DUBLIN--(BUSINESS WIRE)--The "India UPVC Doors and Windows Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Indian UPVC doors and windows market witnessed meteoric growth in the last few years, and it is estimated that the market may grow significantly at a CAGR of more than 7% during the forecast period, 2021-2026.
- LG Hausys
- NCL Wintech
- Veka India
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Key Market Trends
Industrial and Construction Segment in India is Witnessing a Surge in the Market Share
Over the past 15 years, India witnessed exceptional growth in the industrial and real estate sector. Urbanization, construction of smart cities, changing lifestyle due to the emerging middle-class population, and FDI in Indian companies are a few factors that have given a push to new building technologies and materials. UPVC (unplasticized polyvinyl chloride) is one such building material that has gained attention as a replacement to other traditional materials.
UPVC has low maintenance, yet it is an effective material in making windows and doors. In the last couple of years, the market has witnessed an increasing demand for UPVC windows and doors due to the host of benefits uPVC offers. UPVC windows and doors provide efficient thermal insulation and help in energy conservation. Not only this, UPVC windows provide high sound insulation with properly fabricated windows and installations.
In FY 2015, the Government of India started a project of making 100 smart cities by FY 2020. Safety of the public, energy conservation, and eco-friendliness are prime agendas of smart cities. Owing to the high compliance of UPVC doors and windows in high-rise buildings and aesthetics properties, they are more likely to emerge as the preferred fenestration choice over conventional aluminum and timber counterparts. Moreover, a few infrastructural development projects will be undertaken in these cities, which may provide further impetus to the industry over the period 2019-2023.
Increasing Investment in Infrastructure Development Projects will Boost the Product Market Growth
Increasing central and state government finances for infrastructure development projects, public funding, and a decline in the construction material prices will boost the product market growth. In addition, private and public partnership projects to support infrastructure development in rural areas are expected to induce immense potential to the industry size till 2024. The announcement of 100 smart cities from the central government, growth in infrastructure due to enormous investment by both governments in India, and the increase in FDI give a clear indication that the UPVC window and door market may get more opportunities and grow at a good rate.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 UPVC Doors
5.1.2 UPVC Windows
5.2 By End User
5.2.3 Industrial and Construction
5.2.4 Other End User Types
5.3 By Distribution Channel
5.3.1 Offline Stores
5.3.2 Online Stores
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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