Doors Market - Key Development Trends and Competitive Analysis over 2020 – 2026
Category: #headlines  By Rahul Varpe  Date: 2020-06-02
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Doors Market - Key Development Trends and Competitive Analysis over 2020 – 2026

Growing infrastructure activities and a surge in real estate sector across Asia Pacific will be propelling the market development over the forecast timeframe. Additionally, growing urbanization and population will be accountable for increase in new non-residential and residential buildings in this region. According to estimates, Asia Pacific will likely have close to 50% rate of urbanization by 2026, which will further provide opportunities for the doors market expansion over the study period.

Doors Market is expected to exceed USD 165 billion by 2026. Rising urbanization and population will fasten growth of doors industry in coming years.

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Residential applications market was valued at more than USD 65 billion over the forecast period due to increasing population around the world. Availability of government subsidies to develop residential construction segment will propel the doors usage. Further, rising building improvement & repair activities will contribute significantly in increasing doors market demand over the forecast period.

Growth Drivers: -

  1. Increasing construction of residential infrastructure in North America
  2. Increase in replacement of the aging infrastructure in Europe
  3. Growing population and IT infrastructure in APAC region
  4. Growth in commercial infrastructure in Latin America
  5. Expansion in the construction industry in Middle East & Africa

Global Doors Market, by Product: -

  1. Sliding
  2. Hinged
  3. French
  4. Others

Doors market will be proliferating at a significant rate over the forecast period owing to rising demand for improved infrastructure across the world. Key producers in the market includes: -

Andersen Corporation, Jeld-Wen Holding, Pella Corporation, Lixil Group Corporation, Masco Corporation, YKK Corporation, Atrium Corporation, MI Windows and Doors, Schuco International, Marvin Windows & Doors, Entrematic Group, Assa Abloy, Boon Edam, Gilgen Door Systems, Dorma+Kaba, Geze, Stanley Access Technologies, PORTALP Automatic Doors, Rite-Hite and Shipyarddoor

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uPVC doors will grow at a CAGR of 5.5% over the study period owing to its superior strength, versatility and cost effectiveness. These doors are widely used for making sliding, hinged or French doors. Availability of variety of colors, patterns & laminates will be accountable factors for driving the segment's growth by 2026.

Sliding doors will be accounting for a market share of more than 25% over the forecast period. These doors are equipped with soundproof and airtight insulation features depending upon the end-user requirement. These doors also provide attractive aesthetics to the residential housing, which is likely to increase its usage in new residential construction industry in the future.

Asia Pacific doors market will be accounting for a market share of more than 40% over the forecast period. Growing urbanization & industrialization accompanied by rising government attention to develop infrastructure in Asia Pacific will be major driving factors for the industry expansion over the forecast period. However, short term economic slowdown in India along with ongoing US-China trade war will significantly impact the industry. Despite of these, growing consumer spending power and urbanization in these countries will further boost the doors market share over the forecast period.

Some major findings of the doors market report include: -

  1. Supporting regulations for renovation of existing infrastructure globally will stipulate the market demand
  2. Growing private as well as government investments towards new residential construction sector in North America will develop the industry
  3. Increasing replacement of ageing infrastructure in European countries will boost the doors market share
  4. Changing consumer buying patterns for luxury products will enhance the product demand
  5. Ongoing trends for energy efficient buildings will boost the industry in coming years

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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