As per the recently published report by MarketsandMarkets™, the “Doors Market by Material (Metal, Wood, Plastic, Glass, Composite), Mechanism (Swinging, Sliding, Folding, Overhead), Product Type (Interior, Exterior), Mode of Application (New Construction, Aftermarket), Application, and Region – Global Forecast to 2025“, size is projected to grow from USD 90.6 billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The gradual improvement in the global economy and the rebound of the construction industry after the economic slowdown have supported the growth of the doors market. Increased per capita income and changing interior décor preferences of customers are driving the demand for doors.
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- 184 Market data Tables
- 50 Figures
- 206 Pages and in-depth TOC on “Doors Market – Global Forecast to 2025″
This report also provides a comprehensive analysis of the companies listed below:
Major players operating in the global doors market include Assa Abloy (Sweden), Droma Kaba (Switzerland), (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc. (US), PGT (US), Fancy Doors & Mouldings (Canada), Cornerstone Building Brands (US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon & Billard Lumber Co. (US), Atrium (US), Fenesta (India), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), Novoferm Gmbh (Germany), Marvin (US), Viwintech Window & Door Inc. (US), Therma-Tru Corp. (US), OCM Industrial Doors (Italy) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the doors market.
Recent Developments in Doors Market
- In October 2020, Assa Abloy acquired Olimpia Hardware (Costa Rica). This acquisition will help the company to increase its distribution network in Latin America.
- In August 2020, Assa Abloy acquired majority stake in Agta Record (Switzerland) with approximately 93% of the share capital and voting rights. Agta Record is a leading manufacturer of automatic door systems, globally. This acquisition will help the company to expand its doors product portfolio and increase its presence in Europe region.
- In July 2018, Allegion Plc acquired GWA Group Limited’s (Australia) door and access systems business unit. With this acquisition the company aims to extends its distribution network and strengthen its market position in APAC region.
- In March 2018, Andersen Corporation acquired Heritage Windows and Doors (US), which is a manufacturer of high quality aluminium doors and windows for residential and commercial market. This acquisition will extend manufacturing capabilities, expand its doors and windows product portfolio and increase company’s geographical reach in North America region.
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In terms of value, the wood segment is projected to account for the largest share of the doors market, by material type, during forecast period.
Wood is projected to be the largest material segment in doors market. Wooden doors are aesthetically appealing; however, they are less thermally efficient, expensive, absorb moisture and easily rot which leads to high maintenance costs. Growing environmental concerns and the shoft towards green construction limits the growth of the wooden doors market further.
Swinging doors is projected to fastest growing segment during the forecast period, during forecast period.
Swinging doors is the fastest growing segment in the in doors market. Swinging mechanism used for door systems and contributing the largest share to the global doors systems market. These are more cost-effective and require lesser maintenance as compared to folding, revolving, and sliding doors. In addition, these have been widely used in residential buildings as compared to non-residential ones because they are convenient and suitable for small entryways.
Interior doors segment is projected to account for the largest share of the doors market, by product type, during the forecast period.
Interior doors is the largest product type segment in doors market. These doors are lighter, thinner, and smaller in comparison to exterior doors. They are not soundproof or weather proof as they do not include weather-stripping features. Changing lifestyles and growing expenditure on residential buildings drives the market for interior doors.
Residential doors is projected to register the highest CAGR during the forecast period.
Residential segment is the fastest growing product type in the doors market. This is attributed to the changing preferences and trends, which could require renovations and replacements. There is a rise in demand for green buildings, especially in the North American market as there are various regulations in place that make it obligatory to use sustainable and energy-efficient materials in both, commercial and residential buildings.
New construction segment is projected to account for the largest share of the doors market, by mode of application, during the forecast period.
Based on the mode of application, the doors market has been segmented into aftermarket and new construction. In 2019, the new construction segment dominated the doors market. This is attributed to the changing preferences and trends, which could require renovation and remodeling. The demand for doors is expected to be driven by factors such as reduced noise, better comfort, and greater aesthetic appeal.
APAC region accounts for highest market share and fastest growing region.
APAC is the largest and fastest-growing region for doors market. The growth in demand for doors in the region can be largely attributed to the growing infrastructure and building & construction industries. The demand for customized doors is growing rapidly in the region, owing to the high demand from the infrastructural sector for aesthetic appeal. As a result, the market has been positively impacted. According to the World Bank, in terms of population and economic growth APAC region will be the fastest growing region in the coming years.