Europe Windows & Doors Market size surpassed USD 36.3 billion in 2020 and is estimated to expand at over 4.5% CAGR between 2021 and 2027. The market is highly influenced by energy-saving codes and regulations. The rising demand for sustainable living and energy-efficient homes & buildings followed by rising remodeling & renovation in aging buildings & apartments will propel the market demand. Rising income levels in Eastern European countries will drive the construction sector, augmenting the market revenue.
Non-residential and commercial construction have witnessed significant growth over the past few years due to the increasing demand for office spaces. Product demand in developed European countries will be facilitated by the increasing expat population. During the forecast period, European countries will invest heavily in infrastructure development and the construction sector. Strong growth in infrastructure development and construction sector will fuel the market size.
The rising population in European countries will create market opportunities for new residential establishments. Heavy investments in quality housing and smart homes will drive the market share. Growth in the residential construction sector is anticipated to draw consistent demand for this industry.
The COVID-19 pandemic has created significant challenges for industry stakeholders. Social distancing guidelines, nationwide lockdowns, and closure of borders have affected operations and profitability. However, the introduction of vaccines will improve market conditions.
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The uPVC windows & doors market is projected to witness around 5% growth rate till 2027. uPVC is a preferable raw material for window and door profiles due to its lightweight nature and low maintenance than wood & aluminum. Unlike aluminum, uPVC provides better thermal insulation and can effectively stop the transmission of cold and heat inside & outside of the house. Moreover, minimal expansion and contraction make it durable for use in uPVC profiles and for retaining glass holding capacity.
uPVC profiles are resistant to corrosion and thus do not require painting. In case of fire, these profiles are self-extinguishing and have lower softening temperatures compared to wood and aluminum, allowing easy escape by pushing out the glass. uPVC materials have acquired a larger market share owing to their optimized costs. It is a fact that uPVC saves extra-added expenses on maintenance and attributes, such as energy efficiency and durability, gaining a positive response from consumers.
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Commercial sector in the Europe windows & doors market is expected to witness steady growth during the forecast timeframe led by increasing applications of WPC, glass, uPVC, and metal. Commercial applications require better security from burglary and fire. Aluminum, steel, and glass doors are anticipated to witness a strong demand due to their durability. Doors providing improved durability and requiring low maintenance will drive the market demand.
The demand for commercial doors & windows varies depending upon the client’s requirements such as diverse functional requirements. Offices and the IT industry mainly prefer glass doors & windows with improved visibility and better aesthetics.