Anticipated Windows Market Worth of $52 Billion by 2029

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Anticipated Windows Market Worth of $52 Billion by 2029

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

Meticulous Research®, a key player in global market research, has released a detailed 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 the latest analysis by Meticulous Research®, the global windows market is projected to achieve a market size of $52 billion by 2029, with a compound annual growth rate (CAGR) of 9% during the forecast period from 2022 to 2029. Additionally, the market volume is expected to reach 307.8 million units by 2029, exhibiting a CAGR of 9.7% over the same period.

The market's growth is driven by the rapid expansion of the construction sector, the increasing adoption of smart homes, and the growing preference for single-hung windows. Further, the rise in urbanization in emerging economies and the demand for windows in renovation projects are expected to create significant growth opportunities. However, the volatility in raw material prices presents a challenge to the market's expansion. A prevailing trend in the market is the growing consumer preference for larger windows.

The windows market is segmented by material and frame type, and the report provides a thorough analysis of industry competitors, along with market assessments at regional and national levels.

The material-based segmentation of the market includes wood, wood-clad, metal, plastic, and fiberglass. The plastic segment is anticipated to capture the largest market share by value in 2022, driven by the construction sector's growth and increasing demand for features like automated ventilation, temperature regulation, and security enhancements. However, the fiberglass segment is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of green building practices that aim to reduce the carbon footprint of new constructions.

The market is further divided by frame type into slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. The single-hung windows segment is projected to hold the largest market share in 2022, largely due to the increasing demand for these windows and the construction industry's robust growth. Meanwhile, the awning windows segment is anticipated to register the highest growth rate during the forecast period, due to its benefits in ventilation, cost-effectiveness, and energy efficiency.

Regionally, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global windows market in 2022, followed by Europe and North America. The region is also expected to experience the fastest growth during the forecast period, driven by rising construction activities in countries like South Korea and Indonesia, the presence of major industry players, and the increasing demand for secure and safe living environments.

Key Players:

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.).

Download PDF Brochure: https://www.meticulousresearch.com/download-sample-report/cp_id=5391

Key questions answered in the report-

Which are the high-growth market segments based on material, frame type, and geography?
What was the historical market for windows?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, and opportunities in the windows market?
Who are the major players, and what shares do they hold in the windows market?
How is the competitive landscape in the windows market?
What are the recent developments in the windows market?
What are the different strategies adopted by the major players in the windows market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global windows market, and how do they compete with the other players?