Luxury Doors Market - The commercial application segment  enhance growth

Posted by RASHMI on May 28th, 2019

Luxury doors are among rapidly growing segments in the overall doors market. Luxury doors make up a small part of the doors market, it has been gaining traction in recent years due to their increased awareness and adoption.

The market is characterized by presence of dynamic market players and increased merger & acquisition activities in recent times. Key players in the luxury door industry are investing toward technological modernization of such doors. Although the market is highly susceptible to economic downturns, it is expected to grow at a healthy rate during the forecast period primarily driven by strong performance by international luxury brands in emerging markets.

The global luxury doors market can be segmented based on product type, product mechanism, application, and geography. In terms of product type, the market can be segmented into hinged, swinging, revolving, sliding, and others.

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The sliding segment is anticipated to dominate the market owing the shift towards space-efficient homes. The swinging segment is anticipated to expand at a prominent growth rate during the forecast period.

Major players operating in the global luxury doors market are Andersen Corporation, Centuryply, Pella Corporation, Fenesta Building Systems,