As the world continues to evolve and adapt to the changing times, it's no surprise that the demand for residential windows and doors is on the rise. According to a study by The Freedonia Group, the global market for residential windows and doors is expected to increase by 3.1% per year through 2025, reaching $130 billion. This growth is being driven by a variety of factors, including increased residential construction, larg
In the United States, the Fenestration and Glazing Industry Alliance (FGIA) reports that demand for residential windows in new construction is set to rise by 5% in 2022 before leveling off in 2023 and decreasing by 5% in 2024. However, demand for remodeling and replacement windows is expected to continue growing, with 5% growth in 2022, 3% growth in 2023, and 2% growth in 2024. These figures show that while new construction is still an important part of the market, there is a growing emphasis on improving existing homes.
But it's not just windows that are experiencing growth. The residential entry door market also grew by 2% in 2021, and is expected to continue growing through 2024. Meanwhile, the market for non-residential entry doors declined significantly in 2021, with volume down 11% from the previous year. This trend highlights the importance of investing in quality, durable doors for your home.
For commercial properties, the contract/commercial window segment saw growth of 5% in 2021 and is projected to continue growing into 2023, with an 8% increase expected in 2022. Storefront windows represent the largest market segment by vision area, comprising 27% of the overall non-residential glazing in 2021, followed closely by site-fabricated windows.
So, what does this all mean for you as a homeowner or business owner? It means that investing in high-quality windows and doors is more important than ever. Not only will it improve the look and feel of your property, but it can also save you money on energy bills and increase security. At Northstar Windows and Doors, we offer a wide range of energy-efficient and customizable options to suit your needs. Whether you're looking to upgrade your home or your commercial property, we've got you covered.
Don't wait – contact us today to schedule a consultation and find out how we can help you improve your property and stay ahead of the curve in the ever-growing market for residential and commercial windows and doors.
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