FMI has published its 2025 Building Products Outlook Report, spotlighting the flooring market along with trends in materials, market dynamics, and M&A activity. The report also explores key trends and spending forecasts across several product categories, including windows/doors, insulation, plumbing, drywall, HVAC and roofing.
Key Takeaways
- Total spending on building products is projected to grow 23% from $450B in 2024 to $556B by 2029, with $315B in residential and $240B in nonresidential sectors.
- Nonresidential product spending is forecasted to grow 24%, led by strong gains in roofing, followed by plumbing, drywall, flooring, and insulation.
- New construction will dominate spending in windows/doors (63%) and plumbing (61%), while renovation will drive investment in roofing (74%), HVAC (70%), and flooring (68%).