$61.4 Billion Industry Value Projected for Window Frames by 2031


Posted August 15, 2024 by Deeya5220

Explore $61.4 Billion Window Frames Market : Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!
 
Meticulous Research®, a top global market research firm, has published its latest report titled, "Window Frames Market by Material (Plastic, Metal, Fiberglass, Wood, Wood-clad), Type (Single-Hung, Double-Hung, Fixed, and Others), End User (Residential, Commercial, Others) - Global Forecast to 2031."

According to the report, the global window frames market is expected to grow to $61.4 billion by 2031, at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. The market's volume is projected to reach 345.7 million units by 2031, with a CAGR of 8.9% over the same period.

The market's growth is driven by the rapid expansion of the construction sector and accelerating urbanization in developing regions. Moreover, the growing demand for window frames in the renovation market and the increasing preference for vinyl windows are poised to offer significant growth opportunities. However, challenges such as the high cost of eco-friendly materials and fluctuating raw material prices could impede market growth.

The report segments the market by material, type, and end-user, providing a comprehensive analysis of key competitors and regional trends.

In terms of materials, the market is divided into plastic, metal, fiberglass, wood, and wood-clad. The plastic segment is anticipated to hold the largest market share in 2024 due to its low maintenance, durability, and superior insulation against weather and pollution. The fiberglass segment is expected to grow at the highest CAGR, driven by its environmental sustainability, resistance to warping, and energy efficiency.

The type segment includes single-hung, double-hung, slider, casement, fixed, awning, glass block, and hopper window frames. The single-hung window frames segment is projected to dominate the market in 2024, owing to its energy efficiency, durability, and affordability. Meanwhile, the awning window frames segment is expected to grow at the fastest rate, thanks to its ventilation benefits and versatile design options.
Regarding end-users, the market is segmented into residential, commercial, and industrial categories. The residential segment is expected to lead the market in 2024, driven by increasing investments in housing and the need for enhanced aesthetics, privacy, and cross-ventilation. The commercial segment, however, is anticipated to grow at the highest CAGR, supported by rising investments in commercial construction and the growing demand for energy-efficient, secure, and soundproof buildings.

Regionally, the market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is expected to capture the largest market share in 2024, driven by rapid urbanization, increasing infrastructure investments, and the growing popularity of energy-efficient uPVC windows. Additionally, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

Key Players:

The key players operating in the window frames market are Pella Corporation (U.S.), Andersen Corporation (U.S.), Milgard Manufacturing, LLC. (U.S.), Atrium Corporation (U.S.), MI Windows and Doors, LLC. (U.S.), JELD-WEN Holdings, Inc. (U.S.), Anglian Home Improvements (U.K.), Chelsea Building Products (U.S.), Crystal Window & Door Systems (U.S.), Deceuninck (Belgium), Eurocell (U.K.), Schuco International KG (Germany), LIXIL Corporation (Japan), Masco Corporation (U.S.), and BG Legno Srl (Italy).

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Key questions answered in the report-

• Which are the high-growth market segments based on material, type, and end user?
• What was the historical market for window frames?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, opportunities, and challenges in the window frames market?
• Who are the major players, and what shares do they hold in the window frames market?
• How is the competitive landscape in the window frames market?
• What are the recent developments in the window frames market?
• What are the different strategies adopted by the major players in the window frames market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global window frames market, and how do they compete with the other players?

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Categories Advertising
Tags window frames market singleglazed windows doublehung windows slider windows casement windows fixed windows awning indows glass block windows hopper wi
Last Updated August 15, 2024