November 13, 2020
As per the recent research report titled ‘North America Windows & Doors Market Size, By Material, Application, Country, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026A’, available with Market Study Report, North America windows & doors market is estimated to amass USD 39 billion by the year 2026.
Surging number of aging structures across the region, coupled with ongoing restructuring and maintenance activities are impelling the growth of North America windows & doors market. Improved cognizance of relationship between quality of life and infrastructure among individuals, in consort with government focus towards bolstering infrastructure development projects, and extensive repair activities are boosting the demand for doors & windows, hence positively influencing the business landscape.
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On the downside, sudden outbreak of COVID-19 virus has compelled government to impose lockdown measure, widely halting the constructions, which is arresting North America windows & doors industry expansion.
Based on material type, aluminum metal segment held substantial market share in the recent past and will maintain its position in the forthcoming years. The material is extensively used in windows & doors construction as it provides better aesthetic appeal as compared to uPVC.
Meanwhile, wood segment is gaining significant traction in North America windows & doors market on account of material’s negative global warming potential. Wooden framings are preferred by customers inclined towards green building practices. However, strict regulations regarding deforestation may act as restraint for product adoption.
Elaborating the application spectrum, North America windows & doors market share from commercial segment is reckoned to grow decently over 2020-2026, claims the report. Upgradation in building standards, rising demand for eco-friendly construction materials & practices, as well as focus towards decreasing the energy usage of commercial buildings are stimulating the market outlook.
The study cites that residential application segment is touted to generate massive revenues in the forthcoming years, driven by booming population and improving disposable income in the region. Growing residential construction sector will bolster the demand for windows & doors in North America.
Prominent companies defining North America windows & doors market dynamics are Neuffer Windows + Doors GmbH, Performance Doorset Solutions Ltd., SGM Windows, Glass-Rite, TOSATTI, Vinylguard Window & Door Systems Ltd., ATIS Group Inc., Pella Corporation, JELD-WEN Inc., and Andersen Corporation.