$8.3 Billion Windows and Patio Doors Market to Grow through 2017

Window & Door
July 13, 2015
Markets

The $8.3 billion market for windows and patio doors in residential and light commercial uses will experience an average growth rate of 7 percent through 2017, according to a new Principia Report. This comes after a time that windows and patio doors manufacturers made only incremental changes since the housing crisis, when manufacturers cut their research and development budgets due to the challenging business environment during the recession. Principia Consulting says it is time to reinvest in technology and innovation, as strong homeowner desire for new products and innovative features is an increasing influence on the purchase decision.

An EnergyStar rating is now the standard and product manufacturers are shifting their focus to other performance features such as impact-resistant glass, integrated blinds/shades, and smart glass. Also, today’s homeowner is focused on using windows and patio doors to create indoor-outdoor living spaces, which is driving changes in glass unit type, style and material. New homeowners will upgrade their windows when offered the right incentives, according Principia Consulting’s research. The most popular options are EnergyStar ratings, glass unit type, and style/hardware/frame material.

Principia’s comprehensive industry report examining residential and light commercial windows and patio doors provides insight and market analysis. Using 2014 as its launch point, the report combines primary research with voice of the customer insights from surveys conducted among more than 1,000 value chain participants and homeowners.

To purchase the report or learn more about the scope and content covered, please contact Brandon McPherson at 610-363-7815 Ext. 4745.