RnR Market Research has added the “Windows & Doors to 2016” market research report to its online store. The research says projected increase in industry demand will mark a turnaround from the declines of the 2006-11 period when housing completions and building construction expenditures dropped drastically, causing window and door demand to fall, as well.
This research report on the U.S. windows and doors market says that aided by a rebound in construction expenditures from their depressed 2011 base, the residential market is forecast to post double-digit advances in demand through 2016. Builders will incorporate such value-added products as windows with triple-pane insulated glazing and doors with insulated cores to promote energy efficiency, boosting value growth. Residential improvement and repair demand is forecast to rise at a more modest pace. Many homeowners, concerned with rising energy costs, took advantage of tax credits offered between 2009 and 2011 to replace older windows and doors with newer, more energy-efficient models. Such homeowners will be unlikely to engage in further window and door renovation projects in the near future.
Among material types, plastic windows and doors will see the strongest gains through 2016, advancing nearly 12 percent per year to $9.8 billion. Growth will be driven by continuing demand for plastic products because consumers perceive them as energy efficient. Plastic windows and doors have taken market share from wood and metal products in recent decades and will continue to do so during the forecast period. Vinyl windows and fiberglass doors are relatively inexpensive but offer such performance properties as durability and minimal maintenance requirements. Efforts by manufacturers to improve the aesthetics of plastic products by offering fiberglass doors with wood-grain textures and vinyl windows in a wider range of colors will promote demand in unit and value terms.
Metal windows and doors accounted for the largest share of window and door demand in 2011 and are expected to continue to lead the market in 2016. Rebounding housing activity will spur gains. Population growth in the South and West will promote demand as metal products are often installed in those regions because there is less concern about heat loss through windows and doors. Increasing nonresidential building construction spending will also boost metal window and door demand. Metal products are often installed in nonresidential structures because of their durability and low cost.
Demand for wood windows and doors is forecast to rise 8.1 percent per year to $10.4 billion in 2016. This is the slowest growth rate of all material types. Wood products’ demand will be checked by competition from plastic windows and doors, which provide energy efficiency and durability for less cost. Demand will be aided by the perception of wood as an aesthetically pleasing material that adds value to a home. Many builders and homeowners, especially in the mid-range and high-end housing markets, will continue to specify wood products.
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