SOURCE: Freedonia Group

November 01, 2005 15:17 ET

World Window & Door Demand to Reach $125 Billion in 2009

CLEVELAND, OH -- (MARKET WIRE) -- November 1, 2005 -- Worldwide demand for windows and doors (fenestration) is forecast to expand 4.7 percent per year through 2009 to $125 billion. Advances will be driven by an acceleration in economic growth, ongoing development efforts and rising personal income levels in most areas. Growth in the industrializing nations of Africa/Mideast, Asia, Eastern Europe and Latin America will outperform demand in the US, Western Europe and Japan, although intensity of product use will remain comparatively low in most developing countries. China, India and Russia -- along with the smaller markets of Indonesia, the Philippines and Malaysia -- are expected to register some of the strongest increases in window and door demand. These and other trends are presented in "World Windows & Doors," a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Demand for doors, which accounted for just over half of the global market total in 2004, is projected to increase at approximately the same pace as windows through 2009. Vinyl, fiberglass and other plastic doors will be the fastest growing product category. Sales of plastic and metal windows will also climb at above-average rates. Plastic window suppliers will benefit from the comparatively low cost of products like vinyl windows, as well as the durability and energy efficiency that plastic units offer. Metal window and door demand will be stimulated by growth in world nonresidential building construction expenditures, and supported by strong market conditions in China and India and an upturn in demand in Japan, areas in which metal products account for the majority of sales. Demand for wood windows and doors will advance at a somewhat slower pace, although increased use of plywood and other engineered woods will help make wood products more affordable.

The residential building market accounts for two-thirds of global window and door demand, but the nonresidential building market will expand at a faster rate through 2009, spurred by increases in nonresidential building construction activity. Residential sales will be driven by rising per capita income, greater urbanization and further growth in the number of households. New construction applications, which represented well over half of the fenestration product market total in 2004, will climb at about the same pace as repair and improvement-related demand.

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