Doors and Windows Market in APAC - Industry Outlook and Forecast 2021-2026

INDUSTRY INSIGHTS

The APAC doors and windows market size to be valued at USD 196 billion in 2026, growing at a CAGR of 5% during the period 2021-2026. The market will offer lucrative growth opportunities and grow 1.4 times during the forecast period by unit shipments. China is likely to emerge as the region's market leader; however, countries such as India, Australia, Indonesia, and Thailand are likely to offer expansion opportunities for new construction and renovation activities. China is the largest single market for the building construction sector. The growing disposable income of consumers and the increasing demand for thermal comfort are increasing renovation activities. With the floor space area and its associated energy consumption expected to witness traction in the coming decade, efforts to reduce emissions from buildings are prioritized, driving the usage of energy-efficient materials for construction. China is a well-established market for building codes and green policies covering residential, commercial, and public buildings. Hence, emission regulations have fueled the installment of high thermal and insulation windows and doors. 

SNIPPETS

• The doors and windows market in South Korea is expected to reach approx. USD 6 billion due to the growing preference for plastic and glass material.
• The rise in co-working communities, the hospitality sector's growth, and the increase in private business investments are expected to boost the non-residential doors and windows market.
• China is expected to generate incremental revenue of over USD 4 billion because of the increase in shopping mall construction, flexible co-working space, and urban renovation activities.
• The adoption of energy-efficient uPVC windows is growing due to the growing prominence of net-zero energy buildings.
• The COVID-19 pandemic outbreak is likely to boost the demand for automatic doors and windows due to increased emphasis on hand-free operations.

APAC DOORS AND WINDOWS MARKET SEGMENTATION 

This research report includes a detailed segmentation by

• Product
• Types
• Material
• End-user
• Installation
• Operation
• Geography

INSIGHTS BY PRODUCT

In terms of shipments, doors contributed over 35% in the APAC doors and windows market share in 2020. Wood and metal remain the most preferred material for external doors in several Southeast Asian countries. Metal doors are generally preferred for commercial buildings owing to their durability and high performance. Nevertheless, wood tends to remain the most dominant material in countries such as Japan and South Korea. Increased wood preference in interior and external work and renovation activities is likely to influence the wooden doors market growth. While vinyl is considered one of the fastest-growing segments in the region due to its low-cost and high efficiency, wood maintained its lead in 2020.

Attributes such as ergonomics, zero-maintenance, and eco-friendliness are significant factors affecting the installation of windows in urban areas of China, Japan, Australia, and South Korea. High performing glass and soundproof windows are the primary choices among homeowners. Customization tends to be a key factor for global manufacturers entering the APAC market. Moreover, government support to develop dwellings in countries such as China, India, and Malaysia is expected to enhance the demand for cost-effective plastic windows in new housing projects.

INSIGHTS BY TYPES

The projected revival of the APAC region's construction industry is expected to contribute to the residential sector's adoption of interior doors and windows. A high-speed renovation in several tier-I APAC cities has gained momentum in recent years. Interior doors and windows are expected to generate incremental revenue of approx. USD 10 billion during the forecast period, posing an absolute growth of 36% by unit shipments. Governmental policies to renovate abandoned homes in Japan and South Korea could support the market's development due to replacing worn-out interior doors and windows.

Exterior doors made up of steel, aluminum, and metal composites are likely replaced with automated glass doors and windows during the forecast period. Modern apartments in several Asian countries use wood for exterior doors. Wood with high dimensional stability is preferred in hotels and villas. However, the increased awareness of eco-friendliness and deforestation could promote vinyl doors and windows in the region, thereby increasing market shares. The use of uPVC and thermoplastics also contribute to the demand for plastic exterior windows. In terms of shipments, China is expected to contribute over 50% to the market by 2026.  The industry in Japan is likely to grow at a CAGR of over 4% for the same period.

INSIGHTS BY MATERIAL

The APAC windows and doors market is dominated by metal and wooden material due to the high concentration of manufacturers in China and India. Furniture made from concrete and high-grade wood has been one of the most sought-after home décor materials in countries like Japan, South Korea, Thailand, and India. In 2020, wood was the second most dominant material for windows and doors manufacturers in the APAC region. Carved wooden doors with high detail and architecture are highly preferred in traditional and stand-alone residences in the APAC region. Solid wood, which is durable and attractive, is preferred for high performance and insulating properties. However, the expensive periodic maintenance is a significant factor hindering wide-scale adoption, especially in commercial spaces.

Metal is one of the dominant materials for window manufacturing in China. Steel doors are more common in exterior applications in India and Southeastern countries. Metals, especially steel and aluminum, are gaining high traction for lightweight and durable windows. The demand for the metal is high due to increased application in non-residential and commercial construction, new permits in several APAC countries, and increased demand from renovation and retrofit projects. 

INSIGHTS BY END-USER

Residential end-users are the primary drivers for doors and windows, and the market is expected to generate incremental revenue of approx—$ 30 billion during the forecast period. New government-funded housing projects currently drive the demand for new residential construction. Malaysia, Vietnam, and Thailand are expected to be significant hotspots for new residential installations during the forecast period. Government-funded projects are focused on high-cost efficiency, thus increasing the demand for plastic windows and doors as they are highly cost and thermally efficient than wood and metal counterparts. Japan and China account for significant solar energy usage and building-integrated photovoltaics (BIPV). India is expected to witness increased demand due to improving living standards, growing construction industry, and increasing government initiatives to reduce dependence on fossil fuels.

As energy savings and efficiency are the significant parameters for cost-cutting in non-residential spaces, commercial buildings move toward sustainable and eco-friendly construction materials, including doors and windows. The installation of energy-efficient doors and windows is a major trend witnessed in the APAC non-residential construction market. While the COVID-19 pandemic has largely affected new construction activities in the region, they are expected to revive soon. China is considered the largest market for co-working spaces in the region that can provide lucrative growth opportunities. With the mandate of adopting solar power in building codes is growing, commercial building owners are expected to integrate photovoltaic systems in the building envelope. Japan and South Korea are expected to contribute approx. 6% to the growth of the non-residential market during the forecast period. 

INSIGHTS BY INSTALLATION

In 2020, new construction activities in the APAC region were highly affected by the COVID-19 pandemic. However, the revival is expected to fuel the growth in 2021. China is the epicenter of new construction activities, with a slowdown witnessed during Q3 and Q4 of 2020. Building construction activities in South Korea and Indonesia are expected to revive in 2021, thereby leading to the demand for new installation of doors and windows. The introduction of housing schemes by governmental agencies in South East countries is expected to support the market growth. APAC is set to become the largest market for flexible workspace in the world by the end of 2022. It was estimated to have over 11,500 co-working spaces by January 2021. Co-working spaces are significantly boosting the demand for doors in non-residential segments, including glass material for floor and office, wooden and aluminum doors for washrooms.

Replacement activities contributed over 27% of the total shipment share in 2020 as the proportion of renovation and replacement activities in the APAC region was low. However, green label energy standards and sustainable development measures can boost replacement activities. Renovation activities in South Korea are highly oriented toward apartment remodeling with tailored solutions. 

INSIGHTS BY OPERATION

With the COVID-19 pandemic outbreak, the significance of hands-free access and remote operations has been experienced significantly. Corporate offices, food courts, medical facilities, hospitality centers, and hotels, where safety and hygiene are essential, observe automatic doors' adoption. Over the years, the growth of manual doors and windows has increased due to low maintenance, customization, individualized security, and personalization. The application of manual doors is high in growing economies such as South Korea, Indonesia, and Thailand. Automatic doors and windows are expected to grow at the fastest CAGR, generating incremental revenue of $11 billion during the forecast period. Commercial renovation facilities are preferred places, where automatic versions are expected to witness adoption due to their energy efficiency, better security, and higher accessibility. 

INSIGHTS BY GEOGRAPHY

In terms of revenue and unit shipments, China is expected to emerge as the largest doors and windows market in the APAC region. The country is one of the largest manufacturers of steel and aluminum windows and doors in the world. Customization and craftsmanship are the factors promoting the export of these products. Further, Chinese manufacturers are increasingly dealing with global customers and clients to stay competitive in the market. Design aesthetics, budget, and installation purpose play a vital role in installing doors and windows in the country. The revival of the construction industry, shopping mall boom, a significant number of hotel projects are expected to boost momentum for new installations in China during the forecast period.

INSIGHTS BY VENDORS

LIXIL Corporation, YKK AP, Profine Group, and VEKA have a wide presence in the APAC doors and windows market. The market has witnessed major product development in terms of performance, where uPVC doors and windows are the key focus. uPVC doors and windows are gaining high traction in the APAC market due to their high performance and low maintenance. Besides, vendors are focusing on developing energy-efficient products. They are emphasizing the development of weatherproof, lead-free, and long-lasting products. Manufacturers are introducing a variety of fenestration products to meet the rising demand. Besides, they are also focusing on innovating their products to establish a competitive edge in the market.

The APAC doors and windows market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Product

• Doors
• Windows

Type

• Interior
• Exterior

Material

• Metal
• Plastic
• Wood
• Glass

End-User

• Residential
• Non-residential

Installation

• New Construction
• Replacement

Operation

• Manual
• Automatic

By Geography 

• APAC
  • China
  • Japan
  • South Korea