Demand for windows and doors in the U.S. will grow 6.9% per year to $31.9 billion by 2018 according to a new study by The Freedonia Group, a Cleveland-based business research firm.
The study predicts that plastic windows and doors will see the most growth at 8.2% per year, while metal and wood windows and doors will grow 6.7% and 6.2% each year, respectively.
That growth, say Freedonia's analysts, is driven by the expected rebound in housing completions and building construction spending through 2018. Changing customer preference will also drive higher sales margins. “Growing consumer preferences for higher end products such as triple glazed windows and insulated entry doors will also boost demand,” said analyst Mariel Behnke.
Windows & Doors is available for $5,400 from The Freedonia Group.