The report titled “India uPVC Doors and Windows Market Outlook to 2023 - By Fabrication and Extrusion Segment, By Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata), By Raw Material Procurement, and By Application (Residential, Retail, Hotel, Hospital and Institutional)” provides a comprehensive analysis of UPVC Doors and Windows in India. The report focuses on overall market size, UPVC Doors and Windows market segment by Fabrication and Extrusion, UPVC Doors and Windows, By Regions (Northern, Southern, Western and Eastern), by Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata and Others), by Market Structure (Organized and Unorganized), by Raw Material Procurement (Imported and Local Market), by New Construction and Renovation, and by Applications (Residential, Retail, Hotel, Hospital and Institutional). The report also further classifies UPVC Doors market by Type (Sliding and Casement Doors), and by Location of Doors (Patio Doors, Interior Doors and Others) and UPVC Windows Market by Type (Gliding & sliding Windows, Casement Windows, Fixed Windows, Single and Double Hung Windows and Others), by Single or Double Glazed Windows, and by Glass Type (Clear, Reflective, Tinted, Frosted and Others). The report also covers the overall competitive landscape of major companies such as Fenesta Building Systems, NCL Wintech, Aparna Venster, Encraft India, Rehau, LG Hausys, Deceuninck, Profine India, VEKA India, Window Magic, Lingel Germany, Aluplast India, Dhabriya Polywood Ltd, Lesso Buildtech Private Limited, Torfenster Systems (India), ADO (India) Private Limited. The report concludes with market projections and analyst recommendations.
India UPVC Doors and Windows Market
UPVC Doors and windows fabrication and extrusion technology and practices are pioneered by German Companies which have set up their subsidiaries in India and are currently dominating the market in uPVC doors and windows. India uPVC doors and windows market is mostly a made-to-order industry wherein the fabrications of products are done only after an order is placed by the consumer as per their customized needs. Only a handful of companies (majorly Indian subsidiaries of international companies) have their own extrusion units in India. Fenesta Building Systems, NCL Wintech, Encraft, Profine India, Welltech Systems and Sara Elgi Arteriors Limited are some of the companies having in-house extrusion lines for production of uPVC doors and window profiles. On an average, a medium to large sized company in this industry has a SKU of 200-300 MT of uPVC profiles.
India uPVC doors and windows market has witnessed meteoric growth between FY’2013-FY’2018. Growing awareness about the benefits of uPVC products, rapid urbanization, high migration of working class population to urban cities, increased personal disposable income and rise in residential units contributed to the steady growth of this industry.
The market of uPVC doors and windows was majorly driven by the demand from high and medium end residential apartments and hotels in metro cities. Delhi accounted for the dominant share in the market revenue in FY’2018 followed by Bangalore, Mumbai, Chennai and Kolkata. India uPVC doors and windows market is largely dominated by unorganized players and highly segmented due to presence of several medium and small scale companies.
Trade Scenario
In order to be price competitive in the market, a vast majority of the companies have found it cost effective to import cheaper raw materials instead of procuring it from the companies producing domestically. The import inclined during FY’2013-FY’2015 due to high domestic demand and expiry of antidumping duty imposed by the government of India on imports of PVC suspension grade from China, Chinese Taipei, Indonesia, Japan, Malaysia, South Korea, Thailand and the US.
Trades slumped in FY’2015 and continued to decline in FY’2016 and the trend repeated in FY’2018 after a slight pickup in FY’2017. This is mainly due to slowdown in construction sector in the country and revised antidumping duties imposed by the government of India in April 2014 on PVC imports into the country in the range of USD 9.47-147.96 per tonne.
Competition Scenario in India uPVC Doors and Windows Market
The uPVC doors and windows market in India comprised of several 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 manufacturing, fabrication, installation and after sales customer service for its uPVC products. The industry is in its growth stages of market potential and is currently driven by moderate margin and reasonable sales volume. In FY’2017, Rehau Polymers accounted for the largest share in the overall uPVC doors and windows market followed by NCL Wintech, Finesta India Limited, Lesso Buildtech and Profine India.
Future Projections and Outlook for India uPVC Doors and Windows Market
The market is expected to expand synergistically in the mid-long term due to several driving factors including shortage of household units in the country, central government’s initiatives to develop affordable housing for all by 2022 and build several smart cities across the country. The industry is expected to grow stupendously at a CAGR FY’2018-FY’2023. In the mid-long term, market share of windows is expected to steadily incline further as the industry matures and gains traction.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
