Windows and Doors Market:Increasing Demand with Key Players Like Andersen Corporation, Marvin Windows & Doors, Pella Corporation, Atrium Corporation
The global windows and doors market was valued at $184 billion in 2015 and is estimated to reach $282 billion by 2022, growing at a CAGR of 6.3% from 2016 to 2022.
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The doors segment is also anticipated to grow at the highest growth rate owing to rise of multifamily housing trends. Moreover, rise in consumer spending on home improvement and growth in new construction activities are expected to provide opportunities for market development.
Swinging windows are expected to gain traction due to the increase in popularity of casement windows, and is expected to grow at the highest CAGR of 6.2%. Swinging doors is anticipated to dominate the market throughout the forecast period owing to the increased adoption of hinged doors. Sliding doors is expected to grow at the highest CAGR of 7.4% indoors market due to shift toward space-efficient homes.
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Key Findings of the Windows & Doors Market
• Asia-Pacific generated the highest revenue in 2015, and is anticipated to witness the highest growth from 2016 to 2022.
• According to product type, the doors segment is expected to dominate the market.
• Wood is projected to lead the market, in terms of value, during the analysis period.
• Metal is the dominant material type for windows, and is expected to continue this trend in the future
Leading players profiled in the report include Andersen Corporation, Masco Corporation (Milgard Manufacturing, Inc.), Marvin Windows & Doors, Pella Corporation, Atrium Corporation, Schuco International Kg (a subsidiary of OTTO FUCHS Kommanditgesellschaft), Jeld-Wen Holding, Inc., YKK Corporation, Lixil Group Corporation, and MI Windows and Doors LLC.
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