Jan 20, 2023
Strong Sales Growth Forecast For Windows Market
The windows market is projected to reach $52 billion at a compound annual growth rate (CAGR) of nine per cent by 2029, says a report by meticulousresearch.com. Based on volume, the global windows market is projected to reach 307.8 million units by 2029, at a CAGR of 9.7 per cent during the forecast period. The growth of this market is driven by the fibreglass and awning windows segments, which are projected to register the highest CAGR during the forecast period. Rapid urbanization in emerging economies, the increasing demand for windows in the renovation industry, the growth of the construction industry, and the popularity of smart homes ⅓ where unplasticized polyvinyl chloride (uPVC) windows provide durability, protection, and eco-friendliness – are all contributing factors.
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