Chinese Window and Door Demand to Grow 11 Percent Annually
Increasing demand for larger living spaces, further privatization of homeownership, sustained strength in foreign investment and a rapidly expanding domestic consumer market will also contribute to fenestration product market gains, the Cleveland-based market research firm reports.
Window & Door Demand in
% Annual Growth
Source: Freedonia Group. $1 equals 7.4 Chinese yuan
The study sees plastic windows and doors continuing to make inroads at the expense of metal and wood products, with demand rising a robust 13.9 percent annually through 2011. Plastic materials primarily benefit from their low maintenance requirements, relatively low cost, and good energy efficiency. Plastic’s rapid rise in the Chinese fenestration market is also partly due to strong support for energy-efficient materials from the government, it is noted.
Demand for metal products will experience slower but still healthy growth through 2011. Despite market share loss to plastic, metal will remain the leading window and door material in China, accounting for more than 60 percent of overall demand.
Demand for windows and doors in nonresidential buildings is projected to advance 11.2 percent annually through 2011, comprising more than three-fifths of total demand, Freedonia estimates. Growth will benefit from a favorable outlook for nonresidential construction activity in China, particularly in the office and commercial and institutional building segments. Residential window and door demand will grow at a comparable pace, with demand forecast to rise 10.8 percent annually.
The 246-page report, entitled Windows & Doors in China, is available from Freedonia for $4,900. More information is available by contacting the firm at 440/684-9600 or by visiting its Web site at www.freedoniagroup.com.