The numbers of the window frames and curtain walls market
The site is dedicated to the analysis of the building envelope market. In the Reports and Publications section you can find data related to the following sectors: windows and doors (wood, aluminum and PVC) and curtain walls, technical closures, metal carpentry.
For each of the sectors, data are available on the trend of demand in the various market segments and the income and financial performance of the companies. Forecasts of growth and profitability are also provided for a two-year time horizon.
Annual reports are published for all analyzed sectors. In the case of the window and door frames and curtain walls sector, data is updated up to three times a year.
Last available documents
Building Envelope Market Report. First half 2021 update
The latest market data indicate a recovery in the construction sector of 7.5% for 2021 (at the beginning of the year a recovery of 3.6% was expected), the residential renovation sector will grow by 12.7%, new construction will grow by 9.6%. The long wave of recovery will continue in 2022 with +9% for renovation and +6% for new construction. These are the highest growth figures in the last 15 years.
The windows and doors market will grow by 8.6% in 2021 (forecasts at the beginning of the year indicated a +5.5%), recovering what was lost in 2020 (-7%); the recovery will continue in 2022 with +6.2%. In the residential segment, the demand for windows and doors will grow by 12% in 2021 and 8.4% in 2022, again the highest values recorded in the last 15 years.
The year 2021 is expected to show a strong recovery due to the extraordinary development of the replacement market for windows and doors in the residential sector. Estimates indicate that the demand for windows and doors generated thanks to the various instruments currently in force (55% with discount on the invoice, Bonus Casa and Superbonus) will be close to €2 billion (€1.96 billion), up 37% compared to €1.41 billion in 2020. Incentives generate 70% of the demand for windows and doors in the residential market.
A significant contribution to growth will also come from the replacement market in the commercial and tertiary segment, where companies will invest in the modernisation of buildings, thanks to the possibility of lowering their tax burden. The window and door market in the non-residential segment will grow by a total of 3.9% in 2021 and 2.8% in 2022. The curtain wall market, which had not been particularly affected by the crisis in 2020, will grow in line with the non-residential market in 2021 (3.9%) and by 1% in 2022, the latter figure being determined by the completion of major real estate projects currently underway and the strong tensions on prices, which will have a negative effect on the value of the market.
An analysis of the financial statements of metal window and door and curtain wall manufacturers shows a marked improvement in the forecasts for the close of 2020 and the projections for 2021. The impact of COVID on operating profitability (ROS) will be significant in 2020 especially for façade manufacturers, who have suffered the greatest slowdown in 2020, but the recovery for 2021 will be excellent. Comparing the balance sheets of window manufacturers in different materials (aluminium/metal, PVC and wood), critical data in 2020 are only found for wood window manufacturers; the excellent performance of PVC window manufacturers is confirmed, who will fully recover what was lost in 2020.