China UPVC Doors And Windows - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

China UPVC Doors And Windows - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The China UPVC Doors And Windows Market size is estimated at USD 3.21 billion in 2024, and is expected to reach USD 4.07 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).

Increasing consumer spending on the construction and renovation of commercial and residential buildings will drive the China UPVC doors and windows market growth. The booming demand for sustainable and impact-resistant housing infrastructure will lead the industry toward more innovative product materials. Growth is expected to be driven by growing awareness about the benefits of UPVC products, ongoing industrialization, an increasingly urban population, expanding foreign investment funding, rising personal income levels, and further population and household growth in China. China is one of the largest consumers and producers and caters to a wide range of countries by exporting several input supplies used to produce UPVC finished goods.

In addition, the government’s effort to sustain growth in the manufacturing sector, improve the country’s infrastructure, expand municipal utilities, and balance regional economic disparity will help growth in construction spending. Government efforts to improve living conditions for low-income earners (such as the construction of affordable and low-rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas) will also further gains in this segment.

China UPVC Doors and Windows Market Trends

Increasing Residential Construction and Infrastructure Development in China is Driving the Market

Growth of the construction and infrastructure development industry and low UPVC material costs in construction may boost UPVC windows and door market growth. In addition, private and public partnership projects to support infrastructure development in rural areas are expected to induce immense potential to the industry size. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry is forecasted to maintain continuous growth. Robust growth in consumer spending for manufactured goods and services, government policies, as well as government efforts to improve standards of living in China, may help to spur gains in residential infrastructure.

Government Plans and Investment in Renovation is Expected to Drive the Growth of UPVC Products

Industry and construction account for about 48% of China's GDP in the current year. UPVC windows and doors, if used in residential renovation projects, make residential communities incredibly energy efficient and have a low carbon footprint. The government in China has planned to renovate around 220,000 old residential communities. UPVC doors and windows are a sustainable alternative to traditional doors and windows as they offer low maintenance and are a sustainable option with higher insulation; this insulation provides less need for a heating and cooling system for the house, hence increasing the energy efficiency of overall residential societies. Due to these benefits, renovation projects in China propel the UPVC doors and windows demand.

China UPVC Doors and Windows Industry Overview

The report covers major international players operating in the Chinese UPVC doors and windows market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the major companies in the market include Fonirte, Lesso China, Zhejiang Yuanwang Windows and Doors Co., Ltd., Ropo, and VEKA Plastics (Shanghai) Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support