Residential window and door demand to top USD 25 billion by 2020

Oct 3, 2016 | Markets | 0 comments

U.S. – Residential window and door demand in the United States is projected to grow 6 percent per year through 2020 to USD 25.6 billion, according to a new report.

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Demand saw steep declines following the housing construction collapse and economic recession, but began to recover in 2012 following improvements in new housing construction, according to a press release about the report, Residential Windows & Doors, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Through 2020, continued growth in new housing construction is projected to drive gains, as will an expected acceleration in demand for windows and doors in improvement and repair applications. Rising home values and increases in existing home sales will further boost demand in remodeling applications.

Among material types, plastic will post the most rapid growth through 2020. Consumer interest in plastic’s performance properties, including high energy efficiency, minimal maintenance requirements, and generally low costs, will help it to continue to gain market share over wood and metal products used in exterior applications. Despite plastic’s gains, wood will continue to account for the largest share of the US residential window and door market, primarily due to its dominance in interior doors. Metal accounted for the smallest share of windows and doors for residential applications in 2015; however, it maintains a significant market share in some product types, particularly garage doors. The full study can be found here.

 

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