UPVC Doors & Windows Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (UPVC Doors and UPVC Windows), By End User (Residential, Commercial, Industrial and Construction, and Others), By Distribution Channel (Offline Stores and Online Stores) By Region, Competition 2018-2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUPVC Doors & Windows Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (UPVC Doors and UPVC Windows), By End User (Residential, Commercial, Industrial and Construction, and Others), By Distribution Channel (Offline Stores and Online Stores) By Region, Competition 2018-2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 44.17 Billion |
| CAGR (2023-2028) | 7.12 % |
| Fastest Growing Segment | Industrial |
| Largest Market | Asia Pacific |
Market Overview
Global UPVC Doors & Windows Market
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 uPVC doors & windows are use in infrastructure development, due to which market of India 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.
According to Savills India, data center real estate demand is predicted to expand by 15-18 million square feet by 2025.
Government Initiatives Towards Smart City Program
Additionally, the Government of India launched a programme in 2015 to build 100 smart cities by FY 2024-2032. 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 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.
Segmental Insights
End user Insights
Globally Countries has seen tremendous growth in the industrial and real estate sectors over the last 15 years. 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.
Regional Insights
The Asia Pacific region has established itself as the leader in the Global UPVC Doors & Windows Market with a significant revenue share in 2022
Recent Developments
- Accordingto ICRA forecasts, Indian enterprises would finance more than Rs. 3.5 trillion(USD 48 billion) through infrastructure and real estate investment trusts in2022, compared to USD 29 billion raised to yet.
- Blackstone,a private market investor that has made major investments in the Indian realestate sector (to the tune of Rs. 3.8 lakh crore (USD 50 billion) is looking tospend an additional Rs. 1.7 lakh crore (USD 22 billion) by 2030.
- February2019 - NCL VEKA, a 5050 JV between city-based NCL Group and the German UPVC profilemaker VEKA AG, commissioned the country's largest UPVC profile extrusionfactory in Hyderabad.
- In2024-2032, Indian real estate received USD 5 billion in institutional investors,accounting for 93% of deals reported the previous year. In Q4 FY21, the realestate market attracted private equity investments of Rs. 23,946 crore (USD 3,241million) across 19 transactions.
- DuringApril 2000 to September 2022, Investment in the industry (includingconstruction development and operations) totaled USD 55.18 billion.
- uPVCwindows and doors industry in India and has been instrumental in establishingthe footprints of profine GmbH, one of the world's leading manufacturers ofuPVC profiles for windows and doors, by forming an Indian subsidiary andestablishing 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 & DoorSystems
| By Product Type | By End User | By Distribution Channel | By Region |
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