ALMANAC: WINDOWS & DOORS
According to a recent Freedonia study, U. S. demand for
windows and doors is forecast to grow 4.8% annually to $34.3
billion in 2021. The residential market is expected to offer the
best growth opportunities for the country’s window and door
producers, due to a combination of favorable housing trends
and consumer preferences for higher quality – and more expensive – products, cites the Windows and Doors Market Forecast.
The trilateral agreement to replace NAFTA should help
“promote open markets for the window, door and skylight
industry, and contribute to a robust economy” for the United
States, Canada and Mexico, said Michael O’Brien, president
and CEO of the Window & Door Manufacturers Assn.
A world market forecast is offered by Global Market
Insights Inc. According to the study, Global Windows and Doors
Market, the industry was valued at more than $190 billion
in 2017 and is projected to cross $260 billion by 2024. The
growth of windows and doors will be spurred by new construction in both the commercial and residential markets,
with the movement of smart city development initiatives in
several countries among the key growth parameters.
The global wood windows and doors market was valued at
more than $60 billion in 2017, adds Global Market Insights.
A forecast combination of decreased housing starts and reduced
remodeling projects could limit window and door growth in
2019 and 2020, according to WDMA/Farnsworth Group
research. Shipments for architectural flush doors and stile and rail
doors are projected to grow around 1% annually through 2020.
Shipments of commercial shop built windows are estimated at
0.885 million units in 2018, with an annual growth rate of 1.8%
through 2020 forecast.
According to The Freedonia Group’s Consumer Trends & Supplier
Opportunities, casement windows will post above-average growth
through 2021 as homeowners favor their aesthetic qualities. Residential door trends are carrying over into the exterior and commercial markets with regards to the look of wood and custom details.
It is projected that the revenue of wood window and door manu-
The Canadian wood
facturing in the U.S. will amount to approximately $13.4 billion
by 2022, according to Statista. Market Data Sources: The Freedonia Group, Global Market Insights, Window & Door Manufac- turers Assn., Farnsworth Group, U.S. DOC, ITA, Statistics Canada, Statista. Category: Includes
wood/metal/vinyl clad windows, architectural, interior & exterior doors, related components.
window & door trade balance
2013 2014 2015 2016 2017
Exports $209M $250M $307M $340M $351M
Imports $171M $185M $203M $200M $191M
$39M $65M $104M $141M $160M
Source: Statistics Canda (NAICS 321911)
In 2017, the United States accounted for $349 million of Canada’s
exports and $119 million imports of wood window and doors.
U.S. window & door exports
The $768 million U.S. window and door export
portfolio (2016) accounted for 5% of the $15.6
billion trade market. Canada is the top trade
partner for U.S. windows and doors, followed by
Mexico. China was the largest source of exports,
with 20% of the market in 2016.
Source: 2017 Top Markets Report Building Products Sector Snapshot: U.S. Window and
Door Exports. Department of Commerce, International Trade Administration.
Source: Global Market Insights, Global Windows and Doors Market
Residential application, 60% share by 2024: >$140B
Commercial application share: >35%
Global windows & doors: $260B by 2024