Exterior Doors Market Overview:
Exterior Doors Market was valued at $65,327 million in 2016 and is expected to reach $107,954 million in 2023, growing at a CAGR of 7.5% from 2017 to 2023. Exterior doors include panel doors, bypass doors, bifold doors, pocket doors, and others. These doors are generally fitted on the front gate of the entrance of houses and other nonresidential areas, thereby, enhancing the overall appearance. Exterior doors are also known as entry doors and provide various features such as energy efficiency, cost reduction, and high durability. Customers can easily choose doors according to their choices, preferences, and individual personalities owing to the availability of a wide range, style, and designs of exterior doors.
Exterior doors, besides enhancing the aesthetic appeal of a building, also serve as ideal solutions for energy efficiency and convenience depending on the mechanism used. Various types of mechanisms available in exterior doors include swinging, sliding, folding, and revolving & others. Swinging exterior doors have a wide application among consumers in the commercial and residential sectors owing to its convenience in usage.
The global exterior doors market is segmented based on material type into wood, metal, glass, fiberboard, fiberglass, and vinyl. In 2016, the metal segment accounted for maximum share of the total exterior doors market revenue owing to the high dimensional stability and durability & resistance to fire and chemicals, often preferred in the commercial sector. Leading players profiled in the report include ASSA ABLOY AB, JELD-WEN Holding, Inc., Marvin Doors & Windows Inc., Pella Corporation, Masonite, VKR, Atrium Corporation, Bayer Built Inc., ETO Doors, JS Doors Manufacturer PTE Ltd..
Residential construction dominates the market; however, nonresidential construction is expected to grow at relatively higher rate globally. The maximum demand for exterior doors market is generated from panel doors. Panel doors are gaining traction among the end user due to their ability to accentuate the aesthetic appeal of building entrances.
Top Investment Pockets for Doors
Currently, doors are witnessing increased penetration among both residential and nonresidential users. Wood and metal have witnessed considerable demand, owing to their various features such as easy availability in the market, durability, and strong aesthetics properties.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the exterior doors market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
- The quantitative analysis of the exterior doors market is from 2017 to 2023 is provided to determine the market potential.
Exterior Doors Market Key Segments:
- Panel Doors
- Bypass Doors
- Bifold Doors
By Material Type
- Revolving & Others
By End User
Key Market Players
- ASSA ABLOY AB
- JELD-WEN Holding, Inc.
- Marvin Doors & Windows Inc.
- Pella Corporation
- Atrium Corporation
- Bayer Built Inc.
- ETO Doors
- JS Doors Manufacturer PTE Ltd..
Exterior Doors Market Report Highlights
By DOOR TYPE
By END USER
Key Market Players
ATRIUM CORPORATION, JELD-WEN HOLDING, INC. (JELD-WEN, INC.), JS DOORS MANUFACTURER PTE LTD., BAYER BUILT INC., ASSA ABLOY AB, ETO DOORS, VKR HOLDING A/S, PELLA CORPORATION, MARVIN WINDOWS AND DOORS, INC., MASONITE INTERNATIONAL CORPORATION
Exterior doors create appropriate and well-designed functional space with proper access points and effective circulatory patterns in a building. The maximum demand for exterior doors market is generated from panel doors. Panel doors are gaining traction among the end user due to their ability to accentuate the aesthetic appeal of building entrances.
Developed regions, such as the North America and Western Europe, have reported hugger penetration of residential over nonresidential construction due to recovery of the housing market over the last few years. Increase in demand from nonresidential construction sectors, namely, lodging and commercial sectors in the U.S. and office and retail sectors in Western Europe is expected to provide the necessary impetus for the exterior doors market growth. The relative revenue contribution of residential and nonresidential sector in Asia-Pacific is more or less equally distributed. The nonresidential sector is expected to witness the highest growth rate due to increase in demand from China, India, and other emerging countries such as Indonesia, Philippines, and others. Rapid industrialization and urbanization acts as the key driver for market growth. Moreover, rise in population and a surge in disposable income supplement this growth. Numerous players operating in the market have adopted strategies such as acquisition and product launch to sustain the intense competition.