Fenestration Review

News Business Intelligence
FGIA releases 2024 market studies

May 21, 2024  By The Fenestration and Glazing Industry Alliance


Tall brown building with lots of windows stands in front of the blue sky.Photo courtesy of FGIA.

The Fenestration and Glazing Industry Alliance (FGIA) has released the FGIA 2024/2025 Study of the U.S. Market for Windows, Doors and Skylights. This bi-annual report delivers information on residential and non-residential market trends and product relationships for both residential and non-residential fenestration products. Forecasts are based on projections of construction activity as of May 2024.

Residential

Total housing starts fell by nine per cent in 2023, with the largest declines in multi-family at 14 per cent and manufactured housing at 21 per cent, following smaller declines in 2022. Going forward, the overall new housing market is expected to slightly increase in 2024 and 2025 before a minor decline forecasted in 2026.

The demand for prime windows fell by 8.5 per cent in 2023, while the demand for windows in new housing increased by 10 per cent, with an increase of four per cent forecasted for 2024 and two per cent in 2025 before flattening in 2026. Remodeling and replacement window demand fell in 2023 by eight per cent and is forecast to shrink in 2024 by five per cent, with slow growth of two per cent in 2025 and 2026.

In the residential market, 2023 new construction demand for entry doors declined by four per cent. Meanwhile, entry door remodelling and replacement demand, which continues to represent a significantly larger share of total demand, declined at eight per cent. The total market declined by six per cent versus 2022 and is expected to grow in 2024 through 2026.

Advertisement

In 2023, the market for residential skylights closed the year with a growth rate of five per cent over 2022 volume. New construction skylight activity was down eight per cent, while remodelling and replacement skylight activity was up 10 per cent versus 2022.

Non-residential

Contract awards reflect activity related to new construction and major additions to existing structures. Actual fenestration shipments for non-residential building activity typically lags contract awards by up to one year or more. This cycle can shorten or lengthen tremendously depending on the complexity or size of a building and when the specific building product is installed during the construction cycle.

The 2023 contract award total saw a 13 per cent decrease from 2022. The manufacturing/warehouse category decreased by 27 per cent in 2023, while contract awards in office/hotel/institutional and in store/mercantile both increased by seven per cent. Contract awards are expected to increase by about six per cent in 2024 and continue growing in 2025.

Storefront windows represent the largest market segment by vision area with 27.2 per cent of the overall non-residential glazing in 2023, followed closely by site-fabricated windows representing 26.9 per cent.

The 2023 market for non-residential entry doors in the U.S. showed significant increase, with 2023 volume up nine per cent over 2022 and up six per cent since 2021.

The study estimates that the total U.S. market for commercial unit skylights in 2023 represents a five per cent increase from 2021. Unit sizes commonly average in the range of 22 to 25 square feet but can vary dramatically. Nearly all commercial unit skylights are aluminum framed, and most use some form of plastic glazing. Acrylic is the most common. In 2023, new construction applications represented approximately 33 per cent of the total, the same as that of 2021.

Additional and more detailed information on the residential and commercial fenestration markets is contained in the FGIA 2024 Study of the U.S. Market for Windows, Doors and Skylights. 


Print this page

Advertisement

Stories continue below


Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*