Market Insights and Analysis: Southeast Asia UPVC Windows and Doors Market Overview and Projections (2023-2028)
The Southeast Asia UPVC Windows and Doors Market is estimated to grow at a CAGR of around 5.65% during the forecast period, i.e., 2023-28.
Top leading companies in the Southeast Asia UPVC Windows and Doors Market includes:
VEKA Group, Aluplast, Kinbon (Uber & Konstrukt), Fascina Pte Ltd., Perfect Window Systems Pte Ltd, Sapphire Windows Pte Ltd, Europvc, Vignet uPVC windows and Doors, DeKu German Window (Thailand), Fenestram Corporation and Others.
Southeast Asia UPVC Windows and Doors Market Driver - Increasing Investment in Tourism & Hospitality Sector to Escalate Market Growth:
Southeast Asia region’s economy majorly depends upon agriculture, trade, and tourism industry for revenue generation. According to the Organisation for Economic Co-operation and Development (OECD), travel and tourism industry contributed nearly 11.7% of GDP to the Southeast Asian economy and provided about 13.2% of total employment. Over the years, the region’s tourism industry emerged due to its landscapes, and affordable tourism options. In addition, countries such as, Thailand, Indonesia, Vietnam, etc., in this region majorly depend on tourism for revenue generation as their other sectors are not much developed. Consequently, the governments of these countries are actively working to expand their tourism sectors, aiming to amplify the sector's contribution to their respective GDPs. For instance,
In 2022, the sectors contribution to regional GDP was reported around 10% in Vietnam, Singapore, and Malaysia and 20-25% in Thailand, Cambodia, and the Philippines as per the Asian Development Bank.
Thus, growth of the tourism sector resulted in the increasing construction of hotels, resorts, restaurants, and other commercial facilities in the region since the historical years. With the increase in commercial construction due to the soaring tourism industry, the region has been witnessing a higher demand for UPVC windows and doors too, as they offer durability, low maintenance requirements, and provide good thermal insulation properties, unlike traditional materials.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-UPVC Windows
--Casement Window
--Sliding Window
--Bay Window
--Others (Fixed, Tilt and Turn, etc.)
-UPVC Door
--Slide & Floor Door
--Casement Door
--Lift & Sliding Door
--Others (French, Sliding, etc.)
By End User
-Residential
-Commercial
-Industrial
- Commercial segment witnessed considerable share in the Southeast Asia UPVC Windows and Doors Market during 2018-2022.
By Demand Type
-New Installation
-Repair & Replacement
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Southeast Asia UPVC Windows and Doors Market Geographic Reach:
The Geographic Reach of the Southeast Asia UPVC Windows and Doors Market evaluates the spread and significance of Southeast Asia UPVC Windows and Doors Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Indonesia
- Vietnam
- Malaysia
- Singapore
- Thailand
- The Philippines
- Rest of Southeast Asia
Note: If you require specific information not covered in the current report, we can provide it through customized option
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