According to “Windows & Doors,” a new study from The Freedonia Group, U.S. demand for windows and doors is forecast to rise 2.8% annually to $40 billion in 2012, a deceleration from the 2002-2007 pace. Demand gains will be restrained by a subdued outlook for residential construction, which constitutes the largest market for windows and doors. While the U.S. housing market is projected to post a modest recovery through 2012, the level of housing completions will be only slightly higher than in 2007.
Also restraining gains will be a slight decline in average floor space per new housing unit, which will mean the new homes will require fewer windows and doors. Spending on residential improvements is also expected to moderate through 2012, limiting advances in the improvement and repair segment of the residential market.
Demand for windows is projected to advance 3.7% per year through 2012, due to increasing interest in energy efficiency. Consumers looking to reduce heating and cooling costs will replace older windows with more efficient models. Metal windows will account for the most rapid gains in demand through 2012. Demand for doors will grow 2.4% per year through 2012, reaching $23.2 billion. Plastic doors will account for the most rapid gains in demand, as consumers opt for fiberglass entry doors and fiberglass or vinyl patio doors.
Additional details are available at www.freedoniagroup.com