Southeast Asia UPVC Windows and Doors Market Size, Share, Trends, Demand, Growth and Competitive Analysis
MarkNtel Advisors recently published a detailed industry analysis of the Southeast Asia UPVC Windows and Doors Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Southeast Asia UPVC Windows and Doors Market (2023-2028)
The Southeast Asia UPVC Windows and Doors Market is estimated to grow at a CAGR of around 5.65% during the forecast period, i.e., 2023-28.
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What is driving the Southeast Asia UPVC Windows and Doors Market?
Increasing Investment in Tourism & Hospitality Sector to Escalate Market Growth: Southeast Asia region’s economy majorly depends upon agriculture, trade, and tourism industry for revenue generation. According to the Organisation for Economic Co-operation and Development (OECD), travel and tourism industry contributed nearly 11.7% of GDP to the Southeast Asian economy and provided about 13.2% of total employment. Over the years, the region’s tourism industry emerged due to its landscapes, and affordable tourism options. In addition, countries such as, Thailand, Indonesia, Vietnam, etc., in this region majorly depend on tourism for revenue generation as their other sectors are not much developed. Consequently, the governments of these countries are actively working to expand their tourism sectors, aiming to amplify the sector's contribution to their respective GDPs. For instance,
· In 2022, the sectors contribution to regional GDP was reported around 10% in Vietnam, Singapore, and Malaysia and 20-25% in Thailand, Cambodia, and the Philippines as per the Asian Development Bank.
Thus, growth of the tourism sector resulted in the increasing construction of hotels, resorts, restaurants, and other commercial facilities in the region since the historical years. With the increase in commercial construction due to the soaring tourism industry, the region has been witnessing a higher demand for UPVC windows and doors too, as they offer durability, low maintenance requirements, and provide good thermal insulation properties, unlike traditional materials.
What segments define the Southeast Asia UPVC Windows and Doors market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product Type
(UPVC Windows, (Casement Window, Sliding Window, Bay Window, Others (Fixed, Tilt and Turn, etc.)), UPVC Door, (Slide & Floor Door, Casement Door, Lift & Sliding Door, Others (French, Sliding, etc.)),
By End User
(Residential, Commercial, Industrial),
By Demand Type,
(New Installation, Repair & Replacement),
By Country
(Indonesia, Vietnam, Malaysia, Singapore, Thailand, The Philippines, Rest of Southeast Asia)
Explore the Complete Southeast Asia UPVC Windows and Doors Market Analysis Report – https://www.marknteladvisors.com/research-library/sea-upvc-windows-and-doors-market.html
Who are the leading key players shaping the Southeast Asia UPVC Windows and Doors Market landscape?
VEKA Group, Aluplast, Kinbon (Uber & Konstrukt), Fascina Pte Ltd., Perfect Window Systems Pte Ltd, Sapphire Windows Pte Ltd, Europvc, Vignet uPVC windows and Doors, DeKu German Window (Thailand), Fenestram Corporation and Others.
Questions Addressed in this Study
1.What factors are driving the Southeast Asia UPVC Windows and Doors Market growth?
2.How is the Southeast Asia UPVC Windows and Doors Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Southeast Asia UPVC Windows and Doors Market?
4.What is the current size of the Southeast Asia UPVC Windows and Doors Market, and how is it projected to change in the future?
6.What is the future outlook for the Southeast Asia UPVC Windows and Doors Market in terms of technological advancements and market expansion?
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