Global Doors Market is valued approximately USD 94.95 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2022-2028.
A door is a hinged or movable barrier that enables entrance and exit from an enclosure. A door is necessary and the primary objective is to offer security by controlling access to the doorway. Doors gain huge traction in the both non-residential and residential sectors. The flourishing growth of the construction industry, rising inclination towards the adoption of modern interior decor, increasing disposable income, as well as rapid urbanization are the chief factors that are surging the market demand across the globe. For instance, as per Statista, in the United States, the total number of housing units were accounted for 138.45 million in 2018, an increase of 1.05% from 2016, which holds almost 135.58 housing units. This figure increases to approximately 139.64 housing units in 2019 in the United States. Accordingly, the rising investments in housing construction are anticipated to boost the demand for the doors, thus, in turn, impels the global market growth in the approaching years. However, high investment & installation costs of eco-friendly doors and fluctuating raw material prices impedes the growth of the market over the forecast period of 2022-2028. Also, rising needs for the replacement of doors from the renovations sector and increasing spending on customization of doors are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Doors market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rapid urbanization, increasing population, and growth of the construction industry in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as rising disposable income, infrastructural development, as well as, availability of government funding for the construction of buildings and houses, would create lucrative growth prospects for the Doors market across the Asia-Pacific region.
Major market players included in this report are:
Allegion Plc
Andersen Corporation
Simpson Door Company
Jeld-Wen, Inc.
Pella Corporation
The Lyon & Billard Lumber Co
MI Windows and Doors, LLC
Novoferm Gmbh
Viwintech Window & Door Inc.
Therma-Tru Corp.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Wood
Glass
Metal
Composite
Plastic
By Mechanism:
Swinging Doors
Sliding Doors
Folding Doors
Overhead Doors
Others
By Product type:
Interior Doors
Exterior Doors
By Application:
Non-residential
Residential
By Mode of application:
New Construction
Aftermarket
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Doors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors