Global windows and doors demand is projected to advance 4.5% per year to $214 billion in 2021. The US and China will drive demand as they account for 65% of the global sales growth over this period. Increased spending on new office and commercial buildings in China, and the ongoing strength of new home construction in the US will support this demand. These and other trends are presented in Global Windows & Doors, 8th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
New residential construction accounted for the largest share of windows and doors demand in 2016 and will continue to do so going forward, totaling 35% of the market in 2021. The Africa/Mideast region will see the fastest growth for this market, as rising income levels and increased rural-to-urban migration rates are supporting the purchase of new, formal housing units.
In terms of window products, plastic will account for the largest share of overall sales growth in value terms in 2021. The cost and performance advantages of PVC products, especially in developing regions where market penetration has not advanced as far as in higher income areas, will spur this growth.
Global Windows & Doors, 8th Edition (published 12/2017, 439 pages) is available for $6700 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
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