By Nick Gilbert
RnRMarketResearch.com has rolled out a new market research report titled "Windows & Doors to 2016." The report predicts that there will be a projected increase in the demand for windows and doors as the industry steers away from the decline marked in the period 2006-2011, when the spending on building construction and housing completion dipped sharply.
The repercussions of this dip affected the demand for windows and doors as well, causing a downtrend that lasted for five years.
According to the windows and doors market report, in the US, there has been a rebound in construction expenditures and the residential market is expected to post double-digit advancement in demand by 2016. Construction companies and building contractors will incorporate value-added products for window and door use. Triple-pane insulated glazing in windows and insulated cores in doors will be their products of choice in order to help promote energy efficiency, which will translate into boosting value growth.
The report reveals that plastic windows and doors will increase in demand through 2016, with an advancement of 12% per annum to $9.8 billion. Driven by continuous demand for plastics, plastic windows and doors are fast replacing the market share of wood and metal products. This trend is likely to continue till 2016. Fiberglass doors and vinyl windows are comparatively less expensive, but provide durability and entail reduced maintenance requirements. Manufacturers’ improvement initiatives to improve the plastic product aesthetics is seen in their production of fiberglass doors in a variety of woodgrain textures as well as vinyl windows in a gamut of colors, leading to promoting the demand.
Metal windows and doors are expected to continue their dominance in the market in 2016, because of their low cost and durability. Meanwhile, demand for wood is expected to increase 8.1% per annum. Demand for wood products will decrease as the demand for plastic windows and doors catches up, citing high energy efficiency and durability at low cost.