At the start of this period, new construction activity remained limited across most markets. However, according to IBISWorld Industry Analyst Rory Masterson, "Government stimulus and incentives for energy-efficient measures facilitated an increase in eco-friendly home and commercial remodeling activity, including installing windows that offer better insulation." As a result, revenue turned a corner in 2013 and has been steadily climbing since.
IBISWorld projects industry revenue will continue its upward trend over the five years to 2021, supported by robust growth anticipated in residential and nonresidential construction. Rising home prices and better economic conditions will boost the need for home remodeling activities, while improved corporate profit and increased spending will also create a greater need for window installation services for retail, office, hospitality and industrial spaces. Consequently, industry revenue is expected to grow over the five years to 2021.
Downstream industries impacted:
Commercial Building Construction
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IBISWorld Industry Report Key Topics
Products & Markets
Globalization & Trade
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