The uPVC doors and windows market in India will continue to grow at a remarkable pace in the coming years with increasing product awareness, growth in residential units and massive construction work required to meet the housing needs. It has been estimated that the market will grow at a CAGR of over 35.1% and is expected to cross INR 158,348.7 million by 2020 in terms of revenue earned. Since, product pricing is an important concern while getting uPVC doors and windows from a local fabricator. The branded companies are targeting this uncertainty in the unorganized domain as their target area. Organized uPVC fabricators such as Fenesta, NCL Wintech, Window Magic, Aparna Venster and few others are targeting to improve the customer experience by offering them superior quality products and services which can develop trust amongst the consumers.
uPVC doors and windows market in India poses a lucrative opportunity since the share of uPVC windows in overall windows market has grown over the years. In comparison with developed markets such as Turkey, Europe, US where the share of uPVC window is around 90%, 55% and 38% respectively in FY’2015. The uPVC doors and windows market in India comprised of several small, medium and large scale players operating only in profile extrusion segment or performing fabrication and installation or both. 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 a small proportion of the overall uPVC doors and windows extrusion industry. Fenesta Building Systems emerged as the market leader by accounting for the majority market share in terms of revenue generated from profiles in FY’2015.
However, there are certain market challenges that are faced by the uPVC providers such as lack of standardization in the Indian market. Comparatively higher cost of uPVC products over other substitutes has been the major hindrance to the adoption of uPVC products in India. Lack of awareness about the uPVC benefits and long term return on investment has dented the growth of the industry to a large extent.
According to an industry veteran, “the companies can enter into various business and strategic alliances in all facets of its business. A company must have a good network base of raw material suppliers which would provide them the required materials in no time and a strong network of fabricators to cater to the demand across the country.”
“Appropriate business model selection is amongst major decision that a business has to make before starting its operations. Manufacturing or procurement of superior quality uPVC profiles compliant with that of international standards should be the prime focus for each company. An ideal business model should be the combination of quality extrusion and fabrication while extending the network presence in different regions through collaboration with fabricators.” according to the Market Research Analyst, Ken Research.
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 detailed overview on the India uPVC Doors and Windows Market and helps the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, uPVC fabricators and profile extruders, new players venturing in the market and other stakeholders to align their future growth strategies according to ongoing and expected trends in the future considering the recommendations and insights given in the report.
Fore more details visit : https://www.kenresearch.com/manufacturing-and-construction/construction-materials/india-upvc-doors-windows-market/23002-97.html
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