Sectional Doors Market Research, 2031
The global sectional doors market size was valued at $5.4 billion in 2021, and is projected to reach $8.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. A sectional door is a combination of large, hinged panels made of aluminum, steel, PVC, fiberglass, and other materials that roll on vertical tracks on either side of the door. While open, the door is directed upwards parallel to the ceiling through the curved vertical tracks that run along the ceiling.
Sectional doors have applications in residential and non-residential facilities owing to their various benefits. These doors, in addition to having a variety of colors and textures, may include windows and other inserts. Also, the availability of insulated and non-insulated sectional doors also enhances its usability. Furthermore, these doors do not swing out, allowing for better use of space adjacent to the door as well as unrestricted movement. Security-wise, these doors are far superior to the swing doors as there are no penetration points, making it extremely difficult for intruders to gain a pivot point to prise open the door. Typically, overhead roller doors are considered an alternative to sectional doors; however, the ability of sectional doors to incorporate thermal insulation makes them superior to overhead roller doors.
Increasing demand for consumer and industrial items, such as consumer durables, packaging materials, food & beverages, pharmaceuticals, and numerous others, has led to a boom in the manufacturing sector, especially in emerging economies. The growth of the manufacturing sector in emerging economies is also attributable to the various industrial development programs implemented by the government of their respective countries. Since the manufacturing facilities utilize sectional doors owing to their ability to cover a large opening, the rise in the number of these facilities is anticipated to drive the demand for sectional doors. Moreover, sectional doors are vastly used as garage doors; thus, the rising number of vehicles across the globe is projected to favorably impact the sectional doors market.
In addition, numerous commercial establishments, including warehouses, retail stores, and showrooms install sectional doors owing to its durability, strength, and flexibility to incorporate glass windows or screens. All such factors are anticipated to boost the sectional doors market.
Key market players in the sectional doors market are developing their product offerings. For instance, in April 2021, Hormann Group, which is an industrial door supplier and installer has done a major product development to the Hormann series 60 industrial sectionals doors.
On the basis of materials, the steel segment accounted for the highest market share in 2021, owing to its high strength, and durability.
The novel coronavirus had 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 later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components of sectional doors across the globe due to lockdown. The economic slowdown initially resulted in a downturn in the manufacturing and construction sector, leading to declining growth of the market. However, owing to the introduction of various vaccines, the severity of the COVID-19 pandemic has significantly reduced. As of 2022, the number of COVID-19 cases has diminished significantly. This has led to the full-fledged reopening of sectional door manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery. Furthermore, the constant technological advancements in the sectional doors offering are anticipated to provide lucrative growth opportunities for the sectional doors market growth.
By application, the exterior segment accounted for the highest market share in 2021, owing to high demand from non-residential users.
The sectional doors market is segmented on the basis of material, application, end user, and region. By material, the market is categorized into aluminum, steel, PVC, fiberglass, and others. On the basis of application, it is bifurcated into exterior, and interior. And on the basis of end user, the market is categorized into residential, and non-residential.
Region wise, the sectional doors market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2021, accounting for the highest share, and LAMEA is anticipated to grow at the highest CAGR during the forecast period. This is attributed to the growing industrialization in the region.
Key companies profiled in the sectional doors market report include ASSA ABLOY Group (Amarr), Avians Innovations Technology Pvt. Ltd., B&D Australia Pty Ltd., Hormann Group, Megadoors, Raynor Garage Doors, RJ Garage Doors, Sanwa, Holdings Corporation (Novoferm Group), Shanghai Kenvo Door Co., Ltd, and Steel-Line Garage Doors.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging sectional doors market trends and dynamics.
- In-depth sectional doors market analysis is conducted by constructing market estimations for key market segments between 2021 and 2031.
- Extensive analysis of the sectional doors market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing sectional doors market opportunity.
- The sectional doors market forecast analysis from 2022 to 2031 is included in the report.
- The key players within the sectional doors market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the sectional doors industry.
Key Market Segments
- By Material
- By Application
- By End User
- By Region
- North America
- Rest of Europe
- New Zealand
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players
- Avians Innovations Technology Pvt. Ltd.
- Raynor Garage Doors
- ASSA ABLOY Group (Amarr)
- Shanghai Kenvo Door Co.,Ltd
- B&D Australia Pty Ltd.
- Steel-Line Garage Doors
- RJ Garage Doors
- Sanwa Holdings Corporation (Novoferm Group)
- Hormann Group