Aluminum Frame Market (By Type: Exterior Walls, Curtain Walls, Interior, Picture Frames; By Application: Commercial, Residential, Other Applications) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Category : Construction and Manufacturing | Delivery Format : PDF | Status: Published | Pages : 133

The global aluminum frame market size is poised to hit the market value of around $14.5 billion by 2025 and is projected to raise at a CAGR of around 3.5% in terms of revenue amid the forecast period 2018– 2025.

Introduction

Aluminum Frame is a rigid aluminum structure that surrounds a picture, door or a windowpane. Aluminum frames have long been used in buildings and have a significant market size in the global scenario. Aluminum windows are recognized for being long-lasting and rugged and work well with modern and sleek style. They allow daylight to pass and are low maintained particularly if they are not painted. They don't wear in sunlight, and don't wear wood, fiberglass, or vinyl windows with some common damage problems.

Market Dynamics

One of the major drivers for the growth in this market segment is the rapid growth of construction sector. Over the last few years, segments, such as healthcare, education, technology, manufacturing and IT industries, have been growing considerably. The number of hospitals, schools, business parks, and other facilities is increasing every year due to demands of the growing population and technological advances. Also, numerous residential and commercial construction activities taking place in different parts of the world to accommodate the increasing population will drive the market of aluminum frames. A price of aluminum frames is expected to decline gradually; however, the declines would be minor year on year. Curtain walls are expected to witness highest price falls as they are anticipated to gain significant adoption in the coming years.

Based on different consumer preferences, the major market segment that grabs the prime share was interior walls wherein aluminum frames are used in the interior walls of a commercial or residential space to fit windows and doors are major aspects which help interior segment to dominate the market. Exterior walls too occupied significant interest of the consumers as it held the second largest share in the market. Curtain walls in commercial buildings to improve the look and design of the building and for energy management has been another top choice of the consumers for aluminum frames.

Product Insights

Exterior walls require rigid and high strength framing solution that can withstand adverse environmental conditions such as heat, cold, and storm. Aluminum frame are used in exterior walls of commercial and residential buildings in window and door frames. Owing to its long lasting durability, it is still preferred by customers across various applications. Thus, the market in exterior segment is driven by growing use of aluminum frame in large number of building applications. One of the major drivers for the growth in this market segment is the rapid growth of construction sector. Over the last few years, sectors, such as healthcare, education, technology, manufacturing and IT industries, have been growing considerably. The number of hospitals, schools, business parks, and other facilities is increasing every year due to increasing population and technological advancement in construction industry. Also, numerous residential and commercial construction activities are taking place in different parts of the world to accommodate the migrant population. Curtain walls give rich and modern look to buildings and are hence, being preferred by end users of aluminum frame market.

Interior aluminum frames segment is being driven by high usage of these frames in buildings interior room windows, doors, and racks. As residential users look forward to have fresh air ventilation in their apartments, they prefer having more windows and doors to bring in fresh air into their houses. Aluminum frames are lightweight and durable frames that can hold windows and doors in interior walls will anticipate to increase the interior aluminum frames market in the forecast year.

Picture frames are widely popular among commercial and residential customers as they improve the overall appearance or beauty of the room. Aluminum picture frames are light weight and low cost as compared to their counterparts hence, they are preferred by the end users. Therefore, cost effectiveness and light weight attribute of aluminum frames is driving the market in the global marketplace.

Application Insights

Commercial doors are more widely used than other doors in private homes and commercial doors. Durability, stylistic variety, affordability, easy installation, and eco-friendliness are some of the key driving factors for the commercial aluminum framing market. Residential aluminum frames market is primarily driven by high usage of aluminum frames in interior and exterior walls of residential homes. In residential buildings, aluminum frames are used as windows and door frames owing to their low cost and durability. Furthermore, these frames can come in various colors which further add to their adoption in residential customers. Other applications of aluminum frame include education institutions and research buildings. In academia, aluminum curtain walls are highly popular as they provide superior look to the institutional buildings.

Regional Outlook

In terms of buyer penetration into different geographies, Asia-Pacific was the leading regional market for aluminum frames led by high consumer adoption and rapidly growing commercial infrastructure in many countries. Japan is one of the mature markets in the Asia Pacific region and is further expected to expand at a significant growth rate of 3.6% in the coming years. Europe held the second largest market share and the region is anticipated to showcase strong growth prospects led by significant demand from commercial sector for curtain wall application. Robotized aluminum frame production is one of the key highlights of this market in order to meet the growing demand. North America represents one of the mature markets for aluminum frames where consumer penetration is high however; the region is further anticipated to observer surge in its market share over the forecasting phase. On the other hand, curtain walls are expected to experience fastest growth over the forecast period owing to modernization of old commercial spaces in the region. The U.S. is expected to contribute more to the overall growth however; the North American market would also receive considerable support from Canada where consumer penetration is further anticipated to increase.

The market research study on “Aluminum Frame Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025” offers a detailed insights on the global aluminum frame market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global aluminum frame market, by type, application, and major geographic regions. Secondly, the report covers global aluminum frame market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The aluminum frame market analysis is provided for major regional markets including North America, Europe, Asia Pacific, RoW. For each region, the market size and volume for different segments has been covered under the scope of report. Since the market is highly fragmented, the leading players are investing heavily in emerging regions and are using international trade as a media to spur their revenues and achieve global dominance.

Key Players and Strategies

The players profiled in the report include Jiangsu Akcome Science & Technology Co., Ltd., Milgard Manufacturing Incorporated., FRAME-WORLD, Panda Windows and Doors, LLC, MiniTec, Commercial Architectural Products, Southwest Aluminum Systems, and Others.

The market in regions such as Europe and North America are significantly saturated and as such the manufacturers in this region are focusing on capitalizing on the opportunities presented by the emerging nations such as India, Brazil, and Indonesia. The manufacturers are making their presence strong on online distribution channels thereby accepting bulk orders from outside their manufacturing locations. Furthermore, many key manufacturers are operating in various countries across both Europe and North America, and thereby having strong presence in these markets. Thus, since the market is highly fragmented, the leading players are investing heavily in emerging regions and are using international trade as a media to spur their revenues and achieve global dominance.

The global aluminum frame market is segmented as below:

Market Segmentation

Market By Type

  • Exterior Walls
  • Curtain Walls
  • Interior
  • Picture Frames

Market By Application

  • Commercial
  • Residential
  • Other Applications

Market By Geography

  • North America
  • Europe
  • Asia Pacific
  • RoW


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