Global Doors Market Outlook 2031
The global doors market size was USD 99.51 Billion in 2022 and is anticipated to reach USD 151.75 Billion by 2031 register a robust CAGR 4.8% during the forecast period, between 2023 to 2031. Doors are quite popular since they are one of the most regularly utilized structures in architecture. Doors are moveable barriers that provide access to or departure from a certain location.
Its major purpose is to provide security and can be external or inside depending on where it is installed. They influence the ambiance of a space by confining air draughts and enhancing the visual attractiveness of the construction.
Global Doors Market Trends, Drivers, Restraints, and Opportunities:
- Rapid urbanization and middle-class income are estimated to drive the market.
- Growing construction of non-residential and residential activities is projected to boost the market.
- Increased demand of doors for safety purposes such as security and fire, as a result of rising safety standards, is anticipated to drive the market.
- Fluctuating raw material prices, as well as expensive initial and ongoing expenditures for automatic doors, hampers the market.
- Increasing consumer spending on home improvement and renovation activities is expected to provide lucrative opportunities for the market growth.
- Technological advancements provide security & safety, and government investments in infrastructure development are expected to create new opportunities for the market players.
Scope of The Global Doors Market Report:
The report on the doors market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Doors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Materials (Composite, Glass, Plastic, Metal, and Wood), Mechanisms (Folding Doors, Sliding Doors, Swinging Doors, Overhead Doors, and Others), Product Types (Exterior Doors [Automatic and Manual], Interior Doors [Automatic and Manual]), Applications (Residential and Non-residential), Modes of Applications (Aftermarket and New Construction)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Simpson Door Company; Assa Abloy; Jeld-Wen, Inc.; Andersen Corporation; Droma Kaba; PGT; Fancy Doors & Mouldings; Allegion Plc.; Lacantina Doors; and Cornerstone Building Brands
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Doors Market Segment Insights:
The wood segment is projected to hold significant market share
Based on materials, the doors market can be segmented into composite, glass, plastic, metal, and wood. The wood segment is projected to hold significant market share. Wooden doors are aesthetically pleasing. Wood is used in households due to its capacity and durability to tolerate adverse environmental conditions, corrosion resistance, and strong insulating capabilities.
The boosted development of residential buildings is estimated to increase requirement for wooden doors over the projected period.
The swinging doors segment is anticipated to account for a substantial share
On the basis of mechanisms, the market can be fragmented into folding doors, sliding doors, swinging doors, overhead doors, and others. The swinging doors segment is anticipated to account for a substantial share. When compared to rotating, folding, and sliding doors, these are less expensive and require less maintenance.
The sliding doors segment is projected to expand at a rapid pace during the forecast period as it has advantages such as reduced space usage and airtight insulation.
The interior doors segment is estimated to expand at a high CAGR in the coming years
In terms of product types, the doors market can be bifurcated into interior doors and exterior doors. The interior doors segment can be further classified as automatic and manual. The exterior doors segment is further categorized as automatic and manual. The interior doors segment is estimated to expand at a high CAGR in the coming years.
In comparison to external doors, these doors are thinner, lighter, and smaller. The market for interior doors is being driven by changing lifestyles and rising residential construction costs.
The residential segment is projected to grow at a substantial rate during the forecast period
Based on applications, the market can be divided into residential and non-residential. The residential segment is projected to grow at a substantial rate during the forecast period. There is an increasing demand for green buildings due to numerous regulations requiring the use of sustainable and energy-efficient materials in both commercial and residential structures. Renovation and repairs have grown in popularity and added to the segment growth.
The new construction segment is expected to expand at a robust CAGR during the forecast period
On the basis of modes of applications, the doors market can be segregated into aftermarket and new construction. The new construction segment is expected to expand at a robust CAGR during the forecast period, due to shifting preferences and trends, which may necessitate renovation and rebuilding. Reduced noise, improved comfort, and increased aesthetic appeal are projected to increase demand for doors.
Asia Pacific is expected to dominate the market
In terms of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. The rising infrastructure and building & construction sectors are projected to drive the regional market. The region's demand for customized doors is increasing significantly, owing to the increased demand for aesthetic appeal in the infrastructure sector.
The region's increasing urbanization, rising living standards, growing population, and expanding economies in developing countries such as India and China have contributed significantly to market growth.
Segments
By Materials
- Composite
- Glass
- Plastic
- Metal
- Wood
By Mechanisms
- Folding Doors
- Sliding Doors
- Swinging Doors
- Overhead Doors
- Others
By Product Types
- Exterior Doors
- Interior Doors
By Applications
- Residential
- Non-residential
By Modes of Applications
- Aftermarket
- New construction
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Simpson Door Company
- Assa Abloy
- Jeld-Wen, Inc.
- Andersen Corporation
- Droma Kaba
- PGT
- Fancy Doors & Mouldings
- Allegion Plc
- Lacantina Doors
- Cornerstone Building Brands
Competitive Landscape
Key players in the doors market include Simpson Door Company; Assa Abloy; Jeld-Wen, Inc.; Andersen Corporation; Droma Kaba; PGT; Fancy Doors & Mouldings; Allegion Plc.; Lacantina Doors; and Cornerstone Building Brands. These players are constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
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