WORLD WINDOWS & DOORS (Forecasts (2013 & 2018) for 22 countries)

Abstract

Global demand for windows and doors (fenestration) is forecast to grow more than four percent per annum to $167 billion in 2013, roughly one-half the pace achieved between 2003 and 2008. Much of this deceleration will be caused by projected declines in prices for plastic and metal windows from their elevated 2008 levels, but a weak outlook for building construction in the large West European market will also hinder gains.

Plastic windows and doors are projected to be the most rapidly growing products through 2013; however, these products will only make up one-fifth of the global market. Gains will largely be driven by demand in China, where plastic products are gaining market share at the expense of metal products. Demand in China will account for over half of all expansion of the worldwide window and door market between 2008 and 2013.

Window and door demand in China is forecast to rise nearly twelve percent per year to $40 billion in 2013, outpacing all other major national markets. Although the rate of growth will slow from the 2003-2008 period (when demand tripled), the size of the gains will continue to increase. China' s expansion will be driven by the rapid growth of building construction in that country, especially in the nonresidential market. By 2013, the Chinese market is expected to surpass the US as the largest market for windows and doors.

The developing nations of the Africa/ Mideast region and Latin America are also forecast to experience especially fast growth between 2008 and 2013, despite a deceleration from the pace of the 2003- 2008 period. Per capita demand throughout much of these regions is particularly low, owing to low levels of economic development in many countries. However, industrialization and rising incomes in many economies will serve to boost demand for windows and doors.

The US was the largest national market for windows and doors in 2008, but its share of the global window and door market is slowly being eroded by the rising emerging markets, especially China. US demand growth lagged that of most other advanced economies between 2003 and 2008, with housing construction falling precipitously from its 2005 peak to 2008. As building construction in the US recovers from its 2008 lows, demand for windows and doors is forecast to increase more than three percent per annum to $35 billion.

Study coverage

This new Freedonia industry study, World Windows & Doors, presents historical data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 for supply and demand by product and market in 6 regions and 22 countries. The study also considers market environment factors, evaluates company market share and profiles 41 global industry producers.

• Establishing consistent economic and market forecasts
• Using input/output ratios, flow charts and other economic methods to quantify data
• Employing in-house analysts who meet stringent quality standards
• Interviewing key industry participants, experts and end users
• Researching a proprietary database that includes trade publications, government reports and corporate literature