Global 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.

CLICK HERE to learn more about the study.

Door and Window Demand by Market
(billion dollars)