CLEVELAND, Sept. 25, 2017 /PRNewswire/ -- Demand for metal windows and doors is forecast to increase 4.2% per year to $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 56% 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.
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About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group