India uPVC Doors and Windows Market is expected to reach over INR 15,000 crore by FY’2020 in terms of the revenues: Ken Research

Bengaluru, May 19, 2016: Ken Research announced its latest publication on “India Upvc Doors and Windows Market Outlook to 2020 – Growth in Residential Apartments and Development of Smart Cities to Drive Future” which provides a comprehensive analysis of the uPVC Doors and Windows Industry in India. The report covers various aspects such as market size of the uPVC Doors and Windows on the basis of revenues, segmentation on the basis of type of products, regional distribution, application sectors and detailed competitive landscape of major players in extrusion and fabrication segment. The report is useful for industry consultants and analysts, company managers and owners and new players venturing in the market.

Lack of standardization by the government authorities and lack of awareness about the quality standards amongst the consumers have allowed the unorganized sector to flourish. Moreover, Indian consumers being price sensitive have increasingly opted for lower priced, inferior quality products to lower their overall expenditures. The unorganized sector accounted for majority of the market share. 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 of small share of the overall uPVC doors and windows extrusion industry. Fenesta Building Systems emerged as the market leader in terms of revenue generated from profiles in FY’2015. The organized fabricator sector of this industry is quite moderately fragmented, with top five major players accounting for about 25-30% of the market share in terms of revenue.

According to the research report, in the forecasted period till FY’2020, the market is poised to grow and likely to report revenues worth INR 15,000 crore by FY’2020.

“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.

Corporate Comm India (CCI Newswire)