The burgeoning need for more sustainable and environmentally-friendly living spaces and the demand by end-users for state-of-the-art built environments with overall aesthetic appeal are steering the aluminium doors and windows market to new heights. What’s more, new government codes driving energy-efficiency are driving growth.
Europeans sense importance of sustainable living
European Union governments have been quick off the mark to begin setting down codes and rules supporting energy-efficiency in house and building construction. European consumers, for their part, have taken the importance and benefits of sustainable living seriously, demanding energy-saving homes and buildings that pave the way for modern architecture in terms of doors and windows.
Additionally, commercial buildings increasingly require doors and windows that are safe from burglary and fire, driving growth opportunities for manufacturers to produce durable products.
One company rising to the challenge is Poland-based https://aluprof.eu/en, whose premium thermal isolation structure earned a certificate from the Passive House Institute in Darmstadt, Germany. Thermal insulation is a vital energy-saving initiative and aluminium windows and doors are a simple, cost-effective shoo-in for energy-saving and passive building.
Demand for commercial properties is seeing construction up on a steady rise in Europe, particularly as industries begin to emerge from the doldrums of COVID-19 restrictions. Office spaces are particularly being sought after and governments notably are stepping up investments in construction and infrastructure as readily as they are promoting the development of smart commercial spaces.
European market set for valuation of $49.37+ billion by 2027
According to a report by Graphical Research, the windows and doors market in Europe is set to reach a valuation of more than $49.37 billion by 2027. The continent’s robust demand for energy efficiency along with high-quality, low-weight, low-maintenance door and window solutions are contributing to a 4.5% growth rate expected through to 2027. The upward trajectory is also attributed to an increasing population and the resultant escalation in residential and commercial construction activities.
European manufacturers have become adept at deriving innovative and varied strategies in terms of new product development. Meanwhile, mergers and acquisitions in the industry are synergising to bring economy and efficiency on the business end to meet the growing product demand in the global market.
Globally, the market for aluminium doors and windows is expected to top a value of $70 Billion by 2026, at 3% Compound Annual Growth Rate (CAGR) between now and then, according to a report published by Market Research Future.