Window and door frame market expected to grow at a lucrative CAGR of 5.2% by 2028: Fior Markets

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares and trends.

NEWARK, USA, November 14, 2022 /EINPresswire.com/ — According to the report published by Fior Markets, the window and door frames market is expected to grow from USD 95 billion in 2020 and reach USD 142.51 billion by 2028 growing at a CAGR of 5.2% during the forecast period 2021-2028.

A window is an opening in the wall that provides light, ventilation, and a view of the outside world. The window frame and the shutters are the two main components. A door is a solid barrier fixed in a wall opening. It is kept open for entry, from buildings and between rooms or closed to provide privacy. The door is made up of two parts: the frame and the shutters. The frame and the shutters are the two parts of the door. Wooden door frames, aluminum door frames, and iron door frames are the most common materials used to build window and door frames.

Windows and doors provide various benefits, including increased building thermal efficiency, energy savings, and distinctive aesthetics. The growing demand for smart and innovative windows and doors is expected to provide the industry with new growth prospects. Smart windows and doors are controlled using tablets and smartphones, improving comfort, home security and accessibility while providing real-time monitoring. Smart window sensors react to weather changes and the angle of the sun and clouds.

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The market for window and door frames is expected to witness significant growth, driven by rapid urbanization, boom in smart city construction, and changing lifestyles. In addition, the growing demand for renovations of old buildings, especially in European countries, and increasing investment in new constructions are expected to drive the adoption of windows and doors. The factors that are restraining the growth of the market are high and fluctuating commodity prices. The construction and processing of doors is highly dependent on raw materials. The expansion of the door market is hampered by fluctuations in the prices of raw materials such as plastic, wood, metal and glass. Rising awareness of green buildings and energy costs will provide opportunities for market growth.

Major players operating in the window and door frames market are Boon Edam, Pella Corporation, The Lyon & Billard Lumber Co., Assa Abloy, Droma Kaba, Allegion Plc, Heritage Windows and Doors, Andersen Corporation, Simpson Door Company, GWA Group Limited, Agta Record, Fancy Doors & Mouldings, Cornerstone Building Brands, Lacantina Doors, , LLC, Novoferm Gmbh, Viwintech Window & Door Inc., Therma-Tru Corp. and OCM Industrial Doors.

Assa Abloy acquired a majority position in Agta Record in August 2020, representing approximately 93% of the share capital and voting rights. Agta Record is a world leader in automatic door systems. This acquisition will allow the company to diversify its range of door products and expand its presence in Europe.
Andersen Corporation acquired Heritage Windows and Doors in March 2018, a manufacturer of high quality aluminum windows and doors for the commercial and residential industry. This acquisition enhanced the company’s manufacturing capabilities, window and door product portfolio and geographical presence in North America.
Allegion Plc acquired the door and entrance systems division of GWA Group Limited in July 2018. The intention to expand its distribution network and strengthen its market position in APAC following this acquisition .

The uPVC segment dominated the market and held the largest market share of 42.9% in 2020
On the basis of material, the window and door frame market is segmented into wood, metal, uPVC. The uPVC segment dominated the market and held the largest market share of 42.9% in 2020. This growth is attributed to durability and it is an ideal substitute for wood. The uPVC market is driven by changing lifestyles and increased spending on residential structures.

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The residential segment dominated the market and held the largest market share of 53% in 2020
On the basis of product, the window and door frame market is segmented into commercial and residential. The residential segment dominated the window and door frame market and held the largest market share of 53% in 2020. This growth is attributed to changing trends and people’s preferences, leading to an increase in renovations and replacements.

Regional Segment of Window and Door Frames Market

North America (United States, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, rest of APAC)
South America (Brazil and rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
Based on geography, the window and door frames market is classified into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia-Pacific region held a huge market share of 29% in 2020. The Asia-Pacific region is witnessing this growth owing to growing consumer awareness of energy efficient products and increasing disposable income; the market penetration rate of the product is increasing at a rapid pace. Rising construction activity in India, Indonesia, Australia, Philippines and China will drive the expansion of the regional market. Additionally, government regulations and policies promoting green buildings are expected to increase the demand for windows in commercial and residential buildings.

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About the report:
The window and door frames market is analyzed on the basis of value (USD Billion) and volume (K Units). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the driving factors, opportunities, restraints and challenges to obtain the key insights of the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, and Competitor Position Grid Analysis.

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