Table of Contents
Demand to increase nearly 6% annually through 2019
Global demand for windows and doors is projected to increase nearly six percent annually through 2019 to more than $230 billion, a deceleration from the rate of the 2009-2014 period. Slowing building construction spending in the Asia/Pacific region (the largest regional market for these products) will restrict demand gains. However, further housing market recoveries in higher income areas such as the US and many countries in Western Europe will boost demand
China, Africa/Mideast region to see fastest market gains
China was the largest national market for fenestration products in 2014, and will see its share of global demand rise from about 35 percent in 2014 to nearly 40 percent in 2019. Demand will be spurred by continuing rapid economic growth and industrialization, as well as an increase in the average size of a housing unit in the country. Further, rising personal income levels will allow consumers to purchase more expensive, modern windows and doors, boosting the value of demand. As a result, China is expected to post fenestration product demand gains of nearly eight percent per year through 2019, a deceleration from the double-digit annual gains of the 2009-2014 period but still among the fastest in the world.
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