Door & Window Market is Expected to Witness a Substantial Growth Through 2025
Rapid infrastructural
activities and improving economic factors are acting as key growth drivers for Qatar
door & window market.
According
to TechSci Research report, “Qatar Door & Window Market By Product Type (Door & Window), By Material Type
(Metal, Wood, Plastic & Others), By End User (Residential, Office, Retail,
Education, Hospitality, Healthcare & Others), By Region, Forecast & Opportunities,
2025”, the market is anticipated to undergo a substantial CAGR
during the forecast period. Key factors propelling the growth of Qatar door
& window market are strong growth in furniture industry, improved standard
of living and rapid infrastructural development activities. The country is
witnessing rise in construction of new commercial and residential spaces which
is leading to high demand for doors and windows. Moreover, rise in per capita
disposable income and improving economic conditions of the country are also
serving as major growth factors for Qatar door & window market. With entry
of foreign door & window exporters and rise in demand for modern designs,
the market is poised to grow significantly over the next five years.
Additionally, manufacturers are coming up with low
cost and low maintenance doors & windows which is attracting new customers.
The market is also observing replacement of aluminum by eco-friendly plastic
owing to growing awareness towards environment protection. Furthermore,
availability of advanced designs such as fully reversible windows and doors is
also expected to propel the growth of Qatar door & window market through
2025. The increasing population and government’s initiatives to offer affordable
housing to people are other significant factors supporting the growth of this market.
Apart from this, Qatar is also witnessing increasing consumer spending on home
improvement and renovation activities which is providing profitable growth
opportunities for door and window manufactures.
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Qatar
door & window market can be segmented based on product type, material type,
end user, distribution channel and region. Based on material type, the market can
be categorized into metal, wood, plastic, and others. Among them, the plastic
segment witnessed high demand in 2019 and is further anticipated to dominate
the market over the forecast period owing to growing demand for uPVC doors and
windows in the country. Moreover, these windows & doors are finding wide
application as they are light weight, durable, corrosion resistance and provide
ease of installation. uPVC doors and windows are also being used as a
substitute of wood and are considered a reliable building material.
Based
on end user, Qatar door & window market can be segmented into residential,
office, commercial, education, hospitality, and others. Among them, the residential
sector is expected to lead the market during the forecast period owing to the
increasing residential construction activities in the country. Moreover, with
rise in per capita disposable income, people are spending more on home
aesthetic items which is also fostering the growth of door & window market.
Major players operating in Qatar door
& window market are Nabco Group, AL Abdulkader
Furniture Co. Ltd., Al Sharq Furniture, Garnet Furniture & Decoration Co
WLL, Flexwindows and QATAR KUWAIT COMPANY FOR UPVC, among others. Leading
market players are undergoing growth strategies such as new product launches
and introducing latest designs to enhance their product portfolio in Qatar door
& window market. Other growth strategies include mergers &
acquisitions, partnerships, and joint ventures.
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“Qatar door & window market depends majorly on
imports and low import duties are acting as booster for the market. Also, rise
in number of furniture retail chains is augmenting the door & window market
growth. Furniture companies are now including latest technologies in door &
windows which is expected to give an edge to the growth of Qatar door &
window market in coming years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Qatar
Door & Window Market By Product Type (Door & Window), By Material Type
(Metal, Wood, Plastic & Others), By End User (Residential, Office, Retail,
Education, Hospitality, Healthcare & Others), By Region, Forecast & Opportunities,
2025” has evaluated the future growth potential of door
& window market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Qatar door & window market.
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