Pocket Door Market 2020 - Trend, Segmentation and Opportunities Forecast To 2024
Category: #headlines  By Rahul Varpe  Date: 2020-06-10
  • share
  • Twitter
  • Facebook
  • LinkedIn
Pocket Door Market 2020 - Trend, Segmentation and Opportunities Forecast To 2024

Rising consumer spending for new house construction and building renovation are propelling pocket door market share. Rapid urbanization in emerging countries including China, India and South Korea supporting improved infrastructure developments along with house building projects are fueling product demand. According to National Bureau of Statistics (NBS), Chinese investment in real estate development is witnessing year on year growth around 7%.

Asia Pacific market is projected to experience over 5% revenue growth. The regional growth is mainly contributed by China, India, and South Korea owing to improving construction spending impacting pocket doors demand. Rapid economic developments in countries include Malaysia, Thailand, and Indonesia are pacing real estate projects. Government initiatives for affordable housing schemes and financial supports from lowering interest rates are key factors stimulating pocket door market growth.

Request for a sample copy of this report @ http://decresearch.com/request-sample/detail/2752      

Commercial and industrial segment is anticipated to observe more than 4.5% CAGR up to 2024. Rapid industrialization in several emerging countries risen requirement in manufacturing facilities, logistics sites, and storage rooms will propel revenue share. Steel door has huge application in production sites owing to the presence of large equipment and machinery. Commercial spaces are installing see-through structures for convenience and safety purpose excelling product demand.

Pocket Door Market, By Material: -

  1. Wood
  2. Glass
  3. Aluminum
  4. Vinyl
  5. Others (Steel, Fiberglass)

Pocket Door Market, By Product: -

  1. Single Pocket
  2. Double Pocket
  3. Unilateral

 

Prominent companies present in the pocket door market: -

are Allgood, Ferrero Legno, FOA Porte, Bertolotto Porte, Fleetwood, LPD doors, JAP, Scrigno, Ghizzi & Benatti, JB kind, Slidesystems, Selo, Raydoor, Casali, and Linvisible. Manufacturing companies are expected to adopt acquisition strategies to gain competitive advantages. These companies are also focusing on entering strategic collaboration and partnership with international interior and decor brands.

U.S Department of Energy and Department of Housing and Urban Development are strongly focusing on building cost effective, energy saving solution to reduce energy bills across the country. Technological advancements along with stringent government guidelines are influencing adoption of energy efficient products for minimizing carbon emission are major drivers boosting pocket door market demand.

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/pocket-door-market

Wood pocket door segment captured more than 45% market share in 2017. Excellent designing options, enhanced interior, and aesthetic appearance are the key factors driving industry share. Residential segment has high adoption on wooden pocket doors owing to long life benefits, rustproof material, cracks & chip resistance properties are surging product penetration during forecast time.

Single pocket door market is likely to witness over 5.5% CAGR up to 2024. Increasing product demand especially residential segment owing to minor space occupancy benefits boosting market share. Wide applications include toilets, washrooms, bedrooms along with commercial application such as warehouse, pantries, common rooms and storage rooms are major adoption areas. The large variety of materials includes aluminum, glass and steel are improving installations in commercial spaces and residential buildings escalating pocket door industry.

Construction industry is witnessing healthy growth owing to enhanced repair and remodeling activities in several region stimulation pocket door market. Increased investments especially for enhancing interiors, aesthetics and space designs has positively impacted product landscape.

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

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 ...

Read More >>

More News By Rahul Varpe

Interceptor Missiles Market Growth, Opportunities, Industry Applications, Analysis and Forecast To 2026
Interceptor Missiles Market Growth, Opportunities, Industry Applications, Analysis and Forecast To 2026
By Rahul Varpe

Geopolitical instability and threat of terrorism with respect to the global economy has witnessed a marked rise over the recent years. Interceptor missiles market growth seems to be closely hinged to this global unrest. The profitability quotient of ...

Commercial Aircraft MRO Market Latest Trends, Development, Growth Analysis And Forecast by 2026
Commercial Aircraft MRO Market Latest Trends, Development, Growth Analysis And Forecast by 2026
By Rahul Varpe

Global commercial aircraft MRO market size is slated to experience dramatic growth in the forthcoming years. Rapid expansion of business in the commercial aviation sector has increased the demand for maintenance, repair, and overhaul (MRO) services. ...

Helicopter Blades Market 2019-2025 : Share Forecasts, Regional Trends & Growth drivers
Helicopter Blades Market 2019-2025 : Share Forecasts, Regional Trends & Growth drivers
By Rahul Varpe

Escalating demand for passenger and military helicopters, along with rising defense spending worldwide is anticipated to drive helicopter blades market outlook. Rotor blades are vital parts for any helicopter as they can significantly impact crucial ...