FGIA Releases 2019/2020 Market Studies, Offers Forecast of Fenestration Industry Trends
June 2, 2020
The Fenestration and Glazing Industry Alliance released the “FGIA 2019/2020 Study of the U.S. Market for Windows, Doors and Skylights.” This bi-annual report delivers timely information about residential and nonresidential market trends and product relationships for both residential and nonresidential fenestration products. Forecasts are based on projections of construction activity as of May 2020.
Total housing starts continued their growth curve in 2019 but with more modest gains in the single-family segment of 1 percent. Going forward, the overall new housing market is expected to continue to contract in 2020 due to the COVID-19 crisis, with a total decline of 16 percent currently forecasted for 2020.
The demand for prime windows fell by 1.1 percent in 2019. The demand for windows in new housing decreased by just under 2 percent in 2019, with a decrease of 10 percent forecasted for 2020 before a recovery with growth of 8 percent and 6 percent over the following two years. Meanwhile, remodeling and replacement window demand fell in 2019 by 0.5 percent and is expected to decline in 2020 by 5 percent, before a recovery with growth of 2 percent and 4 percent in 2021 and 2022.
In the residential market, 2019 new construction demand for entry doors grew by 2.3 percent. Meanwhile, entry door remodeling and replacement demand, which continues to represent a significantly larger share of total demand, declined at 4.3 percent. The total market shrank by 2 percent versus 2018 and is expected to have a steep drop off in 2020 followed by strong growth in 2021 and 2022.
In 2019, the market for residential-type skylights grew 4 percent in overall unit shipments compared to 2018 and saw an 8 percent increase compared to 2017. The increase in 2019 was driven primarily by strong replacement and remodeling activity with new construction positive, but growing at a slightly lower rate.
A session explaining the methodology and forecasting of the study will take place during the FGIA 2020 Virtual Summer Conference to be held June 23-25. Additional and more detailed information on the residential and commercial fenestration markets is contained in the “FGIA 2019/2020 Study of the U.S. Market for Windows, Doors and Skylights,” published in May 2020, which includes the items listed below.
- "FGIA U.S. Industry Channel Distribution Report" profiles the residential and nonresidential market for windows and doors as it flows through the identified distribution channels.
- "FGIA U.S. Industry Market Size Report" quantifies residential and nonresidential market volumes, both historic and projected.
- "FGIA U.S. Industry Regional Statistical Review and Forecasts" details information on trends and product relationships.