US Window & Door Demand To Reach $36.5 Billion By 2010

US window and door demand is projected to increase 3.3 percent annually  through 2010 to $36.5 billion, a deceleration from the 2000-2005 period due to a  sharp drop in single-family housing completions.

This will be offset, to some extent, by  a strong rebound in nonresidential construction. The differing fortunes between these  two markets will have a significant impact on window and door materials. For example,  demand for wood windows, used primarily in residential buildings, will increase less  than one percent per year while metal doors, largely purchased for nonresidential  construction, will advance nearly four percent annually. These and other trends are  presented in Windows & Doors, a new study from The Freedonia Group, Inc., a  Cleveland-based industry market research firm.  Plastic windows and doors will continue to make inroads as a replacement for  both wood and metal products, with demand increasing 6.5 percent annually.

Plastic  materials (e.g., vinyl, fiberglass, and wood-plastic composites) have primarily rivaled  wood products in the residential market, due to their advantages in terms of high energy  efficiency, low maintenance requirements and relatively low costs. However, plastics  have made less progress in nonresidential markets, due to durability concerns.  Nonetheless, plastic’s share of total value demand has risen from 15 percent in 2000 to  20 percent in 2005 and is expected to reach 23 percent by 2010. This share is even  higher when measured in units due to the lower cost of these products.  The residential market accounted for over three-quarters of window and door  demand in 2005. This is not only due to the size of the residential construction

industry, but also because this market tends to place a higher value on aesthetics and  energy efficiency, which leads to the use of higher-cost products, such as wood  windows and doors. Furthermore, several trends in housing characteristics continue to support growth in window and door demand per residential structure, including  increases in the number of windows per home and the growing popularity of patios and  decks.

The large stock of existing homes also provides a base for improvement and  repair purchases of window and door products. In fact, while the new residential market  for windows and doors will decline through 2010, the improvement and repair market  will grow 6.0 percent annually.

600450 US Window & Door Demand To Reach $36.5 Billion By 2010 glassonweb.com
Date: 24 February 2007
Source: Freedoniagroup

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