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Window and door frame market to procure substantial returns from residential sector up to 2024

Author : Rahul Varpe | Published Date : 2019-05-17 

Global Window and door frame Market Report offered by Global Market Insights gives a market overview of the Window and door industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2024.

The Residential Window And Door Frame Market is anticipated to exhibit approximately 5% growth in the forecast timespan. This is largely attributed to the development of smart cities and advanced infrastructures in countries such as Singapore and India. Features such as low maintenance and high durability of steel frames, have led to high adoption rates in residential sectors. Increasing rate of remodeling and replacement will also contribute to the growth in residential applications.

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Window and Door Frame Market is anticipated to surpass USD 130 billion by 2024. A key factor contributing towards the high adoption of window and door frame market is the increasing focus on eco-friendly, recyclable products such as uPVC. The material is lightweight, corrosion-resistant and highly durable as compared to its wooden and aluminum counterparts. In tropical countries, the usage of wooden materials can result in trapping heat inside the commercial and residential building, leading to higher energy consumptions of cooling technologies. Owing to this the government in various economies, such as China, has initiated stringent regulations to minimize the usage of wooden products.

The dilapidating and old building structure pose a health and safety risk to the occupants. The buildings can develop fault lines and structural damage over time that can cause large walls and ceilings to collapse. As a result, the existing structure requires renovations at regular intervals of time fueling demand for the window and door frame market.

Rapid industrialization and global economic growth is fueling the construction of new buildings and facilitating the growth of the window and door frame market. Several government bodies are funding the development of smart residential and commercial structures.

Commercial consumers operating in sectors such as retail outlets and healthcare facilities demand such products that have electronic components encased into the material. For instance, automatic doors in retail stores are fitted with sensor technology to monitor human movement. Furthermore, government facilities have automated locking technologies installed in the door and window frame to ensure that intruders do not have access into certain locations. Additionally, automatic doors are increasingly penetrating the residential market as they allow the geriatric and the mobility impaired population ease of access without compromising on security driving window and door frame market.

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Rapid industrialization in Asia Pacific is a major factor contributing to high growth of the window and door frame market. There is a high requirement for durable structure that can withstand long-term usage and provide features such as noise absorption.

Players operating in the global window and door frame market include Croft, LLC, Chelsea Building Products, Deceuninck NV, Pella Corporation, Drew Industries Incorporated, Fortune Brands Home & Security, Royal Group Technologies, Soft-Lite LLC, Corialis Group, Masco Corporation, etc. The industry is characterized by a large number of mergers and acquisitions undertaken by the existing players to sustain market growth. For instance, in July 2016, Pella Corporation acquired Reilly Windows & Doors. This acquisition will benefit Pella to enhance its luxury portfolio with integration of Reilly to serve builders and architects better.

Related News - https://www.marketwatch.com/press-release/industrial-pumps-market-regional-trend-growth-projections-by-2019-2025-2019-05-17

https://www.marketwatch.com/press-release/portable-air-compressor-market-regional-trend-growth-projections-by-2019-2024-2019-05-17

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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