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Top Trends in Windows & Doors Market through 2026; Key players are Pella Corporation, Andersen Corporation, JELD-WEN, Inc., Cantera Doors, Fenesta Building Systems

06-04-2020 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.,

/ PR Agency: GMI
Windows & Doors Market

Windows & Doors Market

Global windows and doors market size is anticipated to record substantial growth over the next few years. This can be largely attributed to rapid urbanization throughout the world along with growing commercialization. Increased spending on residential and commercial infrastructure development along with renovation and remodeling of existing infrastructure will drive the business growth.

Based on the product landscape, the global windows and doors market can be segmented into wood, metal, uPVC, and others. Others segment is projected to experience a healthy CAGR during the analysis period on account of changing consumer lifestyles. Rapidly shifting preference towards outdoor living has also subsequently increased the demand for glass windows and doors.

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Numerous studies have revealed that natural light is among the first interior design features consumers look for in a living room when buying a house. Surging demand for large windows and less frame along with rapidly growing popularity of sliding glass doors among homeowners will drive the segment growth. Tempered glass is one of the most preferred material for windows and doors in both homes and offices.

Glass can be used for indoor as well as outdoor applications and it is available in different designs. Specific types of glass windows offer excellent resistance to wear and tear and help enhance the design, beauty and, decor of homes. Sliding glass doors are safe, secure, and energy-efficient, which is why they are emerging to become a popular choice among consumers for a living room extension or kitchen renovation.

On the basis of the application spectrum, windows and doors industry can be bifurcated into residential and commercial. Commercial application segment is estimated to garner momentum over the next few years driven by rising investments in the development of commercial infrastructure. Rapid growth of the global construction sector will accelerate the demand for windows and doors in the coming years.

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Investment in commercial infrastructure development has been a major driver of economic growth in emerging economies. Rapid population growth and urbanization in emerging economies has fueled the need for commercial spaces such as offices, hospitals, shopping malls, and hotels. These trends will certainly provide lucrative growth opportunities to window and door manufacturers.

Considering the regional landscape, Latin America held more than 10% share in global windows and doors market in terms of volume in 2018. This can be attributed to robust economic growth in the region in recent years. The expanding building & construction sector in LATAM is anticipated to drive the regional growth. Driven by rapidly evolving urbanization trends, the region is expected to invest significantly on residential as well as commercial infrastructure.

Related News - https://www.prnewswire.com/news-releases/worldwide-doors--windows-market-to-cross-usd-235-2-b-by-2026-global-market-insights-inc-301003761.html

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