The most recent study conducted by Report Ocean, titled “Global Louvre Windows Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Louvre Windows. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Louvre Windows Market is valued approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. The Louvre Windows can be defined as window type comprised of parallel and horizontally arranged blades, laths, slips of wood, glass, and metal. These blades are fixed at an angle to allow air and light to pass through while preventing rain and direct sunlight from entering the building. The growing residential construction spending worldwide and increasing technological advancements in louvre window products as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista- during 2020, the value of new constructions put in place in the United States were valued at USD 1500 billion, and it is projected to grow to USD 2000 billion by 2025.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Furthermore, leading market players are working towards strategic initiatives such as partnership to capitalize the growing adoption of Louvre Windows. For instance, in December 2019 – Australia based Safetyline Jalousie louvre windows announced partnership with leading Australian distributor of aluminium, Darley Aluminium. Under this partnership, Darley Aluminium would be working as official distributor for Safetyline Jalousie louvre windows across Australia.
Also, rapid urbanization in emerging markets and rising government baked investment towards infrastructure development are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, availability of alternatives coupled with volatile cost of raw materials impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Louvre Windows Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing residential construction sector and presence of leading market players. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rapid urbanization and increasing penetration of leading market players in the region, would create lucrative growth prospects for the global Louvre Windows Market across the Asia Pacific region.
Major market players included in this report are:
G. James
Premium Aluminum Ltd.
Window Expert Industries Private Limited
Encraft
Safety line Jalousie
Breezway Australia Pty Ltd
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B&W Windows Group
G. JAMES PTY. LTD
DURALCO
Optima Window
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type
Wood
Glass
Metal
Others
By Louvre Type
Stationary
Adjustable
By Operation Type
Manual
Motorized
Automatic
By End Use Industry
Residential & Commercial Buildings
Manufacturing Plants
Others
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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