Storefront Design & Installation Services Market Trends
Category Intelligence on Storefront Design & Installation Services covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
Industry Outlook & Drivers
Global Storefront Design & Installation Services Market Outlook
- Suppliers with the right capabilities and relevant experience have a high negotiation power, as they can be categorized as a niche market for large works
- Entry barriers are higher for new entrants as the availability of expertise for complex works is necessary
- Rivalry between competitors is comparatively high due to the emergence of Chinese suppliers on account of growing demand for retail and commercial construction
- Less number of projects and small spend projects might result in low bargaining power. However, complexity and scale of the projects will increase the buyer power
- The buyers have standardized the designs and products for storefronts, which has encouraged them to approach the manufacturers directly
Market Overview - Storefront Design & Installation Services
In 2017, the facade market has been valued at $184 billion globally, and the curtain wall industry is valued at $41.6 billion. The façade market is anticipated to have a CAGR of 7.3 percent. The global market for windows and doors used in the overall construction is estimated to reach $260 billion by 2024. The overall industry is expected to grow at 3.5 percent annually from 2018 to 2024. North America and Europe constituted to more than 40 percent of the market in 2017
Market Overview - Glass Storefront Products
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The global market for construction glass used in windows/storefronts has been value at $94.8 billion in 2017, and the global demand is expected to grow at a CAGR of 5.98 percent annually. APAC holds the largest share of 60.7 percent in the global construction. About 80 percent of flat glass manufactured globally is used in the construction industry glass market.
Construction Glass Market Outlook
- Growth in the global construction glass is expected to continue in the coming years, with a positive growth of 7 percent until the end of 2023, owing to increasing demand and technological advancements in the industry, especially in the emerging and developing markets
- APAC is the largest consumer of construction glass in the world, with over 60 percent of the market share. Urbanization is a major driver for the demand for construction glass. Increasing commercial and industrial construction in the near future will provide a boost to the demand in the market
Flat glass Market Outlook
The flat glass market is expected to grow by $160 billion by 2025. Flat laminated glass, mainly used in the construction and automotive sectors, is expected to reach $40 billion by 2024. Tempered and laminated glass constitute to the largest share in the flat glass market
Market Overview - Commercial Glazing & Curtain Wall
Commercial Glazing Market:
- The total market size for construction market glass is $94.8 billion in 2017. Major growth is expected in APAC and North America in the next 5 years
- Glazing industry in America and Europe is highly fragmented. In China and Japan, the industry is comparatively more consolidated, as supplier capability for high-end commercial systems remains low
