With the gains exaggerated by an extremely weak 2010 base in the developed world–particularly in the United States–demand is expected to reach $192 billion by 2015.
The Cleveland-based market research firm says demand for windows and doors in the residential building construction market will outpace demand in the nonresidential building construction market, noting that in most developed countries the residential market was far more adversely impacted by the recession in 2009 and 2010. Through 2015, demand for energy-efficient windows and doors will rise faster than the overall market because of increasing consumer awareness and government support in the form of tax credits. Sales of blast-resistant doors will also see above-average gains, especially in the nonresidential market in developed countries due to persisting security concerns.
Read more: www.windowanddoor.com/news-item/markets/global-window-door-demand-grow-68-annually-through-2015
Global Window & Door Demand to Grow 6.8% Annually Through 2015
Date: 21 October 2011
Source: http://www.windowanddoor.com
Significantly exceeding the pace of growth registered between 2005 and 2010, global demand for windows and doors is forecast to rise 6.8 percent per year through 2015, according to a new study from the Freedonia Group.