Report Code: A06118 | Oct 2022 | Pages: 212 | ||
Tables: 142 | Charts: 59 |
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The global doors market size was valued at $124.4 billion in 2021, and is projected to reach $206.6 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
A door is a hinged, revolving, sliding or swinging barrier at the ingress of a room, a building, in the skeleton of a cupboard, or an automobile. It can be produced using different materials, such as wood, metal, glass, cardboard, and fiberglass.
The demand for windows and doors market is largely driven by increase in multifamily housing trends, rise in adoption of automated doors in commercial sector, and development of energy efficient doors. Modern automated doors are used in various commercial sectors, such as airports, malls, corporate offices, and others. In addition, rise in government spending on residential and commercial buildings development is expected to boost the doors market growth. Moreover, escalation in industrialization and urbanization in economies, which include India and Africa, is expected to cater the development of the doors market outlook. Furthermore, surge in consumer expenditure on home renovation and enhancement activities and improvement in new construction activities are expected to provide remunerative growth opportunities for the market players.
Major players have adopted various strategies, such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in April 2021, JELD-WEN launched Pro core doors product line, solid-core doors, which reduce noise by up to 50%. This launch is expected to strengthen its product line.
The COVID-19 pandemic halted production of many products in doors market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of doors companies at their full-scale capacities. This is expected to help the market recover by the end of 2022.
The doors market is segmented into Type, Material and Mechanism and region. On the basis of type, the market is divided into interior doors and exterior doors. On the basis of material, the market is divided into wood, glass, metal, plastic, and others. On the basis of mechanism, the market is divided into swing doors, sliding doors, folding doors, revolving doors, and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The doors market is segmented on the basis of type into interior doors and exterior doors. The exterior doors segment generated the highest revenue in 2021, due to rise in consumer expenses on home remodeling and restructuring.
On the basis of region, Asia-Pacific registered the highest share of the global doors market share in 2021, owing to increased investment in tourism by private as well as public sector, which has also led to increased construction activities, thereby; creating demand for doors. Furthermore, majority of countries in the region are spending on the construction sector for the growth of their economies.
The doors market is segmented on the basis of material into wood, metal, plastic, glass, and others. In 2021, the wood segment accounted for the major share of the total doors market owing to its thermal insulation properties, strong aesthetics, high strength, and high utility of wood. The glass segment is expected to see increase in use in light institutional and commercial applications, and is expected to see significant growth.
The doors market is divided on the basis of mechanism into swing doors, sliding doors, folding doors, revolving doors, and others. The swing doors segment leads the doors market due to the large adoption of hinged doors globally. The sliding doors segment is predicted to exhibit the highest CAGR due to a shift toward space-efficient residential and commercial properties.
COMPETITION ANALYSIS
The key players that operate in the doors market are Assa Abloy Group, Dormakaba Holding AG, GEZE GmbH, JELD-WEN Holding Inc., Manusa Gest, S.L., Nabtesco Corporation, Portalp, Royal Boon Edam International B.V., Sanwa Holdings Corporation, and Stanley Black & Decker.
KEY BENEFITS FOR STAKEHOLDERS
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Doors Market Report Highlights
Aspects | Details |
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Market Size By 2031 | USD 206.6 billion |
Growth Rate | CAGR of 5.2% |
Forecast period | 2021 - 2031 |
Report Pages | 212 |
By Type |
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By Material |
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By Mechanism |
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By Region |
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Key Market Players | Sanwa Holdings Corporation, Jeld-Wen Holding Inc., Dormakaba Holding AG, Portlap, Stanley Black & Decker, Inc., GEZE GmbH, Assa Abloy Group, Manusa Gest, S.L., Royal Boon Edam International B.V., Nabtesco Corporation |
The doors market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to rise in urbanization and surge in investment in infrastructure by the government authorities. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global doors market growth. The exterior segment accounted for the majority of the market share in 2021, owing to rise in consumer expenses on home remodeling and restructuring.
Increase in demand for automatic doors from nonresidential construction sectors, namely, lodging, malls, shopping complexes, and other commercial sectors globally is expected to provide necessary impetus for the market growth. Rise in industrialization and urbanization acts as a significant driver for the development of the doors market. Furthermore, surge in disposable income of people and rise in demand for new residential construction and renovation activities further supplements the market growth. However, fluctuating prices of raw materials globally is expected to hamper the growth of the doors market. On the other hand, technological advancements and expansion of the infrastructure industry around the globe offer lucrative opportunities to the market players.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in April 2022, Royal Boon Edam International B.V launched a ground-breaking revolving-sliding high-capacity revolving door – the Orbit TriSens. The generous three-winged entrance is suitable for areas that handle very high pedestrian traffic, and it boost the latest technology housed within Boon Edam's signature "premium minimalistic" design. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global doors market.
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A. Increase in multifamily housing trends, rise in adoption of automated doors in commercial sector, and development of energy efficient doors are the upcoming trends of Doors market in the world are the upcoming trends of Doors Market in the world.
A. The exterior doors is the leading type of doors market.
A. Asia-Pacific is the largest regional market for Doors.
A. The global doors market was valued at $124,436.8 million in 2021.
A. Assa Abloy Group, Dormakaba Holding AG, GEZE GmbH, JELD-WEN Holding Inc., Manusa Gest, S.L., Nabtesco Corporation, Portalp, Royal Boon Edam International B.V., Sanwa Holdings Corporation, and Stanley Black & Decker are the top companies to hold the market share in Doors.
A. The base year considered in the global doors market report is 2021.
A. The top 10 market players are selected based on two key attributes- competitive strength and market positioning.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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