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.                                                           

Southeast Asia UPVC Windows and Doors Market Dynamics:

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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Southeast Asia UPVC Windows and Doors Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Product Type
• UPVC Windows- Market Size & Forecast 2018-2028, (USD Million)
• Casement Window
• Sliding Window
• Bay Window
• Others (Fixed, Tilt and Turn, etc.)
• UPVC Door- Market Size & Forecast 2018-2028, (USD Million)
• Slide & Floor Door
• Casement Door
• Lift & Sliding Door
• Others (French, Sliding, etc.)
• By End User
• Residential- Market Size & Forecast 2018-2028, (USD Million)
• Commercial- Market Size & Forecast 2018-2028, (USD Million)
• Industrial- Market Size & Forecast 2018-2028, (USD Million)
• By Demand Type
• New Installation- Market Size & Forecast 2018-2028, (USD Million)
• Repair & Replacement- Market Size & Forecast 2018-2028, (USD Million)
• By Country
• Indonesia
• Vietnam
• Malaysia
• Singapore
• Thailand
• The Philippines
• Rest of Southeast Asia

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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.

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