Meticulous Research®—a leading global market research company, published a research report titled, ‘Windows Market by Material (Wood, Wood-Clad, Metal, Plastic, Fiberglass), Frame Type (Slider, Casement, Awning, Hopper, Fixed, Single-Hung, Double-Hung, Glass Block), and Geography—Global Forecasts to 2029.’
According to this latest publication from Meticulous Research®, the windows market is projected to reach $52 billion by 2029, at a CAGR of 9% during the forecast period of 2022–2029. Based on volume, the global windows market is projected to reach 307.8 million units by 2029, at a CAGR of 9.7% during the forecast period. The growth of this market is attributed to the rapid growth of the construction industry, consumers’ increasing inclination toward smart homes, and the growing demand for single-hung windows. In addition, growing urbanization in emerging economies and the increasing demand for windows in the renovation industry are expected to offer significant opportunities for the growth of this market. However, fluctuating raw material prices are a challenge for market growth. Additionally, customers’ growing preference for larger windows is a major trend in the global windows market.
The windows market is segmented by material and frame type. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on material, the windows market is broadly segmented into wood, wood-clad, metal, plastic, and fiberglass. In terms of value, in 2022, the plastic segment is expected to account for the largest share of the global windows market. The growth of this segment is attributed to the growing construction industry and rising demand for automated ventilation, heat regulation and burglary protection in homes. However, the fiberglass segment is projected to register the highest CAGR during the forecast period due to the growing adoption of green buildings as they reduce the carbon footprints of buildings.
Based on frame type, the windows market is segmented into slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. In 2022, the single-hung windows segment is expected to account for the largest share of the global windows market. The large market share of this segment is mainly attributed to the increasing demand for hung windows and the growing construction industry. However, the awning windows segment is projected to register the highest CAGR during the forecast period due to its better ventilation, affordability, and energy efficiency features.
Based on geography, the windows market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global windows market, followed by Europe and North America. The region is also expected to witness rapid growth during the forecast period. The large market share of Asia-Pacific is mainly attributed to the rising building construction activities in South Korea and Indonesia, the presence of prominent players, and increasing demand for a safe and secure living environment.
The key players operating in the windows market are JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).
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