Lucintel Anticipates Global Window Profile Market to Experience Good Growth During 2013-2018
Irving, TX, January 25, 2014 --(PR.com
)-- The global window profile market is estimated to experience 5% CAG Rduring 2013-2018 and offer good growth opportunities to the industry stakeholders. A moderate share of this increase can be attributed to the rising cost of raw materials, part of which will be passed, at some point, to end consumers. The FRP window profile market is highly price sensitive. FRP window profiles are 20% to 50% more expensive than competing materials.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the global window profile market and presents its findings in “Growth Opportunities in FRP Window Profile Market 2013-2018: Trends, Forecast, and Market Share.” From the analysis presented in this report, FRP window profile manufacturers will recognize that valuable opportunities exist in the window profiles market due to impressive trends in demand quantity and growth, based on the various application markets and regional factors.
Lucintel analyses that one issue that could be classified as a potential negative concern is the industry-wide ability to attract and retain the best level of qualified talent. A number of respondents stated that this was their primary or secondary concern. In recent years, no new technology has been introduced to improve the growth of the global window profile industry.
The report describes that the future of the global window profile industry looks bright with tremendous opportunities in building and construction industries. The pultrusion process is one of the lowest cost composites manufacturing processes. It competes well with aluminum, PVC, and wood based on life-cycle cost of the product.
Industry fundamentals will continue driving towards continuous cost reduction and low-cost-to-serve models, in which customers will only pay for the product functionality and services they believe are essential.
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