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$215 Bn By 2026, Windows and Doors Market Study Report By 2026
Windows and Doors Market
According to MGI Founder and CEO, Michael Garratt, the company is known for investing in a range of sub-sectors comprising supply chain operators and component manufacturing. The CEO has additionally highlighted that the involvement of MGI with Euramax will enable it to develop and expand its product portfolio for better serving its customer requirements.
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Such moves are set to escalate the industry outlook, driving business expansion through the coming years.
This growth is chiefly attributed to the extensive deployment of steel in security doors and windows on account of its strength and rigidity. Doors made from stainless steel can also be customized owing to their flexibility while manufacturing, propelling the overall market growth.
Few major trends likely to impel windows and doors industry growth comprise:
Surging demand for metal windows & doors
The wide utilization of aluminum on account of multiple properties such as durability, higher rigidity, and flexibility has been instrumental in escalating the demand for metal windows & doors, driving revenue growth over the forecasted span. The metal windows & doors segment had a valuation of USD 40.5 billion in 2019 and is expected to grow at a commendable CAGR of 5.3 per cent through the estimated span.
Several anti-corrosive properties of aluminum in addition to better appearance are set to make these doors ideal for the purpose of security, thereby augmenting windows and doors market size through the projected period.
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Increasing government spending for residential & commercial purposes in Middle East & Africa
An upsurge in government spending for commercial & residential purposes in Saudi Arabia is poised to push windows and doors industry growth in the region. The Middle East & Africa market had a valuation of USD 9.1 billion in 2019 and is estimated to exhibit a commendable CAGR of 5.0 per cent through 2026.
Furthermore, the increasing opportunities of tourism owing to an escalation in the number of tourists visiting holy places will boost the overall hospitality sector, spurring the windows & doors industry demand through the analysis period.
Rising demand for glass windows and doors in households and commercial buildings
Soaring disposable income coupled with shifting preference towards the usage of WPC and glass in commercial buildings and households is slated to increase the windows and doors market share through the assessment period.
Glass is extensively utilized in sliding and folding windows & doors, given it a unique combination of durability and elegance, depending upon the application of the user.
In a nutshell, the rapidly evolving construction industry in the Asia Pacific coupled with the surging demand for repair & improvement in Europe and North America is slated to propel global windows and doors market outlook in the near future.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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