Wood Window and Door Manufacturers
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 925 wood window and door manufacturers in the US produce window and door units, window and door frames, window sashes, and doors from wood or wood clad with metal or plastics. Large firms primarily use a high volume/low margin operating model, while small firms generally focus on custom products with high margins. Most large firms also produce windows and doors made of metal, plastic, or composite materials.
Competition from Alternative Materials
Wood window and door manufacturers face competition from products made with alternative types of materials, which are generally less expensive and easier to maintain.
Dependence on Residential Construction
Demand for wood windows and doors is highly dependent on the residential construction industry, which is vulnerable to changes in economic conditions.
Industry size & Structure
The average wood window and door manufacturer operates out of a single location, employs about 62 workers, and generates about $14 million annually.
- The wood window and door manufacturing industry consists of about 925 companies that employ 57,600 workers and generate about $16 billion annually.
- The industry is concentrated at the top and fragmented at the bottom; the top 50 companies account for about 82% of industry revenue.
- Large firms include Pella, Andersen, Masonite, JELD-WEN, and Weathershield. Large firms offer products made with alternative materials (vinyl, steel, aluminum, fiberglass) and most have operations in foreign countries.
Industry Forecast
Wood Window and Door Manufacturers Industry Growth
Recent Developments
Jul 26, 2024 - Remodeling Index Softens
- The NAHB/Westlake Royal Remodeling Market Index (RMI) reading for the second quarter of 2024 was 65, down one point from Q1 2024, according to a July 2024 report by the National Association of Home Builders (NAHB). Any RMI reading over 50 indicates that most remodelers feel market conditions are good. In the second quarter, the Current Conditions Index portion of the RMI fell one point to 73. The Future Indicators Index component of the RMI also dropped one point to 58 compared to Q1 2024. The NAHB noted that most remodelers continue to see steady demand, although some have reported slowdowns. Some wealthy homeowners are paying cash for remodeling projects amid high interest rates.
- The wood window and door manufacturing industry is expected to see weaker sales growth this year, and growth over the next several years will be flat. The industry’s year-over-year sales growth increased by 5.3% in 2022 before dropping to 2.3% in 2023, according to Inforum and the Interindustry Economic Research Fund, Inc. Sales growth is projected to improve slightly to about 2.6% in 2024, then rise to 3.3% in 2025. The industry will then see steady but mostly flat average annual growth of about 3.5% through 2028, according to Inforum and the Interindustry Economic Research Fund, Inc.
- The US home improvement market is expected to remain solid over the next few years, according to FMI’s third-quarter 2024 North American Engineering and Construction Outlook. Home improvement project spending will rise 4% in 2024 as homeowners primarily focus on maintenance and repairs amid high materials costs and interest rates. Home improvement is projected to moderate to 3% annual growth in 2025 and 2026 before rising 4% in 2027 and 6% in 2028. The median age of an owner-occupied home is more than 40 years, which helps drive home improvement spending. To keep new home prices lower amid higher interest rates, builders have reduced custom and luxury options in recent years, which could spur buyers to upgrade newer homes.
- Home builder confidence in the single-family market dropped in July to the lowest level since December 2023 amid high mortgage rates and elevated builder financing costs, according to the National Association of Home Builders (NAHB). Home builder sentiment, as measured by the NAHB/Wells Fargo Housing Market Index (HMI), fell one point to 42 in July 2024. Any HMI reading over 50 indicates that more builders see conditions as good than poor. The HMI survey also showed that 31% of builders have reduced home prices to lure potential buyers off the sidelines, although the average price reduction of 6% remained unchanged for the thirteenth consecutive month. New home sales are a key driver of appliance demand.
Get A Demo
Vertical IQ’s Industry Intelligence Platform
See for yourself why over 60,000 users trust Vertical IQ for their industry research and call preparation needs. Our easy-to-digest industry insights save call preparation time and help differentiate you from the competition.
Build valuable, lasting relationships by having smarter conversations -
check out Vertical IQ today.