Demand to register doubledigit gains through 2011
Demand for windows and doors in China is projected to rise 11 percent per annum through 2011 to 195 billion yuan, outpacing growth in most other parts of the world. Growth will be driven by healthy gains in building construction activity as industrialization efforts continue and income levels rise. Increasing demand for larger living space, further privatization of home ownership, sustained strength in foreign investment, and a rapidly expanding domestic consumer market will also contribute to fenestration product market gains.
Plastic will outpace metal and wood
Plastic windows and doors will continue to make inroads at the expense of metal and wood products through 2011. Plastic materials have rivaled both metal and wood in the residential market, primarily benefitting from their high energy efficiency, low maintenance requirements and relatively low cost. Plastic’s rapid rise in the Chinese fenestration market is also partly due to strong support from the government. Demand for metal products will post slower yet still healthy growth. Despite market share loss to plastic, metal will remain as the dominant window and door material in China.
Nonresidential market fastest growing
The nonresidential building construction market represents a bigger end use for windows and doors, and therefore exerts higher influence on overall demand for fenestration products in China. Although government actions such as tightening credit issuance and cutting unnecessary public spending on building construction -- steps taken in recent years in order to prevent the economy from overheating -- will also impact the nonresidential building construction market, market advances for windows and doors used on nonresidential structures will nevertheless post stronger gains. Nonresidential window and door demand will outpace market gains in the residential segment. In comparison, residential window and door demand will grow at a slower but still respectable pace.
New construction to remain dominant
Unlike the US, new construction applications account for the majority of window and door sales in China. While it is typical of a developing market that new demand outweighs replacement need, this difference is also attributable to factors unique to China. For example, a large share of the Chinese window and door stock is comprised of metal products with a relatively longer useful life span, thus constraining replacement demand. As a result, demand for windows and doors in new construction applications will grow its market share to over 70 percent.
Opportunities vary by region
Due to regional differences in economic, social and cultural conditions, the size, growth and composition of window and door demand in the six regions of China varies considerably. The Northwest remains largely underdeveloped;
Study coverage
It presents historical demand data plus forecasts (2011, 2016) by material, type, market and region. The study also considers market environment factors, evaluates company market share data and profiles 37 leading suppliers.
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