USD 1.7 billion
Report ID:
SQMIG15F2176 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
71
Composite Doors and Windows Market size was valued at USD 1.76 Billion in 2023 and is poised to grow from USD 1.82 Billion in 2024 to USD 2.42 Billion by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).
Doors and windows made from composite materials are known as composite doors and windows. These types of doors and windows are gaining massive popularity across the world owing to their high durability and low cost as compared to traditional alternatives. The rapidly expanding construction industry and growing demand for lightweight materials are also contributing to the rising sales of composite doors and windows. High resistance to chemicals, water, and all types of harsh environmental conditions is promoting the demand for composite doors and windows. Moreover, doors and windows made from composite materials provide superior heat and electrical insulation as compared to products made from wood or metals. High investments in infrastructure development around the world are also favoring composite doors and windows market growth.
Increasing number of people undertaking renovation of their homes and growing popularity of DIY construction are estimated to bolster sales of composite doors and windows over the coming years. However, the availability of cheap alternatives and high costs of composite doors and windows are estimated to slow down composite doors and windows market development in the long run.
Global Market Size
USD 1.7 billion
Largest Segment
Fiber-reinforced Plastics
Fastest Growth
Wood-Plastic Composites
Growth Rate
3.6% CAGR
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The global composite doors and windows market is segmented based on material, application, and region. Based on material, the market is bifurcated into fiber-reinforced plastics and wood-plastic composites. In terms of application, the market is segmented into industrial, commercial, and residential areas. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
Fiber-reinforced plastics are projected to account for a sizeable share of the global composite doors and windows market. Increasing awareness regarding the durability and high corrosion resistance of windows and doors made from fiber-reinforced plastics (FRP) allows this segment to account for a dominant share of the global marketplace. The high availability of a wide variety of FRP windows and doors that are cost-effective, functional, and aesthetically appealing also allows this segment to maintain its prominence.
Meanwhile, the demand for doors and windows made from wood-plastic composites is also estimated to rise at a good pace over the coming years. The clean look of wood finishes along with the benefits of plastic composites such as excellent water, heat, and electrical resistance is what allows this segment to grow at a notable CAGR across the forecast period. Windows and doors made from wood-plastic composites are slated to be popular in residential applications.
Analysis by Application
Industrial applications are projected to account for a prominent chunk of the global composite doors and windows demand. Growing demand for durable and cost-effective doors and windows that can withstand harsh industrial conditions is promoting growth in this segment. The increasing availability of industrial-grade composite doors and windows and the rising focus on safety in different industrial structures are also allowing this segment to hold sway over the global marketplace.
Meanwhile, demand for composite doors and windows in residential as well as commercial applications is slated to increase at a notable pace over the coming years. The growing incorporation of composite materials in the construction of residential and commercial structures coupled with increasing residential construction activity is also driving composite doors and windows sales.
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Asia Pacific dominates the global demand for composite doors and windows at present. The high market share of this region can be directly ascribed to rapid urbanization and industrialization in this region. India, China, Japan, South Korea, and Indonesia are estimated to be the top countries where demand for composite doors and windows is slated to soar high going forward. The high focus of governments in this region on infrastructure development is leading to increased construction activity and pushing composite doors and windows sales as well.
North America also accounts for a notable share of the global composite doors and windows marketplace. Increasing demand for residential housing in this region is slated to push composite doors and windows sales across the forecast period. The high spending potential of consumers and issues of the housing crisis is estimated to drive market growth in the United States. Meanwhile, the growing immigrant population in Canada is also estimated to favor composite doors and windows market growth in this region.
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Drivers
Rising Incorporation of Composites in Construction Industry
Low Maintenance & High Durability
Restraints
Availability of Low-grade Alternatives
High Production Costs
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Composite doors and window suppliers should focus on increasing awareness regarding the benefits of their products to increase their sales. Companies can also focus on strategies such as mergers, collaborations, acquisitions, and partnerships to enhance their global market presence. The launch of new doors and windows made with unique composite materials will also be crucial for composite doors and windows market players around the world. New companies can penetrate the market by coming up with innovative yet creative composite doors and windows that are suited to evolving consumer preferences around the world. Market players should also invest in research and development to come up with unique materials that are also sustainable to attract eco-conscious consumers.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, a robust increase in construction activity around the world is primarily driving sales of composite doors and windows. Increasing awareness regarding the benefits of composite doors and windows coupled with high investments in infrastructure development by public and private sectors are also estimated to favor composite doors and windows market growth over the coming years. However, the availability of low-grade and low-cost alternatives is forecasted to impede composite doors and windows demand in the long run. Rapid industrialization and urbanization are slated to be the top factors allowing Asia Pacific to emerge as a dominant regional market for composite doors and windows. Design innovation of composite doors and windows is projected to be a key area of focus for established as well as new companies in the marketplace.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.76 Billion |
Market size value in 2032 | USD 2.42 Billion |
Growth Rate | 3.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Composite Doors and Windows Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Composite Doors and Windows Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Composite Doors and Windows Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Composite Doors and Windows Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2176
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