U.S. Commercial Windows Market Size, Share & Trends Report

U.S. Commercial Windows Market Size, Share & Trends Analysis Report By Frame Material (Vinyl, Wood, Metal), By Mechanism (Swinging, Sliding), By End Use, By State, And Segment Forecasts, 2020 - 2027

  • Published Date: Nov, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-229-7
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 118

Report Overview

The U.S. commercial windows market size was estimated at USD 2.8 billion in 2019 and is expected to expand at a compounded annual growth rate (CAGR) of 3.2% from 2020 to 2027. The growth in construction activities and the rise in demand for commercial construction, including offices, industries, and institutions are expected to propel market growth.

U.S. commercial windows market size, by frame material, 2016 - 2027 (USD Billion)

The market for commercial windows has witnessed significant growth and is projected to maintain its pace over the forecast period. The growth in the construction industry is the major factor driving the market, as it is one of the significant contributors to the U.S. economy. The major manufacturers such as Pella Corp. and JELD Wen along with other small and mid-level manufacturers, caters to the domestic market, thereby restructuring the market prospect.

However, the factors that hamper the growth include the impact of waste generated by replacing these products on the environment and the associated cost of green building products. Escalating pandemic affected the U.S. economy and construction industry, severely impacting the construction sectors on the government's shutdown account.

The raw material used is a crucial part of the fenestration industry and accounts for a high proportion of the overall price of the commercial window. The fluctuations in the raw material prices, trade tensions between the U.S. and China, associated taxes, transportation issues, and the cost of installation and maintenance can hamper the growth.

The rapid urbanization, increased commercial and real estate developments, raising awareness for the importance of fenestration in the building with standardization, and desired mandatory specifications creates the need to have a governing body. The fenestration industry and the manufacturers adhere to various standards, from safety codes, certifications to energy efficiency ratings.

The U.S. is a significant market for fenestration products and is expected to show substantial growth over the horizon. Due to the rise in infrastructural development, repair, and replacement of existing structures, a surge in construction activities, especially in residential areas, is projected to favor the market.

Frame Material Insights

The vinyl segment dominated the market for commercial windows and accounted for the largest revenue share of 54.3% in 2019. The segment is projected to witness significant growth and is anticipated to reach USD 2.0 billion by 2027. Based on frame material, the market for commercial windows can be segmented into vinyl, wood, metal, and others. The vinyl segment is projected to witness a significant growth rate of 3.6% over the forecast period owing to its properties and low maintenance.

Wood is one of the principal materials used in construction as it can be skillfully crafted into workable products, durable, especially in the fenestration industry. However, it is being replaced by metal and vinyl frame materials on account of their availability, design options, and desired performance. Thus, wooden window frames are projected to showcase moderate growth by 2027.

Metal frames used in commercial windows are bifurcated into steel, aluminum, and others. Metal window frames are projected to have a significant growth rate of 3.4% by 2027 due to the high strength of aluminum and steel, performance, and shelf life. The fluctuations in the aluminum and steel prices, especially in the pandemic, severely affected the fenestration industry.

Other materials include fiberglass and composite materials. The rise in demand for energy-efficient, green building products, and rising awareness regarding the environmental concerns coupled with the issues associated with the waste generated restructures the overall industry prospect. Aesthetic appeal and variety of designs available are some of the factors considered in the customers’ decision-making strategy.

Mechanism Insights

The sliding segment dominated the market for commercial windows and accounted for the largest revenue share of 46.3% in 2019. The space availability, ease of use, and convenience favor the growth of the sliding segment. It is projected to show a significant expansion of 3.1% over the forecast period. The windows mechanism is majorly bifurcated based on the hinge position or the way it is operated. Based on mechanisms, the market for commercial windows is segmented into sliding, swinging, and others.

Fenestration is one of the crucial parts of the construction industry. It enhances the structure's overall look and performance by offering ventilation, view, and light through commercial windows, admission from one section of the building to other through doors. The selection of proper commercial windows and other fenestration products such as doors offers the desired appeal and fresh and elegant look to the structure.

The swinging mechanism is projected to have a significant share because of its popularity, penetration in the market, operational ease, and aesthetic appeal. These are traditional fenestration products available in various styles, colors, and designs. The use of swinging windows in different construction activities is projected to witness significant growth over the forecast period.

The government initiatives favoring affordable houses, investment in new projects, urbanization, and consumer shift towards the remodeling of aged infrastructure altogether triggers the growth. The availability of eco-friendly, energy-efficient, and technologically advanced windows and doors augmented the forecast period's growth.

End-use Insights

The new commercial end-use segment dominated the market for commercial windows and accounted for the largest revenue share of 78.2% in 2019 because of rising constructions in the region supported by favorable government policies. The advanced construction industry facilitates market growth. Industrialization, urbanization, and a favorable shift of consumers towards repair are driving the segment growth. Moreover, the government initiatives and schemes offering affordable housings are anticipated to fuel the growth of construction and related industries.

The commercial part includes, but is not limited to, healthcare centers, education institutes, hospitality centers, retail offices, hotels, restaurants, lodging, amusement & recreation, and manufacturing industries. The rise in demand for energy-efficient fenestration products favors the market for commercial windows as it contributes significantly to energy efficiency and reduction in the building's energy consumption.

U.S. commercial windows market share, by end use, 2019 (%)

The fenestration industry witnesses the shifting trend of consumers towards refurbishment activities of infrastructure, contributing to the significant growth. The refurbishment of existing structures is cost-efficient and accessible. This resulted in fueling the refurbishment activities in the market, favoring the fenestration industry.

State Insights

New York dominated the market for commercial windows and accounted for the largest revenue share of 10.0% in 2019, owing to rapid growth in the construction industry, urbanization, and industrialization. The U.S. government imposed massive tariffs on the products imported from China and the anti-dumping duty on steel and aluminum imports. The disputes among the countries have resulted in increased hardware parts and the overall fenestration system. Moreover, the government policies and stringent regulations regarding the standardization of the product, demands for LEED, Green Building, and Energy-star certified products, which, in turn, reshapes market prospects.

In Washington DC, the market for commercial windows is projected to witness significant growth over the forecast period and have a compound annual growth rate of 3.8% by 2027. Fast-growing construction activities, demand for style, aesthetics, security, and others favor the market in the U.S.

The U.S. commercial windows market is expected to reach USD 3.6 billion by 2027 and is majorly driven by the new commercial segment. Increasing spending on the infrastructure and inclination of customers towards refurbishment services is expected to fuel the growth of the market for commercial windows.

Key Companies & Market Share Insights

Key players mainly focus on the product quality, service quality, functioning, aesthetics of the product, and volume of goods through various distribution channels. The presence of domestic and multinational companies creates a highly competitive environment in the market. The major manufacturers in the market include Andersen, Pella Corp, Marvin, JELD-WEN, Ply Gem, and Milgard.

The companies tend to invest prominently in the development of their distribution channels. They majorly focus on the acquisition and expansion in a bid to grow in the market. Strategies such as acquisition and technological development allow the company to enhance its product portfolio in varied product segments. Some of the prominent players in the U.S. commercial windows market include:

  • Andersen Corporation

  • Jeld-Wen Inc.

  • The Pella Corporation

  • Profine International Group

  • PGT Innovation, Inc.

  • Cornerstone Building Brands

  • Starline Windows

  • Velux Group

  • Harvey Building Products

  • MI Windows and doors

  • Marvin

  • Apogee Enterprises Inc.

  • Associated Materials Incorporated

U.S. Commercial Windows Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 2.5 billion

Revenue forecast in 2027

USD 3.6 billion

Growth Rate

CAGR of 3.2% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Frame material, mechanism, end-use, state

Country scope

United States

State scope

Maine; New Hampshire; Vermont; Massachusetts; Rhode Island; Connecticut; New York; New Jersey; Pennsylvania; Delaware; Maryland; Washington; Virginia; Michigan; Indiana; Illinois; Wisconsin; Minnesota

Key companies profiled

Andersen Corporation; Jeld-Wen Inc.; The Pella Corporation; Profine International Group; PGT Innovation, Inc.; Cornerstone Building Brands; Starline Windows; Velux Group; Harvey Building Products; MI Windows and doors; Marvin; Apogee Enterprises Inc.; Associated Materials Incorporated

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Segments Covered in the Report

This report forecasts revenue growth at country and state levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the U.S. commercial windows market report on the basis of frame material, mechanism, end-use, and state:

  • Frame Material Outlook (Revenue, USD Million, 2016 - 2027)

    • Vinyl

    • Wood

    • Metal

    • Others

  • Mechanism Outlook (Revenue, USD Million, 2016 – 2027)

    • Sliding

    • Swinging

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2027)

    • New Commercial

    • Refurbishment

  • State Outlook (Revenue, USD Million, 2016 - 2027)

    • Maine

    • New Hampshire

    • Vermont

    • Massachusetts

    • Rhode Island

    • Connecticut

    • New York

    • New Jersey

    • Pennsylvania

    • Delaware

    • Maryland

    • Washington

    • Virginia

    • Michigan

    • Indiana

    • Illinois

    • Wisconsin

    • Minnesota

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