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US Demand for Molding & Trim is Forecast to Exceed $10 Billion in 2014 » Woodworking Machinery & Industry News Blog: First Choice Industrial
US Demand for Molding & Trim is Forecast to Exceed $10 Billion in 2014

First Choice Industrial

US demand to rise 10% annually through 2014

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US demand for molding and trim is forecast to exceed $10 billion in 2014 on annual increases of 10.0 percent. An expected rebound in new residential construction expenditures from their depressed 2009 level will fuel gains. As the housing market contracted from 2006 through 2009, molding and trim demand suffered a steep decline. The new residential market, which normally accounts for more than 40 percent of overall demand for molding and trim, saw its share drop to just over 20 percent in 2009. Even though the recovery in housing completions will still fall short of the 2004 level, new residential demand for molding and trim will have regained its usual share by 2014.

While other markets for molding and trim will see growth through 2014, advances will be much less spectacular than those for new residential building. Demand in the nonresidential building market, which managed modest growth over the 2004-2009 period, will accelerate as construction activity in the office and commercial segment, a key market for nonresidential molding and trim demand, recovers from weakness triggered by the US recession.

The full report is available from Freedonia Custom Research which delivers high quality, thorough and unbiased assessments of several industry & markets.

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