Window Frames Sector to Achieve $61.4 Billion Market Value by 2031

August 15, 2024

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Meticulous Research®, a prominent global market research firm, has released a new report titled “Window Frames Market by Material (Plastic, Metal, Fiberglass, Wood, Wood-clad), Type (Single-Hung, Double-Hung, Fixed, and Others), End User (Residential, Commercial, Others) – Global Forecast to 2031.”

This comprehensive study projects that the global window frames market will grow to $61.4 billion by 2031, reflecting a CAGR of 8.6% from 2024 to 2031. In terms of volume, the market is anticipated to reach 345.7 million units by 2031, with a CAGR of 8.9% during the forecast period.

This market expansion is fueled by the booming construction industry and accelerating urbanization, especially in developing countries. Additionally, the growing demand for window frames in renovation projects and the increasing preference for vinyl windows are expected to drive market opportunities. However, the high costs associated with eco-friendly materials and fluctuations in raw material prices present challenges to market growth.

The market is categorized based on material, type, and end-user, and the report offers a detailed analysis of key players and regional trends.

In the material segment, plastic, metal, fiberglass, wood, and wood-clad are the primary categories. The plastic segment is expected to dominate the market in 2024, thanks to its low maintenance requirements, durability, security, and excellent insulation properties. The fiberglass segment, however, is poised to grow at the highest CAGR due to its alignment with green building practices, resistance to warping and cracking, and superior energy efficiency.

Regarding window frame types, the market is segmented into single-hung, double-hung, slider, casement, fixed, awning, glass block, and hopper window frames. The single-hung window frames segment is projected to hold the largest market share in 2024, owing to their energy efficiency, durability, and affordability. The awning window frames segment, on the other hand, is expected to witness the fastest growth, driven by their ventilation benefits and design versatility.

The end-user segmentation includes residential, commercial, and industrial categories. The residential segment is anticipated to lead the market in 2024 due to increasing investments in housing and the growing need for privacy, aesthetics, and cross-ventilation in residential buildings. Meanwhile, the commercial segment is expected to experience the highest growth rate, supported by rising investments in commercial construction and the demand for energy-efficient and secure buildings.

Geographically, the market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest market share in 2024, driven by the region’s rapid urbanization, increasing infrastructure development, and the growing popularity of energy-efficient uPVC windows. The Asia-Pacific region is also expected to exhibit the highest CAGR during the forecast period.

Key Players:

The key players operating in the window frames market are Pella Corporation (U.S.), Andersen Corporation (U.S.), Milgard Manufacturing, LLC. (U.S.), Atrium Corporation (U.S.), MI Windows and Doors, LLC. (U.S.), JELD-WEN Holdings, Inc. (U.S.), Anglian Home Improvements (U.K.), Chelsea Building Products (U.S.), Crystal Window & Door Systems (U.S.), Deceuninck (Belgium), Eurocell (U.K.), Schuco International KG (Germany), LIXIL Corporation (Japan), Masco Corporation (U.S.), and BG Legno Srl (Italy).

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Key questions answered in the report-

Which are the high-growth market segments based on material, type, and end user?
What was the historical market for window frames?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, opportunities, and challenges in the window frames market?
Who are the major players, and what shares do they hold in the window frames market?
How is the competitive landscape in the window frames market?
What are the recent developments in the window frames market?
What are the different strategies adopted by the major players in the window frames market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global window frames market, and how do they compete with the other players?