Monday, 30 Mar 2020

Metal Windows and Doors Demand to Reach USD 13.5 Billion in 2021

CLEVELAND: Demand for metal windows and doors is forecast to increase 4.2pc per year to USD 13.5 billion in 2021. Unlike the wood and plastic segments, the commercial market is the dominant sales outlet for metal windows and doors, accounting for over 56pc of demand in 2016.

Builders and commercial property owners specify metal windows and doors due to their strength, durability, relatively low cost, and minimal maintenance requirements compared to most wood and plastic alternatives. These and other trends are presented in Windows & Doors Market Forecasts, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/windows-doors-market-forecast-in-the-us-by-product-material-market-and-region-3572.htm

Through 2021, demand for metal commercial windows and doors will be fueled by:
•strong increases in office, retail, and lodging construction activity
•increased spending on nonresidential improvement and remodeling projects
•growing investment in higher quality windows and doors, including energy efficient products that meet green building codes

US demand for all types of windows and doors is forecast to rise 4.8% annually to $34.3 billion in 2021. One key factor driving growth will be continued strength in new housing and renovation activity, including investment in new and replacement windows and doors. Expanding construction spending in window- and door-intensive commercial segments will also fuel sales.

(PRN | 3 years ago)