U.S. Residential Window and Door Demand to Reach $25.6 Billion by 2020
August 2, 2016
Residential window and door demand in the U.S. is projected to rise 6 percent per year through 2020 to $25.6 billion, according to a new study from The Freedonia Group. Demand saw steep declines following the housing construction collapse and economic recession, but began to recover in 2012 following improvements in new housing construction.
The Residential Windows & Doors study, which also includes interior and garage doors in its research, found that continued growth through 2020 in new housing construction is projected to drive gains, as will an expected acceleration in demand for windows and doors in improvement and repair applications. Rising home values and increases in existing home sales will further boost demand in remodeling applications.
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|Vinyl will post the most rapid growth through 2020 as consumer interest in its performance properties help it to continue to gain market share over wood and metal products used in exterior applications. (Source: The Freedonia Group.)|