Press release
Windows and Doors Market in Japan Upcoming Demand & Growth Analysis Up to 2023
Advancements by market players, rise in residential & nonresidential construction activities, and surge in home remodeling expenditure foster the market growth. However, high cost of eco-friendly products is projected to hinder the market growth. Rapid urbanization and industrialization in Japan, rise in consumer spending on home improvement, and growth in new construction activities are expected to provide opportunities for market development.According to a new report published by Allied Market Research, titled, Japan Windows and Doors Market by Door Type, Material, Mechanism, and End User: Opportunity Analysis and Industry Forecast, 2017-2023, the Japan Windows and doors market was valued at $9,756 million in 2016, and is projected to reach at $14267, million by 2023, growing at a CAGR of 5.6% from 2017 to 2023. Doors market is expected to be the leading contributor to the Japans windows and doors market.
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The Japan windows market is segmented based on material type into wood, metal, and plastic. In 2016, the wood segment accounted for around 43% of the total windows market revenue, owing to the high dimensional stability and durability & resistance to fire and chemicals, often preferred in the commercial sector. The plastic segment is expected to witness increased usage in light commercial and institutional applications, registering the highest growth rate during the forecast period.
Leading Market Key Players-
Leading players profiled in the report include Atrium Corporation, Arbo Windows, LIXIL Group Corporation, M SORA, Nabtesco Corporation, NENDO, Open Door Inc., Sankyo Tateyama Inc., WUXI FEILONG DOOR INDUSTRY CO. LTD., and YKK AP Inc.
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The Japan windows market is segmented based on material type into wood, metal, and plastic. In 2016, the wood segment accounted for around 43% of the total windows market revenue, owing to the high dimensional stability and durability & resistance to fire and chemicals, often preferred in the commercial sector. The plastic segment is expected to witness increased usage in light commercial and institutional applications, registering the highest growth rate during the forecast period.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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