Page 43 - CV Aug-Sep 2023 Issue

WINDOWS & DOORS

MARKET IN INDIA SET

TO BOOM IN THE

NEAR FUTURE

ver the past decade or cities' development will support the
so, the windows & doors Indian doors & windows market
Omarket in India has penetration.
witnessed tremendous growth, in
spite of the setback caused by the Shifting consumer preference
COVID-19 pandemic. This upward towards economical housing
trend is estimated to continue in solutions has encouraged
the years to come, and only get manufacturers towards product
stronger. According to a global innovations to fulfill the customers'
study, the market is set to witness demand. Emerging demand for
a 11% annual growth in the coming uPVC doors & windows due to
years, and touch the $7.3 billion their advantageous properties
mark by 2025. including enhancing strength,
versatility, limited maintenance,
Increasing consumer spending on high insulation against noise and
construction and renovation of resistance to moisture along at
commercial & residential buildings affordable prices. High demand for
will drive Indian doors market sliding and designer doors &
growth. Booming demand for windows coupled with rising
energy efficient and impact urbanization is likely to escalate
resistant housing infrastructure will Indian doors & windows market
lead industry towards more growth over the coming years.
innovative product materials.
Rapid economic growth has led to
Private equity investment in real the construction of supermarkets,
estate reached over USD 16 billion cinema, sports, and recreational
in 2023. Government initiatives complexes will positively influence
across the countries for smart demand.

CONSTRUCTION VISION 41 AUGUST - SEPTEMBER 2023