DUBLIN--(BUSINESS WIRE)--The "Doors & Windows Market in North America - Industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The North America Doors & Windows Market was valued at USD 64.08 billion in 2023, and is expected to reach USD 83.22 billion by 2029, rising at a CAGR of 4.45%.
The North America doors and windows market is continuously growing with the presence of many manufacturers across the region. The market demand is growing with changing customer demand for reconstruction and renovation activities.
The key players in the North America doors and windows market are Andersen Windows and Doors, Cornerstone Building Brands, JELD-WEN, and Pella. Vendors in the region are focusing on developing energy-efficient buildings that improve thermal efficiency and save energy costs. Vendors are integrating high-efficiency doors and windows in their product portfolio, enabling consumers to improve their dwellings' thermal efficiency and thereby save on energy expenses, resulting in innovations and investments in the industry to incline toward. The double and triple glazing on windows and improved insulating capabilities of internal and external doors are seen to gain popularity during the forecast period.
Technological Developments in Doors & Windows
The trend toward smart doors and windows is gaining momentum as more homeowners and building owners seek to incorporate technology into their properties. Integrating home and building automation systems enables control through apps or voice commands. These smart designs often include advanced security features like facial recognition and remote monitoring, offering convenience and safety. Additionally, by automating the opening and closing of windows and doors, smart technology can help maintain optimal indoor temperatures, potentially reducing energy costs. Marvin, one of the leading vendors in the North America doors and windows market, provides smart solutions for connected homes.
Furthermore, equipped with IoT technology, smart windows can adjust their tint or opacity based on environmental factors such as sunlight and temperature, ensuring comfort and energy conservation. Similarly, smart doors enhance security with remote access control, significantly improving the safety and accessibility of both residential and commercial buildings. This innovative window and door design approach enhances user experience and promotes a more efficient and secure living environment.
Surge in Home Improvement Activities in the United States
The home improvement industry is growing in the United States, resulting in sales of building materials, appliances, decor, and other home improvement elements. In addition, rental housing is also increasing in the U.S., which is creating opportunities for home remodeling and renovation. In recent years, most homeowners residing in their homes have tended to renovate their houses instead of moving into new ones. Also, most homeowners in the country focus on renovating their homes at least once a year; home improvement is initiated to improve the quality of life. In addition, it has been witnessed that millennials and baby boomers have almost the same perspective towards renovating homes in the region.
Fluctuations in Raw Material Prices
The challenge of fluctuating raw material prices influences the North America doors and windows market dynamics. Like many others, the market is susceptible to volatility in the costs of raw materials, which can impact various aspects of the industry, from production costs to pricing strategies and overall market competitiveness. This challenge requires a nuanced understanding of the factors contributing to price fluctuations and strategic measures to mitigate potential adverse effects.
Furthermore, the economic landscape is one of the primary contributors to the fluctuating raw material prices in the North America doors and windows market. Economic conditions, including inflation rates, currency fluctuations, and geopolitical events, can significantly impact the prices of key raw materials used to manufacture doors & windows.
INSIGHTS BY PRODUCT
The North America doors and windows market by product is segmented into doors and windows. The door segment holds the prominent segmental market share in 2023. The door segment is growing significantly with the region's rise in reconstruction and renovation activities. In addition, people in the United States are willing to replace exterior doors more than interior doors. These external doors are in major demand due to materials made of metal and wood.
In addition, there has been a continuous shift towards choosing plastic materials for doors as it fuels the economy. Also, homeowner purchase rates for various product categories have risen by about 2% in recent years. This trend is evident in the increased demand for exterior, molding, storm/screen, and interior passage doors. Patio doors have also seen a modest uptick in sales. Additionally, closet doors, interior passage doors, and patio doors have all experienced notable growth in purchases.
INSIGHTS BY END-USER
The residential end-user segment holds the most significant share of the North America doors and windows market in 2023. The region's home renovation and reconstruction activities drive the growth of residential doors and windows in North America. In terms of new constructions in the residential segment, the demand is currently driven by new government-funded housing projects, especially due to the rising immigrant population. Government-funded projects are focused on high-cost efficiency, thus increasing the demand for plastic windows and doors.
Also, there has been a significant shift towards energy-efficient use of fenestration products in new housing and the renovation sector. UPVC windows and doors are one example of the rise in demand for energy-efficient buildings. Moreover, residential permits are also one of the reasons for the rise in the new housing market.
INSIGHTS BY MATERIAL
The North America doors and windows market by material is segmented into metal, plastic, wood, glass, composite, and others. The plastic segment holds the most prominent segmental market share in 2023. The plastic doors and windows segment is expected to gain market share by catering to the consumer base that earlier preferred wooden and metal doors and windows. Several factors have and are still boosting the demand for plastic doors and windows in several American states.
The housing sector is gradually gaining traction, and the total demand for housing materials and products is gaining ground. Further, due to the lower installation costs compared to wooden or metal alternatives, uPVC has become the preferred material for manufacturing affordable, durable, and high-quality doors and windows. Currently, the use of plastic is relatively higher in windows than indoors. Due to innovations in the material and manufacturing techniques, plastic doors and windows continue to gain traction due to the advancements in their thermoplastic properties.
INSIGHTS BY INSTALLATION
The replacement installation segment dominated the North America doors and windows market share 2023. With the rising awareness of energy efficiency, the overall fenestration of buildings comes into play, and consumers and building owners are increasingly adopting new doors and windows for their buildings, especially exterior windows and interior and exterior doors. Home renovation is becoming a major trend driving the residential sector's industry for doors and windows. In Canada, home renovation is growing due to various factors, such as the rise in immigration and the demand for residential space. Also, the government is taking initiatives for residential construction by offering moderate interest rates for housing loans.
REGIONAL ANALYSIS
North America is the largest market for infrastructure construction, creating high opportunities for the doors and windows market during the forecast period. Non-residential construction in North America is rising rapidly with the region's increasing number of office spaces, hotels, business centers, and retail spaces. The construction industry for office spaces is witnessing a rising number of start-ups in the U.S. and an expansion of existing firms in the region. In addition, many foreign companies are establishing their office and working space in the United States. Thus, this increases the demand for space and employment in the region.
The U.S. holds the most significant share of the North America doors and windows market 2023. The growing hospitality and manufacturing industry in the U.S. is expected to drive the new construction of commercial buildings. Offices, hotels, institutions, and business centers contribute to building construction. In addition, the U.S. has some of the world's largest commercial spaces, including shopping malls, business centers, hotels, and other large retail stores. Thus, such new construction in the U.S. will likely drive the fenestration market, specifically for doors and windows, over the next few years.
Moreover, the North America doors and windows market is undergoing significant advancements, driven by the growing demand for energy-efficient and technologically advanced products. Consumers now have diverse options that offer improved performance, durability, and aesthetics.
COMPETITIVE LANDSCAPE
Key Company Profiles
- Andersen Windows and Doors
- Cornerstone Building Brands
- JELD-WEN
- Pella
Other Prominent Vendors
- Air Master Windows and Doors
- All Seasons Window and Door
- All Weather Windows
- Alside
- ASSA ABLOY
- Bear Wood Windows
- Cascade Windows
- Champion Windows
- Crystal Windows
- dormakaba
- Earthwise Windows
- EXTECH
- Four Seasons Sunrooms
- Fyre-Tec
- Harbor All Glass and Mirror
- Harvey Building Products
- International Window
- Kohltech
- KP Building Products (Farley)
- Loewen Windows
- Marvin
- Masco Corporation
- Masonite
- MI Windows and Doors
- Optimum Window
- PGT Innovations
- Plastpro
- Profine Group
- ProVia
- Quaker Windows & Doors
- Sierra Pacific Windows
- Simpson Door
- St. Cloud Window
- Starline Windows
- Steves & Sons
- Therma-Tru
- Trinity Glass International
- United Window & Door
- VKR Group
- Wincore Windows & Doors
- Woodgrain
- YKK AP America
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 286 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $64.08 Billion |
| Forecasted Market Value (USD) by 2029 | $83.22 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | North America |
Key Topics Covered:
Market Opportunities & Trends
- Rise in Demand for Energy-Efficient Doors & Windows
- Technological Developments in Doors & Windows
- Building Integrated Photovoltaics (BIPV) for Fenestration
- Integration of Switchable Glazing Technologies
Market Growth Enablers
- Rise in Demand for Single Homes
- Rise of Modern Minimalist Doors & Windows
- Surge in Home Improvement Activities in US
- Rise of Custom Door and Window Design
Market Restraints
- Fluctuations in Raw Material Prices
- Emergence of Market Softening due to Fragmentation
Segmentation by Product
- Doors
- Windows
Segmentation by End-user
- Residential
- Non-residential
Segmentation by Type
- Exterior
- Interior
Segmentation by Material
- Metal
- Plastic
- Wood
- Glass
- Composite
- Other
Segmentation by Installation
- Replacement
- New Construction
Segmentation by Operation
- Manual
- Automatic
For more information about this report visit https://www.researchandmarkets.com/r/43j6pg
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