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 947 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 54-55 workers, and generates about $14 million annually.
- The wood window and door manufacturing industry consists of about 947 companies that employ 59,000 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
Mar 27, 2024 - Industry to Return to Growth
- The wood window and door manufacturing industry is expected to return to modest growth in 2024 after a softening of demand in 2023 and some solid gains in the years during the pandemic. The industry’s year-over-year sales rose 4.4% in 2020, 16.4% in 2021, and 13.4% in 2022 before falling to -0.1% growth in 2023, according to Inforum and the Interindustry Economic Research Fund, Inc. Sales are projected to rise 2.5% in 2024, then see average annual growth of about 4.2% through 2027, according to Inforum and the Interindustry Economic Research Fund, Inc.
- The National Association of Home Builders (NAHB) expects the residential remodeling market to remain flat in 2024 compared to 2023, then grow by about 2% in 2025. Remodeling is supported by a lack of existing homes on the market, high homeowner equity, and the aging of US housing stock. However, finding skilled labor is still a challenge for remodelers.
- New single-family home sales fell 0.3% month-over-month but were up 5.9% year-over-year in February 2024, according to the US Department of Commerce. While a rise in interest rates in February slowed new home sales, the overall market is gaining ground amid tight inventories of existing homes for sale, according to Reuters. Lower home prices may also lure buyers; the median new home sales price in February was $400,500, down 3.5% from January 2024. February’s median home price was also the lowest in two and a half years. To attract buyers, builders are reducing home sizes to make them more affordable while offering discounts and other incentives.
- Sales of existing US homes increased by 9.5% in February from January but were down 3.3% year-over-year, according to the National Association of Realtors (NAR). NAR chief economist Lawrence Yun said, "Additional housing supply is helping to satisfy market demand. Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices." Existing home sales help drive demand for household appliances. Homeowners often replace doors and windows before putting their house on the market, and buyers typically do remodels, including window and door upgrades, before moving in.
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