August 25, 2020
According to the recent research report titled ‘Global Aluminum Door and Window Market Size study, by Type (Aluminum Door (Exterior Door, Patio Door), Aluminum Window (Sliding Window, Bi-Fold Window, Others)), by Application (Residential, Commercial) and Regional Forecasts 2020-2027’, available with Market Study Report, global aluminum door and window market was valued at USD 65.3 billion in 2019 and is projected to expand with a CAGR of 5.1% during 2020-2027.
Easy availability of aluminum windows & doors in various textures and colors, and their sustainability to contemporary design choices are majorly driving the growth of the market.
The surge in popularity of aluminum door & windows is due to its high durability, less need of framework, easily cleaning, and high security properties. According to Livingwood Windows Ltd., aluminum windows & doors have lifespan of 30 years owing to its high resistance from external elements that decay metal. They are low maintenance and can be cleaned easily, thus they are widely used in hotels, commercial buildings, and households.
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Moreover, aluminum door and windows are thermal efficient as they can lose and attain heat up to 60%. Integration of aluminum material in manufacturing of doors & windows with the help of thermal break technology enables in improving the boosting acceptance of these windows owing to its high durability and thermal efficiency.
Rapid industrialization & urbanization in developing and developed economies is further accelerating the industry expansion. In fact, according to United Nations 55% of world’s population occupied urban areas, in the year 2017, which is likely to increase by 68% through 2050.
The growing renovation trends of old buildings and increasing investments in infrastructural developments is fostering the product demand. However, the material and installation costs of aluminum door & windows is relatively high as compared to nominal window frames, which in turn may impede the market growth over the assessment period.
Citing the regional landscape, Asia Pacific presently holds major share and is estimated to register substantial growth over the analysis time period. The regional growth is credited to rapid industrialization & urbanization, which results in rapid expansion of construction sector in emerging countries like China, India, and Japan.
Major players in global aluminum door and window market are Geeta Aluminium Co. Pvt. Ltd., Fenesta Building Systems, Olsen Doors and Windows Limited, Bradnam's Windows & Doors, Andersen Corporation, Fletcher Building Limited, Apogee Enterprises, Inc., PGT Innovations, Ply Gem Holdings Inc., and YKK AP Inc.