India uPVC Doors and Windows Market Outlook to 2020 - Growth in Residential Apartments and Development of Smart Cities to Drive Future

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Oct 04, 2016, 08:19 ET

LONDON, Oct. 4, 2016 /PRNewswire/ -- Executive Summary

The report titled "India uPVC Doors and Windows Market Outlook to 2020- Growth in Residential Apartments and Development of Smart Cities to Drive Future" provides a comprehensive analysis of the uPVC Doors and Windows Industry in India. The report covers various aspects such as market size of the uPVC doors and windows on the basis of revenues at profile extrusion level and consumer end sales i.e. fabricator level, segmentation on the basis of doors and windows, regions, major cities, application sector, organized and unorganized, raw material procurement, and major product types for doors and windows. The report also entails detailed competitive landscape of major players in extrusion and fabrication segment along with the Government rules and regulations governing the market. An analysis of the future of the uPVC doors and windows market in India is provided on the basis of revenues transferred over next five years.

In India, uPVC was still a new concept and was characterized by low penetration, about 7% in overall doors and windows market. Several small-midsized local fabricators supplied economical uPVC products; however, their quality was far inferior and non-compliant to international standards. Hence, quality and price remains to be the most important concerns that need to be taken into consideration by the builders and consumers. Large organized companies such as Fenesta, NCL Wintech, Window Magic, Encraft, Profine India, VEKA India and others have been focused on delivering high quality uPVC products and spread awareness about the several tangible and intangible benefits of uPVC to compete and sustain in this industry.

The uPVC doors and windows market has witnessed a significant growth during the FY'2010-FY'2015. The market has been growing majorly due to rising awareness amongst builders and consumers, rapid urbanization, growth in residential units and increased adoption of eco-friendly and energy conserving products to comply with government's initiative of Energy Conservation Building Code. The uPVC doors and windows market has been valued at INR ~ million during FY'2015 and the market has grown remarkably from INR ~ million in 2010 at a CAGR of ~% during the review period FY'2010-FY'2015.

Owing to significant difference in the number of typical door and window installed in any particular room, the demand for uPVC windows was greater than of doors in the Indian market. In FY'2015, the uPVC windows market accounted for about ~% of the overall market, in terms of revenue. Therefore, the uPVC windows market registered annual revenues of INR ~ million as compared to INR ~ million for uPVC doors market. Major demand for uPVC doors and windows in Indian market was witnessed from residential apartments, premium hotels and institutions including school, colleges and office complexes.
The residential sector accounted for the maximum share of ~% of the uPVC doors and windows market in India in terms of revenues. Lack of standardization by the government authorities and lack of awareness about the quality standards amongst the consumers have allowed the unorganized sector to flourish. Moreover, Indian consumers being price sensitive have increasingly opted for lower priced, inferior quality products to lower their overall expenditures. The unorganized sector accounted for ~% of the market share and registered revenues worth INR ~ million.

Fenesta, NCL Wintech and Aparna Venster are some of the companies operating in profile extrusion, fabrication, installation and after sales customer service for their uPVC products. In the extrusion space, the organized sector comprised about ~% of the overall uPVC doors and windows extrusion industry. Fenesta Building Systems emerged as the market leader by accounting for about ~% of the market share in terms of revenue generated from profiles in FY'2015. The organized sector of this industry is quite consolidated, with top five major players accounting for over ~% of the market share in terms of revenue.

Indian consumers have been largely unaware about the several benefits of uPVC doors and windows which ultimately have a higher return on investment in the long term for the usually higher priced uPVC products. Adoption of uPVC products in India have been dented by the lack of awareness about energy conservation, eco-friendliness, low maintenance and highly durable products. From extrusion to installation, the cost of uPVC doors and windows is higher as compared to conventional aluminium, steel or timber products. However, it's the initial installation cost that is on the higher side. Looking at the return on investment, since uPVC products have a considerable long life cycle and low maintenance coast as compared to their counterparts, it fares similar to the timber or aluminum products. The market is further expected to reach INR ~ million in FY'2020 from INR~ million in FY'2015 in terms of revenues.

Key Topics Covered in the Report
- Market Size of India uPVC Doors and Windows Market by Revenues
- Market Segmentation of India uPVC Doors and Windows Market by
Regional Distribution
Major Cities
Doors and Windows
Application Sectors
Type of Products
Organized and Unorganized
Raw Material Procurement
- Comparative analysis of Major Players in India uPVC Doors and Windows Market with their Strengths and Weaknesses
- Pricing Analysis of uPVC Doors and Windows of Major Players
- Porter's Model for uPVC Doors and Windows Market
- Government Regulations in India uPVC Doors and Windows Market
- Company Profiles of Major Players in India uPVC Doors and Windows Market
- Recommendations on where to position in India uPVC Doors and Windows Market Future Outlook
- Investment Model to Setup and Extrusion Plant in India uPVC Doors and Windows Market
- Cause and Effect Relationship between Industry Factors and Growth of India uPVC Doors and Windows Market
- Analyst Recommendations for companies in India uPVC Doors and Windows Market
- Macro Economic Parameters affecting the growth of India uPVC Doors and Windows Market

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