|By PR Newswire||
|February 6, 2014 03:03 PM EST||
DALLAS, Feb. 6, 2014 /PRNewswire-iReach/ -- RnRMarketResearch.com adds "Windows & Doors in China to 2017" research report to its storethat says sales of windows and doors in China are expected to rise 8.1 percent per annum to 570 billion yuan in 2017.
Demand in China to grow 8.1% per year through 2017
Sales of windows and doors in China are expected to rise 8.1 percent per annum to 570 billion yuan in 2017. Gains will primarily be fueled by strong growth in both residential and nonresidential building. Product upgrades and increasing concerns about energy efficiency will also contribute to window and door demand.
Metal still dominant window material, but plastic growing
Demand for windows is projected to rise 7.8 percent per year to 375.5 billion yuan in 2017. Plastic will be the fastest rising material used in windows, with plastic window demand advancing 8.8 percent per year through 2017. Demand will benefit from the superior insulation performance and competitive costs of plastic windows, especially in residential applications. Metal will remain the dominant type of material, accounting for over 60 percent of overall window demand in 2017. Demand for metal windows will be driven by strong increases in industrial, office, and commercial building construction. Demand for doors in China is forecast to rise 8.5 percent per year to 194.5 billion yuan in 2017. Wood is the dominant material due to its ubiquitous usage in interior doors for both residential and nonresidential buildings. Demand for wood doors is projected to increase 8.5 percent yearly to 150 billion yuan in 2017. The increasing use of wood doors made of wood/steel and wood/plastic composites, as well as product upgrades, will support further advances in overall wood door demand. Metal will retain its dominant position in the entrance door segment in both residential and nonresidential applications.
Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=147675 .
Nonresidential market to exhibit strongest advances
The nonresidential market accounted for 54 percent of window and door demand in 2012. Window and door demand in the nonresidential market is projected to grow 9.5 percent per year to 328 billion yuan in 2017, boosted by strong growth in the industrial, office, and commercial segments. Demand for windows and doors in the residential market will grow 6.2 percent per year to 242 billion yuan in 2017, due to strong construction activity in both new single-family and multifamily housing.
Northwest region to post fastest gains
China consists of distinct regional markets characterized by different climates, populations, and levels of economic development. The Central-East region, home to about 30 percent of the country's population and 36 percent of economic output in real terms, supports the largest regional window and door market and will account for 45 percent of overall demand in China in 2017. Demand for windows and doors in the Northwest region is expected to enjoy the fastest growth, rising 9.1 percent per annum through 2017. Gains will result from robust increases in construction activity, spurred by rapid progress in industrialization and subsequent rising personal incomes expected for this region.
Profiles of 30 firms competing in the Chinese industry
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World demand to rise 7% annually through 2017
In 2012, global demand for windows and doors totaled $151 billion. Through 2017, demand for these products is expected to rise 7.0 percent annually to $211 billion, significantly exceeding the growth rate of the 2007-2012 period. Gains will be somewhat exaggerated by a weak 2012 base in the developed world, particularly in the US. Growth will be stimulated by recoveries in the building construction markets of many developed countries. Additionally, continued strong increases in building construction activity in developing areas will boost demand.
China's demand for windows & doors has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2003, 2008 and 2013) and long-term forecasts through 2018 and 2023 are presented. Major producers in China are profiled.
Browse more reports on Residential Construction Industry at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction/residential-construction .
Media Contact: Priyank Tiwari, RnR Market Research, + 1 888 391 5441, [email protected]
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SOURCE RnR Market Research