Vinyl windows, which are essentially those composed of polyvinyl chloride (PVC), have a lifespan of 20 to 40 years due to the good insulation in the window frames. Due to the fact that they don't need painting or scraping, they are cost-effective. Moreover, comparing vinyl windows to wooden and metal ones, several performance advantages are available. When it comes to energy and thermal efficiency ratings, vinyl windows perform astonishingly well. They may easily lower the heating and cooling expenditures of a home or business while providing environmental advantages. Vinyl windows are resistant to termite or other insect infestation due to the polymer qualities of vinyl, which also make them resistant to decay, corrosion, blistering, flaking, and scorching.
In addition, the expansion of the construction sector due to increase in new construction and refurbishment of existing structures. The need for new building to meet residential, commercial, and commodities needs as well as commercialization and public finance in emerging countries is expected to drive the market growth. Due to its entirely recyclable nature, light weight, minimal maintenance requirements, and thermal insulation, vinyl is being used in new window and door profiles, which is projected to help sustain the demand for these systems.
Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive the market growth. For instance, in year 2020, European Commission has announced “Renovation Wave” initiative for public and private buildings, which has set an aim of substantially increasing the renovation rates across the EU and to provide a framework for renovation to support the green building. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors drive the vinyl windows market growth.
The market is segmented on the basis of type, application, end user, and region. On the basis of type, the market is divided into single and double-hung window, casement window, gliding window, picture window, other. On the basis of application, the market is divided into new construction and renovation & reconstructing. On the basis of end user, the market is divided into residential and non- residential. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the vinyl windows industry are A&B Glass Group, All Weather Windows, Alternative Windows, Anglian Home Improvement, Anderson Corporation, Chelsea Building Product Inc., Croft Llc, Crystal Windows Co., Harvey Building Products, International Windows Corporation, Intus Window, Pella Corporation, Paradigm Windows, Stanek Window and Softlite Windows & Doors.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vinyl windows market analysis from 2021 to 2031 to identify the prevailing vinyl windows market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vinyl windows market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global vinyl windows market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Single and Double-Hung Window
- Casement Window
- Gliding Window
- Picture Window
- Others
By Application
- New Construction
- Renovation and Reconstruction
By End User
- Residential
- Non-Residential
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- A&B Glass Group
- Acadia Windows & Doors
- ABC Windows
- All Weather Windows
- Alternative Windows
- Anglian Home Improvements
- Anderson Corporation
- Chelsea Building Products Inc.
- Croft LLC
- Crystal Windows Co.
- Harvey Buildings Products
- International Window Corporation
- Intus Windows
- Pella Corporation
- Paradigm Windows
- Stanek Windows
- SoftLite Windows & Doors
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Table of Contents
Executive Summary
According to the report, titled, “Vinyl Windows Market," the vinyl windows market size was valued at $26.54 billion in 2021, and is estimated to reach $41.41 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.Vinyl Windows are windows made out of a plastic material, PVC (Polyvinyl Chloride). Adoption of vinyl windows and patio doors will continue to expand as builders and homeowners increasingly recognize the benefits of vinyl’s low cost, energy efficiency, and minimal maintenance requirements. Moreover, vinyl windows are cheaper and will help drive sales of vinyl windows.
One of the primary factors driving the growth of the vinyl windows market is the global expansion of the residential construction and renovation sector. The rise in demand for lightweight vinyl windows in the residential construction industry for the purpose of insulation, as well as the increased adoption of these panels because they offer features such as lowering thickness, high insulation, and super sealing, all of which are important in building structures, is propelling the market forward. Government of various countries are investing in residential sector due to rise in population and for better living standards. For instance, in December 2019, new residential construction targets were introduced by the German government. Several incentive schemes for efficient residential buildings and refurbishment were updated and relaunched at the beginning of 2020 to help meet these goals. Hence, due to rise in population, these investments in construction sector will increase the utilization of vinyl windows. All such factors are providing lucrative opportunities in vinyl windows market forecast period.
However, during the COVID-19 pandemic, various manufacturers in the market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of window companies. In addition, lack of manpower and raw materials also constricted supply of equipment of vinyl window system, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to the re-opening of vinyl window companies.
Asia-Pacific has dominated the vinyl windows market share in terms of revenue in 2021, due to growth in the residential sector owing to rising population and income level. Moreover, rise in renovation activities in the developing countries, as well as an increase in the construction of buildings, will provide a wide range of opportunities for the self-adhesive vinyl films to be used for windows, ceilings, walls, kitchen and many such interior spaces which boost the Asia-Pacific vinyl windows market growth.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global vinyl windows market trends and dynamics.
- Depending on the type, the casement window segment has dominated the vinyl windows market, in terms of revenue in 2021 and gliding window is projected to grow at a significant CAGR during the forecast period.
- By application, the new construction segment has registered the highest revenue in 2021.
- Asia-Pacific is projected to register the highest growth rate in the coming years.
- The key players within the global vinyl windows market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the vinyl windows industry.
- The report provides an extensive analysis of the current vinyl windows market opportunities.
- In-depth global vinyl windows market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- A&B Glass Group
- Acadia Windows & Doors
- Abc Windows
- All Weather Windows
- Alternative Windows
- Anglian Home Improvements
- Anderson Corporation
- Chelsea Building Products Inc.
- Croft LLC
- Crystal Windows Co.
- Harvey Buildings Products
- International Window Corporation
- Intus Windows
- Pella Corporation
- Paradigm Windows
- Stanek Windows
- Softlite Windows & Doors
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 26535.3 million |
Forecasted Market Value ( USD | $ 41405.3 million |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |