April 01, 2021
According to the 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 projected to hit USD 39 billion by the end of the forecast period 2020-2026.
As per the findings of the report, North America windows & doors market growth is largely driven by aging infrastructure, and subsequent rise in improvement and repair activities. Moreover, growing consumer awareness regarding better living standards is enhancing industry outlook. However, the Covid-19 pandemic is negatively impacting the industry dynamics as construction projects and manufacturing units are at a standstill to due to the temporary lockdown and restriction measures imposed by governments in the region.
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Based on material, North America windows & doors market is categorized into uPVC, metal, wood, and others. Under the metal segment, aluminum will likely continue witnessing a sustained demand in the upcoming years. Better aesthetic appearance in comparison to its uPVC counterparts encourages its adoption.
Wood segment will garner decent traction as it is highly preferred by architectural & construction firms that emphasize on developing ‘green building’ by utilizing natural materials in their construction activities. This implies a negative global warming potential (GWP), which offers empowers builders with financial incentives through tax relation, thereby boosting the segmental share.
Considering application scope, North America windows & doors industry is bifurcated into residential and commercial. Among these, residential segment, valued USD 523.43 billion in 2019, is growing at a robust pace, especially in the U.S., creditable to increasing population count and rising income levels. In fact, the mountain region of the U.S. will continue to witness strong demand for residential construction in the upcoming years.
Meanwhile, decline in overall energy usage of buildings due to heat insulation and better visibility characteristics of various types of windows and doors will positively influence commercial segment growth over the forecast timeframe. Besides, reforms in building standards focusing on building safety and growing adoption of in eco-friendly materials are enhancing the segment growth.
Prominent players in North America windows & doors market sphere are Neuffer Windows + Doors GmbH, Performance Doorset Solutions Ltd., SGM Window Manufacturing Ltd., Glass Rite, Tosatti (Kem One Co.), Vinylguard. Window & Door Systems Ltd., Atis Group, Inc., Pella Corp., Jeld-Wen, Inc., and Anderson Corp.