According to the latest publication by Meticulous Research®, the global Windows Market is poised to experience significant growth, projected to reach $52 billion by 2029, with a compound annual growth rate (CAGR) of 9% during the forecast period from 2022 to 2029. In terms of volume, the market is expected to expand to 307.8 million units by 2029, reflecting a CAGR of 9.7%. The rapid expansion of the construction industry, an increasing preference for smart homes, and a growing demand for single-hung windows are key factors driving this growth. Additionally, urbanization in emerging economies and the rising demand for windows in renovation projects present lucrative opportunities for market participants. However, challenges such as fluctuating raw material prices and shifting customer preferences toward larger windows may impact the market’s trajectory. Notably, the trend toward larger window installations continues to shape the global market.
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The windows market is classified based on material and frame type, and this segmentation provides insights into the various segments contributing to the overall market growth. The report also evaluates the competitive landscape, offering analysis at regional and country levels.
Material Segmentation
The market is broadly divided into materials such as wood, wood-clad, metal, plastic, and fiberglass. Among these, the plastic segment is expected to hold the largest share of the global windows market in 2022, driven by increased construction activities and growing demand for features like automated ventilation, heat regulation, and burglary protection in homes. However, the fiberglass segment is anticipated to register the highest CAGR during the forecast period, largely due to the growing adoption of green building practices that reduce carbon footprints.
Frame Type Segmentation
The market for windows is further segmented based on frame types, including slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. In 2022, the single-hung windows segment is expected to dominate the market due to the increased demand for these windows and the continued growth in the construction industry. However, the awning windows segment is forecast to register the highest CAGR, driven by its benefits such as improved ventilation, cost-effectiveness, and energy efficiency.
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Regional Insights
Geographically, the windows market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global windows market, followed by Europe and North America. The growth in the Asia-Pacific region is driven by rising construction activities in countries like South Korea and Indonesia, the presence of key market players, and the increasing demand for secure living environments.
Major Market Players
Key players in the windows market include JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co. (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).
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