Market Size of India UPVC Doors and Windows Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India UPVC Doors & Windows Market Analysis
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.
The COVID-19 pandemic and lockdown acted as a massive restraint on the Indian UPVC doors and windows market in 2020, as supply chains were disrupted due to trade restrictions. The purchase of these products was declined due to lockdowns imposed by the Indian government. Due to the COVID-19 pandemic, the market was under pressure in 2020, which restricted the construction of housing and building projects. The lockdown restrictions forced to stop the manufacturing of UPVC products and reduced the purchasing of UPVC products, which resulted in a decline in the overall ASEAN market.
Increasing consumer spending on the construction and renovation of commercial and residential buildings may drive the Indian doors market's growth. Booming demand for energy-efficient and impact-resistant housing infrastructure may lead the industry toward more innovative product materials. Growing awareness about the benefits of UPVC products, rapid urbanization, high migration of working-class population to urban cities, increased personal disposable income, and rise in residential units contributed to the steady growth of this industry. The market is expected to expand synergistically in the mid-long term due to several other driving factors, including the shortage of household units in the country, the central government's initiatives to develop affordable housing for all by 2022, and the construction of several smart cities across the country. India still has a shortage of 18 million homes. The UPVC material offers insulation against rain, is recyclable, offers UV protection, sound insulation, resistant to saltwater, and impact resistance, and has several other commercial applications. The unplasticized PVC does not have any added additive material during production as the normal PVC, so it requires less energy input during production. Therefore, a massive level of residential unit construction is required to meet this demand of the housing sector. The residential sector presents a huge potential for the expansion and adoption of UPVC doors and windows.
