Views: 0 Author: Site Editor Publish Time: 2024-09-12 Origin: Site
The U.S. windows market is projected to reach USD 16.41 billion by 2030, growing at a rate of 3.6% annually. This growth is driven by increased investments in both residential and commercial construction, thanks to a rising population and a booming tourism sector. Ongoing renovation projects are also expected to support market expansion.
The construction industry in the U.S. is highly developed, featuring many multinational companies and strong economic conditions. Government initiatives to boost construction further benefit the windows market. Recent trends include the use of automation in window manufacturing, which enhances production and quality control.
Innovations have led to the rise of energy-efficient windows, such as smart glass, which can adjust transparency and block certain wavelengths of light. This allows homeowners to control light and heat while improving privacy.
In 2022, the refurbishment segment was the largest part of the market, expected to grow at 4.0% annually. With increasing awareness of sustainability and rising energy costs, property owners are investing in energy-efficient upgrades. Replacing old windows with energy-efficient models can significantly lower energy consumption and improve comfort.
The double/single-hung windows segment, valued at USD 6.65 billion in 2022, is popular in colder regions like the Northeast and Midwest due to its space-saving design and versatility.
In Texas, the windows market was valued at USD 1.91 billion in 2022, driven by a strong construction industry. The growth in this market is closely linked to construction activities, housing demand, and government initiatives.
The aluminum doors and windows market was valued at nearly USD 59,444.5 million in 2022, growing at a rate of 1.4% annually since 2017. It is expected to reach USD 80,435.6 million by 2027, growing at 6.2% per year, and is projected to increase to USD 105,504.9 million by 2032 at a CAGR of 5.6%.
The historical growth was driven by the home remodeling sector, a focus on sustainability, the low cost of aluminum, and rising demand for eco-friendly furniture. However, the COVID-19 pandemic negatively affected growth during this period.
Looking ahead, urbanization, increased construction investment, and rising infrastructure spending will drive future growth. Challenges may include geopolitical tensions and the availability of alternative materials.
In 2022, the sliding window segment was the largest in the aluminum market, accounting for 29.2% of the total. This segment is expected to grow the fastest at a CAGR of 6.5% from 2022 to 2027.
SUMMARY:
The U.S. windows market is projected to reach USD 16.41 billion by 2030, growing at an annual rate of 3.6%. This growth is driven by increased investments in residential and commercial construction, particularly in renovation projects and demand for energy-efficient windows. The aluminum doors and windows market was valued at approximately USD 59.44 billion in 2022, with expectations to grow to USD 80.44 billion by 2027, fueled by home remodeling and sustainability efforts. Despite challenges from geopolitical tensions and alternative materials, the sliding window segment is anticipated to expand rapidly at a CAGR of 6.5%. Overall, both markets demonstrate strong growth potential, reflecting a sustained focus on energy efficiency and innovative solutions.
Source:
The business research company
Arizton
Allied Market Research
