Wintech, Aparna Venster, Encraft India, Rehau, Profine India, VEKA India, Window Magic, Lingel Germany, Aluplast India, Dhabriya Polywood Ltd, Lesso Buildtech Private Limited, Torfenster Systems (India), ADO (India) Private Limited

Products Covered:
• Fabrication and Extrusion Segment
• By Regions (Northern, Southern, Western and Eastern),
• by Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata and Others)
• by Market Structure (Organized and Unorganized)
• by Raw Material Procurement (Imported and Local Market)
• by New Construction and Renovation
• by Applications (Residential, Retail, Hotel, Hospital and Institutional).
• UPVC Doors by Type (Sliding and Casement), and by Location of Doors (Patio Doors, Interior Doors and Others).
• UPVC Windows by Type (Gliding & sliding Windows, Casement Windows, Fixed Windows, Single and Double Hung Windows and Others), by Single or Double Glazed Windows, and by Glass Type (Clear, Reflective, Tinted, Frosted and Others)

Related Reports:
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-polymer-additives-market/142294-101.html
The report is useful for polymer additive manufacturers, traders, importers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/us-pvc-pipe-fitting-market/142279-97.html
The PVC pipe and fittings industry has performed well as broad economic improvements and revitalized construction activity have driven up demand for industry products from a variety of downstream markets.

https://www.kenresearch.ae/manufacturing-and-construction/machinery-and-parts/saudi-arabia-pvc-pipe-market/142281-97.html

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Ken Research
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