CLEVELAND – Global demand for windows and doors is forecast to grow 4.3% per year to $167 billion in 2013. This is roughly one half of the pace achieved between 2003 and 2008, according to a new report released by The Freedonia Group Inc., an industry research firm.
According to Freedonia, much of the deceleration will be caused by projected declines in prices for plastic and metal windows and doors from their elevated 2008 level. A weak outlook for building construction in the large West European market will also hinder gain.
Demand In China will account for more than half of the expansion and is expected to overtake the United States as the largest market for windows and doors.. Window and door demand in China is forecast to rise nearly 12% annually to $40 billion in 2013. China’s expansion will be driven by the rapid growth of building construction, especially in nonresidential markets.
North American window and door demand is expected to increase 3.6% annually and reach $41.3 billion in 2013.
Plastic windows and doors are projected to be the fastest growing product category through 2013 and will make up one-fifth of the global market in 2013.
The 379-page “Worldwide Windows & Doors” report is available for $6,100. For further information, contact Corine Ganglof at (440) 684-9600 or e-mail [email protected].
|WORLD WINDOW & DOOR DEMAND (billion dollars)|
|2008||2013||% Annual Growth|
Source: The Freedonia Group Inc.
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