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A06118 | Pages: 212 | Charts: 59 | Tables: 142 |
Global Doors Market Size was valued at USD 124.4 billion in 2021, and is projected to reach USD 206.6 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
A doors market 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 door market is largely driven by increase in multifamily housing trends, rise in adoption of automated door in commercial sector, and development of energy efficient door. Modern automated door 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.
A door includes a rotatable, hanging, sliding, or swinging partition or barrier that grants access to a room, building, or automobile. It may be made from cardboard, fiberglass, metal, glass, or wood.
Increasing number of buildings are propelling the demand for door. Further developing construction activities in Asia Pacific region has forecasted a higher growth rate than any other region due to increased spending on housing market in China and India this will supplement the growth of this doors market. Therefore rise in infrastructural projects across different regions is anticipated to stimulate expansion of construction project therefore driving demand of this product services.
This is because fiberglass door contain within them the ability to conserve energy and provide better insulation than both wooden and metallic door. These exceptional insulating capabilities help to regulate room temperatures, reducing the need for excessive heating or cooling. Consequently, homeowners can save on their energy expenses. In recent years, there has been an increased demand for environmental friendly building products such as door. This is mainly because many nations have set different goals aiming at having a more energy efficient construction industry. An example of this is that in Europe, countries have set their future targets for making their real estates carbon-zero by 2050.
As well as that, there has also been a rise in government spendings resulting in increased construction of residential and non-residential buildings in US and Canada. Affordable houses are being built in both nations.
January 2022 Masonite International Corporation, a global designer, producer, marketer, and distributor of interior and exterior door, introduced Masonite M-Pwr Smart Door, the first home outside door to include electricity, lighting, a video doorbell, and a smart lock into the system.
In July 2021 Milgard Manufacturing, LLC launched new AX550 moving glass door in standard and custom sizes for both, new home construction and replacement or remodeling projects. This launch is expected to bring enrichment to its product line.
In July 2022 Stanley signed a definitive agreement for the sale of its automatic door business, Access Technologies, to Allegion plc. This agreement will advance Stanley Black & Decker's portfolio transformation and sharpen strategic focus on its core business.
The Doors Market is segmented into Type, Material and Mechanism and region. On the basis of type, the market is divided into interior door and exterior door. 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 door, sliding door, folding door, revolving door, 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 door and exterior door. The exterior door segment generated the highest revenue in 2021, due to rise in consumer expenses on home remodeling and restructuring.
[REGIONGRAPH]
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 door. Furthermore, majority of countries in the region are spending on the construction sector for the growth of their economies.
[MATERIALGRAPH]
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.
[MECHANISMGRAPH]
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.
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 Market Segments
Key Market Players