Germany accounts for the largest windows and doors market in Europe in terms of installation
Arizton’s recent market research report on the windows and doors market in Europe identifies Jeld-Wen, Inwido, VKR Group, and Internorm as the major vendors in the Europe market. The report provides detailed and comprehensive industry and competitive analyses and trend forecasts. The research study segments the market by product types (doors and windows), end-users (residential and commercial buildings), materials (metal, plastic, and wood), and countries (France, Germany, Italy, Norway, Sweden, Denmark, Finland, Poland, Spain, and the UK).
The windows and doors market in Europe is likely to reach around $83 billion, growing at a CAGR of 5% during 2018−2024.
The demand for renovation and retrofit activities, especially from individual customers, is likely to account for close to 60% of the total windows market in Europe. The new residential construction in Europe is expected to grow by over 3% between 2017 and 2019, which is expected to give a major boost to the windows and doors market in Europe.
The market is divided into four major segments into product types, end-users, material types, and geography.
The plastic windows and doors segment is likely to dominate the European windows and doors market
Plastic doors and windows accounted for a share of about 50% and dominated the European windows and doors market in 2018. The overall cost of installing plastic windows and doors is comparatively more cost-effective than wooden or metal materials; uPVC is increasingly being used as the main material for low-cost, durable, and high-quality windows and doors. The use of plastic is relatively higher in windows than doors. Due to innovations in the material and manufacturing techniques, plastic windows and doors continue to gain traction due to advancements in their thermoplastic properties.
Durability, high-noise reduction, high-thermal efficiency, suitability for seaside locations, minimal discoloration, low maintenance, multipoint security features, termite resistant, and recyclability are the major benefits of plastic windows and doors. Plastic windows, generally, have a high ability to ward off a thermal loss as they can be sealed tightly and allow two or three times glazing at economical prices. Central European countries have a high preference for uPVC doors. The high level of energy efficiency provided by uPVC doors and windows is an important factor for boosting the demand for plastic windows and doors during the forecast period.
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Germany is likely to witness lucrative growth in the windows and doors market in Europe
Germany accounts for the largest market for windows and doors in Europe in terms of installation and is likely to witness incremental growth during the forecast period. The German government invested over $37 billion in public infrastructure development in 2017.
The construction industry in Germany recorded a robust growth of 2% in 2017.
Rise in construction activities, positive economic growth, increase in renovation demand from the residential segment, rise in disposable income, and high government spending on public infrastructure is expected to drive the demand for doors and windows both in residential and commercial segments. The majority of demand and growth in the region can be attributed to demand for renovation and retrofit activities from customers and homeowners. In terms of volume, plastic is the most preferred material for external doors, accounting for a share of 33%, followed by aluminum and wood with a collective share of over 55% in 2018.
The complete overview of the latest market research report on the windows and doors market in Europe by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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