Aluminium Alloy Windows Market REPORT OVERVIEW
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The global aluminum alloy windows market size was USD 9386.7 million in 2022 and market is projected to touch USD 14004.56 million by 2031, at compound annual growth rate (CAGR) of 4.0% during the forecast period.
The market for aluminum alloy windows consists of sales of aluminum alloy windows by entities (organizations, sole proprietors, partnerships), where aluminum alloy refers to windows produced through an extrusion process in which pre-heated aluminum alloy is forced through a die to produce an aluminum profile. These windows act as a link between the exterior of a house and the interior, which provides the rooms with illumination and ventilation. When compared to more conventional materials like wood, aluminum alloy windows offer higher levels of strength and durability, are corrosion-resistant, are lightweight, and are bendable.
COVID-19 Impact: Restrictions and Unavailability of Resources Led to Market’s Decline
The abrupt onset of the new coronavirus pandemic has had a significant negative influence on the market value for aluminum alloy windows. In the projection era that followed the pandemic year of 2020, the worldwide market has been seeing a steady development of market challenges and restrictions such the implementation of lockdown and the restricted availability of resources and trained workers. These factors might impede market growth. The market participants have desperately needed to go back to business as usual, but the new coronavirus is spreading at an alarmingly rapid rate that needs to be taken into account at all costs.
LATEST TRENDS
"Introduction of New and Cutting- Edge Products will Lead to Market’s Demand"
Aluminum alloy windows are a market that is being shaped by product innovation. Major players on the market for aluminum alloy windows are concentrating on developing new, cutting-edge products to bolster their positions. For instance, the Sheerline Prestige series from UK-based Garnalex, a manufacturer of residential aluminum windows and doors, was introduced in 2021. It is a thermally efficient aluminum window system with built-in weather sealing that keeps draughts and rain securely outside. The solution enables fabricators to expedite manufacture by using their current PVC-U hardware.
Aluminium Alloy Windows Market Segmentation
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- By Type Analysis
By type, market is segmented into flat window profile, sliding window profile and others. The flat window profile segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into residential using and commercial & industrial using. The residential using and commercial segment will lead the global share through 2031.
DRIVING FACTORS
"Increasing Construction Projects will Drive the Market’s Growth"
The market for aluminium alloy windows is expanding as a result of increasing construction projects. Construction firms are using robust, durable, and affordable aluminium alloy windows for building due to the rise in construction projects. Numerous programs, including the Housing for All by 2022 effort, are designed to support the development of affordable housing in India while simultaneously stimulating the market's building activity. In accordance with this plan, builders and developers had access to more affordable financing in the form of debt, which decreased the overall cost of homes, made them more enticing to first-time purchasers, and expanded the market for aluminium alloy windows.
RESTRAINING FACTORS
"Lack of Knowledge and Opportunity will Impede the Market"
The market share for aluminum alloy windows is anticipated to see the appearance of factors including a lack of knowledge and the opportunity for the target market to continue with their existing alternatives. According to the estimates made by the market specialists, this would probably prevent the worldwide market from expanding over the anticipated term.
Aluminium Alloy Windows Market REGIONAL INSIGHTS
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"North America to Lead the Global Aluminum Alloy Windows Market Share"
The market has been divided into several geographic areas, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. As a result, the market value for aluminum alloy windows is growing on a global scale. Over the course of the historic forecast period, which concluded in 2019, the Asia-Pacific region has led the market for aluminum alloy windows. In the context of the global market, there has been a significant rise in consumer awareness of energy-efficient and environmentally friendly building practices, which has been accompanied by early acceptance and government support, which has aided in the expansion of the regional market and, as a result, given rise to a high level of competition and an expansion of the market's size.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Norsk Hydro (Norway)
- Xingfa Alum (China)
- LIXIL (Japan)
- YKK AP (Indonesia)
- Galuminium Group (China)
- Corialis (UK.)
- Alumil (Greece)
- Fujian Nanping Aluminium (China)
- AluK Group (Australia)
- JMA (U.S.)
- Fujian Minfa Aluminum (China)
- FENAN Group (China)
- Guangdong Fenglv (China)
- Arconic (U.S.)
- Xinhe (Hong Kong)
- Golden Aluminum (India)
- Grupa Kety (Poland)
- Hueck (Germany)
- LPSK (U.S.)
- ETEM (Greece)
- RAICO (Europe)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 9386.7 Million in 2022 |
Market Size Value By |
US$ 14004.56 Million by 2031 |
Growth Rate |
CAGR of 4% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Array |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the aluminum alloy windows market expected to touch by 2031?
Over the research period, the aluminum alloy windows market will be reaching USD 14004.56 million in 2031.
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What CAGR is the aluminum alloy windows market expected to exhibit by 2031?
The aluminum alloy windows market is expected to exhibit a CAGR of 4% by 2031.
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Which are the driving factors of the aluminum alloy windows market?
Increasing construction projects are the drivers of the aluminum alloy windows market.
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Which are the top companies operating in the aluminum alloy windows market?
LIXIL, YKK AP, Galuminium Group, Corialis and Alumil are some of the top companies operating the aluminum alloy windows market.