Portland, OR, Aug. 03, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the vinyl window market generated revenue worth $26.54 billion in 2021 and is projected to reach $41.41 billion by 2031, registering a CAGR of 4.5% from 2022 to 2031. The research report of market offers a detailed analysis of changing market trends, most important segments, value chain analysis, key investment business scenarios, regional space and competitive landscape. The study is a key source of information for major players, new entrants, shareholders and owners in creating new strategies for the future and taking action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors to invest in a rapidly changing market.
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Report coverage and details:
|Market size in 2021||$26.54 billion|
|Market size in 2031||$41.41 billion|
|Number of pages in the report||247|
|Segments Covered||Type, application, end user and region|
|Drivers||Increase in commercial and industrial constructions as well as the preference for high-value goods.|
|Emphasis on developing energy-saving products due to strict government laws and demand for visual appeal from various households.|
|Launch of new colors and rapid urbanization in emerging economies.|
|Opportunities||Increased income of people around the world.|
|Constraints||The weak sturdiness and lack of flexibility of vinyl windows limit their size.|
- The COVID-19 pandemic has severely affected the expansion of the global vinyl window market due to a strict lockdown which has delayed the production of vinyl windows.
- The decline in residential and non-residential construction manufacturing during the COVID-19 pandemic has hurt the growth of the global market.
The report offers detailed segmentation of the global vinyl window market on the basis of type, application, end-user, and region. It provides comprehensive analysis of each segment and sub-segment in tables and figures through which clients can draw conclusions about market trends and insights. Market report analysis helps businesses, investors, and entrepreneurs understand which sub-segments need to be explored to achieve huge growth in the coming years.
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By type, the casement window segment contributed the largest market share in 2021, accounting for almost a third of the overall global vinyl window market share. Moreover, this segment is expected to maintain its dominant status during the forecast period. However, the sliding window segment is expected to register the fastest CAGR of almost 5.5% from 2022 to 2031. The report also provides an overall analysis of the segments such as single and double hung windows, bay windows and others .
Based on demand, the new construction segment held the greater share in 2021, contributing nearly three-quarters of the overall global vinyl window market share. Moreover, this segment is expected to contribute the highest market share by 2031. However, the renovation and reconstruction segment is also expected to witness the fastest growth with a CAGR of almost 5.1% in during the forecast period.
On an end-user basis, the residential segment held the largest share in 2021, contributing nearly four-fifths of the overall global vinyl window market share. Moreover, this segment is expected to account for the largest share of the global market by 2031. However, the non-residential segment is expected to register the highest growth with a CAGR of almost 5.5% from 2022 to 2031.
Based on region, Asia-Pacific contributed the highest market share in 2021, accounting for almost half of the global vinyl window market. The region is expected to continue dominating the market by 2031. Additionally, the Asia-Pacific vinyl window market is expected to register the fastest CAGR of 5.2% during the forecast period. The research also analyzes regions such as North America, Europe and LAMEA.
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Key players of the global vinyl window market analyzed in the research include Anglian Home Improvement, A&B Glass Group, Chelsea Building Product Inc., International Windows Corporation, All Weather Windows, Alternative Windows, Croft LLC, Anderson Corporation, Crystal Windows Co. , Harvey Construction Products, Intus Window, Stanek Window, Pella Corporation, Paradigm Windows and Softlite Windows & Doors.
The report assesses these major players in the global vinyl window industry. These participants have implemented a plethora of major business strategies such as regional and consumer base expansion, product development, strategic alliances and joint ventures to expand product penetration in global markets and establish growth. of the market in the whole market. The market research report increases the monitoring of the performance of each segment, the positioning of each product in the respective segments and the impact of new technology launches on the overall market size.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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