Market Overview:
Aluminum window profiles are predominantly used in constructions for doors and windows owing to their advantages such as durability, corrosion resistance, low maintenance and lightweight nature. These profiles are manufactured using aluminum alloys that provide strength to windows and doors. Growing construction industry as well as rising residential and commercial construction activities are the major factors boosting the demand for aluminum window profiles.
Market key trends:
One of the key trends fueling the growth of aluminum window profile market is increasing retrofitting and remodeling activities. There is growing emphasis on upgrading the existing infrastructure including residential as well as commercial buildings. Aluminum window profiles are ideal replacement for old and damaged wooden windows owing to various advantages offered such as insulation, security and low maintenance. Further, aluminum does not rot or decay over time, making window profiles long lasting. Growing retrofitting and remodeling market is expected to drive the demand for aluminum window profiles over the forecast period.
The global Aluminum Window Profile Market Share is estimated to be valued at US$ 827.03 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the aluminum window profile market is moderate. High capital requirements for manufacturing facilities and developing brand recognition present barriers for new players.
Bargaining power of buyers: The bargaining power of buyers in the aluminum window profile market is high. The presence of many established players provides buyers with various options. Buyers can negotiate on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Switching costs from one supplier to another are low due to availability of raw materials from multiple sources. However, suppliers have some control over prices.
Threat of new substitutes: The threat of substitutes is low. Aluminum faces competition from vinyl and wood but enjoys advantages such as strength, durability and ease of maintenance.
Competitive rivalry: Intense competition exists among key players.
SWOT Analysis
Strengths: High strength-to-weight ratio of aluminum makes windows lightweight. Aluminum is durable, weather-resistant and requires low maintenance.
Weaknesses: Higher costs compared to other materials. Complex manufacturing process. Prone to scratches and blemishes.
Opportunities: Growing construction industry worldwide. Increasing demand for energy-efficient and eco-friendly windows.
Threats: Volatility in raw material prices. Competition from substitute materials.
Key Takeaways
The global aluminum window profile market is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand for energy-efficient windows in residential and commercial buildings. Stringent building codes encouraging use of aluminum are further driving the market.
Regionally, Asia Pacific dominates the global market led by China, India and other developing nations. Rapid industrialization and increase in construction spending in the region are propelling the APAC aluminum window profile market.
Key players operating in the aluminum window profile market are Apogee Enterprises Inc., Fletcher Building, Ply Gem Holdings Inc., YKK AP Inc., LIXIL Group Corporation, Xingfa Aluminium, Sapa Group, PGT Inc., Wacang, and Fenan Group. Leading companies are focused on new product launches, expanding operational footprint and collaborating with building products distributors to strengthen their market position.
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