Window and door market size is expected to exceed USD 250 billion by 2023: Global Market Insights, Inc. Window and door market size is expected to exceed USD 250 billion by 2023 growing at a CAGR of over 6% from 2016 to 2023. The rise in the demand can be attributed to increasing construction work as the global economy rebounds. Furthermore, increasing residential improvement activities along with growing repair demands is estimated to drive growth. Rising global population is likely to increase the demand for housing as well as public buildings. Increasing value of non-residential construction along with renewed downstream demand is estimated to fuel the revenue growth. In addition, industry consolidation is likely to improve the overall profit margin over the forecast period. Uncertainties in the industry such as rising interest rates, labour availability as well as planning delays are estimated to hamper the industry growth. Proliferating usage of triple-pane insulated glazing windows and insulated core doors by builders during construction of buildings is anticipated to promote the industry growth over the forecast period.
Key industry participants in the window and door market share include Allegion plc, Alcoa Incorporated, Alpine Window, Alside, Amarr Garage Doors, Andersen Corporation, Ashworth Doors, ASSA ABLOY AB, Associated Materials LLC, Atrium Corporation, Axiall Corporation, Bison Building Materials, CECO Door Products, Champion Window, Champion Windows Manufacturing Incorporated, Clopay Building Products, CRH plc and Curries among others.
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