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Managerial accounting The housing sector, and more specifically the sector relating to windows and shutters, employed 110,000 people in France in 2010. A third of

Managerial accounting The housing sector, and more specifically the sector relating to windows and shutters, employed 110,000 people in France in 2010. A third of this market value is linked directly to the jobs created (3.25 billion over 10 billion for the housing sector overall). The market is mainly based on SMEs (around 5,000) who manufacture the windows, and artisans (around 40,000) who install them. Two major markets exist for windows: windows in new buildings account for 26% of market volume, while replacement windows represent the remaining 74% (source: UFME, 2011). In terms of market value, the renovation market is larger, and generates more income. Important price fluctuations can be observed on the market. The average price of a window is 420 (net of tax). However, as soon as the cost of installation is added, the price can rise by at least 80%, to 760. Since 2004, the average price of a window has increased by 38%. Several factors explain this, including the quality and type of material used: the market has shift towards aluminium on one hand, and towards more efficient products on the other hand. However, in terms of the volume of products sold, PVC largely dominates the market, with 62% of market share, followed by aluminium (22%) and wood (13%).

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