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Fiberglass Doors Market Expected to Reach $33 Billion by 2032—Allied Market Research

 
2022
Fiberglass Doors Market

Report Code : A17050

quote Fiberglass door market is witnessing a rapid surge owing to increasing in construction and residential buildings and various advantages of fiberglass door in these buildings. In 2022 the doors with glass segment generated the highest revenue. Furthermore, Asia-Pacific is anticipated to grow at highest CAGR during the forecasted period. quote

Sonia Mutreja - Manager
Construction and Manufacturing at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Fiberglass Doors Market," The fiberglass doors market size was valued at $13.6 billion in 2022, and is estimated to reach $33 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032.

Fiberglass doors are made from two large molded sides that are filled with a polyurethane foam core that insulates the door against extreme temperatures. It provides various features, such as long durability, energy efficient, improves the aesthetic appeal, and offers superior insulation. Moreover, a fiberglass door is an opening in a wall of a building, consisting of single-, double-, and multi-panel door made of fiberglass. Common types of fiberglass door available in the market are sliding, casement, tilt & turn, bay door, fixed, and others.

By design, the fiberglass doors market is categorized into interior and exterior. The exterior segment accounted for the highest market share in 2022, and the interior segment is projected to grow with the highest CAGR during the forecast period. Interior doors create well-designed and suitable beneficial space with effective circulatory patterns and appropriate access points in a room. The adoption of interior doors is escalating as they are long-lasting, affordable, and durable. Numerous factors leading to the development of the fiberglass doors market include, rise in infrastructure development projects, increase in the manufacture of interior doors, and surge in the disposable income of consumers. In addition, rapid growth in the household furnishing sector is anticipated to propel the demand for interior doors in the upcoming years. In addition, rise in construction activities in developing countries, such as China, India, and Africa are propelling the growth of the interior door. For instance, the China construction industry is expected to increase by 4% in 2022. Moreover, a rise in installation of fiberglass door in residential and non-residential spaces is anticipated to boost the demand for fiberglass doors industry during the forecast period.

By design, the fiberglass doors market is categorized into solid doors and doors with glass. The doors with glass segment accounted for the highest market share in 2022, and the solid door segment is projected to grow with the highest CAGR during the forecast period. Glass doors provide an aesthetic appearance to the house and require less maintenance than other composite materials, as they do not necessitate finishing and painting. Moreover, glass doors with multiple glass panels in the residential and non-residential sectors have witnessed high adoption, as they separate the space between multiple entrances, which fuels the fuels the fiberglass doors market growth Further, key players are launching new models of glass doors to enhance their product offerings. For instance, in 2021, milgard windows & door launched new AX550 moving glass walls in standard and custom sizes for both, new home construction and replacement or remodeling projects. Moreover, there is increase in the demand for glass doors in the residential and non-residential buildings, owing to its characteristics such as transparency, heat resistance, chemical resistance, pressure resistance, and inflow of natural light. These doors are being widely used as interior dividers and room separators in offices, workshops, and residential complexes, which is anticipated to fuel their demand. In addition, glass doors do not peel or crack when exposed to dirt, water, and dust, thus being highly durable.

In addition, on the basis of End user, the market is divided into residential and non-residential. The market is mainly driven by a rise in residential and non-residential buildings construction as well as rise in the construction of public infrastructure. Moreover, increase in use of doors with glass & solid doors in infrastructure projects and housing & residential buildings, especially in China and India, significantly contributes toward the growth of the global market. In addition, rise in residential construction activities coupled with upsurge in demand for fiberglass doors in Asia-Pacific and LAMEA, owing to rapid urbanization, is expected to provide lucrative opportunities for market development.

The key players in the market have adopted various development strategies to remain competitive. For example, in January 2022, ThermaTru introduced new product designs, which include 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, and pulse doors, the impressions integrated storm and entry door system, and retractable screen doors. Similarly, for example, in March 2021, JELD-WEN launched the pro core doors product line, which include solid-core doors that reduce noise by up to 50%. In addition, JELD-WEN offers an extensive range of interior and exterior doors for use in new construction and repair and remodeling of residential homes and non-residential buildings.

In 2022, Asia-Pacific dominated the market, in terms of revenue, followed by North America and Europe. Furthermore, the market in Asia-Pacific is anticipated to dominate the fiberglass doors market forecast by growing with a higher CAGR.

However, various businesses in the market are expected to witness a slow growth rate in the coming year, owing to the looming recession in major countries driven by the Ukraine-Russia war. The inflation has already led to higher prices of raw materials used in the construction sector, which has led to slow and delayed construction of new buildings, eventually leading to reduced demand for fiberglass doors.

Key Findings of The Study

  • The report provides an extensive analysis of the current and emerging fiberglass doors market trends and dynamics.
  • Depending on the product type, the exterior segment dominated the fiberglass doors market, in terms of revenue in 2022, and the interior segment is projected to grow at a significant CAGR during the forecast period.
  • By design, the doors with glass segment dominated the fiberglass doors market share in terms of revenue generated in 2022.
  • By end user, the non-residential segment registered the highest revenue in 2022, while the same segment is expected to grow with a higher CAGR during the forecast period.
  • Asia-pacific is projected to register the highest growth rate in the coming years.
  • The key players within the fiberglass doors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the fiberglass door industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market.
  • In-depth fiberglass doors market analysis is conducted by constructing estimations for the key segments between 2023 and 2032.

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quote Fiberglass Doors Market by Product type (Interior, Exterior), by Design (Solid Doors, Doors with Glass), by End user (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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