Window and Door Manufacturers, Dealers Optimistic For Year Ahead
WASHINGTON, Jan. 24, 2019 /PRNewswire/ -- As the economy chugs along and the residential construction market continues to expand, manufacturers and dealers of windows and doors are on a roll. According to the 2019 Door and Window Industry Outlook report produced by Key Media & Research (KMR), businesses credit confidence among consumers and the overall state of the U.S. economy as key drivers in the market.
Looking back over the last year and forward to the year ahead, both segments of the industry have benefited from heightened sales and will continue to do so through 2019.
Nearly nine out of ten manufacturers categorize the current business environment as either very favorable or somewhat favorable, and most anticipate an increase in production in 2019. Window and door dealers, meanwhile, collectively expect sales increases in 2019, in similar fashion to 2018.
"Manufacturers say they are optimistic, because the economy is 'stable' and 'strong,'" says Nick St. Denis, director of research at KMR. "That's not to say that, even amid what's viewed as a stellar economy, manufacturers in the industry don't have their concerns. Labor costs and material costs were the two most prevalent among them."
Meanwhile, several door and window dealers cited the "booming economy" in general as a point of optimism, as well as confidence spurred from the current administration's policies. Multiple respondents also noted population growth in their respective markets as a key driver of business.
"While dealers express great optimism in the current business climate, a few key concerns are shared among many," says St. Denis. "A handful of respondents noted the labor shortage and lack of availability for qualified installers as major reasons to take pause. Tariffs were also mentioned on multiple occasions."
The 2019 Door and Window Industry Outlook report features benchmarking data collected from nearly 200 manufacturers and dealers, aggregated and broken down by company size. From this data and other relevant sources, figures and topics covered in the report include: micro and macro outlook of market; manufacturing facility footprint; manufacturers' acquisition plans; overseas sourcing practices; material pricing concerns; employment and labor; sales expectations of manufacturers and dealers; market confidence of manufacturers and dealers; regional outlook of dealers; and more.
The report is available for purchase at www.keymediaresearch.com.
FOR MORE INFORMATION
Nick St. Denis
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540/720-5584
SOURCE Key Media & Research
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