Growth Opportunities in the Global Aluminum Door and Window Market
According to a new market report published by Lucintel, the future of the global aluminum door andwindow market looks promising, with opportunities in the growth of the residential and commercialconstruction industry. The global aluminum door and window market is estimated to reach $72.1billion by 2021 and is forecast to grow at a CAGR of 5.1% from 2016 to 2021. The major drivers ofgrowth for this market are increasing new construction and renovation activities.
In this market, residential and commercial are the market segments by end use type. Commercialconstruction segment is the major segment by end use of the global aluminum door and windowmarket, as the acceptance of aluminum in commercial building is increasing. On the basis of itscomprehensive research, Lucintel forecasts that the commercial segment is expected to showabove average growth rate due increasing urbanization and commercialization during the forecastperiod.
Within the global aluminum door and window market, the aluminum window segment is expectedto remain the largest market. Increasing construction activities and aesthetic appeal of aluminumdoor and window products are projected to augment the demand for the aluminum door and windowmarket. These major factors would spur growth for this segment over the forecast period.
For business expansion, Lucintel’s report suggests innovation and new product development toease the installation process and provide variety of designs to the customer. Emerging trends,which have a direct impact on the dynamics of the industry, include the introduction of impactwindows and doors, energy efficiency in aluminum doors and windows, replacement of wood byeco-friendly aluminum, and introduction of fully reversible windows. YKK AP, Ply Gem HoldingsInc., PGT, Inc., Apogee Enterprises, Inc., and Fletcher Building are the major aluminum door andwindow suppliers in the global aluminum door and window market.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following: