Opportunities Available In Door, Window Market

The global door and window market is expected to reach an estimated US$308 billion by 2027 with a compound annual growth rate (CAGR) of 4.2 per cent from 2022 to 2027, says a report by ReportLinker. The future of the global door and window market looks promising with opportunities in both the commercial and residential sectors. The major growth drivers are increasing new construction, renovation activities, and rising consumer spending on home improvement. As well, the increased use of impact resistance doors and windows and development of energy efficient doors and windows are having a direct impact on the dynamics of the industry. The residential sector is the largest end use market and windows are the largest market by product type. The plastic door and window segment is forecast to witness the highest growth because they are light weight, offer a high degree of chemical resistance, and have low maintenance cost.