Summary
What were once gloomy forecasts became hard realities for the window and door industry in 2008. Some companies closed plants or distribution locations, while others simply closed their doors. The 2009 Industry Pulse, Window & Door’s exclusive annual survey of North American window and door manufacturers and dealers, suggests most industry executives foresee another tough year ahead.
Analysis
For the more advanced economies, 2009 was for those who survived the global financial crisis a transition year.
The windows and doors market, as a result of the financial crisis and the fall in construction sector, has suffered more than expected, especially countries of North America, USA and Canada.
Europe, has not been an exception in this market and the leaders companies have kept their business with extreme difficulties as well as they must take unimaginable losses.
Brazil becomes the first country in Latin America to emerge from the recession that resulted from the worldwide global financial crisis.
However, there were those who knew how to overcome the crisis effects. A new acronym we should consider for the next years, - B R I C - Brazil, Russian, India and China.
Brazil becomes the first country in Latin America to emerge from the recession that resulted from the worldwide global financial crisis.
The windows and doors market expectations are very encouraging in this country, which faces Soccer World Cup 2014 and Olympic Games 2016.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
