Meticulous Research®, a renowned global market research firm, has released a new report titled, ‘Windows Market by Material (Wood, Wood-Clad, Metal, Plastic, Fiberglass), Frame Type (Slider, Casement, Awning, Hopper, Fixed, Single-Hung, Double-Hung, Glass Block), and Geography—Global Forecasts to 2029.’

According to the latest data from Meticulous Research®, the global windows market is projected to reach a market value of $52 billion by 2029, with a compound annual growth rate (CAGR) of 9% over the forecast period from 2022 to 2029. In terms of volume, the market is expected to reach 307.8 million units by 2029, with a CAGR of 9.7% during this period.

The market's growth is attributed to the rapid expansion of the construction sector, the increasing popularity of smart homes, and the growing demand for single-hung windows. Additionally, the rise in urbanization in developing countries and the demand for windows in renovation projects are expected to provide significant growth opportunities. However, fluctuating raw material prices pose a challenge to market growth. A notable trend observed in the market is the increasing consumer preference for larger windows.

The windows market is segmented by material and frame type, and the report provides a detailed analysis of industry competitors, along with market insights at regional and national levels.

The market is segmented by material into wood, wood-clad, metal, plastic, and fiberglass. The plastic segment is expected to capture the largest share of the market by value in 2022, driven by the expansion of the construction industry and the growing demand for features such as automated ventilation, temperature regulation, and security enhancements. However, the fiberglass segment is expected to grow at the highest CAGR during the forecast period, due to the increasing adoption of green building practices aimed at reducing the carbon footprint of buildings.

The market is further segmented by frame type into slider windows, casement windows, awning windows, hopper windows, fixed windows, single-hung windows, double-hung windows, and glass block windows. The single-hung windows segment is expected to dominate the market in 2022, largely due to the growing demand for these windows and the robust growth of the construction industry. On the other hand, the awning windows segment is projected to experience the highest growth during the forecast period, owing to its advantages in ventilation, cost-effectiveness, and energy efficiency.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of the global windows market in 2022, followed by Europe and North America. The region is also expected to witness the fastest growth during the forecast period, driven by increased construction activity in countries like South Korea and Indonesia, the presence of key industry players, and the rising demand for secure living environments.

Key Players:

The key players operating in the windows market are JELD-WEN Holdings, Inc. (U.S.), Andersen Corporation (U.S.), Atrium Corporation (U.S.), LIXIL Corporation (Japan), Marvin Lumber and Cedar Co (U.S.), MI Windows & Doors, LLC (U.S.), Masco Corporation (U.S.), Pella Corporation (U.S.), Weru GmbH (Germany), BG Legno Srl (Italy), SGM Window Manufacturing Limited (U.K.), Vinylguard Window & Door Systems Ltd. (Canada), Deceuninck NV (Belgium), Neuffer Window + Door GmbH (Germany), and Duo-Corp. (U.S.).

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Key questions answered in the report-

• Which are the high-growth market segments based on material, frame type, and geography?
• What was the historical market for windows?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, and opportunities in the windows market?
• Who are the major players, and what shares do they hold in the windows market?
• How is the competitive landscape in the windows market?
• What are the recent developments in the windows market?
• What are the different strategies adopted by the major players in the windows market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global windows market, and how do they compete with the other players?

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