Pocket Door Market - Top Vendors Analysis, Market Challenges and Geographical Analysis
The pocket door market is anticipated to register robust growth by 2027 due to soaring consumer interest in modern living spaces in emerging countries across the globe. In addition, rising availability of sophisticated products is expected to further propel market growth over the forecast period.
Pocket doors are a unique door option that essentially disappear into the wall when closed and offer several benefits. Some of its advantages include increased space, privacy, and convenience, which have played a vital role in augmenting product uptake in recent years.
Following the COVID-19 outbreak, government-imposed lockdowns forced people to stay indoors, prompting consumers to optimize the available living space to carry out their daily activities. Subsequently, the upsurge in consumer interest in residential remodeling bolstered product demand in key regions around the world.
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Moreover, pocket doors are considered an excellent option for smaller areas that do not have sufficient wall space for conventional doors. Additionally, with the prevalent work-from-home trend, pocket doors also posed as a viable solution for consumers to create private office spaces in larger areas. As a result, booming requirement for space-saving and modern home design solutions, coupled with improved buyer capacity, has driven industry expansion during the pandemic.
The pocket door market has been segmented based on material, product, end-user, and region. With respect to material, the market has been categorized into glass, wood, vinyl, aluminum, and other (steel, fiberglass).
The others sub-segment is estimated to observe substantial growth by 2027, expanding at a notable CAGR through the assessment period. Other materials include fiberglass, steel, and so on. Increasing usage of fiberglass and steel materials for product development in the industrial sector is set to fuel segmental growth in the coming years.
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In the regional landscape, the Europe pocket door market is projected to grow at a CAGR of around 5.6% through the study timeframe to reach a sizable valuation by the end of 2027. Prevalent application of pocket doors in the commercial sector in countries like France and Italy is slated to boost product demand in the region over the following years.
In 2020, Latin America accounted for over 7.8% of the global pocket door industry in terms of revenue and is projected to expand at a CAGR of approximately 5.0% over the analysis timeline. Rising demand for wooden pocket doors across LATAM is likely to impel regional market growth in the forthcoming years.
Meanwhile, the Middle East & Africa pocket door market contributed to a considerable portion of the overall industry revenue in 2020 and is slated to showcase significant growth by 2027. Mounting adoption of the product in the domestic commercial sector is speculated to boost industry penetration in MEA in the future.
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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 online. Apart from being an avid...