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Aluminum Doors And Windows Market, Current Trends, Sales, Shares And New Opportunities Report 2023 - 2032
As per The Business Research Company's Aluminum Doors And Windows Opportunities And Strategies Market Report 2023, The aluminum doors and windows market reached a value of nearly $59,444.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 1.4% since 2017. The market is expected to grow from $59,444.5 million in 2022 to $80,435.6 million in 2027 at a rate of 6.2%. The market is then expected to grow at a CAGR of 5.6% from 2027 and reach $105,504.9 million in 2032.Growing investment in construction is propelling the aluminum doors and windows market. Construction businesses are increasingly using aluminum doors and windows because they are sturdy, long-lasting and cost-effective. There is a significant increase in construction investment, which is increasing demand for aluminum doors and windows. For example, in 2022, construction spending in the US was on the rise. The residential construction spending in the US increased from $596.26 billion in January 2020 to $881.91 billion in January 2022. The non-residential construction spending in the US increased from $458.73 billion in January 2019 to $499.79 billion in January 2022. Therefore, growing investment in construction is fueling the growth of the aluminum doors and windows market
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Increasing investment is a major trend in the market for aluminum windows and doors. Companies operating in the aluminum windows and doors market are investing in new products and company expansions to lead the market. For example, in April 2022, AluK France, a France-based company that designs and manufactures aluminum windows, doors and facade solutions, invested €5million ($5.39 million) for a 5,000 m² extension to its Gannat production facility, to boost production capacity by 50%. This factory expansion project will meet customers' ever-increasing needs and help in operating at increased efficiency, while creating jobs within the region. Similarly, in July 2021, Aparna Enterprises, an India-based company operating in building materials products, such as windows and doors, tiles and sanitary ware fittings, invested $100 million in its Alteza brand. Alteza is a new aluminum window, door and railing system. The funds were utilized to improve the company's product portfolio, production facilities, marketing and retailing.
The top opportunities in the aluminum doors and windows market segmented by type will arise in the sliding window segment, which will gain $6,460.6 million of global annual sales by 2027. The top opportunities in the aluminum doors and windows market segmented by application will arise in the residential segment, which will gain $12,978.1 million of global annual sales by 2027. The aluminum doors and windows market size will gain the most in USA at $4,525.3 million.
Aluminum Doors And Windows Market Segmentation:
The Aluminum Doors And Windows market is segmented by type, By Application , by function and by type of traders.
By Type -
a) Exterior Door
b) Sliding Window
c) Bi-Fold Window
d) Other Types
By Application -
a) Residential
b) non-residential
Major players in the Aluminum Doors And Windows market include JELD-WEN Inc
LIXIL Group, Xingfa Aluminium Holdings Ltd, YKK Corporation, Fletcher Building Limited.
The regions covered in the global Aluminum Doors And Windows market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Aluminum Doors And Windows Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Aluminum Doors And Windows Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Aluminum Doors And Windows Market, Conclusions And Recommendations
23 Appendix
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