U.S. window and door demand to surpass pre-downturn levels by 2016
Spurred by gains in construction spending and a rebound in housing completions, demand for windows and doors in the United States is forecast to rise 9.3 percent per year over the next several years, according to a new report from The Freedonia Group Inc. Total demand for the nonresidential and residential markets is expected to reach $34.2 billion by 2016, up from $21.2 billion in 2011.
The Cleveland-based market research firm reports that from 2006 to 2011, construction expenditures and housing completions dropped precipitously, causing window and door demand to experience a similar decline. Its new study projects total demand will recover and surpass pre-downturn levels by 2016.
Among material types, metal windows and doors will continue to lead the market in 2016; however, plastic windows and doors will see the fastest gains over the next few years, according to Freedonia analysts.
The 468-page report, "Windows and Doors," is available from The Freedonia Group for $5,300. Contact the firm at 440/646-0484 or email@example.com for more information.