The renovation activities in the region is expected to contribute to the growth of the windows and doors market.
According to the latest Arizton's market research report, the APAC windows and doors market size to reach around USD 196 billion by 2026, growing at a CAGR of over 5% during the forecast period.
APAC Windows and Doors Market Growth Analysis
APAC being home to some of the largest construction markets such as China, India and Indonesia, the renovation activities in the region is expected to contribute to the growth of windows and doors market. The plan to renovate 220,000 communities in China that is home to 39 million households can eventually promote the market for window and door installation in the country in future. Vietnam which faced a short-term pressure in the residential construction during the pandemic is expected to revive during the first half of 2021. The government is also planning to build new affordable housing for low and middle-income families in the country that can promote new demands for windows and doors market.
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Interesting Facts to Know:
- In future, there will drastically change in living environment and in response to it, vinyl windows will gain more traction due to its high thermal resistance.
- YKK has collaborated with Indian based building material manufacturer UWIC to expand it footprint in the country.
- Vinyl and fiberglass tend to be the primary choice for windows in modern Indian homes that are posing a threat to materials like wood and steel.
Australia stood second with 183 projects where India follows closely with 148 projects. These new constructions can eventually lead to the installations of doors and windows in the near future. The adoption is attributed to several functional and structural advantages that these doors and windows offer as compared with traditional wood and metal doors and windows that are prone to termites, rust, and other risks due to exposure to these elements. APAC being a major price sensitive region, the heavy discounts characterize the retail environment in markets such as India. The growing millennial population in the country are also more experimental in approach that can rise the concern for sustainability, safety, and privacy.
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- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, types, material, end-user, installation, operation, and geography
- Competitive Landscape – 4 Key Company Profiles and 29 Other Prominent Vendors
APAC Windows and Doors Market: Geographic Analysis
China was known to be the largest windows and doors market in the APAC region and one of the largest manufacturers of steel and aluminium windows and doors in the world. The revival of the construction industry, shopping mall boom, significant number of hotel projects in pipeline during the coming years is expected to boost the momentum for new installations in the country. China is expected to achieve the goal of obtaining 50% of all its new urban buildings ‘green’ by the end of 2050 thereby, enhancing the need for energy efficient windows and doors. This poses huge opportunity for new windows and doors installations alongside with the booming renovation demand. In cities such as Shanghai, the consumers are highly aware of the sustainable building materials and they prefer low-e windows for better performance. The efforts by BAU China is also positively enforcing the new fenestration trends in the country.
What are the Approaches Adopted by the Players in the APAC Windows and Doors Market?
The uPVC windows and doors market is gaining high traction in APAC due to its high performance and low maintenance offered by the players. The windows and doors market players emphasis on developing weather-proof, lead-free, and long-lasting products. uPVC doors and windows are capable in preventing UV radiation entering the house or building, and most of the products uses high quality wool pile with the layer of sealing system to prevent dust and pollution entering the interiors. APAC market is witnessing high popularity for aluminium windows, as these windows durable and affordable. These aluminium windows are demanded for both residential and commercial projects. Windows and doors market players are also focusing on develop energy efficient products suitable for the climate changes in India.
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