Demand across North America for windows and doors will climb by 3.3% per year from 2008 to become a $41.3 billion market by 2013, the Freedonia Group forecast today. The residential market, which accounts for seven-tenths of total demand, is expected to gain 4.2% per year during that period.
Demand for doors will climb 3.4% per year to reach $25.35 billion, the Cleveland-based research group said, while demand for windows in the United States, Canada, and Mexico will rise 3.6% annually to hit $15.95 billion.
Metal doors are the biggest subcomponent of the door market, but it's expected to gain the least, rising 2.5% in demand per year to reach $11.32 billion in 2013. Meanwhile, demand for wood doors will climb 3.5% annually to hit $10.2 billion in 2013, and plastic-based doors will see the fastest growth--6.7% per year--but will total just $3.83 billion in 2013, or roughly 15% of the total door market.
Freedonia forecast demand for wood windows would climb 3.5% per year to total $6.8 billion in 2013, while metal windows would see only 2.7% annual growth to reach $4.24 billion. Plastic-based windows were expected to show more robust improvements, growing in demand by 4.6% per year to reach $4.91 billion in sales by 2013.
"Wood windows accounted for the largest share of North American aggregate window demand in 2008, as they did in the U.S., owing to their popularity in the residential market," Freedonia said. "Metal doors accounted for more than 45% of door demand in 2008, due to the widespread use of metal products in the nonresidential market, and in such applications as garage doors and entry doors in the residential market. Through 2013, the fastest gains in each product segment are anticipated to come from plastic products, which are expected to become increasingly popular in the recovering residential market."
Freedonia also forecast demand in other regions. Worldwide, window and door demand will climb 4.3% per year to reach $167 billion in 2013. That's about half the pace recorded from 2003 to 2008--a result of projected declines in prices for plastic and metal windows and doors combined with a weak outlook for building construction in Western Europe.