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PRWEB) June 26, 2007 -- According to a recently released research report published by Global Industry Analysts Inc, the world vinyl windows market is expected to reach 180.5 million units by the year 2010.
Vinyl doors and windows market is witnessing healthy growth worldwide, driven largely by the unique, and highly functional properties of vinyl as a raw material. Growth in the world market will be governed by key economic variables such as, GDP growth, increase in personal income, and level of industrialization, among others. Asia Pacific, Latin America, and Middle East are regions predicted to offer the highest growth potential. China, within Asia, will emerge as the key potential driver for the
vinyl doors market, given the fact that the country houses the world's most lucrative construction Industry.
In the United States, vinyl doors and windows is projected to present a market opportunity of US$ 14.6 billion by the year 2010
"In the United States, vinyl doors and windows is projected to present a market opportunity of US$ 14.6 billion by the year 2010," according to research published by Global Industry Analysts, Inc. In the United Kingdom, the largest regional market in Europe, vinyl windows alone is projected to rise by over US$ 950.9 million between the period 2007 to 2010.
The growing popularity of vinyl over traditional material types such as, wood, aluminum, steel, is evidenced by the changing end-user preferences the world over. In Europe, PVC (vinyl) as the preferred material for window frames rakes in a market share of approximately 40%. In Germany, France and Austria close to 51% of windows are manufactured from PVC, while in UK the percentage figure is the highest at 80%.
In Scandinavia, and countries in Southern Europe, PVC penetration is the lowest with just 22% of windows being made from vinyl. While vinyl represents more than 50% of the total residential window demand in the US, Japan is overwhelmingly dominated by aluminum frames, which account for over 90% share while vinyl accounts for 6-8% share.
Vinyl doors and windows market stands enthused by the level of innovation and new product launches. New refreshing designs, colors, and styles, together with expanded product choices and modern architectural emphasis on patio doors, and garden windows, are helping the market score huge gains by keeping consumer interest, and enthusiasm alive. Europe, and the United States are the two largest markets for vinyl windows worldwide, with sales in these two markets together expected to rise by 18.9 million units between the period 2007 to 2010.
The new construction end-use market, as against the replacement, and remodeling market, will offer opportunities for future growth, primarily because first-time builders demand products that are thermally effective, economical, maintenance-free, robust, and architecturally appealing.
Demand contribution made by the non-residential construction end-use market is expected to rise more swiftly in the upcoming years, as against the conventional dominance of the residential building market. In the year 2006, commercial and infrastructural construction accounted for a little over 45% of the total construction spending in the United States.
Global and regional players operating in the industry include Atrium Companies, Inc., CertainTeed Corporation, Crystal Window & Door Systems, Ltd., Deceuninck N.V., Fortune Brands, Inc., Group Lapeyre, Heywood Williams Group Plc, Jeld-Wen, Inc., Kolbe Vinyl Windows & Doors, Masco Corporation, MI Windows and Door, Inc., Nortek, Inc., Pella Corporation, Soft-Lite, LLC., and True Home Value, Inc, among others.
The report titled Vinyl Doors and Windows: A Global Strategic Business Report from Global Industry Analysts Inc, provides a comprehensive review of market trends, drivers, issues, challenges, product overview, players, and competition. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key end-use markets.
Latent demand patterns are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, UK, Spain, Asia-Pacific, and Latin America, among others. Also included in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit
http://www.strategyr.com/MCP-1379.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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www.StrategyR.com
