Commercial UPVC Doors & Windows Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (UPVC Doors and UPVC Windows), By Distribution Channel (Offline Stores and Online Stores) By Region, Competition 2018-2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCommercial UPVC Doors & Windows Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (UPVC Doors and UPVC Windows), By Distribution Channel (Offline Stores and Online Stores) By Region, Competition 2018-2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 16.84 Billion |
| CAGR (2023-2028) | 6.21% |
| Fastest Growing Segment | UPVC Doors |
| Largest Market | Asia Pacific |
Market Overview
Global Commercial UPVC Doors & Windows Market has valued at USD 16.84 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.21% through 2028. The global uPVC (unplasticized polyvinyl chloride) doors and windows market refers to the industry that manufactures, sells, and distributes doors and windows made from uPVC material. uPVC is a type of plastic that is rigid and does not contain plasticizers, making it a suitable material for construction applications due to its durability, energy efficiency, and low maintenance requirements. uPVC doors and windows are commonly used in residential, commercial, and industrial buildings for their insulation properties, weather resistance, and aesthetic appeal. uPVC doors and windows are designed to withstand various environmental conditions, including extreme temperatures, moisture, and UV radiation. They offer several advantages over traditional materials like wood or aluminum, includingEnergy EfficiencyuPVC doors and windows have excellent insulation properties, helping to reduce heat transfer and maintain indoor temperatures, which can lead to energy savings. DurabilityuPVC is highly durable and resistant to corrosion, rotting, and warping, ensuring a longer lifespan compared to other materials. Low MaintenanceuPVC requires minimal maintenance as it does not require painting, staining, or sealing. It can be easily cleaned with water and mild soap. Weather ResistanceuPVC doors and windows can withstand harsh weather conditions, including rain, wind, and sunlight, without deteriorating. Sound InsulationuPVC has good soundproofing properties, helping to reduce outside noise and creating a quieter indoor environment. AestheticsuPVC doors and windows come in various styles, designs, and colors, allowing for customization to match the architectural aesthetics of different buildings.
Key Market Drivers
The present Indian window and door (all material) industry is worth roughly INR 14,000-15,000 crore (USD 1695.8- 1817 Million), with uPVC window and door profiles accounting for about 8-10% of the market.
Between April 2000 to September 2022, India's construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities reached USD 26.24 billion and USD 28.96 billion, respectively. Since, construction sector is growing rapidly in the future, hence huge number of Commercial UPVC Doors & Windows are use in infrastructure development, due to which market of India Commercial UPVC Doors & Windows is anticipated to grow with a high CAGR in the forecast period.
Smart City Construction in the Nation
Housing for Everyone by 2022."
Urbanization, smart city construction, changing lifestyles owing to the increasing middle-class population, and FDI in Indian firms are just a few of the causes driving the development of innovative building technologies and materials. One such construction material that has grown in popularity as a replacement for other traditional materials is UPVC (unplasticized polyvinyl chloride).
It prevents condensation, which also eliminates thermal bridging, and this material grade never flakes, fades, pits, peels, peels, rusts, or corrodes. The only thing it requires for maintenance is a check of the seal and a mild soapy wash. UPVC is cheap and has features like as excellent rigidity, aesthetic appearance, and flame retardancy. As the residue of vinyl chloride is limited, UPVC is FDA compliant and suited for transparent applications. It is also more chemical resistant than flexible PVC.
UPVC requires less maintenance and is an efficient material for manufacturing windows and doors. Due to the numerous advantages that uPVC provides, the industry has seen an increase in demand for UPVC windows and doors in recent years. UPVC windows and doors offer effective thermal insulation and contribute to energy conservation. Furthermore, with correctly built windows and installations, UPVC windows provide great sound insulation. Due to which market is expected to grow with the high CAGR in the forecast period.
Affordable Housing & Rising Real Estate Construction
Affordable housing is in scarce supply in India's rapidly growing cities. Now, the country is short 18 million homes, 15 million of which are needed for low-income households earning less than 16,000 Indian Rupees (USD 250) each month. The UPVC material is recyclable, offers UV protection, sound insulation, salinity resistance, and impact resistance, and has various additional commercial applications. Since unplasticized PVC does not include any extra additive material during manufacture, it needs less energy to produce. Hence, in India people are adopting uPVC doors and windows.
According to Savills India, data center real estate demand is predicted to expand by 15-18 million square feet by 2025. By 2023, organized retail real estate stock is predicted to rise by 28% to 82 million square feet. Demand for doors and windows has grown due to greater urbanization and rising household income. India is one of the top ten fastest-growing housing markets in the world. As a result, substantial residential unit construction is necessary to fulfil the housing sector's demand. The residential sector has enormous potential for UPVC door and window growth and adoption.
Government Initiatives Towards Smart City Program
Additionally, the Government of India launched a programme in 2015 to build 100 smart cities by FY 2020. Smart cities prioritise public safety, energy conservation, and environmental friendliness. Due to its high compliance in high-rise structures and aesthetic features, UPVC doors and windows are more likely to emerge as the preferred fenestration choice over conventional aluminum and timber equivalents. The federal government's announcement of 100 smart cities, expansion in infrastructure owing to massive investment by both governments in India, and an increase in FDI all indicate that the UPVC window and door industry could have additional chances and expand at a decent discount. Also, a few infrastructure development projects will be completed in these locations, which may offer further impetus to the sector between 2024 and 2028.
Key Market Challenges
Despite the positive growth trends, the UPVC doors and windows industry faces several challenges that impact its development and market dynamics. Competition from Other MaterialsWhile UPVC has gained popularity, it faces competition from other materials such as aluminum, wood, and composite options. Each material has its own set of advantages and disadvantages, leading to diverse consumer preferences based on factors like aesthetics, performance, and sustainability. Environmental ConcernsAlthough UPVC is durable and requires minimal maintenance, its production involves the use of chemicals and is not biodegradable. This raises concerns about its environmental impact and the responsible disposal of old UPVC products. Sustainable practices and innovations are required to address these concerns.
AestheticsDespite the availability of various design options, some consumers still prefer the natural elegance of wood or the modern sleekness of aluminum. Convincing these consumers about the benefits of UPVC's practicality and performance remains a challenge. Changing RegulationsRegulations related to construction materials, energy efficiency standards, and environmental impact can impact the UPVC market. Manufacturers need to stay abreast of evolving regulations to ensure their products remain compliant and competitive. In regions where UPVC products are already widely adopted, the market could become saturated. This saturation might lead to heightened competition among manufacturers, potentially resulting in price pressures and thinner profit margins. In certain markets, there might be a perception that UPVC is of lower quality compared to traditional materials like wood. Educating consumers about UPVC's benefits, including its durability, energy efficiency, and design versatility, is crucial for shifting these perceptions.
In conclusion, the global UPVC doors and windows market has witnessed remarkable growth due to its energy efficiency, durability, low maintenance, aesthetic adaptability, and cost-effectiveness. However, challenges including competition from other materials, environmental concerns, aesthetic preferences, changing regulations, market saturation, and perception issues pose hurdles for the industry's sustained progress. As the industry evolves, addressing these challenges will be essential to ensuring UPVC's continued relevance and success in the construction market.
Key Market Trends
Latest Innovation in Commercial UPVC Doors & Windows
Doors And Windows Market are now able to suggest world-class products, such as uPVC, to people searching for comfort and improved lives at low pricing. Casement (outward and inward open), tilt and turn, sliding, slide and fold, lift and slide, top hung, and other forms of uPVC windows and doors complement modern architecture in a unique way.
The growing popularity and demand for uPVC windows and doors has provided chances for several local and Chinese companies to enter this market. Since India is a price sensitive market, these corporations frequently compromise quality to increase profits, resulting in a negative image of the product.
Furthermore, when properly built and installed, uPVC windows provide excellent sound insulation. uPVC windows and doors are found at in a variety of forms and styles to match any modern architecture and may be installed in any type of structure, including villas, high-rise apartments, businesses, hotels, and hospitals. They are also found at in a variety of color options, which may add value to your home's interiors/exteriors. Interestingly, people don't have to be concerned about the durability, uPVC compound qualities - window and door profiles are termite resistant and almost endure forever.
End user Insights
UPVC doors are more durable and weather-resistant than other types of doors, such as wood or aluminum. This makes them ideal for commercial applications, where they are exposed to harsh weather conditions. UPVC doors are also more energy-efficient than other types of doors. This can save businesses money on their energy bills. UPVC doors are relatively easy to maintain and clean. This makes them a low-maintenance option for businesses. Doors are found at in a wide variety of styles and colors. This allows businesses to choose doors that match the décor of their establishment.
Regional Insights
The Asia Pacific region has established itself as the leader in the Global Commercial UPVC Doors & Windows Market with a significant revenue share in 2022
Recent Developments
- According to ICRA forecasts, Indian enterprises would finance more than Rs. 3.5 trillion (USD 48 billion) through infrastructure and real estate investment trusts in 2022, compared to USD 29 billion raised to yet.
- Blackstone, a private market investor that has made major investments in the Indian real estate sector (to the tune of Rs. 3.8 lakh crore (USD 50 billion) is looking to spend an additional Rs. 1.7 lakh crore (USD 22 billion) by 2030.
- February 2019 - NCL VEKA, a 5050 JV between city-based NCL Group and the German UPVC profile maker VEKA AG, commissioned the country's largest UPVC profile extrusion factory in Hyderabad.
- In 2020, Indian real estate received USD 5 billion in institutional investors, accounting for 93% of deals reported the previous year. In Q4 FY21, the real estate market attracted private equity investments of Rs. 23,946 crore (USD 3,241 million) across 19 transactions.
- During April 2000 to September 2022, Investment in the industry (including construction development and operations) totaled USD 55.18 billion.
- uPVC windows and doors industry in India and has been instrumental in establishing the footprints of profine GmbH, one of the world's leading manufacturers of uPVC profiles for windows and doors, by forming an Indian subsidiary and establishing a local state-of-the-art extrusion facility in Vadodara, Gujarat..
Key Market Players
- VEKA Group
- Deceuninck NV
- Profine Group
- REHAU
- Jeld-Wen
- LG Hausys
- Aluplast
- Pella Corporation
- Corialis Group
- Crystal Window & Door Systems
Report Scope
In this report, the Global Commercial UPVC Doors & Windows Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Global Commercial UPVC Doors & Windows Market, By Product Type
- Global Commercial UPVC Doors & Windows Market, By Distribution Channel
- Global Commercial UPVC Doors & Windows Market, By Region
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Competitive Landscape
Company Profiles
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