Interior Doors Market Overview:
Global Interior Doors Market size was valued at $49,847 million in 2016, and is expected to reach at $74,967 million by 2023, growing at a CAGR of 6.1% from 2017 to 2023. The interior doors market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period. Various types of interior doors include swinging, sliding, bifold, multi-slide doors, and others.
The global interior doors market is driven by advancements by market players to produce eco-friendly doors, surge in residential & non-residential construction, and increase in expenditure on home remodeling in the developed economies such as the U.S. In addition, increase in demand for recyclable raw materials and rise in government support to adopt (uPVC) Polyvinyl chloride due to improved energy efficiency properties are expected to boost the interior doors market growth. However, high price packages of eco-friendly products restrain the interior doors industry growth. Conversely, rapid urbanization & industrialization and rise in disposable income in emerging markets are expected to offer lucrative opportunities for the market players operating in the interior doors market.
The global interior doors market is segmented by door type, material, mechanism, end user, and geography. Based on door type, the interior doors market is classified into panel doors, bypass doors, bifold doors, pocket doors, and others. The panel doors segment dominated the global interior doors market in 2016, and is expected to maintain this trend in the near future. Based on material, the market is categorized into wood, metal, fiberboard, fiberglass, glass, vinyl, and others. The wood segment accounted for the highest market share in the door segment, owing to widespread usage of this material in interior doors. The fiberboard segment is projected to witness the highest growth rate of 8.2% during the forecast period. On the basis of mechanism, the market is divided into swinging, sliding, folding, revolving, and others. The swinging interior doors segment accounted for the highest market share of over 55% in 2016. Based on end user, it is bifurcated into residential and non-residential users. The residential segment accounted for three-fifths share of the global interior doors industry in 2016, and is expected to grow at the highest CAGR of 6.6% from 2017 to 2023.
Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific held over half of the global market size in 2016, and is anticipated to grow at the highest CAGR of 6.8% during the forecast period. The dominance of the Asia-Pacific is due to growth of the market in the developing regions, such as India and China, and growth prospects in terms of growth rate, disposable income, and rise in population. In China, several regulations were implemented by the government to reduce the use of wood and encourage the use of uPVC material. Similarly, in the European Union (EU), door manufacturers must comply with the Construction Products Directive to ensure proper resistance to wind, water, and fire. The European Committee for Standardization (CEN) developed standards on safety and other features such as air permeability and acoustic insulation.
Global Interior Doors Market Segmentation
The panel and bypass doors segments collectively accounted for about 81.3% of the global interior door market share in 2016, with the former constituting around 65.3%. These segments are anticipated to register 81.6% by 2023, owing to high market growth in the near future and are expected to witness significant growth rates during the forecast period. The bypass doors segment is expected to grow at a significant CAGR of 7.4% during the forecast period.
Top Investment Pockets
At present, Asia-Pacific is the most dominant regional market for interior doors, accounting for more than 50% share in 2016, and is expected to register a CAGR of 6.8% during the forecast period. This high demand for interior doors is attributed to the growing housing market in India, China, and the other developing countries. Asia-Pacific region is estimated to witness the highest number of new constructions & infrastructural activities in the near future. In addition, China accounted for the highest market share, followed by Japan, Australia, and South Korea. The Chinese construction expenditure is expected to grow during the forecast period due to rise in household net worth, increase in employment rates, and improvement in consumer confidence to expend more on home remodeling.
Global Interior Doors Market: Top Investment Pockets
The key players profiled in the report include Artisan Hardware, Bayer Built WoodWorks Inc., Chaparral Doors, Colonial Elegance Inc., Concept SGA., Contractors Wadrobe, Jeld-Wen Holding Inc., Masonite International Corporation, Rustica Hardware, and Simpson Door Company.
This study provides an in-depth analysis of the global interior doors market along with the current trends and future estimations to identify the potential investment pockets for stakeholders.
It presents information related to key drivers, restraints, and opportunities along with their impact analyses.
Porters five forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants & substitutes, strength of the buyers & suppliers, and the degree of competition.
A quantitative analysis of the current market and estimations from 2016 to 2023 is provided to highlight the financial competency of the market.
Interior Doors Market Key Segments:
By Door Type
- Panel Doors
- Bypass Doors
- Bifold Doors
By End User
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Artisan Hardware
- Bayer Built WoodWorks Inc.
- Chaparral Doors
- Colonial Elegance Inc.
- Concept SGA
- Contractors Wadrobe
- Jeld-Wen Holding Inc.
- Masonite International Corporation
- Rustica Hardware
- Simpson Door Company