US door and windows demand to exceed US$34 billion
Among material types, plastic doors and windows will see the fastest gains through 2016, advancing nearly 12 percent per year to US$9.8 billion. Growth will be driven by continuing demand for plastic products because consumers perceive them as energy-efficient and providing a high degree of value, according to the report. Plastic doors and windows have taken market share from wood and metal products in recent decades and will continue to do so over the forecast period. Efforts by manufacturers to improve the aesthetics of plastic products by offering fiberglass doors with wood-grain textures or vinyl windows in a wider range of colors will promote demand in both unit and value terms.
Metal doors and windows accounted for the largest share of door and window demand in 2011, and are expected to continue to lead the market in 2016, the report states. Rebounding housing activity will spur gains. Population growth in the South and West will promote demand, as metal products are often installed in those regions because there is less concern about heat loss through fenestration products. Increasing nonresidential building construction spending will also boost metal door and window demand. Metal products are often installed in nonresidential structures because of their durability and low cost.
Demand for wood doors and windows are forecast to rise 10.2 percent per year to US$10.4 billion in 2016. Demand for wood products will be checked by competition from plastic doors and windows. However, consumer perception of wood as an aesthetically pleasing material that adds value to a home will help boost demand, according to the report. Many builders and homeowners, especially in the mid-range and high-end housing markets, will continue to specify wood products.
Copyright 2004-2013 © Innovatek Ltd. All rights reserved.