Report on Door and Window Market Forecasts Declining Demand
July 8, 2009
China is expected to surpass the United States as the largest market
for doors and windows by 2013---this prediction comes from the Freedonia
Group's new study, "World Windows & Doors,"
which says product demand in China will account for more than half
of the worldwide forecast between 2008-2013. The study noted that
demand for doors and windows in China is expected to rise nearly
12 percent annually to $40 billion in 2013. Although the rate of
growth will slow compared to the 2003-2008 period, the size of the
gains will continue to increase, according to the study. The growth
will likely be a result of increasing building construction, especially
in the nonresidential market.
Globally, the demand for doors and windows is expected to see growth
of about 4.3 percent per annum to $167 billion by 2013. This compares
to the growth of 7.9 percent the market experienced between 2003
and 2008. According to the study, projected declines in prices for
doors and windows, as well as a weak outlook for building construction
throughout Western European will likely contribute to the deceleration.
In addition to China, other areas are also expected to experience
growth. Both India and Indonesia are forecasted to experience above
average growth between 2008 and 2013.
Exclusive information provided to USGNN.com showed that in
nonresidential construction specifically, the market for doors and
windows is projected to grow 4.1 percent per annum through 2013
to $66.6 billion, slowing considerably compared to 2003 and 2008
(see box at the end of this page). The study says nonresidential
window and door demand will be hindered by slower economic growth
and weak nonresidential construction activity in most markets through
2013. Likewise, slower door and window price growth, including a
drop in prices for metal products, will restrain future gains. The
study also says the drop will be least noticeable in South Korea,
where nonresidential construction activity is expected to grow.
Both new construction as well as improvement and repair markets
are also forecast to decline. The demand for doors and windows used
in new construction nonresidential buildings is expected to expand
4.1 percent annually through 2013 to $40.5 billion; this is down
compared to the 2003-2008 pace, which grew from $18.9 billion in
2003 to $33.2 billion in 2008. On the repair side, global nonresidential
aftermarket window and door sales are projected to rise 4.2 percent
per year to $26.1 billion in 2013; slower than that achieved between
2003 and 2008, when sales rose from $14.3 billion to $21.2 billion.
For new construction as well as repair/improvements, the Asia/Pacific
region is forecast to be the fastest growing region. Demand for
new construction in Eastern Europe is also expected to grow.
HERE to learn more about the study.
Door and Window Demand by Market
|Door and window demand
|Improvement and repair
|Improvement and repair
Source: The Freedonia Group Inc.
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