Demand for residential windows and doors in the US might grow by 6% through 2020 and reach $25.6 billion.
According to a report made by Freedonia Group, the housing construction began to recover in 2012. Rising home values and existing home sales will boost remodeling demand for windows and doors.
The most rapid growth through 2020 will be for plastic windows and doors, while wood will continue to account for the largest share of the US residential window and door market.
Demand for wood products saw the best growth between 2010 and 2015, supported by demand for interior doors in new housing units as housing completions rebounded.
Yet, although wood will continue to exhibit significant usage in window and exterior door applications in higher end residences, where consumers prefer its aesthetics, it will lose market share to plastic products, as wood is more costly and more vulnerable to damage from exposure to the elements.
As reported in the study, doors make up the largest share of the residential market, approaching three-fifths of the total, as most residential structures use more doors than windows. Interior doors make up a large share of demand for doors in the new market, but a smaller share of the improvement and repair market, as they are less likely to require replacement because of damage or poor energy performance.
