Global Doors Market – Industry Analysis and Forecast (2019-2027)Posted by rahul on March 19th, 2021 Global Doors Market was valued US$ 87.43 Bn in 2019 and is expected to reach US$ 142.80 Bn by 2027, at a CAGR of 7.27 % during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Doors are the most commonly used structures in the construction sector. It controls the atmosphere of a place by circling the air drafts as well as growing the visual appeal of the architecture. Growing housing infrastructure in urban and rural areas and rising population are expected to drive the demand for the door products. Increasing demand for impact-resistant housing structure will boost the growth in the global door market. Consumer demand is gradually shifting towards premium green products in the doors market. High investment & installation costs for eco-friendly doors are a major factor restraining the growth of the market. Metal doors segment contain architectural aluminum products, which are preferred in both residential and commercial assets. These materials are offers minimal maintenance along with a layered frame which can be painted and matched with different colors of the consumer’s preference. Thus, aluminum doors are projected to witness considerable growth over the forecast timeline, thanks to its feature such as lightweight, durability, corrosion resistance and ductility properties. Sliding doors are expected to hold significant growth in the global door market. This growth can be attributed to its feature such as slim-line design, easy installation, lightweight coupled with soundproof and airtight insulation. It is a suitable solution in the residential construction as it produces the dint of huge space and permits better access to the garden or balcony that seems to extend the room space. The demand for door product varies depending upon the consumer’s requirement with wide-ranging functions. Offices and IT industries generally prefer sliding doors due to its enhanced visibility, easy handling and improved aesthetics to the infrastructure. Wooden doors are estimated to lead the global doors market. Enhanced aesthetics, high performance, longer life cycle, and superior protection are key factors which drives the demand for wood. Furthermore, growing trends toward eco-friendly products will hinder the wooden doors demand. Based on regional segment, the global exterior doors market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is projected to continue its dominance during the forecast period. Increasing brand awareness, adoption of the modern lifestyle, changes in consumer preference are major factors which boots the door market growth. Emergent regional economy coupled with growing disposable income, consumers turn to spending on luxury products including decor, bathroom fillings, and doors are amplifying the global door market. Increasing privatization, enhancing government investments and public funding in construction sectors by developing economies including Indonesia, India and Thailand will boost the growth of global doors market. Also North America and Europe are prominent regions in terms of volume. The market in Latin America is projected to grow substantially throughout the forecast period due to the increase in the industrialization. The objective of the report is to present a comprehensive analysis of the Doors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Doors Market dynamics, structure by analyzing the market segments and project the Doors Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Doors Market make the report investor’s guide. Key profiled and analysed in the Global Doors Market visit at-https://www.maximizemarketresearch.com/market-report/global-doors-market/22255/
Global Doors Market, By Product type • Interior Doors • Wood • Sliding Doors • Residential • North America • ASSA ABLOY AB About Us: Maximize Market Research provides B2B and B2C market research on Like it? Share it! More by this author |