The global windows and doors market is forecast to grow 5.9 per cent annually through 2019 to reach $233 billion, according to a report.
 
The fastest growth will be seen in Asia/Pacific region where demand is forecast to expand 6.8 per cent per annum, said a new report ‘World Windows & Doors’ released by the Fredonia group, a Cleveland-based industry research firm.

China is projected to maintain its spot as the number one market for window products, and will see its share of the global market rise from 36 per cent in 2014 to 39 per cent in 2019.

North America is predicted to have the second fastest demand growth, largely due to rebounds in housing construction. The US market demand is projected to grow at 7.3 per cent per annum.
 
Growth in the Middle East and North Africa (Mena) region is expected to be above average due to strong increases in building construction spending as well as rising personal income levels that will allow adoption of more advanced building practices.

Western Europe and Japan, which have been lagging behind since 2009, are also expected to see an acceleration in demand through 2019, though growth will still remain below the global average.  -TradeArabia News Service