Doors and windows are two important elements of a building’s envelope and they directly affect how the structure performs on multiple fronts, not to mention the health and wellbeing of inhabitants. Here are a handful of trends influencing the fenestration industry over the next 5 years.
Ultimately, channel diversification can help manufacturers of smart home products and systems connect with a wide variety of individuals, systems integrators, and other stakeholders in order to innovate for the changing purchasing behaviors of the modern homeowner and renter.
In the best of scenarios, a good pricing strategy serves to increase your market share, prop up your brand values, and yield favorable profit margins. After facing a variety of unusual market challenges in 2020 and 2021, it’s time for building products manufacturers and suppliers to return their focus to product development and pricing strategy planning.
Perhaps the most noticeable change is in the expectations for next 12 months of revenue, where we have a drop from Q4-21 to Q1-22 across all categories. This trends where contractors are seeing decreased average revenues per project has been occurring for several years.
About a third of home remodeling projects in 2021 involved installing energy efficient appliances. Indoor air quality monitoring systems and water filtration systems were also among the most common products incorporated into renovations. Top of mind among homeowners for future projects are the following: