| Market & Trends |
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Demand for Windows & Doors in China to Approach 365 Billion Yuan 2014
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Demand for windows and doors in China is forecast to rise 7.7 percent annually to 364.5 billion yuan in 2014, a deceleration from the 2004-2009 pace but still among the fastest rates of increase in the world. Gains will primarily be driven by strong building construction activity, spurred by the country’s further industrialization and urbanization. A rise in the average size of a housing unit -- requiring more windows and doors per unit -- will also contribute to gains. These and other trends are presented in Windows & Doors in China, a new study from the Beijing office of The Freedonia Group, Inc., a Cleveland-based industry research firm.
Sales of windows are forecast to grow at an annual rate of 7.5 percent through 2014, reaching 253.5 billion yuan. Metal windows comprise about 60 percent of the market. The second most popular material is plastic, which is growing at the fastest rate and is taking share from metal windows, particularly in the residential market. Wood windows comprise a very small portion of the total, with their use generally limited to high-end residential construction.
Demand for doors in China is expected to advance 8.2 percent annually through 2014 to 111 billion yuan. In the door segment, wood is the dominant material due to its ubiquitous use in interior doors for both residential and nonresidential applications. The emergence of wood doors made from new composite materials, such as plastic/wood composites, will further support advances in overall wood door demand. Metal doors account for nearly a quarter of the door market in China where they mainly serve as entrance doors in both residential and nonresidential applications.
The residential market accounted for 54 percent of window and door demand in 2009. Demand in the residential market is projected to rise 7.4 percent per year to 192.5 billion yuan in 2014, boosted by growth in spending on residential construction, especially in the urban-based multifamily market. Demand for windows and doors in the nonresidential segment will grow faster, rising 8.1 percent per year, due to strong construction activity in institutional and industrial markets.
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© 2010 by The Freedonia Group, Inc.
Windows & Doors in China (published 06/2011, 262 pages) is available for $5,300 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same – including, if possible, the price of the report – is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
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July 11th, 2011
Source: The Freedonia Group, Inc. |
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