U.S. demand for doors and windows is expected to rise 4.8 percent annually to $34.3 billion in 2021, according to a new study from The Freedonia Group, an international industry market research company based in Cleveland, Ohio.

Growth will be powered by ongoing gains in construction spending, including the recovery of the U.S. housing market and growth of non-residential construction. Also driving growth will be an increased demand for costlier, better-performing products thanks to more stringent energy codes and requirements for impact-resistant products in coastal areas. Another major growth area will be windows with  customized styles, the report says.

Vinyl windows will remain the dominant window type through 2021, according to the report. Additionally, more building owners and architects are demanding windows made from fiberglass and wood-plastic composites because they offer superior energy efficiency and durability.

The residential market is expected to be the strongest market segment thanks to continued gains in housing starts, according to Freedonia. Home buyers are demanding premium windows with different looks, including casement, horizontal sliding and specialty styles. That is boosting the average cost for windows.

Window manufacturers have engaged in significant acquisition activity during the past two years, expanding their product range and capturing growing shares of their target markets. According to DWM blogger and columnist Mike Collins of Chicago-based Building Industry Advisors, there were 16 mergers and acquisitions in the door and window industry in 2016, down from 21 in 2015.

For example, Pella bought both Reilly Windows and Doors and Duratherm Windows in 2016. PGT Innovations of Florida expanded into commercial applications via its 2016 purchase of US Impact Systems. It also enlarged it portfolio of impact-resistant products when it acquired WinDoor in February 2016.

For more information or to order the report, follow this link.

Leave a Reply

Your email address will not be published. Required fields are marked *