Windows And Doors Market Forecast By The Freedonia Group

Here are just a few key findings.

Windows and doors market forecast by the freedonia group. Canada this report forecasts to 2023 window and door demand and production in canada in nominal us dollars at the manufacturer level i e excluding the value of features and services added between the manufacturer and end user including door hanging and finishing operations not offered by the door slab manufacturer. Windows and doors market outlook 2022. Windows doors us demand for windows and doors is forecast to rise 3 8 per year to 33 3 billion in 2023. Historical data for 2008 2013 and 2018 and forecasts for 2023 and 2028 are presented in us dollars.

This study examines the us window and door market by product material market and geographic region in value terms at the manufacturers level i e excluding the value of features and services added between the manufacturer and end user. The us market for residential windows and doors is forecast to expand 3 7 per year to 24 4 billion in 2022. Demand nationwide for residential windows and doors will rise 6 0 per year to become a 25 6 billion market by 2020 the freedonia group predicts. Residential windows and doors us demand for residential windows and doors is forecast to rise 3 7 annually to 24 4 billion in 2022.

Increases in new residential and commercial construction activity will support demand for windows and doors as more homes and commercial structures are erected. The freedonia group is pleased to announce a new title in our well known windows and doors collection of studies. The cleveland based market research group in a report issued july 29 pegged residential window and door demand in 2015 at 19 06 billion. The residential market is expected to offer the best growth.

Windows and doors market witnessed significant growth accounting for 184 billion in 2015 and is expected to reach 282 billion by 2022 growing at a cagr of 6 3 during the forecast period. Increased spending on new housing and renovation activity will drive sales gains as will a shift in product mix toward higher value windows and doors. According to a recent freedonia study u s. Meanwhile the international trade administration forecasts the global market for windows and doors to reach an estimated 244 billion by 2022 reflecting 4 1 cagr from 2017 2022.

Sales will rise on new housing construction activity increased spending on remodeling projects and growing demand for high value more aesthetically pleasing windows and doors sold at higher price points.