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Australia Doors & Windows Market is anticipated to witness a steady CAGR in the forecast period, 2024-2028. Remodelling activities are increasing as consumer disposable income and thermal comfort demand rise. Efforts to reduce emissions from buildings stimulate the use of energy-efficient building materials, as floor space area and energy consumption are expected to rise over the next 10 years. By 2027, Australia's Doors & Windows Market will account for more than 40% of Asia Pacific revenue. In Australia, the need to minimize harmful greenhouse gas emissions, as well as growing energy prices, has increased the importance of enhancing energy efficiency in homes as well as companies. During the winter, about 40% of the heat is lost, which may be reduced by using uPVC to replace older windows, reducing greenhouse gas emissions by more than one tonne each year.Speak directly to the analyst to clarify any post sales queries you may have.
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According to estimates issued by the Australian Bureau of Statistics (ABS), Australia's GDP increased by 0.5% in seasonally adjusted chain volume terms in December quarter 2022 and by 2.7% overall. As economic growth of Australia gaining traction the market for doors and windows is expected to grow further from 2018-2028. This is due to the fact that huge number of doors and windows are required in residential and commercial sector.
Australia was the leading importer of aluminium doors, accounting for around 81% of total imports in 2021. The market players are more focused towards nation’s upcoming construction projects and investment. Hence, Australia doors & windows market is expected to register a high CAGR in the forecast period.
Increasing construction projects & industrialization in the country are the factors fuelling the market growth
The rise in construction activities across the country is likely to boost the expansion of the Australia Doors & Windows Market. Nowadays, doors and windows are being employed in residential and commercial constructions. High industrialization and urbanization lead to rapid economic development, which enhances demand in the nation's market. Subsequently, rapid urbanization results in greater government and consumer spending on residential and infrastructure construction, which significantly increases market growth. For instance, federal, state, and territory construction ministers have decided on a series of far-reaching national changes that will ensure that new houses in Australia are more pleasant, liveable, accessible, and energy efficient.Now a days, many new construction projects in the nation have started due to which demand for doors & windows is gaining traction. For instance, latest ongoing project entails the development of two mixed-use towers on a 7,000m2 site, including a 58-story mixed-use tower and a 21-story commercial tower on Lot 5 and 6 at Elizabeth Quay in Perth, Western Australia. Construction began in Q3 2021 and is projected to be finished in Q4 2025. The project intends to create mixed-use facilities in the region, including residential, commercial, retail, and office space.
Government Initiatives Driving the Market Growth
Developing trends that have a direct influence on the dynamics of the doors and windows sector include the increased usage of impact-resistant doors and windows, as well as energy-efficient doors & windows. Additionally, on October 1, 2023, the new contemporary housing provisions for energy efficiency, condensation, and livable (access) housing will become necessary. Due to this the market is expected to grow with a high CAGR in the forecast period.Growing Housing Affordability and Expanding Residential Sector in Australia
The residential housing market has changed dramatically during the last several decades. The dream of house ownership has become increasingly difficult for many individuals in the country, particularly those who desire to live in metropolitan areas. Nowadays, housing affordability impacts practically every Australian and has been addressed in numerous governmental policy debates.Economic restrictions and changing lifestyles have influenced household purchasing and renting behaviors in Australia, resulting in an increase in the residential sector. According to the most recent census information, housing loan owners accounted for the majority of household occupancy in Australia. Except for moments of economic uncertainty, the country's yearly rise in residential housing prices has remained strong. The average value of homes in major Australian cities has continued to rise. Owing to which market is expected to grow with a high CAGR in the forecast period.
Adoption of technological advancement (Smart Doors & Windows)
Technical innovation by market players, such as the production of eco-friendly doors and windows and smart doors, may further boost the industry's expansion. Smart glass, which can automatically shade or lighten itself, has a lot of potential in the market. Smart windows with sensors that adapt to changes in temperature, solar angle, have enormous potential in the future. Furthermore, these glasses can aid in security breaches and architectural elements.
There are an increasing number of ‘smart' window systems on the market, ranging from simple security sensors to fully integrated systems. They range from simple sensors that can be placed to doors and windows and will warn people if they are opened to more complex platforms that will trigger an alarm if user leaves the house without shutting windows or locking doors. At the top of the tree are automated locking systems, which allow users to remotely lock and open doors and windows using proximity sensor technology, similar to keyless entry on a car using a key and even face recognition technology. Owing to above mentioned technological advancement, the market is anticipated to grow with a high CAGR in the forecast period.
Market Segments
The Australia Doors & Windows Market is segmented into Product type, Material type, End User, Distribution Channel, Region and Competitive Landscape. By Product type, the market is bifurcated into Doors & Windows. Based on Material type, the market is segmented into uPVC, Wood, Aluminum, Glass, Others. Based on End User, the market is categorized into Residential, Commercial, Public, Industrial. The Distribution Channel segment is categorized into Direct & Indirect. Based on region the market is segmented into New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, Northern Territory.Market Players
Main market players in the Australia doors & windows market are JELD-WEN Australasia, Schuster Windows & Doors, Anderson Corporation Pty Ltd, Streamline Windows, ARCHITECH WINDOWS, Southern Star Group, Wideline Windows & Doors, Pro-technology pty. Ltd., Rylock Windows & Doors, Paarhammer Windows and Doors.Report Scope:
In this report, the Australia Doors & Windows Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:Australia Doors & Windows Market, By Product Type:
- Doors
- Windows
Australia Doors & Windows Market, By Material Type:
- uPVC
- Wood
- Aluminum
- Glass
- Others
Australia Doors & Windows Market, By End User:
- Residential
- Commercial
- Public
- Industrial
Australia Doors & Windows Market, By Distribution Channel:
- Direct
- Indirect
Australia Doors & Windows Market, By Region:
- New South Wales
- Victoria
- Queensland
- Western Australia
- South Australia
- Tasmania
- Northern Territory
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Australia Doors & Windows Market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.This product will be delivered within 1-3 business days.
Table of Contents
1. Product Overview
2. Research Methodology
6. Australia Doors & Windows Market Outlook
7. New South Doors & Windows Market Outlook
8. Victoria Doors & Windows Market Outlook
9. Queensland Doors & Windows Market Outlook
10. Western Australia Doors & Windows Market Outlook
11. South Australia Doors & Windows Market Outlook
12. Tasmania Doors & Windows Market Outlook
13. Northern Territory Doors & Windows Market Outlook
14. Market Dynamics
16. Competitive Landscape
Companies Mentioned
- JELD-WEN Australasia
- Schuster Windows & Doors
- Anderson Corporation Pty Ltd.
- Streamline Windows
- ARCHITECH WINDOWS
- Southern Star Group
- Wideline Windows & Doors
- Pro-Technology Pty. Ltd.
- Rylock Windows & Doors
- Paarhammer Windows and Doors
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 84 |
Published | October 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 6.26 Billion |
Forecasted Market Value ( USD | $ 8.9 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Australia |
No. of Companies Mentioned | 10 |