Interior Doors Market Research, 2030
The global interior doors market size was valued at $55.7 billion in 2020, and is projected to reach $93.1 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030. An interior door is a panel that provides a barrier between the rooms and spaces within the house or a building. Interior doors are light-weight, thin and often have a hollow core. In addition, its function is to provide separation between the rooms in a house, unlike an exterior door that is installed at the entrance, and are made very strong in order to withstand the harsh weather and stop or slow down any forceful entry.
An interior door may have insulation capabilities, but it is an uncommon feature. Moreover, it can be of many types and is categorized on the basis of mechanism of working, material that it is made from and may incorporate a decorated surface to match the interior design of the house. Interior doors are an inseparable component of any house or building all over the world; especially, the North America and European housing markets have a higher demand for interior doors, as they significantly invest in home remodeling projects. Further, the construction sector is witnessing a boom in all the developing as well as in developed countries owing to the rapid urbanization. In addition, increased disposable income is also a reason for boom in the construction sector. These factors have surged the demand in the interior doors market. In addition, the technological advancement in the fiberglass and other materials has significantly increased its use in order to manufacture interior doors and make them lighter and relatively less expensive. This positively influences the demand for interior doors market growth.
Major players in the industry have focused on development of highly elegant and durable interior doors. For instance, in February 2020, Jeld-Wen, Inc., a leading provider of interior and exterior doors launched two new interior doors, known as the Moda Rustic interior door, a beautiful wood veneer with modern, flat-panel styles and translucent glass, and the other product that is launched is a finishing method known as ‘Foundry Finishes’ for fiberglass doors to recreate the look of real iron on them. Furthermore, advancements in IT technologies are playing a key role in growth of the interior doors market. For instance, in January 2022, JB Kind, the UK based interior door manufacturer, introduced a computer-based way of visualizing interior doors in residential settings before installing. Moreover, business expansion by the manufacturers of interior doors has also helped the interior doors market to witness significant growth. For instance, in January 2022, Marvin doors and windows a manufacturer of interior doors expanded its distribution and manufacturing facilities in Minnesota, U.S.
The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic has halted the production of many components of interior doors due to lockdown. The economic slowdown initially resulted in reduced spending on interior doors by home owners and commercial users. Furthermore, the number of COVID-19 cases is expected to reduce in the near future as the vaccine for COVID-19 is introduced in the market. This has led to reopening of interior doors manufacturing companies at their full capacities. This is expected to help the market to recover by the start of 2022. After COVID-19 infection cases begin to decline, interior doors manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
Furthermore, the increased global tourism has significantly boosted the number of hospitality buildings such as hotels, resorts, and other such buildings across the globe, thereby increasing the demand for the interior doors market. In addition, adoption of e-commerce for the sales of interior door products has led to lower costs of the products, which adds to increasing demand for interior doors and its related products.
The global Interior door market is segmented on the basis of type, material, mechanism, end user, and region. By type, the market is categorized into panel door, bypass door, bifold door, pocket door, and others. On the basis of material type, the market is categorized into wood, metal, glass, fiberboard, fiberglass, vinyl, and others. On the basis of mechanism, the market is categorized into swinging, sliding, folding, revolving, and others. And, on the basis of end user, it is categorized into residential, and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific has the largest interior doors market share in 2020, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to increase in construction activities.
COMPETITION ANALYSIS
Key companies profiled in the interior doors market forecast include Artisan Hardware, Bayer Built Woodworks Inc., Concept SGA Inc., Contractors Wardrobe, Inc., Hume Doors & Timber Pty Ltd, JB Kind, Ltd, Jeld-Wen Holdings Inc., Marvin Windows and Doors, Masonite International Corporation and Rustica Hardware.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the interior doors market analysis from 2020 to 2030 to identify the prevailing interior doors market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the interior doors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global interior doors market trends, key players, market segments, application areas, and market growth strategies.
Interior Doors Market Report Highlights
| Aspects | Details |
 By Door type |
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 By Material |
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 By Mechanism |
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 By End-user |
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 By Region |
|
 Key Market Players | Jeld-Wen Holdings Inc., JB Kind, Ltd., Contractors Wardrobe, Inc., rustica hardware, Bayer Built Woodworks Inc., Concept SGA Inc., Artisan Hardware, Hume Doors & Timber Pty Ltd, Masonite International Corporation, marvin windows and doors |
Analyst Review
The interior door market has witnessed significant growth in the past few years, owing to surge in spending on building construction activities.
Rise in trend of interior designing activities, especially in high income countries such as the U.S., Canada, the UK, and Germany, has fueled the demand for interior doors. Furthermore, increased popularity of eco-friendly materials for designing and manufacturing interior doors in countries such as Australia and the UK, have increased the demand for interior doors from residential users. Further, increase in number of small houses as fueled the demand for bypass interior doors, owing to their space saving capabilities. Swinging mechanism of interior doors has widely used homeowners and building developers. In addition, advancement in the IT technologies that enable the homeowners to choose the doors from the comfort of their houses have helped interior door manufacturers to expand their market reach.
Moreover, integration of latest design elements along with latest IT technologies and other latest advancement in interior doors and the materials that they are manufactured with has played a key role in increasing the demand for interior doors; thereby, providing lucrative opportunities for the growth for the market.
Business Expansion is a major trend in interior doors market.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Asia-Pacific is the largest regional market for Interior Doors.
Artisan Hardware, Bayer Built Woodworks Inc., Concept SGA Inc., Contractors Wardrobe, Inc. and Hume Doors & Timber Pty Ltd, are some of the top companies to hold the market share in Interior Doors.
55,687.5 million is the estimated industry size of Interior Doors in 2020.
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