UAE Commercial Overhead Doors Market Size, Share, Growth2031

Report Description

UAE Commercial Overhead Doors Market Outlook

The UAE Commercial Overhead Doors market was valued at USD 182.7 Mn in 2019 and is projected to reach USD 232.5 Mn by 2027, expanding at a CAGR of 3.8% during the forecast period. Several emerging trends in the commercial industry have fueled the demand for high speed overhead doors, which in turn, is creating opportunities in the market. Key players in the market are engaged in increasing acquisitions of regional players to expand their sales portfolio across multiple countries.

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Mergers and partnerships help companies boost production hubs and increase distribution outlets pertaining commercial overhead doors. The market is growing significantly as the installation of UAE commercial overhead doors bring a number of benefits such as security. Moreover, increasing product penetration in numerous developing countries is expected to fuel the market during the forecast period.

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UAE Commercial Overhead Doors Market Dynamics

Increase in Adoption of High-speed Overhead Garage Doors

The demand for doors which open and close quickly and swiftly are employed for commercial usage, as it saves time and effort of the users. These doors are not only high-speed, but also energy efficient and eco-friendly. Additionally, measures taken by the Government of UAE in promoting energy efficient products is expected to drive the market during forecasting period.

Rise in Awareness about Green Energy Solutions

In 2017, the UAE government announced Energy Strategy 2050 mission, emphasizing the need for environmentally friendly products. The presence of overhead doors that are eco-friendly such as overhead doors that utilize recycled steel is boosting the market. Raw materials used for manufacturing these doors have insulating characteristics, which cater to the growing demand for fire rated doors. Hence, added features of these doors fuel the demand for commercial overhead doors in the UAE.

Growing Raw Materials Prices

A wide variety of overhead doors are available in the market. These doors are made using different raw materials such as steel and aluminum. The pandemic has created a shortage in raw materials due to under production and reduced operations of manufacturing plants, while their demand has stayed high, and thus the prices of these raw materials have increased in the recent period. This, in turn, impedes the market in the UAE.

Surge in E-commerce Industry in the UAE

Due to the surge in e-commerce industry in UAE, the demand for warehouses has been growing lately to store various kinds of products, which in turn is positively affecting the demand for overhead doors as warehouses require overhead doors. Hence, growth of the e-commerce industry is expected to create opportunities in the market.

UAE Commercial Overhead Doors Market Segmental Outlook

Based on types, the commercial overhead doors market is segmented into sectional doors, rolling door, and others. The sectional doors segment is anticipated to account for a significant share of the market and is projected to expand at a substantial CAGR during the forecast period, due to its positive attributes such as temperature regulation, robustness, and space-saving feature.

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On the basis of sales channel, the market is segmented into manufacturer/distributor/service provider and aftermarket. The manufacturer/distributor/service provider segment is expected to hold a substantial share of the market and is projected to expand at a substantial CAGR during the forecast period, due to increasing development and urbanization in the UAE.

In terms of applications, the UAE commercial overhead doors market is segmented into garages, warehouses, retail, medical facilities, government buildings, hotels and others. The warehouse segment is expected to hold a key share of the market and is projected to expand at a substantial CAGR during the forecast period, due to rising e-commerce sector in the UAE, the country seeking self-sufficiency in terms of food production, and strong presence of trading activities.

On the basis of application, the warehouse segment held significant value share of the market in 2019. In terms of revenue, the warehouse and garage segments were valued at USD 40.9 Mn and USD 37.5 Mn, respectively, in 2019. Furthermore, the garage segment is anticipated to expand at a lucrative CAGR of 3.6% between 2020 and 2027. The Y-o-Y growth of the government buildings segment was impeded by -3.00% due to the impact of COVID-19 pandemic between 2019 and 2020.

The Garage segment was valued at USD 37.5 Mn in 2019 and is anticipated to reach USD 46.7 Mn by the end of year 2027. The garage segment is anticipated to expand at a considerable CAGR during the forecast period due to rising use of overhead doors for garages, increasing commercial activities, growing commercial vehicle industry, and increasing consumer expenditure in the UAE. Warehouses are huge enclosed buildings where goods are stored to keep them safe from damage and theft. The warehousing segment is driven by surging number of trading activities in the UAE, recurring need for warehousing to store seasonal goods, rising adoption of e-commerce channels, and the government’s aim to make the country self-sufficient, in terms of food production. Warehouse segment is expected to grow at a significant CAGR of 4.0% during the forecast period, 2020-2027 to reach at USD 52.5 Mn by the end of the year 2027.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the UAE Commercial Overhead Doors Market
• Historical, Current and Projected Market Size in terms of Value
• Potential & Niche Segments Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on UAE Commercial Overhead Doors Market Performance