Markets

WDMA 2018 Market Study Shows Solid Growth Ahead

The Window and Door Manufacturers Association (WDMA) recently released its 2018 U.S. Industry Market Study, a report that provides data and insights into the industry’s performance, key trends, and future direction. The report is based on product shipments in 2017 and was prepared by The Farnsworth Group.

Overall shipments of residential windows grew 7.4 percent to 46.4 million units in 2017, while sliding patio doors grew 5.5 percent to 2.9 million.

Hinged patio doors grew 6.2 percent to 1 million units and entry doors grew 7 percent to 10.4 million units. Growth among all sectors is expected to continue, but will cool for all but entry doors heading into 2020.

Freedonia Expects Steady Growth in Commercial Segment

Sales among commercial doors and windows are expected to grow at a rate of 3.7 percent per year over the next four years, according to a recent report published by The Freedonia Group. The Cleveland-based industry research firm cites increases in construction spending among offices, retail, lodging and institutional structures as driving factors. Steel doors and aluminum windows will continue to lead the way for commercial products, based on perceptions of strength and durability, the report suggests, though vinyl and fiberglass doors and windows are forecasted to see the fastest gains.

To view the laid-in version of this article in our digital edition, CLICK HERE.