India Doors Market is Expected to Reach $16.3 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “India doors market by Product Type, Wood Doors Type, Material, Installation, and End User,: Opportunity Analysis and Industry Forecast, 2022–2031,” the India doors market size was valued at $10.2 billion in 2021 and is projected to reach $16.3 billion by 2031, registering a CAGR of 4.8% from 2022 to 2031.

Commonly observed product types in India door market include doors and frames. Among these, the doors segment accounted for the highest market share in 2021, the same segment is expected to grow with a higher CAGR during the forecast period. Demand for aesthetically appealing doors has increased at a rapid pace, largely owing to the increase in disposable income of people in India. Moreover, with the surge in population and increase in cost of real estate, the size of homes is expected to decrease. Thus, door types such as pocket doors, bifold doors, and other sliding doors that take up less space when opened are anticipated to increase at a rapid pace.

Furthermore, solid wood doors segment under the wood door type registered a higher demand in 2021, owing to high strength, durability, and easy maintenance. It also provides good insulation against sound and heat drives demand for solid wood doors. However, the panel doors segment is expected to grow with a high CAGR during the forecast period. Furthermore, by material type, the wood segment registered a higher number of sales as compared to other materials, mainly owing to its wider availability and easy workability.

However, the engineered wood segment is anticipated to grow with a higher CAGR. Engineered wood is artificially made to have superior properties over solid wood. It is more resistant to expansion, or contraction with changes in temperature, humidity, and moisture. Commonly found engineered wood includes plywood, particleboard, blockboard, HDF (high-density fiberboard), and MDF (medium-density fiberboard). In addition, the market is analyzed with respect to different end users of doors, such as residential and non-residential.

The market growth is mainly driven by a rise in construction activities, owing to rapid urbanization & population growth, and due to an increase in the number of home renovation projects. However, the high cost of construction and fluctuating cost of raw materials used for door construction hamper the market growth.

Furthermore, based on end user, the non-residential segment is anticipated to witness higher CAGR during the forecast period, owing to launch of many affordable housing schemes in India. In addition, the report also analyzed across two major locations a door is installed, exterior and interior. Out of these two, the exterior segment accounted for a larger India doors market share in terms of revenue generated in 2021. The exterior doors available in the market are highly aesthetic and tough & strong, mainly attributed to their critical role in enhancing the aesthetic appeal of the house and preventing any forceful entry. However, the interior segment is anticipated to grow with a higher CAGR during the forecast period. Moreover, the increase in population has resulted in an upsurge in the rate of residential building construction.

However, during the COVID-19 pandemic, various manufacturers in India doors market had to stop their business. This break directly impacted sales of India doors companies. In addition, lack of workforce and raw materials restricted the supply of equipment for doors, negatively influencing the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease led to the re-opening of India doors companies. As of 2023, COVID-19 cases have plummeted to a significant level, and do not impose any looming threat.

Key Findings of the Study

• The report provides an extensive analysis of the current and emerging India doors market trends and dynamics. 
• Depending on the product type, the doors segment dominated the India doors market, in terms of revenue in 2021.
• By wood doors type, the panel doors segment is anticipated to dominate the India doors market by growing with a higher CAGR during the forecast period.
• By material, the wood segment dominated the India doors market, in terms of revenue in 2021.
• On the basis of installation, the interior segment is anticipated to dominate the India doors market forecast by growing with a higher CAGR during the forecast period.
• Depending on the end-user, the residential segment dominated the India doors market, in terms of revenue in 2021.
• The key players within the India doors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the India doors industry.
• The report provides an extensive analysis of the current trends and emerging opportunities in the market. 
• In-depth India doors market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.