Report Code : A06118
The global doors market witnessed significant growth over the past decade, owing to increase in construction activities is expected to boost the growth during the forecast period. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global doors market growth. In addition, various key players are expanding their business globally, owing to increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel the growth of the global doors market.
Onkar Sumant - Manager
Construction and Manufacturing at Allied Market Research
According to a new report published by Allied Market Research, titled, “Doors Market," The doors market size was valued at $124.4 billion in 2021, and is estimated to reach $206.6 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
The wood segment accounted for nearly two-fifths of the global doors market share in 2021 and is expected to witness significant growth during the forecast period.
The global windows and doors market is anticipated to grow owing to the growth of multifamily housing trends. In addition, upsurge in consumer expenditure on home improvement & renovation activities and development in new construction activities are anticipated to offer remunerative opportunities for the door market development. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global doors market growth. In addition, rise in urbanization and industrialization in countries such as Africa, India, and others, is anticipated to provide remunerative opportunities for the doors market. Nevertheless, fluctuations in raw material prices are expected to hamper the doors market growth.
Augmented acceptance of eco-friendly door technologies in the developed regions, such as Europe and North America, fuels the development of the global doors industry. Properties, for example, increased durability, noise reduction, and aesthetic enhancement accompanied by development in the air quality have boosted the usage of eco-friendly doors. Currently, prominent companies in the doors market, lead the market with their wide distribution network and cutting-edge product portfolio, which is a major compelling factor for the global doors market progress.
Major players have adopted product launch, partnership, and acquisition as a key strategy to sustain the competition and improve the product portfolio. For instance, in April 2022, JELD-WEN launched a new sustainable product line, Auraline to address customized and sustainable demands for its client. This launch is projected to add enrichment to its product line.
Asia-Pacific accounting for highest share of the global doors market share in terms of revenue in 2021, owing to increased investment in tourism by private as well as public sector, which also led to increased construction activities, thereby; creating a demand for doors.
However, during the COVID-19 pandemic, various manufacturers in the doors market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted the sales of doors companies. In addition, lack of manpower and raw materials also constricted supply of raw materials of doors, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of doors companies.
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Doors Market by Type (Interior Doors, Exterior Doors), by Material (Wood, Glass, Metal, Plastic, Others), by Mechanism (Swing Doors, Sliding Doors, Folding Doors, Revolving Doors, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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