Fiberglass Doors Market Research, 2031
The global fiberglass doors market size was valued at $12.3 billion in 2021, and is projected to reach $30.2 billion by 2031, growing at a CAGR of 9.3% from 2022 to 2031.
Fiberglass door is a strong alternative to wood door. It has three major components such as frame, core, and skin. The frame is usually made of wood or a high-strength composite material. The core is filled with a polyurethane insulating foam for both insulation and soundproofing. These doors are constructed with impact-compression molded fiberglass. It provides various features such as moisture resistance, energy efficiency, dent, splinter, warp, rust, security, and low maintenance.
The global fiberglass doors industry is experiencing development due to several factors that include growth in the construction industry, urbanization, and high-tech innovations. As per the World Urbanization Prospect reports, approximately 54% of the population belonged to urban & municipal places in 2014, which is expected to reach 66% by 2050, thereby fueling the development of the fiberglass doors market. Furthermore, rise in standard of living of people boosts the demand for renovation & remodeling construction projects. An increase in air & sound pollution, damage to biodiversity, and rise in the formation of urban heat islands are some of the factors that make way for eco-friendly doors to reduce ecological degradation. Fiberglass doors are suitable for residential and commercial building exteriors as they improve the aesthetic appeal and offer superior insulation. In addition, these doors possess thermal insulation, waterproofing, and energy-conserving properties, which are expected to boost their adoption during the forecast period. Moreover, they can resist different weather conditions, perform better, and last longer than wooden doors. However, high cost of fiberglass doors and expensive installation is a major restraint on the growth of the market.
Major players have adopted various strategies such as product launches and acquisitions to sustain the competition and improve their product portfolios. For instance, in July 2021, Milgard Windows & Doors launches new AX550 Moving Glass doors 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.
The fiberglass doors market is segmented into Product type, Design and End user. On the basis of product type, the market is divided into interior and exterior. On the basis of design, the market is divided into solid doors and doors with glass. On the basis of end-user, the market is divided into residential and non-residential. Region-wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of product type, the exterior segment generated the highest revenue in 2021, due to a rise in consumer expenses on home remodeling and restructuring, which has been a key driver of the fiberglass doors market growth.
On the basis of region, Asia-Pacific registered the highest share of the global fiberglass doors market share in 2021. Furthermore, this is due to increase in investment in tourism by private as well as public sector, which has led to increased construction activities, thereby creating a demand for fiberglass doors. Furthermore, the majority of countries in the region are spending on the construction sector for the growth of their economies and it is expected to boost the fiberglass doors market opportunities.
By End User
The non-residential segment accounted for the highest revenue in the global market in 2021.
On the basis of end-user, the non-residential segment accounted for the highest revenue in the global market in 2021, owing to an increase in non-residential construction projects, which are expected to drive demand for fiberglass doors.
The key players that operate in the fiberglass doors market are Assa Abloy AB, Bayer Built Inc., ETO DOORS, Fibertec, GlassCraft, JELD-WEN, Kohltech, Masonite, Master Grain, Milgard Manufacturing, LLC, Pella, PLASTPRO, Stanley Black & Decker, Inc., Steves & Sons, Taylor Entrance Systems, Therma-Tru Doors, Trinity Glass International, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global fiberglass doors market trends and dynamics.
- In-depth global fiberglass doors market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of fiberglass doors market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Fiberglass doors market forecast analysis from 2022 to 2031 is included in the report.
- The key players in the fiberglass doors market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of fiberglass doors industry.
Fiberglass Doors Market Report Highlights
By Product type
By End user
Key Market Players
Masonite, PLASTPRO, Jeld-Wen Holding, Inc, Pella Corporation, Bayer Built Inc.,, Taylor Entrance Systems, Fibertec, Stanley Black & Decker Inc.,, Master Grain, Therma-Tru Doors, Steves & Sons, Trinity Glass International Inc., ETO DOORS, Milgard Manufacturing LLC, Glass Craft, Assa Abloy AB, Kohltech
The fiberglass doors market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in the near future due to rise in urbanization and surge in investment in infrastructure by government authorities. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global fiberglass doors market growth. The exterior segment accounted for the majority of the market share in 2021, owing to a rise in consumer expenses on home remodeling and restructuring, which has been a key driver of the fiberglass doors market growth.
Various market players have adopted strategies such as product launch, business expansion, acquisitions, and agreements to expand their businesses and strengthen their market position. For instance, in January 2022, ThermaTru launched a new design for its products: classic craft mahogany-grained 3/4-lite doors with flush-glazed zaha glass, classic craft walnut-grained flush doors, direct set sidelites, full-lite reeded glass in classic craft, fiber-classic, smooth-star & pulse doors, the impressions integrated storm & entry door system, and retractable screen doors. This launch is anticipated enrich its product line. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global fiberglass doors market.