Commercial Window & Door Market to hit USD 30 billion during forecast period

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Windows Doors Market share to grow at 5.6 CAGR
from 2016 to 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Windows Doors Market

• Large spending on construction renovation
  activities is expected to boost window and door
  market size over the coming years. According to
  Global Market Insights, Inc., Window and Door
  industry size worth USD 82 billion in 2015, is
  projected to reach USD 137 billion by 2024,
  recording a CAGR of 5.6 over 2016-2024. High
  demand for repairing activities and raw materials
  across residential as well as commercial sectors
  is expected to boost the industry trends over the
  next few years. Growing use of eco-friendly and
  fully recyclable products such as uPVC in new
  residential buildings is further expected to
  drive the market growth in near future.
• Window and door find wide application in
  residential and commercial sectors. Window and
  door market share in commercial sector worth USD
  30 billion in 2015, is projected to grow at a
  rate of 6.5 over 2016-2024. Its application in
  residential sector worth USD 45 billion in 2015,
  is expected to witness a substantial growth over
  the coming years. The growth can be credited to
  rising awareness about energy conservation along
  with the fulfillment of strict government
  compliance regarding environmental protection and
  eco-friendly measures.

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Continued

• Major window and door materials include uPVC,
  metal, and wood. uPVC window and door market
  price worth USD 27.5 billion in 2015, and is
  expected to reach USD 47 billion by 2024 as uPVC
  is the most preferred material owing to its
  lightweight, low maintenance costs, and
  recyclability. It also offers a high level of
  insulation against outside sounds as well as
  thermal insulation. Metal window and door market
  size is expected to record a CAGR of 5 over
  2016-2024. For instance, aluminum provides coated
  frame, which can be painted with the color that
  matches the consumer choice. Wood window and door
  market share, which accounted for 28 of the
  global revenue in 2015, is anticipated to
  register highest gains of 5.7 over 2016-2024.
  High heat resistance, aesthetic appeal, and easy
  timber availability are predicted to contribute
  towards the product demand over the next few
  years.
• Asia Pacific window and door market is expected
  to witness a substantial growth over the coming
  eight years. India, Thailand, Indonesia, and
  China are anticipated to contribute considerably
  towards the regional growth.

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China window and door market size, by
application, 2012-2024 (USD Billion)

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Continued

• Europe window and door market is anticipated to
  witness a high growth over 2016-2024 owing to
  strict government regulations promoting the
  application of energy efficient solutions and
  acoustic insulations which help in reducing
  carbon emissions. Furthermore, CEN has enacted
  new safety rules which include features such as
  air permeability and acoustic insulation. UK is
  predicted to drive the regional growth over the
  coming years and is expected to grow at a rate of
  4.5 over 2016-2024.
• North America window and door market is
  anticipated to witness a high growth over the
  coming eight years owing to high demand for
  repairing and improvement activities across
  commercial and residential sectors. U.S. market
  share worth USD 13.5 billion in 2015, is expected
  to record a CAGR of 6 over 2016-2024.
• Market players will try to enhance their global
  presence as well as product portfolio through
  mergers acquisitions, product innovation, and
  market penetration. Key industry players include
  Andersen Corporation, Eurocell Company, Pella
  Corporation, Reynaers Aluminum Company, Atrium,
  YKK Corporation, Masco Manufacturing Company,
  Schuco Company, Sapa Building Systems, and
  Corialis.

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